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Reveille and Hyperbole

Workstream Inc. (NASDAQ – WSTM), a provider of On-Demand Enterprise Workforce Management software, announced its fiscal second quarter financial results for the period ended November 30, 2005. Stephen Lerch, Chief Operating and Financial Officer stated, "We are pleased to be able to show strong revenue growth over last quarter and a return to the baseline needed to move forward. Our focus is growing our Company in a rapid but fiscally responsible manner while maintaining strict control over operating expenses and cash utilization."

Workscape, Inc., provider of outsourced benefits and workforce management solutions, announced the general availability of OneForce™/Compensation Planner 6.0. Designed to help organizations deal with the complexities of enterprise compensation management, OneForce/Compensation Planner is an on-demand solution that drives higher workforce performance by aligning rewards with employee performance.

Qwiz, ePredix and PDRI present PreVisor, Inc., a new company name that represents the union of the three in human capital performance and selection. PreVisor couples the ability to predict on-the-job performance with the insight of a trusted advisor. Deck Chairs

Eric Bush has been appointed to oversee the management of the human resources of the National Flag Carrier . . . Rachel McKinney promoted to Senior Vice President, Global Human Resources . . . The Crossroads Workforce Investment Board recently appointed Tony Logue and Gerry Schlechte to interim positions . . .




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You Should Know


US:
  • BNA Economic Outlook Panel Says Growth to Continue in 2006; Strongest in First Six Months. Highlights regarding the Labor Market are 1. A gain of more than 2 million payroll jobs will lower the unemployment rate to 4.9 percent.   2. Hurricane rebuilding will boost construction and related employment during the first half of 2006  and 3. Payroll growth will remain steady at 190,000 jobs per month in the first half, slowing to 173,000 in the last half of the year. (BNA.com)

EuroZone:
  • Where The Europeans Lead The Americans Must Follow In the US I hear the same lament from fellow hacks everywhere: We must save newspapers! They are being threatened by the internet, declining circulation, shrinking revenue, greedy shareholders, illiterate youth - everyone is to blame, it seems, but the papers themselves. The country's second-largest newspaper company, Knight Ridder, has been forced on to the block by a large stakeholder and there are doubts about whether proper buyers can be found and whether some of its papers will survive. In Philadelphia, journalists from a Knight paper and local bloggers are even banding together to seek some means of salvation. Meanwhile, other major publishers are constantly announcing more layoffs or confessing to darker financial figures. (MediaChannel)


Global:
  • More stay on the job while they fight cancer  At first, Todd Andrews assumed the dull pain in his left forearm came from too much basketball. So he could hardly believe it when doctors told him he had osteosarcoma, a type of bone cancer, and would need surgery and chemotherapy.  But Andrews, an account manager at Karwoski & Courage Public Relations in Minneapolis, wasn't going to let treatment interfere with work. He had a permanent catheter inserted into his chest in order to take chemotherapy. Andrews came to the office every day with his chemotherapy bag slung over his shoulder. Then he would set the bag up at his desk. He worked with it beside him, listening to the soft zoom of the pump as it delivered chemicals through tubes under his shirt.  (USA Today)
     
  • Yahoo Gets Close to Six Apart  Yahoo added Movable Type blogging software to its Web hosting offerings, thanks to a partnership announced on Monday.  Under the agreement, Yahoo Web Hosting customers will be able to create blogs using Six Apart's Movable Type software.  Six Apart offers Movable Type software for blog publishing, the TypePad personal blogging service and LiveJournal, an online community organized around personal blogs. The company optimized its software specifically for Yahoo's hosting environment, with an eye toward offering customers a professional-strength application. (Internet News)


India:
  • US may increase immigration and outsourcing from India  Fearing a massive workforce deficit by the year 2020, the United States may increase immigration and outsourcing opportunities from India, US Consul General Henry Jardine indicated on Monday.  "An area that will strengthen future Indo-US ties is demograhics. In India, the young population is rising. In the US, there are more ageing people. There will be a substantial workforce deficit in the US by 2020. So, we will have to consider immigration and outsourcing possibilities," he said, during an interaction at the Merchants' Chamber of Commerce in Kolkata. (Rediff India Abroad)
     
  • Outsourcing 'to earn India $60bn'  Outsourcing services could directly employ 2.3m by 2010  India could earn $60bn a year by 2010 from information technology and outsourcing, an industry report says.  The report was prepared by Nasscom, a lobby firm for Indian software and service companies, and international consulting firm McKinsey and Company. It said business worth $110bn would be outsourced worldwide by 2010 and India is set to capture more than half of it.  (BBC)








Survey Sez: Outlook Is Bright For Executive Employment Market In 2006
Search Firms Adding Staff At Record Levels To Keep Pace With Growth

The strong executive job growth that persisted in the face of record high energy prices and increasing interest rates in 2005 is expected to gain significant momentum in the year ahead. ExecuNet's Recruiters Confidence Index (RCI), a monthly survey of executive recruiters conducted by the leading executive job search and recruiting network, reveals the search industry is anticipating the demand for executive talent to climb in 2006.

According to the Execunet survey of 140 executive recruiters, 70% are confident or very confident that the executive employment market will improve during the next six months. In the first six months of 2006, the executive search industry is expecting a 26% increase in the number of assignments received from corporate clients – a significant increase from the 17% rise in assignments reported for all of 2005.

Confidence In The Executive Employment Market
Next Six Months

"Having just finished its best year since 2000, the search industry is optimistic that hiring will continue to rebound sharply at the executive level," says Mark Anderson, President of ExecuNet. "As the employment market's recovery gains steam, corporations will find themselves going head to head with rivals for the best executive talent – a competition that will quickly drive up compensation packages."

To prepare for sustained growth in the executive employment market, 60% of all search firms have plans to hire additional professional staff in the next three months. During the past three months, 44% of executive recruiting firms have added professional staff – this marks a record high for search firm hiring.  


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