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February 1, 2006
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Reveille and Hyperbole

HALO Technology, a Greenwich-based business software holding company, has agreed to acquire Executive Consultants Inc. (ECI), an IT systems integrator based in Pennsylvania. Financial terms of the deal were not disclosed. HALO said that it intends to expand ECI's employee service center in downtown Pittsburgh to serve as its main on- shore service center for transaction and call center processing.

Executive Talent 2006 – research into the priorities, methods and challenges of recruiting senior executives. A free report from Executives Online, provider of interim and change management recruitment.





RealLife HR, an outsourced benefits management solution provider, announced the addition of RealLife Welcome to its platform. RealLife Welcome is an onboarding service that streamlines the process of successfully integrating new hires into an organization and helps employers ensure new employee success. RealLife Welcome is part of the RealLife Services product suite.



Deck Chairs


CNF Inc. announced that it has named Leslie P. Lundberg as Vice President, Human Resources ... Mediaedge:cia named Michelle Guglielmelli Senior Partner, Human ... Business Wire (press release) - San Francisco,CA,USA GroupM, has named industry veteran Michelle Guglielmelli as senior partner, Human Resources Director ... Birmingham-based Citation Corp. has hired William R. "Bill" Goodin as vice president of human resources ... Nosal Partners LLC, the executive leadership solutions firm, announced that John A. Holland has joined the firm as Senior Partner. Based in the firm's San Francisco office, Mr. Holland will lead senior-level executive search assignments in the advanced technology sector ...


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You Should Know



US:

  • Microsoft blog service adds advertising  Bloggers using MSN Spaces (MSFT) can now make some money by including advertising on their blogs and promoting items for sale through Amazon.com (AMZN). A posting on the free service's blog for users said they can include ads from Kanoodle, a company which sells sponsored links to advertisers. Bloggers who have an associate ID from Amazon.com can also use it to sell books and music through their blog postings. MSN Spaces also is launching in five new markets including Latin America, New Zealand and Singapore. (MarketWatch)


  • Super Bowl Ads To Target Women  The Super Bowl seems to be getting in touch with its feminine side this Sunday -- at least the ads will be.

    More advertisements than ever will target women, simply because they make up nearly half of the Super Bowl audience. (NBC10)


  • Making the Career Transition Smoother For Veterans:  MilitaryStars Opens New Venues in Atlanta, Denver, New York, Phoenix to Connect Military, Employers. As military personnel steadily return from service abroad, they reenter the employment market uncertain of what type of job awaits, or if one even does.

    To address the growing need for post-military employment support, MilitaryStars is expanding into four new locations for its military-exclusive hiring events in 2006. Atlanta, GA is one of the newest destinations for the nation's premier military career expo company, and with MilitaryStars' regional approach, candidates throughout the Southeast Region will now have a second location – Jacksonville being the first – in which to find top quality civilian employment.

    (Military Stars)


Middle East:
  • Emirates Bank receives World Human Resources Development Congress highest award  Emirates Bank is scheduled to receive the 'Leadership Award' from the World Human Resources Development Congress which convenes its conference and award ceremony in Mumbai, India on the 3rd-4th of February 2006.

    The World HRD Congress, aims at gathering HR professionals who are behind some of the world's most successful and sought out corporations with the objective of providing a platform for networking and sharing best practices for the organization transformation and development. (AME Info)




Survey Says ...
Putting it Off Until Tomorrow: Ernst & Young LLP Aging Workforce Survey Shows Corporate America Forsees a Looming Wisdom Withdrawal but Delays Addressing the Issue


The survey, The Aging of the U.S. Workforce: Employer Challenges and Responses, indicates that a little more than half of the respondents agreed that the aging workforce is an issue that must be addressed. While almost two-thirds said that retirements will lead to a "brain drain" in their organization, less than one-quarter said that it is an issue that is strategically very important.

"Approximately every seven seconds in America this year, a boomer turns 60," said William Arnone, an Employee Financial Services practice leader in the Human Capital Practice of Ernst & Young LLP. "Seventy percent of the survey respondents have not yet attempted to identify where business wisdom resides in their organization. This means one thing: corporate America is facing a significant wisdom withdrawal."

While the survey illustrated that employers are putting off tackling the issue of an aging workforce, an overwhelming 90 percent said they are committed to putting formal retention programs in place in the future. Of the 30 percent who have identified where business wisdom resides, only 67 percent have formal processes in place to transmit that business wisdom to the next generation.

"Right now, HR professionals are focusing on other things they consider to be more pressing, such as governance and compliance issues," said Arnone. "As the looming ‘wisdom withdrawal' becomes a more immediate concern, they will focus their resources on the issue at that time."

Aging Workforce by the Numbers:
  • Of survey respondents who believe that the aging workforce is an issue that must be dealt with, 53 percent said it will lead to a workforce shortage.
  • Sixty-three percent said that retirements will lead to a "brain drain."
  • While almost 15 percent of respondents' employees are eligible to retire in the next 5 years, they estimate that just over 10 percent of their current workers are likely to do so.
  • Approximately 40 percent noted that their top human capital concern is the availability of talent over the next five years. Other highly ranked areas of concern include retention of key employees and talent management (i.e., ensuring that the right employees are in the right positions).
  • Over 85 percent had no formal retention programs in place. Of those who did, hiring retirees as consultants or contractors, retention bonuses, promoting a culture of generational diversity and pre-retirement planning programs proved to be the most popular.
Survey findings are based on responses from a sampling of senior human resources executives from a cross section of some of the largest employers in the U.S. in a variety of industry sectors. The survey was conducted electronically from November 11, 2005, to December 21, 2005.

The survey was conducted by Ernst & Young LLP, ExecuNet Inc., and the Human Capital Institute.







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Coming Soon:
 
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14-15 February 2006
Grand Copthorne Waterfront 
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HR Metrics - 2006 Summit
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February 23, 2006
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Navy Pier in Chicago, IL
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October 25 - 27, 2006
Red Rock Resort
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