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February 2, 2006
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Reveille and Hyperbole

Bank of America Business Capital, an asset-based lenders, specializes in understanding and financing the needs of mid-size and large companies, presents an independent survey of manufacturing company CFOs. Find out what 600 CFOs expect this year in the 2006 CFO Outlook Report.



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You Should Know

Global:

  • Diminishing Returns for Outsourcing?  The benefits may be harder to come by than is widely assumed, and they could become even more elusive if a new international rule is embraced by the Financial Accounting Standards Board.

    Outsourcing has become so common among U.S. companies that the question no longer seems to be whether to engage in the practice but how far to extend it. The answer, according to the conventional wisdom, is the farther the better.

    The benefits seem obvious indeed. To the extent a company can cut its costs by turning over non-core services to an outside firm, its earnings and stock price may increase. And consultants contend the impact can be transformational. The trick is to identify costly but ancillary functions that can be outsourced without sacrificing the quality of the support.

    But there's the rub . . . (CFO.com)




US:
  • MBAs: Back in the Money Again   According to a survey from the Graduate Management Admissions Council (GMAC), reported in USA Today, salaries and signing bonuses for newly minted MBAs jumped in 2005 to a record $106,000, up 13.5 percent from 2004. Salaries alone surged to $88,600, topping the previous record of $85,400 set in 2001. The average bonus paid by an investment bank to a fresh MBA graduate in 2005 was $40,000. Consulting firms and investment banks are again hiring aggressively after cutting jobs sharply during the recent recession. (HireStrategy)


  • IRS Needs Agents, Auditors as Retirements Loom  The IRS's Large and Medium Size Business Division (LMSB) is staffing up as many of the career staffers who conduct or manage corporate audits approach their retirements. Pay packages could prove taxing to some, however.

    Keith Walker, Director of Human Capital at LMSB, says the unit has been actively recruiting senior-level agents from outside the government, a relatively new tactic for an organization that has traditionally promoted from within. (JobsInTheMoney)









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Survey Says ...
Executivesontheweb.com Announces the Results of its Joint Survey with Executives Online

Executivesontheweb.com, the UK and European executive recruitment website announces the results of its joint survey with Executives Online, the UK's fastest growing provider of interim and change management recruitment.

The survey undertaken in the two last quarters of 2005 covered extensive research into the online recruitment market from both a general and executive level perspective.

The results showed that 42% of all companies surveyed use online recruitment and have online recruitment advertising budgets. In addition, 66% of the recruitment companies surveyed plan to maintain or increase their online recruitment advertising budget compared with the previous 12 months.

The survey further found that 40% of all participants use the internet for executive recruitment advertising.

executivesontheweb.com was shown to be the only executive recruitment job board to be listed by the participants of the survey, thus reinforcing their position as the UK No.1 website for executive and senior management recruitment. http://www.prweb.com/releases/2006/1/prweb336975.htm



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