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Reveille and Hyperbole
Select Personnel Services and RemedyTemp announced that they have entered into a definitive agreement under which Select would acquire all the outstanding shares of RemedyTemp for $17.00 per share in cash, or approximately $169 million, representing
an approximate 39% premium over RemedyTemp's May 10, 2006 closing stock price of $12.20 per share. RemedyTemp option holders will receive an equivalent amount, less their option exercise price.
Capgemini today announced it is ranked in the Leaders Category in the International Association of Outsourcing Professionals first
industry-wide benchmark for outsourcing excellence.
Saba, the premier Human Capital Management (HCM) software and services provider, announced today that it will host a free webinar entitled: "Retirement Relay -- The Effective Transfer of
Knowledge," on May 23, 2006, 2:00-3:00 PM Eastern Time. The webinar will include a panel of experts from Deloitte, Governing Magazine, and The Los Angeles County, who will discuss the real and present human capital shortfall risks faced by state and local government leaders today.
Bersin & Associates, aresearch and advisory firm solely focused on enterprise learning and its organizational impact, announced the availability of its newest research study, "Performance Management 2006: Market Analysis, Trends, Best
Practices, and Vendor Profiles." Bersin and Associates analysts estimate that this nascent but rapidly growing market is at $136M in license revenue today and will grow 40% over the coming year, based on purchasing plans and vendor estimates. Bersin & Associates will discuss the study's findings in an
upcoming webinar on Wednesday, May 31, at 2:00 p.m. EDT.
Workstream Inc. (WSTM), a provider of On-Demand Enterprise Workforce Management software, announced its 2006 User Group Conference, scheduled for May 23-24 in San Francisco, will feature an industry experts panel, gathering leading market
researchers and pundits from across the enterprise workforce management industry to discuss the trends in Talent Management. The panel will discuss topics in the Talent Management marketplace such as the changing demographic of workers, the growing importance of a holistic view of talent management
initiatives and how leading organizations are tying talent management initiatives directly to true business results. To accommodate persons not able to attend the conference, Workstream is offering a live, pay-for-view Webcast of all the event's keynote sessions
and strategy tracks, including the industry experts panel.
Deck Chairs:
Armando Bengochea, a political scientist and experienced academic administrator at Brown University, has been named the Dean of the College Community at Connecticut College. In this recently created position, he will serve
as the college“s senior diversity officer and the chief student affairs officer.
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You Should Know:
Global:
Woo Back an Ex-Employee
If you're not mining ex-employees for future hires, you may be missing out. Many companies have long considered such workers disloyal and off-limits. That started changing in the tight labor market of the late '90s, when desperation forced employers to accept ex-workers, says Beth N.
Carvin, CEO of Nobscot Corp., a Kailua, Hawaii, software company that recently added a rebound recruiting module to its WebExit exit interview software. (TheStreet)
Outsourcing of Creative Content Development Booming
In the creative outsourcing space -- animation, gaming and e-learning -- India is now facing stiff competition from China, Philippines, Korea, Thailand, Canada, Ukraine and Russia. One India-based video game developer plans to establish a delivery center in the U.S. to improve its partnering
opportunities. Getting creative is the latest mantra of the outsourcing industry. It is no more about call centers, telemarketing , transaction processing. There is a new dimension to it -- creative outsourcing, which includes animation, developing gaming content and e-learning and e-publishing. (eCommerce
Times)
Under pressure, Microsoft fights to keep its workers
Top technology talent no longer automatically heads to Microsoft. The company now contends with the gleam of Google and other competitors, as well as internal employment issues. But Microsoft showed Thursday it won't let practices that have stirred employee discontent get in the way of recruiting and
keeping the best minds in computing. In a town-hall-style meeting with employees, executives outlined broad changes to those practices, from ending an unpopular numerical rating system that forced managers to "grade on a curve" to instituting new perks that could make working there more attractive. (Seattle
Times)
US Law-Firms now outsourcing to India
First it was call centers, software development and medical transcription. Now an Orange County company wants to outsource to India what some might think unmovable: legal work. Irvine-based The Legal Outsource, which started in February and has about 10 workers, is tapping lawyers in India to handle basic
legal work. The lure: fees for legal services that are much lower than in the U.S. The company has lined up a handful of customers in the past several weeks and hopes to go after small and midsize law firms that are firms looking to cut costs. Outsourcing legal work to India isn't as extreme as it sounds,
company officials said. (IndoLink)
Chinks In Outsourcing's Armor
When Diebold Inc. announced Wednesday that it will take over--or more precisely, take back--an Oracle ERP implementation and some additional IT-related functions, resulting in a financial charge and an end to its contract with Deloitte Consulting, it didn't explicitly point fingers
or assign blame. It doesn't require reading too deeply between the lines, however, to conclude that outsourcing failed in this case. Or at least, outsourcing failed to meet the company's expectations. Diebold said in a statement: "This decision is designed to provide the company with more control and
flexibility over its IT operations as well as the ability to accelerate its remaining ERP deployment." (Information Week)
Social Networking Site Targets Professionals
Members can create networks and share information just like at other sites, but CollectiveX also offers password-protected networks targeting organized groups ranging from large associations to small book clubs and social groups. Social networking sites are pushing past teenagers and 20-somethings
to build a new wave of Internet communities targeting professionals. CollectiveX on Monday launched a social networking site meant to attract enterprises, non-profit groups, university groups and alumni, and other professionals. While the online hub joins a list of established players from LinkedIn Corp. to
Visible Path Corp., founder and entrepreneur Clarence Wooten believes his site can offer business professionals something more. (TechWeb.com )
Social Networking for Staff Development
SocialText's Ross Mayfield quotes SAP's Shai Agassi today in a private Q&A where the enterprise vendor's giant Software Developer Network is discussed. Agassi says the online community gets 500,000 visitors per month, represents an "aggregation of knowledge that is second to none," and is like the
slashdot of the sprawling SAP world. Agassi says vendors in India are sending scores of new employees to spend their first three months on the site to learn. Average time for a question to be answered is 30 minutes, the company is only creating 20% of the content and there's a reputation system for
participants. That's hot. (Social Software)
India:
Why India is the most preferred Outsourcing Destination
India has the ability to cater for the demands of the market. Its vast supply of over 2 million graduates and 300,000 post graduates that pass out of colleges each year,along with its vast resource of English-speaking college-educated workforce and low-cost labour gives it an edge in the offshoring world.
Last year alone, outsourcing in India grew by over 25 %, and it continued its domination over other competing countries such as China, Ireland, Israel and the Philippines. It is not always about the cost (Daily India)
New Zealand:
Seek and destroy - Trade Me
Trade Me plans to shake up the online recruitment market by undercutting the listing fees of market leader Seek by 70-80 per cent when it introduces a jobs category on its website later this year. Founder Sam Morgan says moving into recruitment advertising is the web business' "No 1 priority". But he says
Trade Me is also fomenting plans to help people buy new goods such as music and consumer electronics online once it has the second-hand and classifieds market wrapped up. "Catalogue-based shopping for new goods is something that is on the medium-to-long term horizon." (Stuff)
Mexico:
Mexico sells itself as 'nearshore' outsourcing hub for US
While Europe looks to India as its offshoring destination of choice, Mexico has launched an initiative to promote itself to the US as a 'nearshoring' destination that's so close to home it's often within commuting distance. And the benefits of proximity add up, says Eduardo Ruiz Esparza Flores, president
of Canieti, a Mexican IT trade group working with the Mexican government to promote the country as an outsourcing destination. He is also CEO of RFID Native, which builds radio frequency identification systems. (Silicon.com)
US:
BrightStar Healthcare expands into Orlando
BrightStar Healthcare, a health care staffing agency and franchise, is targeting Orlando for expansion due to the fact that senior citizens make up 10 percent of the city's population. The Chicago-based firm -- which has seven locations in Illinois, Wisconsin and Pennsylvania -- plans to open 10 Florida
locations, including three in Orlando, by the end of the year. Other states the firm is targeting for expansion include Georgia, Indiana, Michigan, Minnesota, Missouri, North Carolina, Ohio, South Carolina and Wisconsin. (Orlando
Business Journal)
A Bonding Experience: ettain group's Founders Team Up To Build a Growing Company
You know that the founders of Charlotte-based ettain group truly understand the intricacies and importance of teamwork and working together: When they started the IT staffing company 10 years ago, it was in the same house where three of the four Principles lived. While ettain group (www.ettaingroup.com)
moved out of the house a few months later and all four men now have their own homes, that initial time together has formed a bond still apparent today. (WRAL)
More women undertake mortuary careers
Earlier this spring, Erika Haas, an assistant funeral director at Heffner Funeral Chapel in York, Pa., suggested to a grieving family that they televise the recent Pittsburgh Steelers' Super Bowl victory during their 26-year-old son's funeral. The son had been a lifetime fan and spent many weekends
at the stadium or watching the game on TV. (COLUMBIA NEWS SERVICE)
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Deep Release:
Online Recruitment Activity Rises in 20 of Top 28 U.S. Metro Markets in April, According to the Monster Local Employment Index
Online Job Demand for Management; and Business and Financial Workers Increases across Majority of Markets
Online Job Opportunities in IT; and Life, Physical, and Social Science Occupations Spike
According to the latest findings of the Monster Local Employment Index, online job availability increased in 20 of the 28 top U.S. metropolitan areas during April, reflecting a continued rise in online hiring demand in a majority of major U.S. metro areas.
During the past month, nine metropolitan markets showed strong growth in online recruitment activity, while 11 saw a slight-to-moderate rise, five showed flat growth, and three declined. The Index grew by five points in Cincinnati, Phoenix and Portland during April, by four points in Cleveland and
Indianapolis, and by three points in Detroit, Houston, Minneapolis and the New York City metro area. Meanwhile, online job availability in Los Angeles and Washington, D.C. decreased by one point, and fell four points in Pittsburgh.
"The solid growth in employer demand we see in April in the Monster Local Employment Index across a majority of the top metro areas in the country is further evidence of the continued strength in the U.S. labor market," said Steve Pogorzelski, Group President, International at Monster Worldwide. "For
graduating college seniors, the job market is looking extremely optimistic. Healthy corporate earnings, retiring baby boomers and a willingness to recruit and train all suggest that worker supply continues to be restrained and wages are beginning to rise."
During April, online recruitment activity for management occupations grew in 25 of the top 28 metro areas, with the largest rate of month-to-month increase registered in Cincinnati and Detroit. Over the 12-month duration of the Index, however, Denver and Sacramento top the list of fastest growing markets
in this category. For business and financial operations occupations, 17 markets edged higher, with Portland logging the largest jump between March and April. Meanwhile, Phoenix and Seattle demonstrated the sharpest year-over-year growth for business and financial operations occupations.
Twenty-three metro markets demonstrated growth in online recruitment activity for life, physical, and social science occupations during April. Cleveland, Indianapolis and Portland saw the largest increases in demand, with Baltimore and Dallas registering strong growth, as well. Much of the hiring in this
category is focused on workers in research institutes and academic institutions as well as R&D units of major corporations. Additionally, online job availability for IT workers (computer and mathematical) increased in 20 of the top 28 local markets, with particular strength in Cincinnati and Kansas City.
Food preparation and serving related occupations also saw a greater number of online opportunities in 25 of the 28 markets tracked with Phoenix, Portland and Seattle registering the largest rate of increase month-to-month. Boston and New York also saw sizable gains last month, while Miami and Pittsburgh
demonstrated strong growth over the 12-month period. Seasonal factors such as warmer weather were potential contributors to the elevated demand, as was strong continued growth in the restaurant and hotel industries.
Twenty-two markets registered increased online recruitment for transportation and material moving workers with particular strength in Seattle, Portland and Minneapolis. The broad increase suggests that high gas prices have not yet taken a toll on hiring activity in the transportation sector, which is
enjoying strong momentum thanks to the booming economy and intense domestic and international trade. Furthermore, a wide array of businesses are using extra fees and fuel surcharges to shift some of their rising energy costs to consumers. Significant increases in online demand for transportation and material
moving workers were measured in Houston, Orlando and St. Louis in recent months. Dallas, by contrast, dipped in April, and Pittsburgh has remained essentially flat over the last year.
Overall results for the top 28 U.S. metro markets over the past 12 months are as follows:
About the Monster Local Employment Index
Providing a broad, comprehensive monthly analysis of online job demand in the top 28 U.S. metro markets, the Monster Local Employment Index is an extension of the national Monster Employment Index, which is compiled each month by researchers at Monster Worldwide, Inc. (NASDAQ: MNST), parent company of the
leading global online career and recruitment resource, Monster(R). Based on a real-time review of millions of employer job opportunities culled from more than 1,500 Web sites, including Monster(R), the Monster Local Employment Index presents a snapshot of employer online recruitment activity in the top 28
U.S. markets with the largest working populations.
The Index counts job postings as an indicator of employer demand for employees or, in other words, job availability. Job postings are online advertisements placed by an employer looking to fill one or more vacant, or recently created, job positions. All of the data and findings have been validated for
accuracy through independent, monthly third party auditing conducted by ARC Research of Cranford, New Jersey. Individual Index reports containing data for each of the 28 metro markets, as well as additional information on occupational demand in each area, are now available at http://LocaleIndex.monsterworldwide.com.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. The company also owns TMP Worldwide, one of the largest Recruitment Advertising agencies in North America. Headquartered in New York with approximately 4,300 employees
in 25 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and the NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.
Monster is the leading global online careers property. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 26 local language and content
sites in 24 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual
results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and
other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
Coming Soon:
NACE National Meeting & Expo
Anaheim Marriott/ Anaheim Convention Center May 30 - June 2,
2006 More
Info Register
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3rd
Annual Best Practices in Talent Management, Leadership Development and
Succession Planning Conference 25th - 26th May 2006 Barcelona,
Spain £2006.57
Register |
Hunt Scanlon Advisors
present Generating Higher
ROI on Human Capital June 7,
2006 Chicago |
OnRec
Online Recruitment Conference Queen Elizabeth II Conference
Centre June 20 Westminster, London contact:
Chris@OnRec.com More Info
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2006
EREC 21-22 June 2006 ExCel London,
UK Register
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SHRM's 2006 Annual
Conference & Exposition June
25-28 Washington, D.C. $1,350 Read more
Register
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OnRec Expo 2006 12-13 September 2006 Donald E. Stephens Convention
Center Chicago Register
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2006
Strategic HR Conference October 4-6, 2006 Westin Kierland
Resort Phoenix, Arizona
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Human Resource Executive's 9th Annual HR Technology®
Conference Oct. 4-6, 2006 Navy Pier in Chicago, IL
$!095 Register |
2006
SHRM Workplace Diversity Conference October 16-18, 2006 Century Plaza Hotel
and Spa Los Angeles, California
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Hunt Scanlon Advisors present "Defining
Leaders" New
York city October 18 - 20, 2006
New York Palace |
HR.com's Employers of Excellence 2006 October 25 - 27,
2006 Red Rock Resort Las Vegas, Nevada Register
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