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New Special Editions: Talent
Management Special Edition (PDF)
Demographic
Surprises Report (PDF), Trends In The
Changing Workplace (PDF)
Reveille and Hyperbole:
Peopleclick Inc., the leading Total Workforce Acquisition provider for global organizations, was named a Finalist today for the 2006 American Business Awards in the Best New Product or Service category for its Recruitment
Management System (RMS).
SuccessFactors, Inc., supplier of on-demand, Web-based performance & talent management solutions, this week kicked-off the largest customer
user conference in the company's history. The 2006 SuccessFactors Global User Conference sponsored by platinum and silver partners SumTotal Systems, Dimensions Data International (DDI), PeopleAnswers, Lominger and SystemLink will feature James Holincheck, Vice President of Research, Gartner as a keynote
speaker.
ProMana Solutions, Inc., a unique organization that has developed a web native, end-to-end solution for managing the entire spectrum of payroll, benefits, human resource management and business processing outsourcing today
announced that JBL Trinity Group, of Matawan, New Jersey, a Branded Partner licensee, has agreed to grant Tri-State CRM, Inc., a sublicense to offer their solution to their clientele. JBL and Tri-State CRM will begin to market the new service set under the brand name TRI-State Customer Services Manager or
Tri-State CRM ™. The new alliance creates an opportunity for clients of JBL Trinity to have access to world-class benefits programs, including workers' compensation and health insurance programs. For Tri-State, the alliance provides the ability to have access to ProMana's state-of-the art PR/HRMIS system
which affords greater access to a growing market segment for its sales force.
GlobalSpec, the specialized search engine, information and e-publishing company for the engineering, industrial and technical communities, today announced that it has been named one of the "Media Power 50" by BtoB Magazine, the only publication dedicated
to all disciplines of business-to-business marketing.
Honoring the company's commitment to promoting diversity, Asian Enterprise magazine named Harrah's Entertainment, Inc. (HET) one of its Top 20 companies for Asian Pacific Americans.
The Korn Ferry International (KFY) Corporate Conference Call took place on 6-Jun-06 8:00am ET. KFY reported full year fee revenue of $523m. 4Q06 fee revenue was $145.3m. Full year EPS was $1.09. EPS, excluding a one-time tax benefit of $6.5m was
$0.31 in 4Q06. Cash balance improved over $46m sequentially reaching $278m. Assuming constant FX rates, KFY estimates qtr.-run fee revenue to range from $138-145m. 1Q07 diluted EPS is expected to range from $0.28-0.33. Including FAS 123R option expense to be recognized in 1Q07, diluted EPS is expected to
range from $0.26-0.31. More information on this Conference Call can be obtained from Research and Markets at http://www.researchandmarkets.com/transcripts/90203
Prudential Financial, Inc. (PRU) announced today a new tool that can assist families with selecting the right amount of life insurance coverage. While Life Insurance can never replace the emotional loss a family suffers in the event of a death,
The Value of All You Do Calculator, now available on the company's website, estimates the economic value of many services women provide for their families, such as managing the home, caring for children, running errands, preparing food, and tutoring. Wives are less likely to own life insurance than their
husbands at nearly all income levels, according to LIMRA, 2005. In addition, a 2006 study by Salary.com concluded that the value of the things moms do can amount to an average annual salary of $85,876 for working moms and $134,121 for stay at home. moms.
Capital H Group, a rapidly expanding human capital consulting and outsourcing firm, announced today that it has closed a $25 million funding commitment from FTVentures, a private equity firm focused on business services and
software companies that provide meaningful solutions to the financial services industry. Capital H Group provides a breadth of services that help companies create value -- through their people -- for better business results by focusing on the effectiveness of an organization, its executive team and staff, as
well as its operations and sales practices.
Workway, a Burbank, Calif.-based staffing firm specializing in serving the financial industry, announced the opening of its new office in Richardson, Texas, within the Dallas-Fort Worth area, to meet the increased demand for
experienced financial staffing services.
NewsGator Technologies, Inc., the leading RSS platform company, today announced that Spencer Stuart, one of the country's largest and oldest executive search firms, has deployed NewsGator Enterprise Server (NGES) to improve the way
its employees find and share information. The product enables its consultants and other employees to automatically track relevant information about clients, executives and industries they serve.
Absoft, the Aberdeen-based specialist supplier of SAP consultancy and support services, today announced the launch of a Human Capital Management (HCM) solution designed to meet the specific needs of the oil and gas
industry. Absoft's Advantage HCM for Oil and Gas is based on SAP's world-class business software and focuses on enabling oil and gas companies to maximise workforce competency and resource utilisation for competitive advantage.
Workstream Inc(TM) (WSTM), a provider of On-Demand Enterprise Workforce Management software, yesterday announced the general availability of Workstream Benefits Enrollment 6.0, a web-based benefit enrollment and administration application.
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Deck Chairs:
OfficeMax® Incorporated (OMX), a leader in office products and services, today announced that Perry Zukowski has been elected as executive vice president, Human
Resources reporting to chairman and chief executive officer, Sam Duncan....Vail Resorts, Inc. (MTN) today announced the appointment of Steven S. Fitzgerald as senior vice president of human resources....Heidrick
& Struggles International, Inc. , the executive search and leadership consulting firm, today announced that Thomas J. Friel, Chairman and Chief Executive Officer (CEO), will transition out of the role of CEO. A committee of the company's Board of
Directors has begun the search process for Friel's successor, in accordance with the company's succession plan. Friel will serve as an advisor to the search committee and will continue as Chairman and CEO until a successor is selected....Monster (MNST),
announced the appointment of Andrew Miller as Senior Vice President, Monster North America. In his new role, Mr. Miller will be responsible for further developing and implementing the business strategy for the company's Enterprise operations and Monster Government Solutions. Mr. Miller brings more than 25
years management and sales experience to the company, having most recently served as CEO of TANDBERG, a $345 million video communications solutions company based in Oslo, Norway and New York, NY.....
You Should Know:
Canada:
Chamber Jobstores make hiring easy
In its first year of operation the B.C. Chamber of Commerce Jobstores.com website now boasts 2,000 job postings and over 1,000 registered job seekers. This free, user-friendly website lists thousands of jobs across B.C. and it's easy to use for both seekers and employers. With one click of a button you can
quickly scan the site to either list jobs or post applications. (Nanaimo News)
Global:
Candidate Assessment Methods
Shhh!. It's our little secret; the fact that many of the tools used in the hiring process cannot predict success on the job. But maybe it's also a general lack of faith in assessment tools. One that is derived from not knowing the relationship between each assessment tool and performance on the job. It's an
old adage, but a true one; what gets measured, gets done. So if you don't know the value of the metrics for the assessment tools you are using, how can you be sure you are doing the right thing?. (OnRec) Microsoft warns
business of internal espionage
A corporation's human resources department is the number one target a disgruntled worker would pick given the chance to snoop and potentially leak sensitive information. Accessing key HR data such as payroll information emerged as more of a temptation than snooping the personal profile of managers or
colleagues, says new research by Microsoft. Published yesterday, the research shows rogue employees have already made significant gains, with almost a quarter having accessed sensitive data on their company network. (ContractorUK)
UK:
Encouraging diversity awareness
Setting up diversity training and awareness sessions for partners and staff was one of the first issues addressed by the inclusivity group at Herbert Smith following its formation in 2004. Our initial enthusiasm was tempered by a confusing array of external advice on the issue, ranging from 'essential' to 'a
waste of time' and 'a necessary evil'. The firm's decision to go ahead with diversity training was based on four broader aims we thought the training could assist us in achieving:
- to give a clear and consistent internal message about the firm's commitment to inclusivity and diversity;
- to raise awareness of what inclusivity and diversity actually means and the ethical and market place dynamics driving them higher up clients' and our agendas;
- to encourage people to be sensitive about the impact of their behaviour and attitudes on those around them; and
- to ensure key decision-makers across the firm understand their roles in maintaining the firm's collegial, inclusive culture.
(Lawyer.com)
US:
Employers Hiring Fewer Workers
According to a government report on Thursday, U.S. employers hired fewer workers during April. However, the number of jobs that opened rose for the fourth straight month. April job openings stood at 4.095 million up from 4.089 million in March, according to the Labor Department's latest Job Openings and
Labor Turnover Survey (JOLTS). It was the fourth straight monthly rise. The overall job openings rate remained unchanged at 2.9 percent, also for the fourth straight month. (HeadlineNews) Five-month pilot program
allows staff to see private career counselors
The university's Training and Organizational Development office has launched a pilot program this week that will allow benefits-eligible staff to use up to $400 of their STAP (Staff Training Assistance Program) funds for visits with a private career counselor within a network established by T&OD. The network
consists of 10 independent career counselors located in the East Bay, South Bay, San Francisco and on the Peninsula. The aim of the Career Counselors Network is to increase staff retention and career mobility at Stanford by providing staff with the opportunity to receive confidential, one-on-one assistance
from a specialist, said Kathleen Sexton, manager of the Career Management Program for Stanford Staff (COMPASS). Some counselors within the network offer weekend and evening hours. (Stanford News)
Males seek nursing careers: Boswell doubles national average
Today, half of physicians nationwide are women while 6 percent of nurses are men. But the Boswell School of Nursing bucks that national trend, with more than 10 percent of students being men seeking a future in the nursing field. "Eleven percent of the nursing students at Boswell School of Nursing are men,
nearly double the national average," said Paulette Compton, Boswell School of Nursing director. "These men are becoming part of a slow-growing population of male nurses. They have discovered that nursing is an incredibly good career and more of them are entering the field every day." (NewsZap)
Strategic Staffing emphasizes giving back to communities
IT consultants are leaders for charity
Most successful entrepreneurs will tell you it takes drive and determination to grow a successful business. And in the case of Cindy Pasky and Paul Huxley -- the Detroit couple who run Strategic Staffing Solutions (S3), which provides information technology consulting services -- part of their formula for
success has also included giving back to communities where they operate. (Detroit Free Press)
U.S. firms adapt too slowly for new markets
Many U.S. companies are reporting record profits these days. But it may not last. At least that's what a recent survey seems to suggest, noting that U.S. companies have been slow to adjust to the needs of fast-paced and increasingly internationalized markets. "Looking at the business from a rearview mirror is
still very much the vantage point of most companies," warns the report released today by the Business Performance Management Forum, an industry group that represents over 1,000 companies from across the globe. According to the report, which surveyed more than 300 large U.S. companies, such as Pfizer and
Deloitte, executives are widely dissatisfied with the ability of their firms to assimilate to new markets, exploit new revenue opportunities, meet customers' changing needs, and react to competitive pressures. (USNews and World Report)
Deep Release:
ERI Economic Research Institute and CareerJournal.com Report a 41.3 Percent Rise in Executive Compensation
Total cash compensation for the highest-paid executives in America rose 41.3% higher than 2005 levels, according to the Total Cash Compensation Report released by ERI Economic Research Institute and CareerJournal.com, The Wall Street Journal's executive career guide. The Total Cash Compensation Index reflects
data submitted for a randomly (among monthly reporting dates) selected group of 45 publicly traded companies among those reporting compensation to the Securities and Exchange Commission.
The new May 2006 report shows while base pay decreased slightly, the average total cash compensation per executive set a new high of $5,162,298. The previous second-period high of $3,683,131 total cash compensation was set in 2001, prior to September 11.
Base Salaries
The average base salary for the highest-paid executives and based on companies reporting year to date stood at $1,276,371, compared to 2005 base salary levels of $1,277,944. This reflects a 0.12% decrease in base compensation over 2005.
Annual Bonus
Annual cash bonuses increased 63% over 2005 for the highest-paid executives. The average annual cash bonus stood at $3,885,927, compared to the 2005 annual cash bonus level of $2,375,615 for the highest-paid executives.
Total Cash Compensation
The 2006 average total cash compensation (base + bonus) was $5,162,298 compared to 2005 total cash compensation of $3,653,559 for the highest-paid executives. This reflects a 41.3% increase in total cash compensation over 2005 levels.
Total Cash Compensation Change Since 1997
The May 2006 Index of Total Cash Compensation stood at 212.5 compared to the 1997 index level of 100. Since 1997, total cash compensation for the highest-paid executives has increased 112.5%.
Revenue Change Since 1997
The Average Company Revenue Index in the May 2006 report stood at 207.2 compared to 100 for the base index year of 1997. Since 1997, average company revenues have increased 107.2%. The May 2006 report also shows total cash compensation increasing faster than company revenues.
"Company revenues have increased 107.2 percent, while total cash compensation has increased 112.5% since 1997," says ERI Director Dr. David Thomsen. "The trend of company revenues increasing faster than total executive compensation has reversed."
The entire ERI Economic Research Institute/CareerJournal.com Executive Cash Compensation Index and Report can be found at: http://www.erieri.com/pdf/may-2006-executive-pay.xls . Data is based on companies reporting for the second period of
2006. This average "comparables" group is from the population of publicly traded corporations, which in itself has been decreasing in size (after Sarbanes-Oxley).
About CareerJournal.com
CareerJournal.com is The Wall Street Journal's award-winning career site targeted to executives, managers and professionals.
About ERI
ERI Economic Research Institute is a leader in compensation and job content information. Based in Redmond, Washington, ERI provides salary survey and cost-of-living research reports and software to 10,000 worldwide organizations. With information gathered from online surveys and an extensive survey
library, ERI's staff of 50 provides subscribers with data including assessments on salary, relocation, cost of living and executive compensation. ERI's compensation databases contain 20 years of collected data. This data is used by subscribers to analyze salary ranges, set competitive pay, research salary
survey and geographic pay, establish relocation allowances, determine merit increases, prepare CEO and other executive compensation reports, and assess nonprofit salaries. ERI's data covers the United States, Canada, the United Kingdom and other countries throughout Europe. ERI's industry-leading Executive
Compensation Assessor software was used in the calculation of the Total Cash Compensation Index. This executive compensation database is one of several ERI products and services available to help corporate boards -- both for-profit and non-profit -- comply with federal and state regulations concerning
executive compensation.
Coming Soon:
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OnRec
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Queen Elizabeth II Conference
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June 20
Westminster, London
contact:
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2006
EREC
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London,
UK
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AESC Maximize Your Research Skills with BlueSteps
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11 AM EST
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SHRM's 2006 Annual
Conference & Exposition
June
25-28
Washington, D.C.
$1,350
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Nat'l Assn for Health Care Recruitment
IMAGE 2006
July 10-15, 2006
Boston Marriott Copley Place
$950
Full Brochure (pdf) |
American Strategicc Management Institute (ASMI)
Talent Management Summit
July 24-26
Boston, MA
$1995
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OnRec Expo 2006
12-13 September 2006
Donald E. Stephens Convention
Center
Chicago
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ER Expo Fall Conference
September 12 - 14
Hollywood Beach, FL
$1,495
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NAPEO Professional Employer & Marketplace 2006
September 11-13
Boca Raton Resort & Club
Boca Raton, FL
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AESC Researchers & Associates Summit
September 21st, 2006
Tate Modern
Bankside
London, United Kingdom
email cdavies@aesc.org for more info |
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
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Nat'l Association of Personnel Services (NAPS)
Recruiting Life
Oct 11-15
San Francisco, CA
$999
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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
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HR.com's Employers of Excellence 2006
October 25 - 27,
2006
Red Rock Resort
Las Vegas, Nevada
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Kennedy Information presents
Recruiting 2006
New York City, NY
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