Reveille and Hyperbole: Kenexa, a leading provider of talent acquisition and retention solutions, announced that it has been positioned in the "leaders" quadrant of Gartner, Inc.'s Magic Quadrant for E-Recruitment Software. Kenexa has two products in the leaders' quadrant due to its recent acquisition of BrassRing.
Kronos Incorporated, a leading provider of software and services that empower organizations worldwide to effectively manage their workforce, and Unicru, Inc., a leading provider of talent management solutions, announced a definitive agreement for Kronos to acquire privately held Unicru. Under the terms of the agreement, Kronos will pay approximately $150 million in cash for Unicru. Acquiring Unicru marks a significant milestone in the execution of Kronos' strategy to broaden its offerings in human capital management.
Career experts Wendy Enelow and Louise Kursmark, co-authors of Cover Letter Magic, believe next-generation job search letters are a key technique to winning interviews and zipping through the transition from one job to the next. Different from standard cover letters, next-generation letters, such as career-branding letters and reconnecting letters, are not intended to land interviews. Instead, job seekers use these types of letters to build connections with potential employers, network contacts and referrals.
Vurv (formerly Recruitmax), a global leader in technology and services for building great workforces, today announced it has once again extended its record of continuous quarterly growth. The company reported that for the quarter ending October 31, the company's recurring revenues increased 63%. This marks the 36th consecutive quarter that company has increased revenues.
You Should Know:
UK:
Building talent key to city's future
BRIGHT FUTURE: Mayor of Preston Coun Bill Tyson with staff and apprentices at the construction training centre
City education chiefs are hoping homegrown talent from a new construction training centre will help build a brighter future for Preston.
Apprentices at the state-of-the-art training centre, at Preston City Council's Argyll Road depot, will get the chance to gain much-needed qualifications in bricklaying, joinery, plastering and painting.
Bosses at the centre, a partnership between Preston City Council, Preston College and the North West Learning and Skills Council, hope those skills will be put to use in regenerating the city. (The Citizen)
US:
Spherion Employment Report: Employee Confidence Index Increases for Third Consecutive Month, Reaching Highest Level Since 2004
Employee Confidence Index Rises 0.9 Points in November
More Workers Optimistic About Strength of Economy and Job Availability
Nearly Four in 10 Workers Plan to Change Jobs in Next Year
Fueled by a more optimistic outlook on the strength of the economy and number of jobs available, U.S. workers' confidence hit new highs in November, according to a recent survey of 3,654 adults. The Spherion® Employee Confidence Index, a monthly gauge of overall worker confidence, climbed 0.9 points to 60.1 in November, the third consecutive monthly increase. The survey, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE: SFN - News), shows that 66 percent of workers believe the economy is strengthening or stabilized, compared to 63 percent in October and 29 percent believe more jobs are available, versus 27 percent in October. (Yahoo Business)
Deep Release:
Leading Companies Rank Compliance as Their Top Challenge
Workforce survey conducted at Workbrain's Velocity user conference reveals insights into current and future industry direction
Workbrain Corporation (TSX:WB) today announced the results of a survey it conducted during Velocity 2006, its annual client and partner conference. The Velocity 2006 conference is regarded as a leading forum to discuss the unique issues facing organizations with large or complex workforces. Fortune 1000 companies in a variety of industries, collectively employing over eight million employees, attended the conference and completed a workforce survey, providing valuable insight into their current and future business challenges.
Compliance Top Challenge
When asked to rank their current workforce challenges, respondents pegged compliance with wage and hour regulations as their number one issue. Over one quarter of respondents ranked compliance higher than other workforce challenges such as improving employee satisfaction, optimizing the use of skilled workers or attracting and retaining staff. (Question 8)
The survey results echo the theme of Velocity's keynote session, delivered by Open Compliance and Ethics Group President and CEO Scott Mitchell. Mr. Mitchell provided attendees with the results of the third annual Litigation Trends Survey Findings by Fulbright & Jaworski L.L.P., which indicated that 44% of companies in North America reported an increase in their regulatory spending over the last three years. Mr. Mitchell also discussed how leading companies create compliance opportunities in an increasingly regulated environment.
At the same time, respondents to the Workbrain survey revealed that their organizations face a delicate balancing act to remain competitive. In ranking the challenges they feel are not being properly addressed by their organization, respondents equally ranked staff optimization, attracting and retaining staff, reducing payroll costs and improving employee satisfaction in their list of other concerns. (Question 10)
Operational Workforce Issues Dominate
Yet respondents did agree that operational workforce issues were the most pressing to address. In identifying their workforce concerns, nearly three quarters of respondents ranked operational workforce issues as their top three priorities. Respondents listed hour and wage compliance, worker optimization and a reduction of payroll costs as their biggest pain points. (Question 8)
"The survey confirms what we've seen with our clients and prospects; while organizations must balance a number of workforce issues, operational issues that affect workforce performance remain the most pressing," said Tony Marzulli, Workbrain's Senior Vice President of Products and Marketing. "Companies continue to be very focused on accelerating the performance of the workforce they have – through optimization, improved regulatory compliance and minimized payroll costs."
About Workbrain Workbrain provides the most widely deployed web-based workforce management solution for large enterprises. The company is the only provider of Total Workforce Management that helps organizations plan, deploy, and manage their workforce to reduce costs, increase sales, and boost employee satisfaction. Clients such as British Airways, General Mills, Target Corporation, and Lifespan choose Workbrain's industry-focused workforce management solutions to integrate workforce planning, labor forecasting, workforce scheduling, time and attendance, and workforce analytics on a single platform. For more information, please visit www.workbrain.com.
Forward-Looking Statements
This news release contains forward-looking statements which are not historical facts, but are based on certain assumptions and reflect Workbrain's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Workbrain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Workbrain is a trademark of Workbrain, Inc. All other product or company names mentioned are the property of their respective owners.
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