Electronic
Recruiting
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The interbiznet Bugler
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interbiznet presents The Bugler
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October 22, 2007
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Bridget Sumser
This week we are excited to present articles by Bridget Sumser. Ms. Sumser has studied and presented material on the Multigenerational Workforce. You may recall reading her previous articles.
In 2006, Ms. Sumser presented on the Multigenerational Workforce at the OnRec Conference with John Sumser. Read more in the
Electronic Recruiting News.
Reveille and Hyperbole:
KenexaŽ (NASDAQ: KNXA), a leading provider of talent acquisition and retention solutions, announced it was recently honored with the Corporate Star Award by the Forum of Executive Women (FOEW). The Award recognizes Philadelphia area companies that have at least 25 percent or more women on their corporate boards.
Freelance Nation, LLC, a network of 119 city-specific freelance job boards and Internet Marketing service for the self-employed, announced its strategic alliance with Jobster, Inc., the online career network for the digital generation, to deliver freelance jobs and temporary employment opportunities throughout TheFreelanceNation.com North American network.
San Francisco, D.C., San Diego Cited as Best Job Markets for High-End Execs
Odds are if you're an employer doing business along the Atlantic or Pacific Coast, you're having to dig deep into your compensation coffer to attract white-collar workers, according to the third-quarter Executive Job Market Trends report, put out by New York-based job board TheLadders.com.
Saba Software announced that it has achieved SAP NetWeaver platform-based portal integration for Saba Enterprise Suite 5.4, earning "Certified for SAP NetWeaver" status from SAP AG.
You Should Know:
India:
In the biggest ever outsourcing deal won by an Indian firm, software leader Tata Consultancy Services (TCS) said it has secured a $1.2 bn global contract spread over 10 years from Dutch media and market information provider The Nielsen Company, a market-leading information and media company. (The Economic Times)
USA:
Outsourcing government - The administration's overuse of contractors -- abroad and at home -- is leaving the public sector unable to perform its most basic functions.
'We didn't want to get stuck with a lemon." That's what Homeland Security Secretary Michael Chertoff said to a House committee last month. He was referring to the "virtual fence" planned for the U.S. borders with Mexico and Canada. If the entire project goes as badly as the 28-mile prototype, it could turn out to be one of the most expensive lemons in history, projected to cost $8 billion by 2011. (LAtimes.com, Naomi Klein, author of "The Shock Doctrine: The Rise of Disaster Capitalism.")
Europe:
The report "Eastern Europe ICT and Outsourcing Market (2007-2011)
" by RNCOS provides extensive research and rational analysis on the IT&C industry.
It underlines the issues related to the success of the industry and provides a prudent analysis on its various aspects. The report present a comprehensive overview of the past and current performance of the IT industry including software, hardware and services industry of Russia, Romania, Hungary, the Czech Republic, Bulgaria, Ukraine, Poland, and Slovakia. (PRlog.org)
Survey Says:
FlexJobs Highlights New Poll Linking Telecommuting with Job Satisfaction
FlexJobs, the foremost site for telecommuting and flextime job opportunities internationally, proudly announces the results of a new nationwide poll finding that workers who telecommute from home or elsewhere report the highest levels of satisfaction with their jobs and loyalty to their employers. In the poll of about 10,000 U.S. workers, 73% of remote and home-based workers said they were satisfied with their company as a place to work, compared with 64% of office workers. In addition, 70% of the telecommuters said they were "proud to tell people I work for my company," while only 64% of office workers agreed with that statement, according to a study preformed by Kenexa Research Institute.
FlexJobs, the foremost site for telecommuting and flextime job opportunities internationally, proudly announces the results of a new nationwide poll finding that workers who telecommute from home or elsewhere report the highest levels of satisfaction with their jobs and loyalty to their employers. In the poll of about 10,000 U.S. workers, 73% of remote and home-based workers said they were satisfied with their company as a place to work, compared with 64% of office workers. In addition, 70% of the telecommuters said they were "proud to tell people I work for my company," while only 64% of office workers agreed with that statement, according to a study preformed by Kenexa Research Institute.
"These statistics prove there is an undeniable relationship between professional success and personal fulfillment. Companies increase their own productivity, while also retaining key employees, by offering jobs that embrace flextime and telecommuting. FlexJobs is the best and most comprehensive resource for businesses that seek to hire talented professionals in this arena," said Sara Sutton Fell, CEO of FlexJobs. "Telecommuting enables employees to better manage various responsibilities, which additionally furthers a sense of trust and confidence between management and workers. The high levels of job satisfaction that ensue from this arrangement are part of ongoing trend that promises to make telecommuting and flextime key features of any successful enterprise."
Flexibility Equals Respect
Companies that institute widespread telecommuting and flextime opportunities are both wise and respectful. "Employers who institute these policies have genuine confidence in their workers, which is at the heart of corporate longevity and achievement. Besides compensation, employees want businesses to appreciate their contributions and personal needs. A flexible work environment is the clearest expression of that confidence," declared Ms. Fell.
About FlexJobs
Networked among companies and workers worldwide, FlexJobs is the premier resource for telecommuting, flextime, and international job opportunities. The site complements the needs of employers interested in, or who already have, a flexible work environment, pairing them with skilled professionals throughout the world. FlexJobs is a cost effective way for companies to increase productivity and locate the best available talent.
Deep Release:
U.S. Demand for Outsourcing Slows Down
The total contract value of outsourcing contracts signed in the third quarter of 2007 was down 16 percent, with the actual value of the contracts signed shrinking as well, according to outsourcing adviser TPI. At the heart of the decline: the slowing pace of contract awards in the U.S. TPI's numbers show that U.S. companies are also keeping a lid on outsourcing growth, with new scope down 50 percent from last year.
Conversely, Europe and Asia are showing growth in outsourcing deals year over year, with Europe accounting for more than a 50 percent share of global market deals. New scope is up 36 percent in Europe and 72 percent in Asia Pacific, according to TPI. Competitor EquaTerra also found that outsourcing growth was strongest in the Europe/Middle East/Africa geography.
Almost as many Global 500 companies are inking outsourcing deals in the U.S. and Europe (43 percent of leading U.S. companies and 52 percent of leading European companies), says TPI. It's just that the American deals are smaller.
Mega-deals-those once popular billion-dollar-plus behemoths-are still getting signed (by General Motors, Johnson & Johnson, Credit Suisse, Reuters and the U.K. Post Office, among others). They're just getting less "mega." The average size of the billion-plus contract in the first quarter of last year was US$9.6 billion. In the third quarter of 2007, it was down to $2.4 billion, TPI reports.
Major India-based vendors have seen their U.S. customer revenue increase 37 percent, despite the slowdown in overall outsourcing in the Americas, says TPI, adding that "the latter exemplifies the diversity in the global outsourcing industry as well as India's expanding influence and strength." Meanwhile, EquaTerra's third-quarter survey revealed increasing interest in offshoring outside of India. Wage inflation, U.S. dollar weakness and changing buyer demands are driving the expansion of delivery centers in China, Central and South America, and Central and Eastern Europe, EquaTerra notes.
Business process outsourcing (BPO) analyst firm Nelson Hall says the BPO market is hot, with year-over-year total contract value growth of 26 percent in the third quarter and 54 percent growth during the first nine months of the year. TPI characterized global BPO growth as "sluggish." But both TPI and Nelson Hall's reports agreed that BPO contract activity was strongest in North America.
PCWorld, Stephanie Overby, CIO
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