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May 1, 2008 |
Reveille & Hyperbole
Employment Cost Index: March 2008. Total compensation costs for civilian workers increased 0.7 percent from December 2007 to March 2008, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The increase for the September to December 2007 period was 0.8 percent. Wages and salaries rose 0.8 percent and benefits rose 0.6 percent. In the previous quarter, both wages and salaries and benefits increased 0.8 percent. The Employment Cost Index (ECI), a product of the National Compensation Survey, measures quarterly changes in compensation costs for civilian workers (nonfarm private industry and state and local government workers).
eQuest, a global job posting and Internet recruitment management services firm, and NAS Recruitment Communications, known for employment branding, recruitment marketing and career site development, launch a strategic partnership to offer expanded services to their respective customers.
Intelligroup Inc., a global consulting, business optimization, and outsourcing firm reported results for its first quarter ended March 31, 2008 to be revenues of $38.5 million,
which marks a slight increase from $38.3 million in the fourth quarter of 2007 and a 17.7% increase from $32.7 million in the first quarter of 2007.
Dice Holdings, Inc. reports First Quarter 2008 Results to be: Revenues grew 30% to $39.6 million; Operating income increased 128% to $10.4 million; Income from continuing operations totaled $3.8 million, or $0.06 per diluted share, including the impact of a $2.3 million non-cash, pre-tax charge related to interest rate swap agreements; Net income totaled $4.3 million; Cash flow from operations grew 66% to $23.6 million; and Adjusted EBITDA increased 43% to $16.8 million.
Executive search and leadership consulting firm Heidrick & Struggles International, Inc. reports on its financial results for the first quarter ended March 31, 2008. Consolidated net revenue of $153.1 million increased 7.0 percent from $143.1 million in the 2007 first quarter. The positive impact of changes in foreign currency exchange rates represented approximately 5 percentage points of the growth. Net revenue decreased 7.3 percent in the Americas, but increased 24.2 percent in Europe (approximately 14 percent on a constant currency basis), and increased 33.6 percent in the Asia Pacific region (approximately 22 percent on a constant currency basis). The number of confirmed executive searches was approximately 3 percent lower than in the 2007 first quarter, but increased 26 percent sequentially, compared to the 2007 fourth quarter.
Survey Says
Missing Out: New Deloitte Survey Finds Most Corporations Overlook Cost-Effective Opportunity to Unlock New Training and Development Resources. According to the fifth annual Volunteer IMPACT Survey by Deloitte, the overwhelming majority of human resource professionals view skills-based volunteerism as a powerful and cost-effective professional development tool, yet very few companies are leveraging volunteer programs for this purpose.
The national survey of Fortune 500 human resource managers found that, while training and development is perceived as vital to corporate success, many managers are laboring under shrinking or flat budgets, underscoring the need for cost-effective innovation. One solution could be found in an unlikely place - the company's volunteer program. Fully 91 percent of respondents agree that skills-based volunteering (which involves the contribution of business knowledge and experience to help nonprofits increase their capacity) would add value to training and development programs, particularly as it relates to fostering business and leadership skills. However, only 16 percent make it a regular practice to intentionally offer these opportunities for employee development, suggesting a missed opportunity to boost learning in a way that offers substantial benefits.
Calendar
May 1-2. Conference Board 2008 Leadership Development Conference. Grand Hyatt. New York City.
May 13-16. Kennedy Recruiting 2008 Conference & Expo - Real World Recruiting for Today's Workforce. Hilton, Las Vegas, NV.
May 14-15.
Staffing Leaders Exchange. Hotel Twelve. Atlanta, GA.
May 20-23. WorldatWork Conference & Exhibition. Convention Center, Philadelphia, PA.
May22. Quality of Hire - The Illusive Business Metric. From The Human Capital Institute and Pinstripe. St. Louis Marriott West.
May 31-June 4. IHRIM HRMStrategies 2008 Conference and Technology Exposition. Disney Contemporary Resort, Lake Buena Vista, FL.
June 4-6. Fordyce Forum 2008.
Flamingo Las Vegas Hotel.
June 5-6. Conference Board 2008 Leadership Development Conference. Hotel del Coronado
San Diego, CA.
June 11. Virtual Career Fair for Financial Services. 9 am - 8pm EDT. From BrokerHunter.com.
June 22-35.
SHRM Annual Conference and Exposition. Chicago, IL.
September 8-10. 2008 Staffing Industry Analysts' Healthcare Staffing Summit. Hilton San Francisco, CA.
September 9 & 10.
Online Recruitment Conference and Expo 2008. Donald E. Stevens Convention Center, Chicago, IL.
October 15-17.
HR Technology Conference and Exposition. McCormick Place, Chicago, Ill.
October 21-24.
2008 NASPP National Conference. Hilton New Orleans Riverside, New Orleans, LA
October 28-29. 2008 Staffing Industry Analysts Contingent Workforce Strategies Summit. New York Marriott at Brooklyn Bridge, New York City.
October 28-30.ERE Expo 2008 Fall. Westin Diplomat Hotel & Spa, Hollywood, FL.
November 17-19. WorldatWork Canadian Total Rewards Conference. Toronto, Ontario.
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