Reveille & Hyperbole
The Guardian reports that Switzerland-based staffing group Adecco, has made a bid approach to recruitment consultancy firm Michael Page, sending Pages's shares up 32 percent. Buying Michael Page would boost Adecco's presence in higher-margin professional and permanent staffing, extend its geographic reach and cut costs, analysts said.
moneybackjobs pays its users for referring others and also pays a user something akin to a signing bonus if a job is gotten. moneybackjobs offers incentives to employers, also, giving them something of a signing bonus for landing new employees, and special benefits for exclusive listings with their site.
Beyond.com, Inc, niche career network, released Second Quarter 2008 Career Trend Analysis and Industry Outlook Reports, which shows that employers have slowed hiring, leading to an 11-percent decline in the number of online jobs posted in Q2 2008. The industry with the largest percentage decrease was Management & Business (-3.41%). Although this industry often ranks among the top industries for jobs, it has fallen below the top ten industries for the first time in two years. Other industries that experienced large declines were Accounting & Finance (-0.91%) and Engineering & Architecture (-0.21%).
The Carter Group, LLC, a global
Retained Executive Search and Management Consulting firm headquartered in
Mobile, AL, opens an office in the Chicago area.
The Conference Board Employment Trends Index continued a year-long decline in July, suggesting even more softening to come in the labor market. The index fell in July to 112.1, down 0.9 percent from June's revised figure of 113.1, and down more than 7.5 percent from July 2007.
Staffing Solutions Enterprises gets a facelift and launches its new interactive website, designed to be more user-friendly for clients, job seekers and employees. The SSE Time Connect feature allows employees to submit and track hours in real time and clients the ability to approve and access employee timesheets and more.
The SAP-Oracle saga continues . . . meanwhile, SAP customers are struggling. SAP announce that it was shuttering TomorrowNow, the third-party provider of technology support that was responsible for Oracle's charges, and informed all SAP customers that maintenance costs would increase from 17 percent to 22 percent of license fees.
Survey Says
With average executive tenure falling to a new low of 3.2 years, a recent survey conducted by ExecuNet, reveals that companies are turning to higher salaries and non-compete agreements to first attract and then retain C-level executives in an increasingly competitive marketplace. According to the survey of 1,098 business leaders, executive compensation increased 5.7% during the last year, and is expected to grow an additional 6.2% during the next twelve months. While the annual compensation of C-Suite executives averaged $206,000, salaries varied significantly according to function. A second separate survey of 718 search firm and corporate recruiters reveals that companies are increasingly relying on non compete agreements, guaranteed severance, and stock options in an effort to attract and hold on to top talent.
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