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The interbiznet Bugler
interbiznet presents The Bugler
October 30, 2008

The Wind is Blowing, The Recruiting Industry is Strong
We have met a great group of people that are here to learn about their trade or sell their wares. Both groups are passionate about their work.

See a video of a ERE Expo attendee, Kristen Nevils, CEO of HR Broker Inc.

Reveille & Hyperbole
While the business climate may change, the search for critical talent continues to pose challenges. Finding quality sources for candidates remains the number one talent acquisition pain point among recruiting decision-makers according to a recent survey by The Newman Group, a talent management consulting leader and part of Futurestep, a Korn/Ferry Company. The report is based on the survey, Talent Acquisition 2008: Survey and Analysis of the Changing Recruiting Landscape.

Arbita, a provider of recruitment marketing technology, media and services, introduces their new consulting and education group Consulting and Education Services (ACES). ACES provides a range of consulting services aimed at helping companies connect with the best talent on the Internet. The consulting group will operate independently of the technology and media groups, allowing ACES to deliver consulting and education services beyond the existing Arbita customer base.

Average salary increases for fiscal year 2008 and increases planned for 2009 are consistent with plans developed last year, despite current economic uncertainty, finds a Buck Consultants survey. Buck's annual survey of U.S. employers, "Compensation Planning for 2009," indicates average salary increases for 2009 range from 3.8 percent for non-exempt and non-management professionals to 4.0 percent for executives to 4.1 percent for CEOs.

Safety Equipment Industry JobBase, from the International Safety Equipment Association, is an newly launched online, interactive job board. With its focus on safety equipment industry companies and professionals, it offers job seekers, ISEA member companies, and the safety equipment industry at large an easy-to-use and highly targeted resource for online employment connections.

eQuest, job posting and Internet recruitment management services site, has been selected by Allianz SE to implement the international rollout of its job posting platform through SAP's E-Recruiting program provided by AspireHR. Allianz SE is an international financial services provider in insurance, banking and asset management company.

Who is Suing Who
The National Law Journal, reports that JPMorgan Chase Bank is suing an executive search agency IDW Group for allegedly poaching several of its employees, including a top executive, and sending them to a competitor.

According to a complaint filed on Thursday in the Southern District of New York, The IDW Group "induced, recruited and enticed multiple JPMorgan employees to leave JPMorgan for positions elsewhere." JPMorgan Chase Bank v. The IDW Group, No. 08 CV 9116 (S.D.N.Y.). In particular, IDW is accused of recruiting Patrik Edsparr, one of JPMorgan Chase's most senior and valued executives, to join Citadel Investment Group. Edsparr now serves as Citadel's chief executive officer for Europe and head of global fixed income businesses.

According to the complaint, between January and March, IDW arranged multiple meetings between Edsparr and Citadel's senior management, including the chief executive officer, to entice him to leave JPMorgan and come and work for Citadel. In March, Edsparr announced his resignation to join Citadel.

JPMorgan now alleges, in the lawsuit, that IDW failed to inform JPMorgan that it had been retained by Citadel to recruit Edsparr on Citadel's behalf. IDW also "failed to refrain from accepting direct overtures from JPMorgan employees" to help them get jobs elsewhere.

Last year, IDW signed four agreements with JPMorgan Chase to provide the company with management and executive search services, court records show. IDW is being sued for breach of contract, and allegedly misusing confidential and proprietary information provided by JPMorgan to IDW. Company officials at IDW declined comment.

Talent Management Report
New Research Study from Hewitt and the Human Capital Institute Reveals Lack of Accountability and Capability as Key Talent Management Challenges

Companies Recognize Growing Importance of Talent Management, But Barriers to Consistent Execution Still Exist

A new research study by Hewitt Associates, a global human resources consulting and outsourcing company, and the Human Capital Institute (HCI), reveals that while a growing number of companies have made significant progress in managing talent, most are still struggling to build the capabilities necessary to consistently execute their talent management programs.

"The State of Talent Management: Today's Challenges, Tomorrow's Opportunities," a comprehensive study of 700 senior-level talent leaders, reveals that 92 percent of business leaders recognize superior talent as providing a vital competitive advantage. Despite this, the study shows a key gap in talent management execution, particularly around lack of accountability. In fact, few organizations consistently hold managers (7 percent) or senior executives (10 percent) accountable for developing their direct reports through performance management processes.



Lack of accountability is just one of the hurdles to today's talent management efforts. The study identifies four additional challenges to well-executed talent management programs:

Gaps in talent development capabilities: Only 5 percent of organizations report having the managerial capability to grow people in their jobs or provide feedback to support employee development consistently across the organization.

Lack of alignment between human capital and business strategy: While human capital is viewed as important, only 17 percent of respondents indicate their workforce strategy is consistently aligned with their business strategy across the organization.

Inconsistent execution of talent programs: Most companies have fundamental talent management processes in place, such as workforce planning, high-potential development programs and succession planning. However, few consistently execute these programs across the entire organization.

Limited use of meaningful analytics: Most organizations track traditional workforce measures, such as headcount, turnover and cost-based metrics, but few have graduated to tracking the metrics that matter. A mere 10 percent of companies consistently measure the effectiveness of talent management programs and even fewer (7 percent) consistently use quantitative frameworks to align human capital investments with their business strategy.

Despite these challenges, Hewitt and HCI found that some organizations are making significant strides in managing talent and have differentiated themselves in the following ways:

Depth and consistency of practices: These companies have effectively institutionalized specific talent management programs-such as conducting talent reviews, performing succession planning, and improving manager ability to develop employees-and are applying these programs more deeply and broadly into their organizations.

Higher commitment for talent development: Successful companies view talent management as a shared business and HR responsibility and require active engagement, commitment and accountability from leaders and managers.

Progressive and innovative practices: Some organizations are introducing new and innovative ways of managing talent, including progressive approaches to workforce planning and more effective employer branding strategies. While still an emerging trend, a growing number of companies are also using predictive analytics to guide human capital decision-making and business alignment.

"Organizations striving to improve their talent management practices have to start by acknowledging challenges," says Allan Schweyer, Executive Director of HCI. "This report will help companies understand those challenges, and re-prioritize their human capital initiatives accordingly."

A full copy of "The State of Talent Management: Today's Challenges, Tomorrow's Opportunities" is available to interested members of the media.

ABOUT HEWITT ASSOCIATES
For more than 65 years, Hewitt Associates (NYSE: HEW - News) has provided clients with best-in-class human resources consulting and outsourcing services. Hewitt consults with more than 3,000 large and mid-size companies around the globe to develop and implement HR business strategies covering retirement, financial and health management; compensation and total rewards; and performance, talent and change management. As a market leader in benefits administration, Hewitt delivers health care and retirement programs to millions of participants and retirees, on behalf of more than 300 organizations worldwide. In addition, more than 30 clients rely on Hewitt to provide a broader range of human resources business process outsourcing services to nearly a million client employees. Located in 33 countries, Hewitt employs approximately 23,000 associates. For more information, please visit www.hewitt.com

ABOUT THE HUMAN CAPITAL INSTITUTE
Human Capital Institute (HCI) is a catalyst for innovative new thinking in talent acquisition, development, and deployment. Through research and collaboration, our programs collect original, creative ideas from a field of executives, HR practitioners, and the brightest thought leaders in strategic talent management. Those ideas are then transformed into measurable, real-world strategies that help our members attract and retain the best talent, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. www.humancapitalinstitute.org

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TopUSAJobs.com: Guide to Top Specialty Boards
Where Top Candidates Seek Career Opportunities
Accounting / Finance JobsintheMoney.com
Call Center CallCenterJobs.com
Construction ConstructionJobs.com
Consumer Packaged Goods CPGjoblist.com
Drivers / Trucking JobsInTrucks.com
Enviro/Occup. Health & Safety EHSCareers.com
Executive RiteSite.com
Executive NETSHARE.com
Financial Services BrokerHunter.com
Health / Medical HealthJobsUSA.com
Hispanic / Bilingual Hispanic Jobs
Logistics JobsInLogistics.com
Manufacturing JobsInManufacturing.com
Retail AllRetailJobs.com
Tax Specialists TaxTalent.com
Telecom / Wireless TelecomCareers.net
For more Specialty Boards, visit:
The
Employer's Corner on TopUSAJobs.com
marketing@TopUSAJobs.com



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