It's Official ...
Congratulations to President-elect Barack Obama and Vice President-elect Joseph Biden on their decisive victory.
Reveille & Hyperbole
Talent services firm PrincetonOne, one of the 10 largest recruitment organizations in the United Sates, released a new white paper focused on Generation Y in the workplace. Understanding Generation Y: What You Need to Know About the Millennials examines the top five myths and attributes and provides practical tips and advice concerning the management, recruitment and retention of the workforce's newest entrants.
Employers Holdings, Inc., a Nevada-based company, whose subsidiaries are specialty providers of workers' compensation insurance, completes the acquisition of AmCOMP Incorporated in a transaction valued at approximately $223.5 million. The acquisition expands Employers' workers' compensation insurance operations to 29 states and 17 branch offices.
Talent Management solutions provider SilkRoad Technology, has acquired VTN Technologies, Inc., the software-based training innovation firm known for its Olé™ (Online Learning Environment). Financial terms of the transaction were not disclosed.
Job search engine Simply Hired, the most comprehensive job search engine, announced a partnership with DirectEmployers Association, a non-profit group of leading U.S. corporations, to provide both job seekers and member companies with additional services for improving web recruiting and job search.
Detroit-based publisher Crain Communications Inc. (Detroit-based Crain Communications, Inc, acquires privately-held Staffing Industry Analysts, Inc., provider of research and analysis covering the contingent workforce.
CyberShift, global provider of workforce management and expense management software and services, has been included in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 26th year. CyberShift joins the list for the first time at number 321.
Verifications, Inc., provider of global employment screening and onboarding solutions, has once again been named one of the 50 fastest-growing, privately-held companies in the Minneapolis-St. Paul metro area by the Business Journal. The company was honored with an award by the Minneapolis-based Business Journal on October 23rd. This marks the sixth time Verifications has been named to the Business Journal Fast 50.
InDepth
Infohrm, specialists in workforce planning, reporting, and analytics solutions, releases its thought leadership survey The Workforce Planning Advantage: Findings and Implications From a Global Survey of HR Practitioners. Featuring data from more 320 organizations, the survey investigates how business leaders use long-range human capital forecasts to derive competitive advantage, build stronger relationships between HR and line management, and calculate the true value of workforce planning to organization.
The results were released as part of Infohrm's recent Workforce Analytics & Planning Conference, held in Washington, DC. The results of the survey illustrate that progressive organizations are using workforce planning to drive near-term competitive advantage while simultaneously preparing for the future economic environment. Key findings include:
--With 94 percent of organizations currently conducting, or intending to implement, a workforce planning process, skilled workforce planning staff will be in high demand;
--Only 4 percent of respondents are able to calculate the return-on-investment of workforce planning, suggesting that a significant opportunity exists for HR to translate long-range plans into financial measures of success;
--Workforce planning offers the greatest competitive advantage when owned by the business, rather than HR.
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