According to the most recent Executive Quiz released by The Korn/Ferry Institute, a long-term increase in the demand for talent is predicted. More than three quarters (77 percent) of respondents feel the demand for talent will increase more over the next 5 years than it did during the previous 5 years. Nearly half (45 percent) say the demand will increase "significantly." Only 13 percent feel the demand for talent will decrease relative to the past 5 years.
Top bank executives could get salary buzzcuts under President Barack Obama's proposal to cap salaries at $500,000 at institutions receiving emergency bailout money from the federal government. Thanks to istockanalyst.com.
Sendouts, provider of staffing and recruiting software, is announcing the release of Sendouts Mobile, which gives recruiters and account managers real-time access to the Sendouts Pro application from anywhere in the world through their mobile device. Sendouts Mobile users can access candidates, companies, job orders, notes, tasks and appointments quickly and conveniently from any mobile browser.
Salary.com, Inc., provider of on-demand HRMS/payroll, compensation and talent management solutions, announced financial results for its third quarter of fiscal 2009, which ended December 31, 2008. Revenue in the third quarter was $11.0 million, an increase of 20% over the third quarter of fiscal 2008. Bookings were $14.4 million, an increase of 21% over the third quarter of fiscal 2008.
Wonderlic, Inc., provider of employee, recruiting and selection solutions, has reached an agreement to work in conjunction with talent management solutions specialist Taleo. By utilizing Taleo Passport in concert with the Wonderlic Talent Acquisition System, customers will realize the benefits of the best of both solutions to create a unified talent management system for their organization. This relationship allows Taleo customers the opportunity to drive better performance, while focusing on finding best-fit employees.
Employment and labor law firm Littler Mendelson, P.C., announced that in addition to it's Workplace Privacy Counsel, it is launching three new blogs providing frequent updates and analyses on key developments in employment and labor law. The Washington DC Employment Law Update provides information about the changes being introduced by the Obama Administration which will have an impact on employers; Global Immigration Counsel tracks developments that affect the mobile workforce, covering both U.S. immigration and global migration issues; and Wage & Hour Counsel closely monitors, tracks and reports on wage and hour legal developments, including court decisions, administrative agency opinions and new or revised requirements or regulations.
Executive recruitment and consulting firm Vaco Los Angeles LLC, has added a new line of business, Vaco Staffing, to meet the administrative, clerical accounting and customer service positions need.
SeatonCorp, a Chicago-based staffing and recruiting firm, reported that Q4 earnings increased organically 14% year-over-year, largely due to a robust portfolio of new client signings in 2008. The company also reported year-over-year revenue growth for 2008, fueled by the solid, top-line performance of two of its core operating companies PeopleScout and Staff Management.
The Kenexa Research Institute (KRI) recently examined employees' opinions of the extent to which the current economic conditions cause workers to worry about their personal financial well-being as well as intentions to delay or cancel anticipated purchases. Additionally, workers in the United States were asked about their feelings toward organizational leadership and the effectiveness of business processes at work.
Results indicate employees' feelings about their own personal financial well-being are strongly influenced by their experiences at work. Not surprisingly, an important factor influencing how employees feel about work is how effectively they feel their organizations are being led.
Workers who have unfavorable views of their leadership are much more likely to report being worried about their personal financial situation, which was found to be strongly related to stated purchasing intentions. Specifically, employees who rate their leadership unfavorably are much more likely to express concern regarding their personal financial situation compared to those who have favorable views of their leadership's effectiveness. In addition, those who rate their leadership unfavorably are twice as likely to state that they are delaying current purchases.
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Quote of the Day
"The first duty of a human being is to assume the right functional relationship to society -- more briefly, to find your real job, and do it."
- Charlotte Perkins Gilman
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The Bugler publishes recruiting industry news, featuring a Calendar of Events each Friday. Please send your company news to Polly Tasker for inclusion in The Bugler. More indepth news stories can be found in the Electronic Recruiting News.