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April 15, 2009 |
Quote of the Day
"If you can't explain it simply, you don't understand it well enough"
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Albert Einstein
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Growing Number of Mid-Market Clients Adopting Full Talent Platform
- Mid-sized Businesses Cite the Talent Platform's Cost Effectiveness and Long-Term Value as Key Factors in their Decision Making Process -
iCIMS, a leading Software-as-a-Service (SaaS) provider of talent management solutions, announced the rising trend of the company's mid-market clients adopting the Talent Platform's wide breadth of pre- and post-hire solutions. (read more)
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From the BLS
THE EMPLOYMENT SITUATION: MARCH 2009
Nonfarm payroll employment continued to decline sharply in March (-663,000),
and the unemployment rate rose from 8.1 to 8.5 percent, the Bureau of Labor
Statistics of the U.S. Department of Labor reported. Since the recession
began in December 2007, 5.1 million jobs have been lost, with almost two-thirds
(3.3 million) of the decrease occurring in the last 5 months. In March, job
losses were large and widespread across the major industry sectors.
In The News
Cornerstone OnDemand Inc. announced that Kelly Services, a world leader in workforce management services and human resources solutions, is deploying Cornerstone's integrated learning and talent management software suite to nearly 659,000 employees worldwide, including temporary professional employees and full-time employees. Cornerstone estimates it is the largest global implementation to date of a Software-as-a-Service (SaaS) application. Kelly Services will use the suite – including platforms for onboarding, learning, performance, succession, compensation and extended enterprise – to manage and develop its temporary and full-time employees on a global basis.
The Conference Board Reports Online Job Demand Down 100,000 in March
Job demand drops 100,000 in March after dipping only 6,600 in February
February and March losses slow significantly from the sharp 1 million loss in December and January
Historical data for May 2005 through July 2007 have been revised
Outlook: March's numbers are evidence that the downturn in the labor market has not reversed yet (read more)
In Depth
Kronos Fills Time and Attendance Gap Left by ERPs in Local Government
Recognizing the inherent deficiencies of time and labor products offered by ERPs, local government entities are increasingly turning to Kronos Incorporated to control labor costs, minimize compliance risk, and improve workforce productivity.
News Facts
Local governments are finding that rudimentary time and labor products offered by ERP vendors are unable to meet their requirements. ERP solutions that rely on custom code and scripting languages take longer and are more expensive to implement and maintain. They also waste employees' and managers' valuable time by forcing them to live with sub-standard functionality.
Time and attendance data collection is a common weak point in any government infrastructure, one that usually escapes detection and can leak hundreds of thousands, even millions, of dollars each year. Considering that labor costs represent one of the largest expenses for local governments, time and attendance data collection is a great place to look for quick payback.
Local governments such as the City of Atlanta (Ga.), City of Dayton (Ohio), City of Denver (Colo.), City of El Paso (Texas), City of Ontario (Calif.), and City of Stamford (Conn.) use Kronos time and attendance solutions to extend the value of their ERP investment.
Survey Says ...
WATSON WYATT SURVEY FINDS COMPANIES SEE FEWER SALES FORCE REDUCTIONS IN 2009
Other Cost-Cutting Measures to Ease as Companies Look to Grow Revenue
The number of employers planning to reduce their sales forces or use other short-term cost-cutting measures over the next several months is expected to decline, according to a survey by Watson Wyatt, a leading global consulting firm. Instead, employers will be looking at ways to manage costs, grow revenues and position themselves for when the economy recovers.
The Watson Wyatt survey, conducted in February 2009, found that only two of 10 companies (21 percent) plan to reduce sales headcount this year, a sharp decline from the 53 percent that did so done so earlier this winter. Additionally, just two of 10 of companies plan to introduce or expand special incentives (SPIFFs) or contests to energize sales, compared with 42 percent previously. The survey also found a similar decline in the number of employers planning to lower sales goals and quotas, or modify sales professionals' territories. The survey was based on responses from sales and HR executives at 91 large U.S. companies. (read more)
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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.
Organizations to Support
Kuwesa HIV Widows Project in Kenya (Kuwesa Jackets and details for ordering your jacket.)
The Inspired Art Project March Event in San Francisco a huge success.
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