|October 20, 2010|
In The News
eQuest unveiled its latest HR online product specifically designed for staffing agencies, franchised operations, retail stores, hotels, and small and medium sized businesses. (read more)
The National Association of Professional Background Screeners (NAPBS) Background Screening Credentialing Council (BSCC) announced that
Employment Screening Resources/
(ESR) has successfully proved compliance with the Background Screening Agency Accreditation Program (BSAAP) and will now be formally recognized as BSCC Accredited.
ZoomInfo, a leading provider of continuously updated information about businesses and employees, announced a free test drive of ZoomInfo Pro, the company's flagship software-as-a-service offering that provides advanced searching, exporting and alerting tools across a vast collection of business information updated 24/7.
G5, the largest and fastest growing provider of vertical-specific Local Marketing Solutions for mid-market companies, was ranked No. 7 in the Portland Business Journal 2010 list of Healthiest Employers in Oregon among companies with 2-99 employees.
Prosper.com, the world's largest peer-to-peer lending marketplace with over one million members and $206 million in funded loans, has expanded its product offering to include 1-year and 5-year term loans. Prosper's product offering of one, three and five year loan terms is now the broadest available in the industry. Prosper also released peer-to-peer lending market survey statistics for September 2010.
Saba, the premier people systems provider, appointed Joan Cronin to senior vice president and chief people officer. In this newly-created position on Saba's executive team, Ms. Cronin will further Saba's efforts of using organizational empowerment to attract, develop and progress world-class people and leadership for the company. Most recently at Life Technologies, Ms. Cronin brings a wealth of human capital maximization, talent acquisition, and organizational development skills to Saba.
Volt Workforce Solutions, the staffing business unit of Volt Information Sciences, Inc. (NYSE: VOL), has received a 2010 ASA Care Award from the American Staffing Association for outstanding corporate social responsibility initiative. Volt earned an award in the large staffing firm category (firms with more than $100 million in annual sales) for its hiring initiative: "Bridging the Employment Gap for Individuals with Disabilities." This is the third consecutive year that Volt has achieved Care Award honors from ASA for developing business processes that produce an overall positive effect on society.
Survey Says ...
New Survey Reveals Extent, Impact of Information Overload on Workers;
From Boston to Beijing, Professionals Feel Overwhelmed, Demoralized
An international survey of white collar workers reveals that information overload is a remarkably widespread and growing problem among professionals around the world, and one that exacts a heavy toll in terms of productivity and employee morale.
"The good news is that employers who take the initiative and invest in customized technology, tools and training can avoid significant costs in lost productivity. In fact, businesses that really come to grips with this problem could gain a competitive advantage over companies that do not."
The survey of 1,700 white collar workers in five countries – the United States, China, South Africa, United Kingdom and Australia – found professionals in every market struggling to cope and looking to their employers for customized solutions. On average, fifty-nine percent of professionals across the five markets surveyed say that the amount of information they have to process at work has significantly increased since the economic downturn. Given the rising tide of information, it is not surprising that a majority of workers in every market (62%, on average) admit that the quality of their work suffers at times because they can't sort through the information they need fast enough. (complete survey results)
Wage Capitulation and Demand for Remedial Skills Result in Decrease in the Yoh Index of Technology Wages
As struggling employment market continues to drag down the overall American economy, the latest findings from the Yoh Index of Technology Wages, which since 2001 has been benchmarking technical wages in information technology, life sciences, engineering, health care, aerospace and defense, show that the quarter wrapped up with a 7.8 percent year over year decline in actual wages.
The Quarterly Index average of 108.57 is the lowest since September of 2006 (Figure 2). Ironically, the dip comes after the first two quarters of 2010 showed a slightly improving job market, as expressed by wage rates for skilled employees.
"We see this quarter's decline as further evidence of a sluggish recovery that continues to impact demand for skilled workers, and has forced job seekers to lower their wage expectations—even for highly skilled positions," Lori Schultz, President of Yoh. This wage capitulation, or the willingness of job seekers to accept a job offer today because they do not expect tomorrow's opportunities to hold much in the way of increased pay, was reported on extensively in Yoh's Q2 Index Report. (read more)
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