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The conference was a gathering of institutional
investors who viewed a series of about fifty company presentations. Since the
audience was market oriented, the usual falderall, smoke and mirrors that you'd
expect at a trade show was missing. Instead, the presenters focused on the
business issues they tackle each day, current performance and plan for the
future. Baird has, quite cleverly, integrated business
services (there was a company that distributed maintenance parts) and the usual
suspect in HCM. Staffing firms, temporary companies, outsourcing players,
testing centralizers, paycheck administrators, and executive search firms all
took their moment in the limelight. The comparison between the two camps was
inevitable. All of the business services companies have made their money on
supply optimization. None of the HR companies seemed to have considered the
question. These were almost all publicly traded firms. The recession had each
and every one of them focused on thrift and incremental improvements. There were some stunning surprises. Behemoth
Manpower is led by an extremely articulate visionary who is profoundly
passionate about his business. TMP is led by a brilliant fireball. Outsourcing
the entire HR process is happening faster than you'd believe. Baird regularly assesses the HCM Marketplace, as
we've mentioned before: From Our September
26th Edition: The team at R.W.
Baird & Co. (an investment bank) produces a monthly map
of the Human Capital Space and an occasional industry report. Since the
demise of Perry Boyle's famous Labor Daze, this is the best investment oriented
look at the business. In particular, take a look at their map of the critical
companies in the industry. We're pretty sure that you can get on their monthly
mailing list by sending a note to hcm@rwbaird.com
and asking. Tell 'em we sent you. We'd like to offer public thanks for the
invitation.
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