The latest update on the unsolicited offer Workstream Inc. received from an unnamed US-based payroll business is that the parties have been working towards a definitive agreement to merge the two entities and have extended the term of their letter of intent. Workstream's net losses in its last fiscal year were $13.8 million, on revenues of $29.3 million, and the company's market capitalization was about $35 million before the announcement.
Reuters
reports that there are no sign that the job picture is getting worse.
Profiles International, providing a comprehensive suite of employment assessments and talent management solutions, announces the immediate availability of their new Workforce Compatibility solution, a management tool used to understand and improve the unique working relationship between a manager and their employee.
The American Foundry Society launches its web-based Metalcasting Career Center to bridge the gap between metalcasting employers and job seekers. Created in partnership with JobTarget.
A recent study by The Center for Effective Organizations at the USC Marshall School of Business and Heidrick & Struggles International finds that about one in three directors that that CEO pay is "too high in most cases. The survey also found widespread unhappiness among directors regarding disclosure rules about executive compensation mandated by the U.S. Securities and Exchange Commission.