ADP rejects hedge fund’s proposed board nominees

ADP (NASD: ADP) unanimously voted not to nominate three proposed board candidates from hedge fund Pershing Square Capital for election at the company’s 2017 annual meeting. The provider of PEO, payroll processing and other services made the announcement today.

Pershing Square, led by Bill Ackman, had...

Paychex acquires PEO provider HR Outsourcing Holdings

Paychex Inc. announced today it acquired professional employer organization HR Outsourcing Holdings Inc., which goes by HROI. The acquired firm operates in 35 states and is based in Charlotte, NC.

“This acquisition represents Paychex’s continued focus on growth — both in revenue and in PEO solutions...

PEO Trucept reports revenue down 17% on loss of client

Trucept Inc. (OTCBB: TREP), a provider of PEO services, reported revenue fell 16.6% in the first six months of the year. The Irvine, Calif.-based firm reported the decrease was the result of the loss of a client.

Learn from the past to prepare for change (Staffing Industry Review)

In an article for Staffing Industry Review magazine, Kforce Inc. Chairman and CEO David Dunkel advises fast-growing firms to learn from the past and look outside our industry to see how to adapt and prepare for rapid change. However, the key to longevity in the staffing industry will...

New North Carolina law takes aim at IC misclassification (Lexology)

Workers in North Carolina who feel they are misclassified as independent contractors have a new mechanism to make complaints under a law signed by Gov. Roy Cooper earlier this month, according to a post on Lexology by Robin Shea of law firm Constangy Brooks Smith & Prophete. The law also make it...

SIA chooses finalists for gig economy ‘Shark Tank’

Five gig economy companies will be judged in the style of “Shark Tank” at Staffing Industry Analysts’ upcoming Collaboration in the Gig Economy conference next month in Dallas.

The finalist companies that will be judged during the event are:

• Bonsai — Online freelancer tools and management...

CEO steps down at IT services provider Infosys

IT services provider Infosys reported today that managing director and CEO Vishal Sikka has stepped down effective immediately. Reuters reported the CEO’s resignation came after a long-running feud with the company’s founders.

“In his notice of resignation to the board, Dr. Sikka reiterated his...

Former AMN CEO's new firm acquires healthcare staffing provider

American Health Staffing Group Inc. today announced it acquired Expedient Medstaff LLC, a travel nurse staffing provider based in the Detroit area. Executive chairman of American Health Staffing Group is Steve Francis, co-founder and former CEO of AMN Healthcare Inc. (NYSE: AHS).

Terms of the deal were...

North Dakota and Colorado post lowest jobless rates

North Dakota and Colorado posted the lowest unemployment rate among all states in July, the US Bureau of Labor Statistics reported today. The jobless rate was 2.2% in North Dakota and 2.4% in Colorado.

Alaska recorded the highest jobless rate among all states at 7.0% in July.

The BLS reported little change...

Tight labor market forces employers to get creative (Upstate Business Journal)

Employers in upstate South Carolina, including staffing firms, are getting creative with hiring, the Upstate Business Journal in Greenville, SC reported. “I’ve been in the human resources business since the early ’80s, and it’s about as tight as I’ve seen it,” said Ed Parris, president of...