CEO dismissals at poorly performing companies hit 15-year high, report finds

The CEOs of poorly performing companies were 40% more likely to be replaced last year than in 2015, according to the 2017 edition of CEO Succession Practices, a report released by The Conference Board. They were also 60% more likely to be replaced than the CEOs of better-performing companies.

Poorly performing...

Uber gross bookings up 10% in Q2, lawsuit settlement possible (Bloomberg)

Bloomberg reported executives from human cloud, ride-sharing firm Uber told investors on a 15-minute conference call that gross bookings increased more than 10% last quarter from the prior period while losses continued to shrink, according to people familiar with the meeting. And Uber’s attorney allegedly...

Brazil’s Senate approves labor bill (Reuters)

Reuters reported Brazil’s Senate on Tuesday gave final congressional approval to an overhaul of the country’s labor laws; the bill, which passed in a 50-to-26 vote following approval in the lower house of Congress, will be sent to beleaguered President Michel Temer to be signed into law. The...

PageGroup gross profit rises 8% in constant currency, political plus economic issues ahead

UK-based staffing firm PageGroup plc reported gross profit rose 7.7% in constant currency in the second quarter. While the company considers the growth strong, it pointed to several uncertainties on the horizon this year. These include impact of Brexit negotiations and political uncertainty in the UK,...

Jordan Search Consultants acquires New England healthcare search firm

Jordan Search Consultants acquired Health Search New England, a search firm serving healthcare providers throughout the Northeast, in a deal signed June 30. Financial terms were not disclosed.

Health Search New England’s former owner Celena Knapp will remain with the firm as a vice president. The acquired...

Ontario faces opposition to minimum wage increase (CBC News)

Ontario’s bid to raise the minimum wage to $15 an hour — a move that is feared by businesses but has the support of some prominent economists — is being put to the public in hearings this week. CBC News reported businesses are strongly opposed to the increase, particularly the quick pace of it....

Job openings fall 5% in May, but hiring up

The number of US job openings in May fell 5.0% from a record high in April to 5.66 million, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. However, the number of hires rose 8.5%.

The job openings rate — a measure of job openings compared with total employment...

Word of the week: Applicant tracking system

An applicant tracking system, or “ATS,” is described in this year’s edition of Staffing Industry Analysts’ online lexicon of workforce solutions ecosystem terms as a software application that enables the electronic handling of corporate recruitment needs. Most incorporate a company website,...

IT giants investing in upgrading workers’ skills (Moneycontrol News)

IT services and outsourcing providers are helping IT employees upgrade their skills, Moneycontrol News reports. The National Association of Software and Services Companies, in partnership with Boston Consulting Group, joined with 20 member companies — including Infosys, Wipro, Mindtree, Accenture,...

Mastech Digital strikes $55 million deal to acquire InfoTrellis

IT staffing provider Mastech Digital Inc. (NYSE MKT: MHH) agreed to acquire the services division of InfoTrellis Inc., a Canada-based information management consulting and technology services company that provides project and consulting services in master data management, data integration and big data....