Daily News
Private equity firm recapitalizes ZRG Partners
December 18, 2018Executive search firm ZRG Partners Inc. completed a recapitalization with RFE Investment Partners, a lower middle-market private equity firm. ZRG’s current capital partner, Northcreek Mezzanine, is exiting the investment after four years.
The transaction closed Dec. 5. Terms were not disclosed,...
Glassdoor chief economist sees power shift in 2019; employees make impact
December 18, 2018Low unemployment, a rise in concern over how technology is shaping the future of work, and a series of movements giving power to the people are among the top trends shaping workplaces worldwide, according to Glassdoor’s annual Job Market Trends Report.
“After nine years of steady growth, 2018 saw...
Canadian economy’s growth to slow to 1.9% next year
December 18, 2018The Conference Board of Canada expects the Canadian economy to grow by 1.9% in 2019, easing from an expected 2.1% gain this year.
Canada’s economy faces headwinds on several fronts, according to The Conference Board of Canada. Consumer spending will be restrained by a combination of weaker employment...
Tech workers’ unique position to lead employee activism movement — Staffing quote of the week
December 18, 2018“Tech workers feel they are special, in part because they are so in demand, in part because their employers treat them that way,” said Peter Cappelli, a professor at the University of Pennsylvania’s Wharton School, told The Washington Post in a story about tech workers fueling a new employee activism...
Visa battle could keep 100,000 people out of work (Fast Company)
December 18, 2018If the current US administration moves forward with a plan to revoke work authorization for H-4 visa holders, which include immediate family members of an H-1B worker, immigrants across the country — largely Indian women — could lose the ability to work, Fast Company reported. For tech companies,...
Federal judge rules ACA unconstitutional, but court battle far from over
December 17, 2018A federal district court judge late Friday ruled the Affordable Care Act to be unconstitutional. However, ACA obligations remain in place despite the court ruling as District Court Judge Reed O’Connor granted only summary judgment on the ACA’s constitutionality, without issuing a nationwide...
US Customs and Border Protection pays more than $13 million for two hires, report says
December 17, 2018US Customs and Border Protection last year awarded a $297 million contract to a division of Accenture (NYSE: ACN) to recruit and hire new agents and other workers. However, a report from the Office of Inspector General finds that as of Oct. 1, 2018 — 10 months into the contract — CBP has paid Accenture...
Court rules executive recruiter not liable for hiring bias (JD Supra)
December 17, 2018A federal judge ruled last week that an executive recruiter was not responsible for the employer’s decision to eliminate a female General Counsel candidate from consideration — allegedly because of sex discrimination. Robin Shea of law firm Constangy, Brooks Smith & Prophete LLP wrote in JD Supra...
Signs US economy is ending 2018 on ‘softer note’
December 17, 2018US private sector output continued to increase at a solid pace in December, but a slowdown in the service economy contributed to the weakest overall growth for just over one-and-a-half years, according to the IHS Markit Flash US Purchasing Managers Index.
The rate of manufacturing job creation was the...
PEO Resourcing Edge acquires firms in southern Texas
December 17, 2018Professional employer organization Resourcing Edge acquired three PEOs in southern Texas: Courtland Resources Inc., Best Staffing Inc. and Michael Dubois CPA Inc.
The acquisition of the firms, all located in Orange, Texas, brings to Resourcing Edge 70 additional clients and more than 1,000 client...