Word of the month: Recruitment process automation

“Recruitment process automation” is defined by Staffing Industry Analysts’ online Lexicon of workforce solutions ecosystem terms as the use of technology, and more specifically artificial intelligence, to automate parts of the recruitment process from sourcing through to matching, shortlisting,...

ManpowerGroup owes $25 million more, claim 7S sellers

Sellers of Germany-based staffing firm 7S to ManpowerGroup (NYSE: MAN) claim they are owed an additional $25.0 million plus interest in contingent consideration related to the acquisition, according to a 10-K filing with the US Securities and Exchange Commission.

ManpowerGroup acquired 7S in 2015, but...

Private equity firm invests in Lyneer Staffing Solutions

Private equity firm Palm Beach Capital invested in national staffing company Lyneer Staffing Solutions LLC.

Todd McNulty and Jim Radvany are Lyneer’s principal owners. Financial terms were not disclosed.

Headquartered in Ewing Township, NJ, Lyneer targets the commercial, professional, financial, direct...

ZRG Partners acquires executive search firm Epsen Fuller Group

Executive search firm ZRG Partners Inc. acquired certain assets of the Epsen Fuller Group, an executive search firm based in New York City.

The transaction took effect today; terms were not disclosed. The Epsen Fuller brand will be absorbed into ZRG.

As part of the asset acquisition agreement, Thomas Fuller,...

CorTech acquires diversity temp staffing provider

Staffing provider CorTech International acquired Milwaukee-based Victory Personnel Services Inc., effective Friday.

Victory Personnel, a diversity temporary labor payroll provider for the Fortune 1000, provides professional, administrative and clerical staffing. It was led by founder and CEO Joe Tucker...

US nonmanufacturing decelerates in February on decrease in employment portion

Economic activity in the US nonmanufacturing sector decelerated slightly in February, according to the Institute for Supply Management’s nonmanufacturing index, released today.

ISM’s nonmanufacturing index edged down in February to a reading for 59.5 from January’s reading of 59.9. Readings above...

Uber CEO calls MIT study about driver pay ‘incompetent’ (Fortune)

Fortune reported Uber and its CEO, Dara Khosrowshahi, pushed back against a new MIT study claiming that the median income for Uber and Lyft drivers is just $3.37 per hour, and that 30% are actually losing money while they work. On Twitter, Khosrowshahi wrote “MIT = Mathematically Incompetent Theories,”...

Temp revenue grows median 6% in January; new orders at highest level since 2015: SIA report

US temporary staffing revenue rose a median 6% year over year in January — an acceleration from 4% in December and 5% in November — among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse survey.

“January was a promising month for the industrial and IT segments, as both showed...

AtWork revenue up 13% in 2017

AtWork Group, a national staffing franchise, reported revenue rose to nearly $332 million in 2017, up 12.75% compared to 2016.

The company reported it opened 17 new territories during the year — including Las Vegas; San Antonio, Texas; Miami; Anaheim, Calif.; and Raleigh — and now counts almost 100...

Recruitment provider Harvey Nash gross profit up in Europe, but down in rest of world

Global staffing provider Harvey Nash Group plc reported in a “trading update” today that gross profit for the full fiscal year ended Jan. 31 rose 5.6% in constant currency in the UK and Ireland, and was up 0.3% in constant currency in mainland Europe. However, gross profit fell 21.1% in constant...