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Compensation averages $28.46 per hour

June 11, 2008

Employee compensation costs averaged $28.46 per hour worked in March, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $19.83 an hour for 69.7% of the costs, and benefits averaged $8.63 per hour for 30.3%. The cost per hour for insurance benefits, including life, he...


Employment services industry revenue up 7.9%

June 11, 2008

Revenue in the U.S. employment services industry -- which includes temporary staffing, direct hire, executive search and professional employer organization and outplacement services -- rose 7.9% year-over-year in the first quarter, the U.S. Census Bureau reported today. The sector had $45.81 bill...


People

June 11, 2008

Heidrick & Struggles International Inc. (NASD: HSII) named Scott Krenz as its new CFO. Krenz was formerly executive VP and CFO of Navigant Consulting, and before that was CFO at Sapient Corp. He begins Aug. 4. Heidrick's previous CFO, Eileen Kamerick, quit effective May 10 to take a job elsewhere...


Bullhorn gets $26 million in funding

June 11, 2008

Bullhorn, a staffing software company, said it received $26 million in new financing from venture capital firms Highland Capital Partners and General Catalyst Partners. Bullhorn will use the funds to fuel market expansion and speed up product development plans. Bob Davis, a general partner at Hig...


Manpower survey finds employment to cool

June 10, 2008

U.S. employers project a slight decline in hiring in the third quarter, according to the employer outlook survey released by Manpower Inc. (NYSE: MAN). The survey found that 26% of U.S. employers plan to increase their workforces during the third quarter and 10% plans to cut back for a net employ...


Westaff revenue tumbles

June 10, 2008

Fiscal second-quarter revenue fell 14.4% at Westaff Inc. (NASD: WSTF) to $102.8 million. The Walnut Creek CA-based commercial staffing firm cited a decrease in billable hours, changes in field management and the ending of some unprofitable accounts for the decline. Westaff said domestic revenue f...


European Union makes deal for temp rights

June 10, 2008

The European Union reached an agreement today to grant temporary workers the same rights, such as pay and vacation, as regular workers, according to press reports. The deal also allows workers to opt out of a maximum 48-hour workweek. The International Herald Tribune said the deal ended a conflic...


Firm to buy stake in IQNavigator

June 10, 2008

Private equity firm GTCR Golder Rauner LLC struck a deal to invest more than $100 million in Denver-based vendor management services provider IQNavigator, according to an unverified report in the Rocky Mountain News. IQNavigator's executives will remain with the company. The newspaper said the co...


Job openings decline

June 10, 2008

There number of U.S. job openings fell 443,000 year-over-year in April for a total of approximately 3.7 million, the U.S. Bureau of Labor Statistics reported today. There were approximately 4.1 million job openings in April 2007. The job openings rate was 2.6% in April, compared with 2.9% a year...


Demand remains high for some IT workers

June 9, 2008

Information technology workers with certain skills remain in high demand, according to a survey released by Veritude, a Boston-based staffing firm. According to the survey, 73% of companies said candidates for IT jobs in high-level business intelligence and enterprise solutions are the most diffi...