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AVID changes name

June 3, 2008

AVID Staffing Inc. said it has changed its name to AVID Technical Resources Inc. "We decided that we wanted to tailor our company name towards our specific technology niche," said principal owner Brian Tomasello. The Boston Business Journal listed the company as the 10th largest temporary firm in...


Resources Connection names new CEO

June 3, 2008

Resources Connection Inc. (NASD: RECN) named Thomas Christopoul as its new president and CEO. Christopoul has served on Resources Connection's board since January 2006. He was previously president of Somerset Shore Associates Inc., an investment firm. Christopoul was also CEO and chairman of Cend...


Manufacturing stabilizing

June 2, 2008

Economic activity in the U.S. manufacturing sector contracted at a slower rate in May, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing registered 49.6 in May, up from 48.6 in the previous month. However, only readings of more than 50 indicate...


Online job ads fall

June 2, 2008

The number of U.S. jobs posted online fell 13.2% year-over-year in May to almost 3.8 million, according to The Conference Board's online help-wanted ad measure. Compared to the prior month, however, online job ads rose 4%. "May shows a slight recovery from the large April decline, but overall the...


Benchmarking consortium revenue up 1%

June 2, 2008

Aggregate revenue rose 1% year-over-year in Staffing Industry Analysts' first-quarter Staffing Industry Benchmarking Consortium report. This level of growth is roughly comparable to that which occurred over the preceding five quarters, representing neither a significant acceleration nor decelerat...


Research from Staffing Industry Analysts

June 2, 2008

Here is a list of research reports released last week by Staffing Industry Analysts. INSIGHT - Largest global staffing companies A total of 50 staffing companies across the globe reported revenue of $500 million or more in 2007, according to Staffing Industry Analysts' new list of the world's lar...


People - Westaff, Gevity, AXIA

May 30, 2008

Westaff Inc.'s (NASD: WSTF) senior VP of corporate services, Jeffrey Elias, resigned, the company said in a filing with the U.S. Securities and Exchange Commission. Westaff reported it's currently negotiating a settlement with him. Gevity HR Inc. (NASD: GVHR) said James Orr III joined its board....


Nelson names new CEO

May 30, 2008

The Nelson Family of Companies named Jonathan "JP" Parker as its new chief executive officer. Parker served on the company's board for more than five years and also served, most recently, as vice chairman of Boston Private Financial Holdings. Parker will report to Gary Nelson, the company's found...


Median CFO compensation hits $2.9 million

May 30, 2008

Median compensation for chief financial officers in place at least two years rose 5.2% to almost $2.9 million between 2007 and 2006, according to Equilar, a Redwood City CA-based firm that specializes in analysis of executive compensation. Median bonus payouts for CFOs fell 3.4%, but they receive...


Heidrick buys search firm

May 30, 2008

Heidrick & Struggles Inc. (NASD: HSII) acquired IronHill Partners, a retained search firm specializing in the venture capital sector with a focus on technology placements. Terms of the deal were not announced. The acquisition includes IronHill's team of four search partners and 10 search professi...