Daily News
Generative AI could bolster Canadian GDP
February 21, 2024Generative AI could help reverse the decline in productivity and add nearly 2% to Canada’s gross domestic product if deployed correctly, according to a report by The Conference Board of Canada. The report found that 46% of Canadian organizations surveyed are already using generative AI, while 38% said...
Staffing firm faces nearly $2.46 million in citations
February 21, 2024Wage violations resulted in a staffing firm facing nearly $2.46 million in citations, Massachusetts Attorney General Joy Campbell announced today.
Concierge Services Inc. and owner Gregory Doyle committed several violations between January 2018 and December 2021, according to the Massachusetts Attorney...
Robots fill worker shortage, productivity rises
February 21, 2024Worker shortages are prompting firms to bring in robots, and it is resulting in a productivity boom, The Associated Press reported. Workers are happier as well, and that may also be leading to greater efficiency. Labor productivity rose at a 3.6% annual pace from last April through June, 4.9% from July...
Recession off the table for 2024: The Conference Board
February 20, 2024The Conference Board Leading Economic Index for the US no longer points to a recession, though gross domestic product growth is still forecast to slow. Although the index declined in January, it did so at the slowest pace since March 2023.
“While the declining [Leading Economic Index] continues...
S.i. Systems acquisition expands talent offerings, SOW capability
February 20, 2024S.i. Systems ULC, the fifth-largest staffing firm in Canada, acquired HVN Solutions, an IT staffing and consulting firm based in Toronto.
“In combining our strengths, we are accelerating our efforts to become Canada’s premier choice for on-demand IT professionals by expanding our talent offerings...
Temp hours edge up: SIA | Bullhorn Staffing Indicator
February 20, 2024US temp staffing hours edged up 0.8% in the week ended Feb. 10 compared to the previous week, but they were down 12% year over year, according to the latest SIA | Bullhorn Staffing Indicator report.
Class of 2024 salary projections surpass 2023 despite hiring dip
February 20, 2024Average starting salaries for graduates in the college class of 2024 have surpassed projections reported for the class of 2023, according to data from the Winter 2024 Salary Survey released today by the National Association of Colleges and Employers.
“Although the overall hiring projection for class...
Healthcare workers face stress, depression and violence
February 20, 2024Amid an ongoing staffing crisis, inflation and workplace violence issues in the US, many healthcare workers are stressed, according to a report by talent marketplace Vivian Health. For example, nearly half of US healthcare workers it surveyed, 46%, said they are clinically depressed.
Other findings in...
Staffing execs plead guilty to defrauding bank and investors
February 20, 2024Two former staffing executives pleaded guilty on Feb. 15 in a scheme to defraud a bank and investors, the US Department of Justice reported. The scheme caused more than $70 million in losses.
Louis Lluberes, 61, of Windermere, Florida, and Moises Lluberes, 60, of Winter Grove, Florida, each pleaded guilty...
AMN cites industry's largest ‘cyclical reset’ in Q4 results
February 16, 2024Healthcare staffing went through its largest “cyclical reset” in history, AMN Healthcare Services Inc. (NYSE: AMN) reported in its fourth-quarter earnings announcement.
“Our healthcare professionals and corporate team members were resilient in 2023, working through the largest cyclical reset of...