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GDP estimate revised upward, beats forecast

September 25, 2015

US real GDP rose in the second quarter at an annual rate of 3.9%, according to a third estimate that revises an earlier, second estimate of 3.7%, the US Bureau of Economic Analysis reported. Personal consumption expenditures and nonresidential fixed investment increased more than previously estimated....

NAPEO elects new board chair

September 25, 2015

The National Association of Professional Employer Organizations elected Abram Finkelstein chair of the board of directors at the association's annual meeting in Phoenix.

Finkelstein is founder and president of StaffLink Outsourcing in Plantation, Fla. He succeeds Brent Tilson, president and CEO of Greenwood,...

The Arevo Group acquires Virginia staffing firm

September 25, 2015

The Arevo Group Inc., an affiliate company of WorkForce Unlimited LLC, acquired Roanoke, Va.-based The Renick Group Inc. Both firms provide executive search and professional contract services.

The transaction closed Sept. 21; Terms were not disclosed.

The Renick Group will transition into the Arevo brand...

Survey finds expectations, salary top of candidates’ minds

September 25, 2015

A large majority, 84%, of professionals typically pose questions of their own when meeting with hiring managers, according to a survey released today by Accountemps. Only 13% of the professionals polled reported they do not typically ask the hiring manager any questions of their own.

The most common questions...

People: Egon Zehnder, Diversant, Heidrick and more

September 25, 2015

Executive search firm Egon Zehnder announced partners George Davis, Jr., based in Boston, and Kati Najipoor-Schütte, based in Frankfurt, will lead the firm’s global CEO practice.

Diversant LLC, a New Jersey-based IT staffing provider, announced Managing Director Sean Paaga will lead its new branch...

Private equity firm acquires majority stake in owner of Fastaff, U.S. Nursing

September 24, 2015

Private equity firm Thomas H. Lee Partners LP acquired a majority stake in Healthcare Staffing Services in a recapitalization transaction. Healthcare Staffing Services specializes in provifidng nurse staffing on a “rapid response” basis. It owns Fastaff Travel Nursing and U.S. Nursing Corporation...

Korn Ferry to acquire HR consultancy Hay Group for $452 million

September 24, 2015

Executive search firm Korn Ferry International Inc. (NYSE: KFY) entered into a definitive agreement to acquire Hay Group, a Philadelphia-based human resource consultancy, for approximately $452 million, including approximately $252 million in cash and $200 million of Korn Ferry stock.

Korn Ferry will...

Caldwell buys back shares held by DHR

September 24, 2015

The Caldwell Partners International Inc. (TSX: CWL.TO) purchased the 5.4% of its shares held by Chicago-based executive search firm DHR International Inc. DHR had made overtures to acquire Caldwell earlier this year, but agreed to cease its overtures and sell back to Caldwell shares that it owned.


Vancouver has Canada’s fastest-growing metro economy this year

September 24, 2015

Vancouver will post the fastest growing metropolitan economy this year among the 13 census metropolitan areas covered by The Conference Board of Canada’s Metropolitan Outlook: Autumn 2015. Toronto, Winnipeg, Halifax, and Montreal round out the top five spots, with all on track to post economic...

Jobless claims average edges down to lowest level in a month

September 24, 2015

The US four-week moving average of initial claims for unemployment insurance fell by 750 last week to a total of 271,750 from the previous week’s unrevised average, according to seasonally adjusted numbers released today by the US Department of Labor. This is the lowest level in more than a month....