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From automation to skills shortages: How eight trends will impact staffing industry this year
February 5, 2019Trends from automation to the ongoing skills shortage and from the global economy to legislation are affecting staffing firms. Staffing Industry Analysts outlined them in a report last year, but now takes a new look at how these trends will shape up this year in a report released on Monday.
Here is some...
Hedge fund drops offer to acquire parent of Dice.com
February 5, 2019Hedge fund TCS Capital Management LLC has decided not to pursue a possible acquisition of DHI Group Inc. (NYSE: DHX), which operates Dice.com and other job boards.
TCS in August offered a buyout of DHI Group and threatened a proxy battle. The hedge fund in May had acquired a large stake in DHI Group.
According...
Investor group to acquire Ultimate Software in $11 billion deal
February 5, 2019Ultimate Software (NASD: ULTI), a developer of cloud-based human capital management and employee experience software, agreed to be acquired by an investor group led by private equity investment firm Hellman & Friedman. The investor group also includes Blackstone Group LP, GIC Pte Ltd, Canada Pension...
79% of staffing firms expect revenue to increase this year: Bullhorn
February 5, 2019A new report by staffing software supplier Bullhorn found 79% of staffing and recruiting firms globally expect revenue to increase this year despite persistent concerns and challenges related to tight talent pools candidate-driven market and economic conditions, and macroeconomics and politics.
Looking...
US nonmanufacturing activity decelerates in January, but employment metric increases
February 5, 2019Economic activity in the US nonmanufacturing sector decelerated in January, according to the Institute for Supply Management’s nonmanufacturing index, released today.
ISM’s nonmanufacturing index fell to a reading of 56.7 in January, down from a reading of 58.0 in December.
Readings above 50 generally...
TransForce forms new parent company
February 5, 2019TransForce Inc., a nationwide truck-driver staffing firm headquartered in Alexandria, Va., on Monday announced the formation of the TransForce Group, its new parent company.
The company will now operate through three service lines: TransForce Group Education and Training Solutions; TransForce Group...
Possible shift to employers’ market, says LaSalle Network CEO — Staffing quote of the week
February 5, 2019“I’d say it’s still an employee’s market, but it’s starting to turn,” LaSalle Network founder and CEO Tom Gimbel said on CNBC’s “Squawk Box,” discussing the state of hiring and recruiting. “You can feel that employers want to hire good people, they want to bring people on, but this...
Temp firms’ revenue accelerates to median 10% growth: Pulse Report
February 4, 2019US temporary staffing revenue growth rose a median 10% year over year in December, up from 7% in November, according to Staffing Industry Analysts’ Pulse Survey Report of staffing firms released Thursday.
“Total temp staffing revenue growth bounced back up in December and this acceleration was driven...
Engineering staffing provider Belcan acquires UK-based firm
February 4, 2019Engineering consulting and staffing provider Belcan LLC acquired UK-based Sitec Design Ltd. and Sitec Recruitment Ltd.
Established in 1951, Sitec is an engineering services and technical recruitment supplier with aerospace, defense, nuclear and industrial customers in the UK and other parts of Europe....
USCIS publishes final rule on H-1B visa process update, delay in registration welcome
February 4, 2019US Citizenship and Immigration Services last week published a final rule that brings changes to the H-1B visa process. One change includes a new electronic registration system for H-1B visas that would require petitioners to first register electronically. Another reverses how H-1B petitions are selected...