Daily News
Upwork sets IPO price range, market value of firm could be up to $1.3 billion
September 24, 2018Upwork, the largest B2B human cloud firm, set a price range for shares in its initial public offering of between $10 and $12, according to a filing on Friday with the US Securities and Exchange Commission. The IPO would raise $135.0 million at the midpoint of the range. Renaissance Capital reported Upwork...
Alexander Mann taps former Pontoon exec for leadership roles
September 24, 2018Alexander Mann Solutions, a London-based provider of RPO and MSP services, appointed Michael Wachholz as president of the Americas and the global head of contingent workforce solutions.
Wachholz previously was president of Adecco’s Pontoon business, which also provides MSP and RPO services. Wachholz...
Recruiter.com to get new owner in all-stock deal
September 24, 2018Truli Technologies Inc. (OTC: TRLI) signed a letter of intent to acquire Recruiter.com Inc., a website based in Bristol, Conn., that links job seekers, recruiters and employers. Truli plans to change its name to Recruiter.com and update its ticker symbol once the deal is complete.
Truli is a New York-based...
Singapore issues $9.5 million fine to human cloud firms Uber and Grab
September 24, 2018Human cloud, ride-sharing firms Uber and Grab were fined S$13.0 million (US$9.5 million) by the Competition and Consumer Commission of Singapore. The fine comes after Uber’s sale of its Southeast Asian business to Grab in March.
According to the commission, the transaction led to substantial lessening...
Bad commutes may drive professionals to leave jobs: Robert Half
September 24, 2018The drive to work may be driving some professionals to quit, suggests new research released today by Robert Half. According to the research, 23% of employees have left a job because of a bad commute.
Among workers in the 28 US cities surveyed, respondents in Chicago, Miami, New York and San Francisco...
Service-sector job creation strongest since May 2015, despite output growth deceleration
September 21, 2018The rate of job creation in the service economy during September was the strongest since May 2015, according to a report by IHS Markit, a London-based provider of market analytics. Meanwhile, manufacturing jobs numbers expanded, but at the weakest pace in 13 months.
Even with the job creation, overall...
Canadian staffing index flat in August
September 21, 2018The Canadian staffing index, which measures staffing activity in Canada, was unchanged in August on a year-over-year basis at a reading of 114.
“August marks the fifth month of flat to declining growth in the staffing index,” said Maxim Kupfer, research analyst at Staffing Industry Analysts....
Hawaii posts lowest jobless rate in August; four states hit record lows
September 21, 2018Hawaii posted the lowest unemployment rate among all states in August at 2.1%, the US Bureau of Labor Statistics reported today. Iowa was next at 2.5% on a seasonally adjusted basis, followed by North Dakota at 2.6%.
Alaska recorded the highest jobless rate among all states at 6.7% in August.
The BLS reported...
Canadian economy to grow 2% this year: The Conference Board of Canada
September 21, 2018The Conference Board of Canada now expects the Canadian economy to grow 2.0% in 2018, up 0.2 percentage points from its previous forecast. However, it is projected to then slow to 1.8% in 2019.
Employment growth has weakened significantly. The Conference Board expects the economy to add 213,000 jobs...
People: Geometric Results, Alexander Mann, Upwork and more
September 21, 2018Managed service provider Geometric Results Inc. named Jill Parrino as COO. For the past four years, Parrino held the role of VP of solutions and innovation. In her new role, all operations employees including client relationship management, service delivery, implementation, solutions...