Global staffing revenue hits $461 billion, SIA forecast calls for 7% growth

The global staffing industry generated an estimated $461 billion in revenue worldwide in 2017, according to the “Global Staffing Industry Market Estimates and Forecast: May 2018 Update” released by Staffing Industry Analysts. Three countries — the US, Japan and the UK — comprised a majority of...

Just 38% of freelancers make quarterly tax payments; info comes after BLS release last week

Only 38% of freelancers make quarterly tax payments to the US Internal Revenue Service, according to a new survey by TaxAct. The IRS requires quarterly tax payments from self-employed individuals, and TaxAct reported the penalty for not filing returns and paying taxes owed can be up to 5% of an unpaid...

Ohio Supreme Court rules staffing agency owes nearly $3.5 million in workers’ comp claims

Daily Services LLC, an employment agency in Columbus, Ohio, owes nearly $3.5 million in unpaid workers’ compensation premiums to the Ohio Bureau of Workers’ Compensation, according to a ruling last week by the Ohio Supreme Court.

The court found the Columbus, Ohio-based firm “wholly succeeded”...

Former ManpowerGroup exec named president of Gifted Healthcare

Nurse staffing firm Gifted Healthcare hired Sheldon Schur as president, effective June 1. He replaces Kay Cowling, who assumed the role in January 2017 and will continue to work with the company as an executive advisor.

Gifted, headquartered in New Orleans, is owned and operated by...

Infosys to delist from Paris and London stock exchanges July 4

Infosys (NYSE: INFY), a global IT services and outsourcing provider, today announced Euronext Paris SA and Euronext London Limited approved the voluntary delisting of its American Depositary Shares from the stock exchanges. The delisting procedure allows Infosys American Depositary Shares listed...

How SoftBank negotiated its share deal with Uber (Business Insider)

Business Insider reports Rajeev Misra, the chief executive of SoftBank’s $100 billion Vision Fund, personally spent six months persuading Uber’s board to accept its bid last year to buy a near 15% stake in Uber. SoftBank’s big selling point? It had stakes in every big Uber competitor worldwide....

Are independent contractors a smaller percentage of workers? BLS data in context

Has the number of independent contractors as a percentage of total employment shrunk over the last 12 years? Some seek to put data released yesterday by the US Bureau of Labor Statistics into context.

The US Bureau of Labor Statistics’ data released yesterday showed independent contractors represented...

AI and robotics will augment rather than replace humans (Forbes)

Artificial intelligence and robotics may be forces changing the world of work, but some are confident they will augment human workers — not take jobs, writes Tom Davenport in Forbes. Once concern is getting people to learn new skills. “If we’re not going to lose a lot of jobs soon, the next issue...

Volt revenue falls 13% in fiscal Q2; undertakes review, leadership changes

Volt Information Sciences Inc. (NYSE MKT: VISI) reported net revenue fell 13.1% in its fiscal second quarter ended April 29. On a same-store and constant currency basis, net revenue fell 7.8% year over year, excluding net revenue contributed from businesses sold or exited during the past year.

Gross margin...

Canadian jobs nearly flat in May, but up 238,200 over year

Employment in Canada was little changed in May, edging down by 7,500 jobs from April to a total of almost than 18.6 million jobs, according to seasonally adjusted numbers released today by Statistics Canada. A loss of 31,000 part-time jobs in May offset a gain of 23,600 full-time jobs. On a year-over-year...