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Survey finds 74% to hire summer workers

April 2, 2014

The summer hiring outlook is heating up, according to the 2014 Summer Hiring Survey by Snagajob, a job portal for hourly workers. Seventy-four percent of hiring managers plan to hire summer staff this year; of those, only 14 percent anticipate hiring a fewer number of employees than last summer.O...

Tenth-largest US staffing firm to reorganize under pre-packaged Chapter 11

April 1, 2014

The Select Family of Staffing Companies, the 10th largest staffing firm in the U.S., filed for a pre-packaged voluntary Chapter 11 bankruptcy proceeding today. The Santa Barbara, Calif.-based company says business will continue unaffected, and the move will significantly reduce its debt and provi...

TriNet, one of largest PEOs, is now public

April 1, 2014

TriNet Group Inc. (NYSE: TNET), one of the largest professional employer organizations, commenced trading on the New York Stock Exchange last Thursday, with the initial public offering of 15,000,000 shares of common stock priced to the public at $16.00 per share. Today, shares were at $21.03 in e...

Global Employment Solutions acquired by private equity firm

April 1, 2014

Global Employment Solutions, a staffing provider based in Littleton, Colo., was sold to TZP Group LLC by present owner Victory Park Capital. TZP is a private equity firm focused on control investments in business and consumer services companies.Terms of the transaction were not disclosed.Global E...

ISM manufacturing index rises

April 1, 2014

The Institute for Supply Management’s purchasing managers index for U.S. manufacturing rose 0.5 percent to a reading of 53.7 percent in March. The reading indicates continued expansion, and at a faster pace than indicated by January’s reading of 53.2 percent. Readings above 50 indicate growth.Mar...

Paychex to ring Nasdaq opening bell

March 31, 2014

Paychex Inc. (NASD: PAYX) President and CEO Martin Mucci will ring the Nasdaq opening bell April 1 in honor of the launch of the new Paychex | IHS Small Business Jobs Index, a monthly index examining the state of small business employment in the U.S.Paychex is a payroll processing provider and pr...

CEO of CDI steps down

March 31, 2014

CDI Corp. (NYSE: CDI) President and CEO Paulett Eberhart stepped down upon the completion of her contract, the company announced. Eberhart is leaving the firm to pursue other, non-competitive, business interests; however, she will provide consulting services CDI through the end of the year.Eberha...

CFO confidence falls, Deloitte survey finds

March 31, 2014

North American chief financial officers are less optimistic regarding the growth prospects of their organizations in 2014 than they have been at the start of each of the previous three years, according to Deloitte LLP’s first-quarter CFO Signals survey.For the first quarter, 47 percent of CFOs ex...

Staffing Stream: How much slack is in the labor market?

March 31, 2014

While the unemployment rate might get the most airtime, the labor participation rate — which measures the active portion of our labor force — is just as important to consider, writes Henry Jia in a new post in The Staffing Stream. The most recent February report indicated that this measure recent...

Web: California considers bill to protect temp workers

March 31, 2014

ProPublica reports California could become one of the first states in the nation to hold companies legally responsible for wage and safety violations by their subcontractors and temp agencies if a bill proposed Friday becomes law. To read the story, click here.