Tax cut law's impact on staffing (Staffing Industry Review)

The tax cut law approved by Congress late last year has many effects, including upon the staffing industry. Executives from the industry say it’s boosting the economy, but there are other things to keep in mind, including the impact on deductions. The full story is available online.

Staffing 360 first-quarter revenue up 37%, bolstered by acquisitions

Staffing 360 Solutions Inc. (NASD: STAF), a staffing provider operating in the US and UK, reported first-quarter revenue rose 37.0%, which includes $17.9 million in acquisitions completed in September 2017 and $800,000 in favorable foreign currency translation.

Investment firm acquires staffing software firm TargetRecruit

Mountview Partners, a Houston-based investment firm targeting vertical niche software, acquired TargetRecruit, a provider of software for staffing and recruiting firms built on the Salesforce platform.

The transaction closed May 7. The entire TargetRecruit team is retained and founder Reena Gupta continues...

Contrax VMS taps former Accenture exec as CEO

Contrax VMS, a Toronto-based MSP firm, announced Kim Anderson joined the managed service provider as its new CEO, effective May 7. Current CEO and co-founder Wayne Burgess will now lead existing client management and new client delivery.

Anderson previously was head of contingent workforce for North America...

Job market hot, but new grad salaries virtually flat: Korn Ferry

The job market is hot, but salaries for new college grads are virtually flat this year, according to a survey by Korn Ferry (NYSE: KFY). Grads’ average salary rose 2.8% this year to $50,390, which is essentially flat when inflation is taken into account.

Los Angeles-based Korn Ferry researched 310,000...

Ottawa increases Temporary Foreign Worker Program employer inspections (The Star)

The federal Liberal government is stepping up inspections of employers involved in the temporary foreign workers program, The Star newspaper reported. Since the start of the year, roughly 1,600 employers have been flagged as “high-risk” and selected for inspections by Employment and Social Development...

Nominate your rising stars to the 40 Under 40, 2018 list being compiled

Last year, Staffing Industry Analysts introduced its list of the 40 under 40 to recognize the rising stars in the workforce solutions ecosystem. This year, we are featuring the 2018 40 under 40.

The list is about achievements, ambition and influence. It’s not a ranking but a shout-out to those who are...

Program providing more STEM grads to US, outnumbers H-1B visas (Pew Research)

The number of foreign graduates from US colleges remaining and working in the US after graduation is growing and more than half are working in STEM fields under the Optional Practical Training Program, or OPT, according to a report by Pew Research. Their numbers are greater than those in the H-1B program....

Forecasters see brighter outlook for US economy, jobless rate will fall to 3.7%

The US economy looks stronger than it did three months ago, according to the new “Second Quarter 2018 Survey of Professional Forecasters” report released today by the Federal Reserve Bank of Philadelphia. The report is based on a survey of 36 economists.

Forecasters revised upward their median forecast...

Canadian jobs up 278,300 over year, but little change over month

Employment in Canada was little changed in April, edging down by 1,100 jobs from March to a total of more than 18.6 million jobs, according to seasonally adjusted numbers released today by Statistics Canada. A loss of 30,000 part-time jobs in April offset a gain of 28,800 full-time jobs. On a year-over-year...