Daily News

Daily News-Staffing Industry Analysts RSS Feed Get the RSS Feed

Gig economy has destabilizing effect on personal finance, report says

August 30, 2017

The gig economy has positive and negative aspects, but it does appear to have a destabilizing effect on personal financial security, according to a new report by Prudential Financial Inc. based on a survey of 1,491 workers in the US.

A majority of survey respondents working solely as temporary or contract...


Wage growth accelerates for first time in six months; recruiters’ median base pay rises 5%

August 30, 2017

US wage growth accelerated slightly in August, ending a six-month stretch of deceleration, according to data from Glassdoor.

The annual median base pay in the US grew 2.0% year over year in August to $51,556, up from the 1.7% revised pay growth in July and the first acceleration since US pay growth peaked...


Workforce challenges constrain growth of middle market firms, report finds

August 30, 2017

Middle market firms – those with annual revenue between $10 million and $1 billion – report difficulties with recruiting, hiring, developing and retaining workers with the skills they need, according to the “Help Wanted,” report released by the National Center for the Middle Market in conjunction...


What to expect from new Uber CEO (Fast Company)

August 30, 2017

Fast Company reported Dara Khosrowshahi, the new CEO of human cloud, ride-sharing firm Uber Technologies Inc., brings a “neat package of experience to Uber’s very messy table.” He improved Expedia’s value in the 12 years he worked at the company, and that is likely what he will do for Uber, according...


Rumors of gig economy’s death are greatly exaggerated (JD Supra Business Advisor)

August 30, 2017

While the pool of available contingent workers appears to be shrinking as the availability of more traditional employment improves, the real story is that the gig economy is adapting and evolving in response to the needs of the businesses and workers who access it and will likely continue to be...


Houston area staffing firms check on employees, close offices amid Hurricane Harvey

August 29, 2017

Hurricane Harvey impact continues as staffing agency offices closed with business grinding to a halt amid flooding of streets and homes.

Employees were safe, said Rick Burnett, VP/regional manager at Burnett Staffing Specialists, which is based in Houston, but offices were closed as flooded roads made...


CDI buyer also acquires BHI Energy, the ninth-largest engineering staffing firm

August 29, 2017

AE Industrial Partners LLC, a private equity investor in aerospace, power generation and specialty industrial companies, acquired BHI Energy from New York-based private equity firm Harvest Partners LP.

The transaction closed yesterday, but terms were not announced. The deal follows AEI’s deal last month...


Private equity firm invests in AML RightSource

August 29, 2017

Clarion Capital Partners LLC, a New York-based, middle-market private equity firm, invested in AML RightSource, a Gabriel Partners company that provides anti-money laundering, Bank Secrecy Act and financial crimes co-sourcing solutions, including staff augmentation. The transaction closed on Aug. 18;...


Florida staffing firm settles EEOC disability discrimination suit

August 29, 2017

KB Staffing LLC, a staffing firm serving central Florida, settled a disability discrimination lawsuit filed by the US Equal Employment Opportunity Commission, the agency announced. The charge filed with the EEOC alleged the company made unlawful pre-offer health inquiries of applicants in violation of...


Consumer confidence up again this month, jobs outlook mixed

August 29, 2017

The Conference Board’s consumer confidence index increased in August after a moderate improvement in July. The index rose to a reading of 122.9 (1985=100), up from 120.0 in July.

“Consumers’ more buoyant assessment of present-day conditions was the primary driver of the boost in confidence,” said...