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Beige Book: Shortage of qualified workers limits hiring

July 13, 2017

Labor markets tightened further for both low- and high-skilled positions — particularly in the construction and IT sectors, according to the Federal Reserve’s Beige Book report released Wednesday. The Beige Book, a collection of observations from the 12 federal regional banks, provides a snapshot...


Has independent work hit a maturation point? (Staffing Industry Review)

July 13, 2017

Independent work has evolved from “something you do when you can’t get a real job” to a viable, coveted way for many to work, MBO Partners CEO Gene Zaino writes in an article in Staffing Industry Review’s Online Showcase that taps into his firm’s 2017 State of Independence in America report...


Jobless claims average rises, but initial claims fall 3,000

July 13, 2017

The US four-week moving average of initial claims for unemployment insurance rose to 245,750 last week, up 2,250 from the previous week’s average, according to seasonally adjusted numbers released today by the US Department of Labor. The previous week’s average was revised upward by 500.

The four-week...


Lyft GC ponders gig economy’s future in Q&A (Inside Counsel)

July 13, 2017

Kristin Sverchek, general counsel for human cloud ride-sharing platform Lyft, discussed the future of the on-demand sector — including independent contractor classification, possible legislation, and advice for new on-demand companies — in a Q&A with Inside Counsel.


Private equity firm makes ‘significant’ investment in Oasis Outsourcing

July 12, 2017

Professional employer organization Oasis Outsourcing, one of the largest PEOs in the US, announced private equity firm Kelso & Company purchased a “significant” interest in the company. The terms of the transaction were not disclosed.

Stone Point Capital, which acquired the PEO in 2014, remains...


Contract watch: CDI secures $38 million Navy task order

July 12, 2017

CDI Corp. (NYSE: CDI), a Philadelphia-based provider of engineering and IT staffing, landed a new SEAPORT task order from the US Navy to provide Readiness Assistance Team support services for Commander, Naval Surface Forces Pacific. The new task order, including all options, has a maximum value of $38...


Tight labor market is reason for unfilled jobs, survey says

July 12, 2017

It’s getting harder to fill jobs — and a lack of available applicants is the top reason why, according to a survey released today by Express Employment Professionals.

Almost a quarter of participants, 24%, said it is “very difficult” to recruit and fill positions and another 46% said it is...


CEO dismissals at poorly performing companies hit 15-year high, report finds

July 12, 2017

The CEOs of poorly performing companies were 40% more likely to be replaced last year than in 2015, according to the 2017 edition of CEO Succession Practices, a report released by The Conference Board. They were also 60% more likely to be replaced than the CEOs of better-performing companies.

Poorly performing...


Uber gross bookings up 10% in Q2, lawsuit settlement possible (Bloomberg)

July 12, 2017

Bloomberg reported executives from human cloud, ride-sharing firm Uber told investors on a 15-minute conference call that gross bookings increased more than 10% last quarter from the prior period while losses continued to shrink, according to people familiar with the meeting. And Uber’s attorney allegedly...


Brazil’s Senate approves labor bill (Reuters)

July 12, 2017

Reuters reported Brazil’s Senate on Tuesday gave final congressional approval to an overhaul of the country’s labor laws; the bill, which passed in a 50-to-26 vote following approval in the lower house of Congress, will be sent to beleaguered President Michel Temer to be signed into law. The...