Daily News
US House panel advances proposal to repeal independent contractor rule
March 22, 2024The US House of Representatives Committee on Education and the Workforce advanced a proposal on March 21 to repeal the US Department of Labor’s rule making it harder for companies to classify workers as independent contractors rather than employees, Reuters reported.
The committee approved the...
Fewer CHROs plan to increase hiring over the next six months
March 22, 2024Despite stable workforce expansion plans this quarter, fewer chief human resource officers expect to increase hiring over the next six months, according to The Conference Board CHRO Confidence Index for the first quarter. The organization found that 36% of CHROs expect to increase their hiring over the...
North Dakota posts lowest jobless rate in February
March 22, 2024North Dakota posted the lowest jobless rate among all US states in February at 2.0%, the US Bureau of Labor Statistics reported today. The next lowest rate was in South Dakota at 2.1%.
California posted the highest unemployment rate among all states in February at 5.3%, followed by Nevada at 5.2%. ...
HireQuest Q4 revenue up 21.3%; workers’ comp, economy hurt results
March 22, 2024Staffing franchisor HireQuest Inc. (NASDAQ; HQI) reported fourth-quarter revenue grew 21.3% year over year to $9.8 million. The figure includes $515,000 of advertising fund revenue for MRINetwork, which it acquired in 2022.
Systemwide sales for the quarter increased to $143.5 million from $127.9 million...
EOR Borderless AI reports $27 million funding round
March 22, 2024Borderless AI, an employer-of-record provider, announced a $27 million funding round. The round was led by Susquehanna Financial Group and Aglaé Ventures, the venture arm of Bernard Arnault, CEO of LVMH Moët Hennessy – Louis Vuitton.
Borderless AI’s AI agent, named Alberni, can solve complex problems...
People on the move: Robert Half, Wipro, Intelliswift, Aerotek, Felix and more
March 22, 2024Robert Half Inc. named John Reed as senior district president for technology talent solutions, overseeing operations throughout the Western US. He will lead Robert Half’s technology and marketing and creative practice groups across the region. A 25-year veteran of the firm, Reed has held key leadership...
Workforce Holdings issues profit warning
March 21, 2024Workforce Holdings Ltd. (WKF:JNB), a staffing provider headquartered in Johannesburg, South Africa, issued a profit warning on 20 March.
The company expects a loss per share of between 11.27 cents and 15.94 cents in South African Rand for the year ended 31 December 2023. That compares to earnings per...
HeadFirst and Impellam now a combined firm
March 21, 2024HeadFirst Group and Impellam Group today announced they have officially joined. The announcement helps cap a process that began in July 2023, when Impellam announced it had entered talks to be acquired.
The combined company has €8 billion (US$8.70 billion) in spend under management, 2,100 internal...
Job&Talent US revenue up 22% in 2023
March 21, 2024Job&Talent, a digital staffing platform headquartered in Madrid, Spain, reported revenue in the US market rose 22% year over year to $450 million for full year 2023.
The growth makes the US Job&Talent’s largest and fastest-growing market in terms of revenue as well as the most profitable...
The Conference Board Leading Economic Index rises for first time in two years
March 21, 2024The Conference Board Leading Economic Index for the US rose in February for the first time since February 2022. The index increased by 0.1% to a reading of 102.8 (2016=100), following a 0.4% decline in January 2024.
“Strength in weekly hours worked in manufacturing, stock prices, the Leading Credit...