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CTPartners says adjusted earnings to be less than expected

January 22, 2015

CTPartners Executive Search Inc. (NYSE MKT: CTP) released preliminary results Wednesday and reported adjusted earnings per share will be less than expected, but fourth-quarter revenue will be within guidance.The New York-based executive search firm said Wednesday it expects a net loss of between...


Moody’s affirms Select’s rating, upgrades outlook after $410 million EmployBridge deal

January 22, 2015

Moody’s affirmed the bank debt rating of Kooshrem LLC, which does business as Select Staffing, and revised the ratings outlook to positive. The decisions came after Select’s $410 million acquisition of EmployBridge Holding Company, according to the ratings company.Select announced the acquisition...


Jobless claims average rises, total claims fall 10,000

January 22, 2015

The US four-week moving average of initial claims for unemployment insurance last week rose by 6,500 to a total of 306,500 from the previous week’s upwardly revised average of 300,000, according to seasonally adjusted numbers released today by the US Department of Labor.The four-week moving avera...


Skills training and staffing providers — Staffing Stream

January 22, 2015

The idea of learning has changed over time and today industries of all sizes are dependent on one common factor to be sustainable in their business: learning and development, writes Britto Ambrose in The Staffing Stream. Ambrose, leader of Aditi’s Center of Excellence, discusses his company’...


Staffing 360’s fiscal Q2 revenue jumps with acquisitions

January 21, 2015

Staffing 360 Solutions Inc.’s (OTCBB: STAF) sales rose to $33.9 million in its fiscal second quarter ended Nov. 30, up from $2.0 million in the second quarter of the previous year.The company reported acquisition strategy fueled the revenue growth. Staffing 360 completed three acquisitions since...


President addresses paid sick leave, minimum wage

January 21, 2015

President Obama proposed restructuring the Family and Medical Leave Act to include paid parental leave and paid sick leave in his 2015 State of the Union address delivered yesterday. The president also called for Congress to pass a law that makes sure a woman is paid the same as a man for doing t...


Work Market closes $20 million investment

January 21, 2015

Online staffing firm Work Market raised $20 million in growth capital. The investment was led by Union Square Ventures, with participation by Spark Capital, SoftBank Capital, Industry Ventures and Silicon Valley Bank.“Businesses of all sizes are grappling with the need to identify and implement f...


Revenue at P2P Staffing rises 18% in Q4

January 21, 2015

P2P Staffing Corp., a privately held, Fort Lauderdale, Fla.-based professional staffing company, reported revenue rose 18 percent year over year in the fourth quarter to $39.3 million from $33.3 million in the fourth quarter of last year.P2P reported revenue of $154.2 million for full-year 2014,...


The Training Associates promotes new CEO

January 21, 2015

The Training Associates, a Westborough, Mass.-based trainer staffing, promoted Maria Melfa to CEO. She succeeds Vic Melfa, who will remain with the company as chairman.Maria Melfa co-founded The Training Associates in 1994 and has served as president since 2007, responsible for the day-to-da...


Median earnings of full-time workers rise 1.7% in Q4

January 21, 2015

Median weekly earnings of US full-time wage and salary workers rose 1.7% year over year in the fourth quarter to $799 (not seasonally adjusted), the US Bureau of Labor Statistics announced today.Women who usually worked full time had median weekly earnings of $724, or 82.1 percent of the $882 med...