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People: Heidrick, Sterling, Korn Ferry, Impellam and Xcentri

June 1, 2018

Executive search provider Heidrick & Struggles (NASD: HSII) appointed Corinna Christophorou as senior VP and chief marketing officer. Based in London, Christophorou has been working as VP for market development with Heidrick & Struggles in Europe and Africa, leading the firm’s business development,...


CEO compensation up 8.7%, largest increase since 2010: Korn Ferry

May 31, 2018

CEOs at the largest companies in the US in 2017 received the highest compensation increases since the Great Recession, according to the annual CEO Compensation Study released by Korn Ferry (NYSE: KFY). Median total direct compensation for CEOs increased 8.7% to $13.4 million — double...


Canadian GDP rises at slower pace in first quarter

May 31, 2018

Canada’s real gross domestic product rose 0.3% in the first quarter following increases of 0.4% in each of the previous two quarters, Statistics Canada reported. Expressed at an annualized rate, real GDP rose 1.3% in the first quarter; in comparison, real GDP in the US rose at an annualized rate...


Hedge fund acquires stake in Dice.com's parent company; willing to acquire DHI

May 31, 2018

TCS Capital Management LLC acquired a large stake in the DHI Group Inc. (NYSE: DHX), which operates Dice.com and other job boards, according to a filing with the US Securities and Exchange Commission. The hedge fund also expressed interest in a cash buyout.

The filing stated that TCS informed DHI’s...


Beige Book: Filling positions difficult as labor market remains tight

May 31, 2018

Employment rose at a modest-to-moderate rate across most districts in late April and early May, 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 of current economic conditions. ...


Jobless claims average up, initial claims fall 13,000

May 31, 2018

The US four-week moving average of initial claims for unemployment insurance rose 222,250 last week, up 2,500 from the previous week’s unrevised average, the US Department of Labor reported.

The four-week moving average decreases the volatility of the weekly numbers. Total initial claims for unemployment...


H-1B visa fraud hotline gets more than 5,000 tips (Newsweek)

May 31, 2018

US Citizenship and Immigration Services received more than 5,000 tips reporting alleged H-1B visa fraud and abuse through a hotline set up last year, spokesperson Philip Smith told Newsweek. The Fraud Detection and National Security Directorate, which fronts USCIS’s efforts to combat immigration...


Aya Healthcare acquires San Diego-based locum tenens staffing firm

May 30, 2018

Aya Healthcare, a provider of travel nursing and workforce solutions to hospitals, acquired Locums Unlimited, a San Diego-based locum tenens staffing company. Locums Unlimited places physicians in locum tenens and temp-to-perm jobs nationwide.

Aya Healthcare ranks No. 7 on Staffing Industry Analysts’...


US lowers GDP growth estimate for first quarter; big picture unchanged

May 30, 2018

US real gross domestic product grew at an annual rate of 2.2% in the first quarter, according to the second estimate of GDP growth released today by the US Commerce Department. The new estimate is down from the previous estimate, which pegged growth at 2.3%.

While the general picture of economic growth...


Private sector in US adds 178,000 jobs in May as labor market continues to tighten

May 30, 2018

US private sector employment rose by 178,000 jobs in May from April as finding workers becomes increasingly difficult, according to the ADP National Employment Report. April’s gain was revised downward to 163,000 from the initially reported 204,000.

“The hot job market has cooled slightly as...