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Spherion lowers earnings estimates

April 17, 2008

Spherion Corp. (NYSE: SFN) on Wednesday reduced its estimated earnings for the first quarter and said it anticipates that year-over-year revenue will be flat on an organic basis. "After a relatively good start in January, we experienced a greater seasonal pullback in our staffing services segment...


Real average weekly earnings rise 0.2%

April 16, 2008

Real average weekly earnings rose by 0.2% month-over-month in March, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Although the consumer price index for urban wage earners and clerical workers rose 0.4%, average weekly hours and average...


TriNet makes deal for Colorado PEO

April 16, 2008

TriNet, a San Leandro CA-based professional employer organization, said it acquired assets of LMC Resources Inc., a Denver-based PEO. The deal will add more than 2,000 worksite employees to TriNet. Terms of the transaction were not announced. LMC's founder, Richard Lang, will join TriNet. "TriNet...


IT worker confidence dips

April 16, 2008

Confidence among U.S. information technology workers fell in the first quarter, according to the IT employee confidence index released by Technisource. The gauge fell 8.6 points to 47.4 in the quarter, the index's lowest reading since it began in 2005. The number of tech workers who believe the e...


ClearPoint loss widens in transition

April 16, 2008

ClearPoint Business Resources Inc. (NASD: CPBR), a Chalfont PA-based staffing and vendor management system company, posted a wider net loss for the fourth quarter of 2007. This was despite an increase in revenue as it moved ahead with plans to become a staffing franchisor, according to its annual...


People - Workway, Spring, Futurestep, Crdentia

April 15, 2008

Workway, a Burbank CA-based staffing firm, named Roger Iris as the company's president. Iris was promoted to the post from the position of senior VP responsible for marketing and business development at Workway. "Iris continues to be instrumental in enabling Workway to expand our business and fur...


The Caldwell Partners earnings slip

April 15, 2008

The Caldwell Partners International Inc. (TSX: CWL.A), a Canadian executive search firm, said net earnings fell 34.0% to C$211,912 (US$216,577) in its fiscal second quarter ended Feb. 29, 2008. In the same period last year, it posted net earnings of C$321,134. The company said its legal fees incr...


Search exec, worker indicted

April 15, 2008

A former Korn/Ferry International Inc. (NYSE: KFY) executive and a former employee at the executive search firm have been indicted on federal criminal charges. However, the former executive, David Nosal, denied the allegations and said he plans to fight them. According to several reports, Nosal w...


Report - Adecco may be eyeing USG

April 15, 2008

Speculation that Adecco SA may buy USG People, one of the largest staffing firms in the Netherlands, prompted USG's stock to rise by as much as 5% in trading today, Reuters reported. Adecco is the world's largest staffing firm. Separately, the world's third-largest staffing firm, Randstad Holding...


Vedior buys share of U.K. sales staffing firm

April 14, 2008

Vedior NV said it acquired a 70% interest in Pareto Law PLC, a Wilmslow, England-based firm that specializes in the direct hire placement of university-level graduates in sales jobs in the United Kingdom. Terms of the deal were not announced. Pareto had sales of GBP8.5 million (US$16.9 million) i...