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Syntel revenue rises 16%

April 17, 2014

Information technology service provider Syntel Inc. (NASD: SYNT) reported revenue rose 16.1 percent in the first quarter to $219.5 million, above analysts’ estimates. And first-quarter gross margin improved to 43.7 percent from 41.1 percent in the year-ago quarter.Banking and financial services a...


Beige Book reports skilled worker shortages

April 17, 2014

Labor market conditions were mixed but generally positive, according to the Federal Reserve’s Beige Book report released yesterday. Employers in several districts reported difficulty finding skilled workers.Information technology workers were needed, according to the New York; Richmond, Va.; and...


Jobless claims average at lowest level since 2007

April 17, 2014

The U.S. four-week moving average of initial claims for unemployment insurance fell by 4,750 in the week ended April 12 to 312,000 from the previous week’s upwardly revised figure of 316,750, according to seasonally adjusted numbers released today by the U.S. Department of Labor. This is the lowe...


SMB firms: 36% to hire contract and permanent workers

April 17, 2014

A new SMB Job Generation Outlook survey by executive search firm Lucas Group found that 36 percent of small- and medium-sized businesses plan to hire a combination of contract and permanent employees in the next quarter. And 7 percent plan to hire only contract employees in the next quarter — the...


Wage growth likely to see modest boost this year

April 17, 2014

Annual wage increases in the U.S. private sector will likely accelerate moderately in 2014, according to the final first-quarter wage trend indicator released by Bloomberg BNA, a publisher of specialized news and information.Bloomberg BNA’s wage index now stands at 98.92 (second quarter 1976 = 10...


Web: Temp staffing legislation introduced in Winnipeg

April 17, 2014

The Winnipeg Free Press reports new legislation to regulate temporary staffing firms, Bill 50, was introduced. To read the story, click here.


Robert Half: Four weeks to fill finance positions

April 17, 2014

It takes, on average, four weeks to fill open staff-level accounting and finance jobs in the United States, according to a recent survey of chief financial officers by Robert Half Finance & Accounting. The research also found it takes an average of five weeks to hire for a management-lev...


Staffing Stream: Forum points to bullish future

April 17, 2014

See you later post-recession anxiety. Welcome bold innovation and business growth, writes Lesley Vickery in a new post in The Staffing Stream. Vickery, founder and CEO of ClearEdge Marketing, spoke with a handful of Staffing Industry Analyst Executive Forum attendees about their outlook on the in...


Tata Q4 revenue, profit up

April 16, 2014

Tata Consultancy Services Ltd., an India-based information technology services provider, reported revenue rose 15.2 percent in U.S. dollars in its fiscal fourth quarter ended March 31 to $3.50 billion. Fourth-quarter net income rose 33.5 percent from the year-ago quarter to $861.0 million. The ju...


California, New York, Texas lead in temporary foreign workers

April 16, 2014

The states with the most foreign temporary workers were California, New York and Texas, according to a report by the U.S. Department of Homeland Security. And the country sending the most temporary foreign workers to the U.S. was India....