CTG Fourth Quarter Net Income Increased 24% on 16% Revenue Growth
CTG News Release (02/21/12)
CTG announced its financial results for the 2011 fourth quarter and full year ended Dec. 31, 2011. The information technology staffing company reported revenue of $100.9 million for the quarter, a 16% increase from the same period in 2010, while net income stood at $3.3 million, 24% higher than a year earlier. For the entire year of 2011, CTG reported revenue of $396.2 million, a 20% gain over 2010.
New larger health care solutions projects, higher demand for external information technology resources, and the operating leverage from higher revenue were the primary contributors to CTG’s significant growth in revenue and earnings in the 2011 fourth quarter and full year. In 2011, CTG’s staffing business grew 13% to $248.0 million, or 63% of total revenue.
Surge in Temp Workers Reflects Fundamental Change in American Workplace
Washington Post (02/18/12) Ylan Q. Mui
U.S. government data indicate that more than 25% of those who obtained employment since the end of the recession are holding temporary positions, which experts say indicates that businesses and employees no longer expect the relationship to last for life. Carl Camden, chief executive of the staffing firm Kelly Services, says the number of workers who consider themselves “free agents,” who move from project to project and could work for several companies simultaneously, climbed from 19% in 2006 to 44% in 2011.
The American Staffing Association says temporary workers are staying in their posts longer, 13.8 weeks on average. Typically, about half of those workers end up in permanent jobs.
As Job Market Mends, Dropouts Fall Behind
Wall Street Journal (02/21/12) Clare Ansberry
Although employment prospects for people with four-year college degrees are improving, high-school dropouts are falling further behind. Approximately 1.8 million more college graduates have found work since January 2010, but about 128,000 high-school dropouts lost work during the same time, according to the U.S. Bureau of Labor Statistics. Fewer than 40% of people over age 25 without a high-school diploma are employed, and things are likely to get worse for this population as jobs require sharper skills and more education. In 2020, nearly six million high-school dropouts will likely be unable to find work, according to a study by the McKinsey Global Institute. Meanwhile, there will be a shortage of about 1.5 million college-educated workers.
The Presidential Election—A Top Topic at the 2012 ASA Staffing Law Conference
This could be a critical election for the staffing industry, with the President, all of the U.S. House of Representatives, and 33 senators up for re-election. Find out what it could mean for the future of your company. During the 2012 ASA Staffing Law Conference—April 17–18 in Washington, DC—hear Charlie Cook, the pre-eminent authority on U.S. elections and political trends, give his predictions on the political outlook on the year ahead.
At the fourth annual conference devoted to legal and regulatory issues facing staffing firms, you also will have the opportunity to meet with your congressional representatives and their staffs on Capitol Hill to let them know how your business, and the staffing industry, help the economy and the country.
Register today and learn more about how you can make an impact this year.
ASAPro Webinar—Learn Best Practices for Drug and Alcohol Testing
This Thursday, Feb. 23, from 3 to 4 p.m. Eastern time, is the ASAPro Webinar “Best Practices for Drug and Alcohol Testing—What You Need to Know,” presented by Frederick T. Smith, Esq., partner in the Atlanta office of Seyfarth Shaw LLP.
During this ASAPro Webinar, you will learn the steps to follow when implementing drug testing, common signs and symptoms of illegal drug use, and much more.
ASAPro Webinars are free for ASA members ($295 for nonmembers) and qualify for continuing education hours toward ASA certification renewal. Register online at americanstaffing.net.
OFCCP Proposes Changes to Contractor Regulations on Hiring Individuals With Disabilities
Seyfarth Shaw (02/21/12)
U.S. Department of Labor’s Office of Federal Contract Compliance Programs proposed revisions to the regulations addressing affirmative action for individuals with disabilities. The proposed regulations follow the ADA Amendments Act of 2008, which broadened the definition of a disability under the Americans With Disabilities Act of 1990. This will greatly increase the number of individuals who are covered by OFCCP’s mandate.
Some Business Owners Say ICE Audits on Illegal Hiring Are ‘Money Grab’ With Paperwork Fines
Associated Press (02/20/12)
An analysis of about 800 audits completed by U.S. Immigration and Customs Enforcement since October 2010 by the Houston Chronicle found that the agency imposed $1.8 million in fines. Around 50% of the 117 companies were penalized for errors in employment verification paperwork, not for hiring illegal immigrants. These paperwork errors account for about 33% of fines.
Small businesses complain that the audits are a “money grab,” but ICE says the bookkeeping fines are part of a strategy to ensure compliance with the law and deter companies from hiring illegal workers. According to ICE, many businesses do not complete I-9 Forms or retain copies of Social Security cards and other documents, making it hard to prove whether illegal immigrants were hired.
EEOC to Receive a $14 Million Dollar Increase in Enforcement Budget
Lexology (02/14/12) Christina Stoneburner
President Obama has proposed an increase in the U.S. Equal Employment Opportunity Commission’s 2013 fiscal year budget. The increase in funding is going to be important for employers because the EEOC has announced that its priority will be to continue to litigate systemic cases, which have of late been focused on failure-to-hire cases.
Employers are obligated under federal regulations to maintain applications and any records relating to the application for employment, such as résumé and interview notes, for at least one year after the record is created. Employers should make sure that they have formal record retention policies governing the maintenance and destruction of all records related to personnel decisions.
Job Interviewing, to the Extreme
Los Angeles Times (02/19/12) Tiffany Hsu
With high unemployment translating into more résumés and applications for companies to sift through, many are taking a more creative approach to the interview process. For instance, the Minneapolis advertising agency Campbell Mithun has candidates apply by sending 13 Twitter messages, and the Austin, TX-based digital night-life guide SceneTap conducts joint interview in bars to make sure candidates can work as part of a team. Others ask questions to which there is no right answer, says Rosemary Haefner, vice president of human resources for ASA corporate partner CareerBuilder. “They want to know how creative job seekers are, how they respond under pressure, whether they’re more right-brain or left-brain,” she says.
These offbeat interviews also allow candidates to display unique talents and give companies a chance to assess their weaknesses. “Companies are being more innovative not just in finding people who fit the work but also those who fit the culture,” says Charles Purdy, career analyst for ASA corporate partner Monster. “As the workplace changes because of society norms and technology, the classic job interview is going to change as well.”
U.S. Manufacturing Sees Shortage of Skilled Factory Workers
Washington Post (02/20/12) Peter Whoriskey
Factories say they have plenty of jobs to offer U.S. workers, but skilled workers are in short supply. Many laid-off factory workers are able to operate old-fashioned presses and lathes, but don’t have the skills to operate newer factory equipment. Compounding the problem is a demographic shift. Many baby boomers are nearing retirement, and many younger workers have avoided the industrial sector due to its volatility and the view that U.S. manufacturing is a “dying industry.” As many as 600,000 manufacturing jobs are going unfilled, according to a recent survey by Deloitte for the Manufacturing Institute.