On Assignment Reports First Quarter 2012 Results
On Assignment Inc. News Release (04/26/12)
On Assignment Inc. reported revenues for the first quarter of 2012 were $167.1 million, up 29% year-over-year and up 3% from the preceding quarter. Net income was $5.4 million. Excluding acquisition-related expenses (net of tax), net income was $6.8 million, compared with $3.5 million in the first quarter of 2011.
The information technology and engineering segment revenues were $78.8 million, up 31.0% from the first quarter of 2011 and 10.6% from the fourth quarter of 2011. Life sciences segment revenues were $41.4 million, up 25.5% from the first quarter of 2011 and 1.1% from the fourth quarter of 2011. Health care segment revenues were $22.9 million, up 15.3% from the first quarter of 2011 and down 11.8% from the fourth quarter of 2011. Physician segment revenues were $24.1 million, up 45.8% from the first quarter of 2011 and up 1.6% from the fourth quarter of 2011.
Doherty Staffing Solutions Acquires Staffing Specialists Inc.
Doherty Staffing Solutions News Release (04/26/2012)
Doherty Staffing Solutions, based in Edina, MN, has acquired Staffing Specialists Inc., dba Job Jockeys, a Marshall, MN-based staffing and recruiting firm that specializes in clerical and light industrial staffing. This is Doherty’s second acquisition since its 2010 purchase of Top Temporary, now Top Talent Solutions.
Hudson Announces Corporate Name, Ticker Symbol Change
Hudson Global Inc. News Release (04/27/2012)
Hudson Highland Group Inc. on April 26 received stockholders’ approval at its annual meeting to change its corporate name to Hudson Global Inc. The company’s shares will begin trading under its new symbol “HSON” when markets open on April 30.
Employment Costs in the U.S. Increased 0.4% in First Quarter
Bloomberg BusinessWeek (04/27/12) Alex Kowalski
Compensation costs for civilian workers increased a seasonally adjusted 0.4% in the first quarter over the previous quarter, the U.S. Department of Labor said Friday. Economists projected a 0.5% gain, according to the median estimate in a Bloomberg News survey. Wages and salaries, which make up about 70% of compensation costs, increased 0.5%, and benefits also rose 0.5%. Year-over-year, compensation costs were up 1.9% vs. the 2% gain in the year to March 2011, with wages and salaries up 1.7% and benefits up 2.7%.
Business Spending Drop Limits U.S. Growth to 2.2%
MarketWatch (04/27/12) Greg Robb
The U.S. economy grew more slowly in the first three months of this year, as stronger consumer spending was offset by cutbacks in government spending and business investment. The U.S. Commerce Department reported today that the economy expanded at an annual rate of 2.2% in the January-March quarter, compared with a 3.0% gain in the final quarter of 2011. Economists polled by MarketWatch had expected a stronger 2.7% growth rate.
Now Available: 2012 ASA Staffing Law Conference Recordings
The ASA Staffing Law Conference held in Washington, DC, last week delivered critical legislative updates, strategies specific to the staffing industry, and timely information about current employment law issues. Now you can add recordings of these ASA Staffing Law Conference sessions to your must-have professional resources. The recordings are available on ASAPro—the ASA online professional development center.
Individual sessions are $49 for ASA members and $195 for nonmembers. To see which recordings are available and make your purchase, log in to your personal ASAPro account search for the keyword SLC2012. These are audio-only files that include links to PowerPoint slides and any additional resources. Listening to these recordings counts toward the legal continuing education requirement for ASA certification renewal.
You also can share your Staffing Law Conference experience by posting pictures and videos on the ASA fan page on Facebook. If you have not connected with ASA on Facebook yet, visit the ASA fan page and click “like.”
For more information, contact ASA at 703-253-2020 or email@example.com.
Every Day Is a Good Day to Hire Heroes
May is National Military Appreciation Month, but every day is a day to good day to hire the nation’s heroes.
ASA wants to remind you that hiring veterans and transitioning military service members makes good business sense. Veterans often make outstanding candidates in all occupational areas thanks to their professional discipline and work ethic. Plus, employers are eligible for tax credits of $2,400 to $9,600 per employee thanks to the VOW to Hire Heroes Act that was signed into law in November.
The ASA committee on social responsibility has compiled resources that staffing companies can use to help educate clients about the importance and benefits of hiring veterans. Visit americanstaffing.net to access these resources. To learn more about National Military Appreciation Month and how your company can help celebrate, visit nmam.org.
TN: Unemployment Act of 2012 Passes in State Senate
The Tennessee Senate has passed Senate Bill 3658, the Unemployment Insurance Accountability Act of 2012, which imposes new work search requirements for unemployment beneficiaries so that they must provide proof of contacting three or more employers per week or use the services of a career center. Random audits will be conducted to make sure unemployment beneficiaries actually are conducting job searches. The bill also will beef up the definition of employee misconduct to ensure that people who were fired for cause no longer get benefits.
How to Avoid Employee Retaliation Claims
Companies can do several things to avoid retaliation claims. First, companies should have a written policy that prohibits retaliation. Second, supervisors should not make firing decisions when they are angry. Third, companies should offer supervisors training about the subject and how to react when they receive a complaint from an employee. Fourth, supervisors should apply policies and practices consistently. Fifth, companies should publish their complaint reporting procedures. Finally, companies should follow up after an employee has complained to ensure there has been no retaliation.
U.S. Firms Add Jobs, but Mostly Overseas
Wall Street Journal (04/26/12) Scott Thurm
A Wall Street Journal analysis of 35 large U.S.-based multinational companies found they are creating jobs faster than other U.S. firms. Although close to 75% of the new jobs were overseas, 16 of the firms also added jobs in the U.S. Moreover, economists say the jobs created abroad are not related to efforts to shift work overseas to reduce costs but are related to increasing sales in emerging markets. They also point out that these companies support U.S. jobs in sales, engineering, and management when they boost overseas hiring.
Does Organized Labor Have a Future?
Los Angeles Times (04/27/12) David Lazarus
The U.S. Bureau of Labor Statistics says private-sector union membership reached an all-time low of 7.6% of the work force in 2011. Experts say union membership is viewed by some employees as less necessary today given that more employers offer health and retirement benefits, and the economic downturn furthered the decline of organized labor by making employees fearful about losing their jobs. In the future, the experts believe employees will retain some protections but will seek legal recourse for such things as disability and discrimination claims. Moreover, young people with a good grasp of social networking are expected to lead future labor movements.
HR Departments Grow, but Hiring Doesn’t
SmartMoney (04/26/12) Quentin Fottrell
Human resource departments are growing, even though the job outlook remains weak. The number of human resource specialists is expected to increase 21% by 2020, while the number of human resource managers is expected to increase 13%, according to the U.S. Bureau of Labor Statistics. Through the year ended March 2012, human resource job listings rose 14.5% to 288,258, according to SimplyHired.com. The increase in human resource staff is not necessarily indicative of hiring in other areas, though. There were large cuts in human resource jobs during the recession, and these jobs are just now returning to normal levels, says Pierpont Securities chief economist Stephen Stanley.