Kforce Reports Quarterly Revenues of $268.4 Million From Continuing Operations
Kforce Inc. News Release (05/01/12)
Kforce Inc. reported revenues from continuing operations for the quarter ended March 31 were $268.4 million compared with $259.3 million for the quarter ended Dec. 31, 2011, an increase of 3.5% and compared with $236.4 million for the quarter ended March 31, 2011, an increase of 13.5%. For the quarter ended March 31, Kforce reported net income of $4.1 million, or $0.12 per share, versus $7.1 million, or $0.20 per share, for the quarter ended Dec. 31, a decrease of 42.5% in net income and 40.0% in earnings per share. Net income for the first quarter of 2012 decreased 15.8%, versus the first quarter of 2011, which had net income of $4.8 million.
Hudson Global Reports 2012 First Quarter Results, Announces Strategic Restructuring Charge
Hudson Global Inc. News Release (05/01/2012)
Hudson Global Inc. has announced financial results for the first quarter ended March 31, 2012. The company reported revenue of $200.6 million, a decrease of 8.2% from the first quarter of 2011, or 8.9% in constant currency. There was a net loss of $3.2 million, compared with a net loss of $0.0 million for the first quarter of 2011.
RCM Technologies Inc. Announces Results
RCM Technologies News Release (05/01/2012)
RCM Technologies Inc. announced revenues of $38.2 million for the 13-week period ended March 31, down from $38.7 million for the 13-week period ended April 2, 2011 (comparable prior year period). The company had operating income of $1.8 million for the 13-week period ended March 31, as compared with $2.1 million for the comparable prior year period. Net income for the 13-week period ended March 31 was $1.1 million, or $0.08 per diluted share, as compared with net income of $1.2 million, or $0.09 per diluted share, for the comparable prior year period.
ADP Says Companies Add Fewest U.S. Workers in Seven Months
Bloomberg (05/02/12) Shobhana Chandra
Private-sector payrolls increased 119,000 in April, led by the service-providing sector and small and medium businesses, according to the ADP employment report released today. The median forecast of economists surveyed by Bloomberg News called for a 170,000 advance. The March level was revised to a gain of 201,000 from a prior estimate of 209,000.
Companies may remain hesitant about expanding their work force until they see more evidence that the gains in consumer spending, which accounts for about 70% of the economy, will be sustained. “Employment growth is slowing,” says David Sloan, an economist at 4Cast Inc. in New York. “The economy is growing at a fairly slow pace, though it’s sustainable.”
April 2012 Manufacturing ISM Report on Business
Institute for Supply Management News Release (05/01/2012)
Economic activity in the manufacturing sector expanded in April for the 33rd consecutive month, and the overall economy grew for the 35th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. “The PMI registered 54.8%, an increase of 1.4 percentage points from March’s reading of 53.4%, indicating expansion in the manufacturing sector for the 33rd consecutive month. Sixteen of the 18 industries reflected overall growth in April, and the new orders, production, and employment indexes all increased, indicating growth at faster rates than in March,” says Institute for Supply Management chairman Bradley J. Holcomb.
Volt Information Sciences Names Ron Kochman President and CEO
Volt Information Sciences News Release (05/01/12)
Volt Information Sciences Inc. has announced that Ron Kochman has been named president and chief executive officer, replacing Steven Shaw who has resigned from this position and will be pursuing other opportunities. Kochman has also been elected to Volt’s board of directors. The company also announced that interim chief financial officer James Whitney Mayhew has been appointed chief financial officer and that Jerry Shaw, a co-founder of the company, will rejoin the board. Kochman has previously served in various executive roles over the past 25 years at Volt, most recently as senior vice president of strategic planning.
Why Should You Attend Staffing World® 2012?
At Staffing World, during three intense days of high-level, interactive learning and industry-specific content offered nowhere else, you will find more than 30 premier executive education opportunities you can’t afford to miss.
Take a look at these workshop titles. They’re just a sample of the industry’s best executive education offered at the ASA annual convention and expo:
- “Transformational Technology: Today’s Hottest Tech Tools”
- “Buying or Selling in Today’s M&A Market”
- “Break Free From the Competition”
- “Win the Battle for Top Talent”
- “Use a Board as a Strategic Weapon”
Staffing World 2012, Oct 9–11 in Las Vegas, is the world’s largest industry convention and expo—and it’s three days you can’t afford to miss. Register today at staffingworld.org.
Network in Your Niche: ASA Industrial Membership Section
Looking for safety best practices? Want to build a network of professionals who face the same challenges and opportunities as you? Join the ASA industrial membership section.
The industrial membership section brings together ASA members from different industrial staffing companies as friendly competitors to share best practices and overcome shared challenges. Sector-specific issues that the industrial membership section will address this year include safety best practices, strategies for transitioning veterans into the work force, and combating the national skills shortage and perception of the sector.
Individual enrollment is free and open to all ASA members specializing in industrial staffing—sign up today. To learn more about the industrial membership section, visit americanstaffing.net.
Keep an Open Ear
HR Magazine (05/12) Dori Meinert
Employers considering hiring foreign nationals from a temporary staffing firm should first check to see if the organization is a member of the American Staffing Association, says Steven Berchem, the association’s chief operating officer. Association members must agree to a code of ethics, Berchem notes, and many association members also earn individual professional certifications, indicating their interest in learning legal and ethical practices. The association also offers corporate certifications.
Mary Wilson, owner of the Holiday Inn Express and Sleep Inn in Douglas, WY, advises employers that have hired workers through a staffing firm to keep open communications with the workers, even when they are not direct employees. “Listen to the employees and what’s happening to them,” she says. Wilson was approached about hiring Filipino nationals from the Giant Labor Solutions staffing firm to work at her hotels in late 2008. She eventually realized something was wrong when the employees told her they were having trouble getting their visas from Giant Labor Solutions. Wilson tried contacting the firm, but received no response. Eventually Abrorkhodja Askarkhodjaev, an Uzbekistan citizen who led the multinational criminal enterprise that included Giant Labor Solutions, was sentenced to 12 years in prison for trafficking hundreds of foreign nationals in 14 states.
How Maintaining Good Records Can Help Avoid Employee Lawsuits
Smart Business (05/01/12)
To avoid lawsuits from employees who think they were unfairly terminated, employers should maintain solid job applications that do not request irrelevant and possibly discriminatory information, accurate job descriptions, and documents signed by applicants stating that they will comply with company rules and regulations. Personal records and medical records must be filed separately to ensure employment decisions are not based on protected criteria, according to the U.S. Equal Employment Opportunity Commission.
Employers would be wise to review and document employee performance and ensure any performance issues are immediately and objectively documented by supervisors. Employers should consult with an employment law expert to review their record-keeping process to fill in any gaps, implement a more solid record-keeping system, and train all company leaders on the policies and procedures.
Wal-Mart to Pay $4.8 Million in Back Wages, Damages
Wall Street Journal (05/02/12) Shelly Banjo
As part of a settlement with the U.S. Department of Labor for alleged violations of the federal Fair Labor Standards Act’s overtime laws, Wal-Mart Stores Inc. will pay $4.8 million in back wages and damages and $464,000 in civil penalties, with more than 4,500 workers receiving payments of $30 to $10,800. DOL accused the company of incorrectly classifying security guards or managers in its vision departments as exempt from overtime rules. The violations occurred between 2004 and 2007, and Wal-Mart reclassified the workers and altered its pay practices when DOL informed the company of the issues back in 2007.
Labor Forecast Predicts 8.2% Increase in Demand for Temporary Workers in 2012 Second Quarter
G. Palmer & Associates (04/19/12)
Demand for temporary workers in the U.S. is expected to increase 8.2% on a seasonally adjusted basis for the 2012 second quarter, when compared with the same period in 2011, according to the latest Palmer Forecast. “Our forecast for the 2012 second quarter follows recent trends showing growth and indicating another increase in demand for temporary workers, marking the 10th consecutive quarter of year-over-year increases,” says Greg Palmer, founder and managing director of G. Palmer & Associates. “There were 167,000 additional temporary jobs added in 2011 over 2010, following an increase of 339,000 temporary jobs in 2010 over 2009 … Most of the trends remain relatively positive for continued high single-digit temporary help growth,” Palmer adds.
How Technology Can Make Hiring the Right Candidates Easier
Smart Business (05/01/12)
Jeremy Wilcomb, operations manager of the staffing firm the Daniel Group, says technology can aid the traditional recruiting process as well as allow companies to find candidates through such sites as LinkedIn, Twitter, and CareerBuilder, an ASA corporate partner. Companies can search both domestically and internationally and quickly locate qualified candidates with the help of social networking. Moreover, technology can be used to gather more information about candidates, and video résumés and Skype interviews allow them to get to know candidates, particularly those from out-of-state, in a way that paper and phone communications do not allow. Companies also benefit from partnering with staffing firms, which use technology to prescreen candidates and generate reports about staffing needs in terms of finances, project management, and training so that they can gauge future staffing issues.