Jonas Prising Elected ManpowerGroup CEO; Jeffrey Joerres Named Executive Chairman
ManpowerGroup News Release
ManpowerGroup’s board of directors has elected Jonas Prising to be the company’s chief executive officer, effective May 1. Prising is currently ManpowerGroup president and executive vice president for the Americas and Southern Europe.
Darryl Green has been promoted to ManpowerGroup’s president and chief operating officer, effective the same date. Green is currently president and executive vice president, Asia Pacific Middle East and Northern Europe. Also, Sriram “Ram” Chandrashekar has been promoted to executive vice president and president, Asia Pacific Middle East, effective immediately.
Kforce Reports Fourth Quarter and Full Year 2013 Results
Kforce Inc. News Release
Kforce Inc. reported revenues of $302.9 million in the fourth quarter of 2013, up 12.3% from $269.8 million during the fourth quarter of 2012. The company reported adjusted net income of $9.1 million, up 6.6% from $8.6 million in the year-ago quarter.
Total revenue for the year was $1.15 billion, up 6.4% from $1.08 billion in 2012, and adjusted net income was $28.2 million, down 8.4% from $30.8 million on a year-to-year basis. “I think we are entering a new era for staffing. Our industry as a whole is actually in a time of prosperity, and we see that continuing for the foreseeable future,” said David Dunkel, Kforce chairman and chief executive officer.
Team Health Holdings Inc. Announces Fourth Quarter and Fiscal 2013 Financial Results
TeamHealth Holdings News Release
Team Health Holdings Inc. reported net revenues of $621.8 million in the fourth quarter of 2013, up 14.1% from $544.8 million in the year-ago quarter, and $2.38 billion for all of 2013, up 15.2% from $2.07 billion in 2012.
The company reported net earnings of $21.5 million for the fourth quarter, up 45.3% from $14.8 million in the fourth quarter of 2012, and $87.4 million for the full year, up 37% from $63.8 million in 2012.
Job Openings and Labor Turnover Little Changed
U.S. Bureau of Labor Statistics
There were 4.0 million job openings on the last business day of December according to the U.S. Bureau of Labor Statistics, showing little change from November in all industries and regions. The hires rate and the separation rate both remained at 3.2%, little changed from November. The number of job openings increased over the year for total nonfarm and total private and was little changed for government. The 12 months prior to December yielded a net employment gain of 1.9 million jobs.
The Quits Rate Will Likely Guide Future Fed Policy
(02/11/14) Christopher Matthews
Amid declining participation in the job market, the unemployment rate has become a less useful tool to gauge the health of the labor market, as people are dropping out of the labor market altogether rather than behaving like traditionally unemployed people do. The U.S. Federal Reserve is expected to turn to other measurements—namely, the quits rate—to guide monetary policy.
Federal Reserve Chairman Janet Yellen has previously said she’ll focus on the percentage of workers who are quitting each month. Yellen said last year that, “a pickup in the quit rate, which also remains at a low level, would signal that workers perceive that their chances to be rehired are good—in other words that labor demand has strengthened.” The rate remained roughly steady at 1.7% of nonfarm jobs in the latest report, but it has been slowly increasing since the depths of the recession. Though the quit rate still remains below average, observers expect this metric to improve along with the labor market, and Janet Yellen to use it as a benchmark to guide her decisions on monetary policy.
Free Town Hall Forum This Month—Ask the Tech Genius
Are tough technical questions keeping you from working as effectively as you could? Do you have imminent information technology decisions causing you anxiety? Get answers from staffing industry tech experts and find out how to create solutions to your most pressing IT issues during the ASAPro
town hall forum “Ask the Tech Genius
,” Wednesday, Feb. 26, 3–3:30 p.m. Eastern time.
webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net
Who’s Going to Be at the ASA Staffing Law Conference?
Charlie Cook, editor and publisher of the Cook Political Report
. David Michaels, Ph.D., MPH, assistant secretary of labor for occupational safety and health at the U.S. Occupational Safety and Health Administration. Immigration expert Helen Konrad, Esq. A panel of attorneys who serve as in-house counsel for staffing companies. And you—the ASA Staffing Law Conference, May 21–22 in Washington, DC, is the only program dedicated to the legal issues affecting the staffing and recruiting business.
Last year’s conference attracted a sold-out crowd, and seats remain limited for this year’s event. You’ll get insight into the U.S. Occupational Safety and Health Administration’s temporary worker safety initiative, the U.S. Equal Employment Opportunity Commission focus on recruitment and placement practices of staffing firms, the 2014 midterm elections, and more. Check out the full agenda and register online at americanstaffing.net