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POLACHI SURVEY FINDS CLEAN TECH EXECUTIVES OPTIMISTIC ON GROWTH

POLACHI SURVEY FINDS CLEAN TECH EXECUTIVES OPTIMISTIC ON GROWTH

Over 100 Clean Tech Executives and Investors Weigh in on the Industry’s Future
FRAMINGHAM, Mass., July 31, 2009 Polachi Inc., a provider of Access Executive Search™ services to technology, clean technology, private equity and venture capital companies, today issued the results of an online survey which polled over 100 clean tech executives and investors.  Despite a significant drop-off in private funding of clean tech companies in the first quarter of 2009, nearly all (89.9 %) of the survey respondents indicated they predict growth in the clean tech industry to resume in one year or less—with nearly one third (31.2%) of these executives claiming that growth has already resumed.  Additionally, three quarters (75%) of the executives indicated they believe the clean tech industry will be the key engine of economic growth over the next decade.
“Despite the Q1 drop-off in private funding, we are confident the clean tech industry is here to stay,” said Jim Poe, Partner at Polachi, Inc. “The fundamentals that drove such record-breaking growth over the last three years are still very relevant today and the results of this survey validate that executives and investors alike are optimistic about the future prospects for the industry.”
Polachi’s clean tech survey results follow recent hearings on Capital Hill on how to propel clean energy activity in the US. On July 16th, the Senate heard from various clean tech executives in a meeting entitled, “Ensuring and Enhancing U.S. Competitiveness while Moving toward a Clean Energy Economy.”  
There is no denying that last few months have been a bit of a waiting game, but we still hold strong in our belief that the clean-tech industry represents one of the greatest business opportunities of the century,” said Nick d'Arbeloff, executive director of the New England Clean Energy Council. “In the long term clean tech might even end up rivaling or surpassing IT in terms of historical magnitude.”
Although the executives expressed optimism about growth in clean tech, their responses demonstrated the existing challenges they face in obtaining private capital.  For example, when asked to choose which areas were most challenging to the success of their business and/or business interests, the majority of participants selected fundraising (56.3%), followed by establishing partnerships (19.4%) and government affairs/navigating legislation (18.4%).
When asked to rank major variables impacting growth in the clean tech industry, more than half (56%) cited flow of private capital as being “most impactful,” followed by the general state of the economy (46.8%), the price of oil and other commodities (33.3%) and uncertainty about how to access federal stimulus funds (11%).

In terms of geographical promise, the survey found the highest number (33%) of executives are betting on the west coast/Silicon Valley when it comes to which US region represents the best growth opportunities in clean tech; 18.4% indicated the northeast and 15.5% selected the southwest.
Developed and administered by Polachi, the survey was distributed via email this month and completed by a total of 109 clean tech executives and investors representing a range of sub-sectors including solar, biofuels, smartgrid/energy automation, geothermal, green chemistry, lighting, materials and green transportation.
To view the full results of the survey please visit, http://tr.im/uD8h.
About Polachi, Inc.
Polachi, Inc. (www.polachi.com) provides Access Executive Search™ services to technology, clean technology, private equity and venture capital companies. The firm’s partners, all search industry veterans with decades of experience, understand that leading companies deserve access to the absolute best talent on the planet. While traditional executive search firms limit candidate access due to “off-limits” protocol, and newer search firms lack the breadth and depth of connections, Polachi’s Access Executive Search™ model, coupled with unmatched agility, delivers the most accelerated results.  Polachi is a sponsor of the New England Clean Energy Council (NECEC) as well as a founding member of Access Search Partners™ (ASP), a partnership of four leading technology search firms that provides clients with specialist search services on a global scale. For more information about Polachi please call 508-650-9993 or visit www.polachi.com.

PR Contact:                         Liz Bradley
                                       Kel & Partners
                                       617.904.9393, ext. 119  
                                       Liz@kelandpartners.com

Hudson Highland Group Reports 2009 Second Quarter Financial Results


Hudson Highland Group, Inc. (Nasdaq: HHGP), one of the world's leading providers of permanent recruitment, contract professionals and talent management solutions, today announced financial results for the second quarter ended June 30, 2009.
2009 Second Quarter Summary
--  Revenue of $173.8 million, a decrease of 42.6 percent from $303.1
        million for the second quarter of 2008, and an increase of $9.1 million
        or 5.6 percent from the first quarter of 2009
    --  Gross margin of $64.9 million, or 37.3 percent of revenue, down 51.7
        percent from $134.4 million, or 44.3 percent of revenue for the same
        period last year, and an increase of $2.9 million or 4.6 percent from
        the first quarter of 2009
    --  Adjusted EBITDA* loss of $4.4 million, or 2.6 percent of revenue, down
        from adjusted EBITDA of positive $11.4 million for the second quarter of
        2008, and an improvement from the adjusted EBITDA loss of $9.7 million
        in the first quarter of 2009
    --  EBITDA* loss of $9.6 million, down from EBITDA of positive $10.4 million
        for the same period in 2008
    --  Net loss from continuing operations of $15.5 million, or $0.59 per basic
        and diluted share, compared with net income from continuing operations
        of $1.9 million, or $0.07 per basic and diluted share, for the second
        quarter of 2008
-- Net loss of $17.8 million, or $0.68 per basic and diluted share, compared with net income of $5.0 million, or $0.20 per basic and $0.19 per diluted share, for the second quarter of 2008
*Adjusted EBITDA and EBITDA are defined in the segment tables at the end of this release.
"Despite an adverse economic environment in the second quarter, we were able to reduce our first quarter adjusted EBITDA loss by 54 percent due to aggressive cost management," said Jon Chait, Hudson Highland Group chairman and chief executive officer. "While we expect the environment to remain challenging, I believe that we have weathered the worst of the declines and there is evidence that market demand levels are beginning to stabilize."
"Our recent office restructuring actions and additional cost reductions are helping to position the company for a profitable future when the recovery takes hold," said Mary Jane Raymond, the company's executive vice president and chief financial officer. "We expect our adjusted EBITDA in the second half of 2009 to improve over the first half of the year, notwithstanding a possible seasonal decline in the third quarter. We expect cash trends to improve as well."
Restructuring Program
During the third quarter of 2009, the company expects to continue to streamline its operations in response to current economic conditions. Last quarter, the company increased the size of the 2009 restructuring plan to $11 - $16 million and expects to incur $1 - $4 million of restructuring charges during the third quarter of 2009. Second quarter restructuring expenses of $3.6 million were related to severance and lease terminations, primarily in Europe and North America.
Liquidity and Capital Resources
The company ended the second quarter of 2009 with $47.2 million in cash including $11.3 million currently borrowed under its amended credit facility, up from $46.3 million at the end of the first quarter of 2009. In addition, the company has excess availability under its amended credit facility of $6.7 million. The company received $11.6 million in April 2009 from Heidrick & Struggles for the final earn-out from the sale of Highland Partners in 2006.
Guidance
Despite recent signs of increasing stability, visibility remains low. As a result, the company will not provide formal guidance for the third quarter of 2009. The company will comment on current trends and its outlook for the third quarter on its second quarter earnings call.
Additional Information
Additional information about the company's quarterly results can be found in the shareholder letter and the second quarter earnings slides in the investor information section of the company's Web site at www.hudson.com.
Conference Call/Webcast
Hudson Highland Group will conduct a conference call Thursday, July 30, 2009 at 10:00 a.m. ET to discuss this announcement. Individuals wishing to participate can join the conference call by dialing 1-800-374-1532 followed by the participant passcode 19999263 at 9:50 a.m. ET. For those outside the United States, please call in on 1-706-634-5594 followed by the participant passcode 19999263. Hudson Highland Group's quarterly conference call can also be accessed online through Yahoo! Finance at www.yahoo.com and the investor information section of the company's Web site at www.hudson.com.
The archived call will be available for one week by dialing 1-800-642-1687 followed by the participant passcode 19999263. For those outside the United States, the call will be available on 1-706-645-9291 followed by the participant passcode 19999263.
About Hudson Highland Group
Hudson Highland Group, Inc. is a leading provider of permanent recruitment, contract professionals and talent management services worldwide. From single placements to total outsourced solutions, Hudson helps clients achieve greater organizational performance by assessing, recruiting, developing and engaging the best and brightest people for their businesses. The company employs nearly 2,500 professionals serving clients and candidates in more than 20 countries. More information is available at www.hudson.com.
Safe Harbor Statement
This press release contains statements that the company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including those under the caption "Guidance" and other statements regarding the company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors include, but are not limited to, the impact of global economic fluctuations including the current economic downturn; the ability of clients to terminate their relationship with the company at any time; risks in collecting our accounts receivable; implementation of the company's cost reduction initiatives effectively; the company's history of negative cash flows and operating losses may continue; the company's limited borrowing availability under our credit facility, which may negatively impact our liquidity; restrictions on the company's operating flexibility due to the terms of its credit facility; fluctuations in the company's operating results from quarter to quarter; risks relating to the company's international operations, including foreign currency fluctuations; risks related to our investment strategy; risks and financial impact associated with dispositions of underperforming or non-core assets; the company's heavy reliance on information systems and the impact of potentially losing or failing to develop technology; competition in the company's markets and the company's dependence on highly skilled professionals; the company's exposure to employment-related claims from both clients and employers and limits on related insurance coverage; the company's dependence on key management personnel; volatility of stock price; the impact of government regulations; restrictions imposed by blocking arrangements. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this letter. The company assumes no obligation, and expressly disclaims any obligation, to review or confirm analysts' expectations or estimates or to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Financial Tables Follow
HUDSON HIGHLAND GROUP, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
              (in thousands, except share and per share amounts)
                                  (unaudited)
Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2009 2008 2009 2008 ---- ---- ---- ----
Revenue $173,848 $303,128 $338,539 $596,159 Direct costs 108,964 168,725 211,651 338,579 ------- ------- ------- ------- Gross margin 64,884 134,403 126,888 257,580 ------ ------- ------- ------- Operating expenses: Selling, general and administrative expenses 69,329 123,002 141,030 239,398 Depreciation and amortization 2,840 3,537 6,628 7,362 Business reorganization and integration expenses 3,562 1,024 9,401 2,216 Goodwill and other impairment charges 1,549 - 1,549 - ----- --- ----- --- Total operating expenses 77,280 127,563 158,608 248,976 ------ ------- ------- ------- Operating (loss) income (12,396) 6,840 (31,720) 8,604 Other (expense) income: Interest, net (182) 204 (372) 558 Other, net 54 1,095 674 1,358 -- ----- --- ----- (Loss) income from continuing operations before income taxes (12,524) 8,139 (31,418) 10,520 Provision (benefit) for income taxes 2,975 6,281 (1,085) 8,060 ----- ----- ------ ----- (Loss) income from continuing operations (15,499) 1,858 (30,333) 2,460 (Loss) income from discontinued operations, net of income taxes (2,272) 3,098 7,003 3,860 ------ ----- ----- ----- Net (loss) income $(17,771) $4,956 $(23,330) $6,320 ======== ====== ======== ====== Basic (loss) income per share: (Loss) income from continuing operations $(0.59) $0.07 $(1.18) $0.10 (Loss) income from discontinued operations (0.09) 0.13 0.27 0.15 ----- ---- ---- ---- Net (loss) income $(0.68) $0.20 $(0.91) $0.25 ====== ===== ====== =====
Diluted (loss) income per share: (Loss) income from continuing operations $(0.59) $0.07 $(1.18) $0.10 (Loss) income from discontinued operations (0.09) 0.12 0.27 0.15 ----- ---- ---- ---- Net (loss) income $(0.68) $0.19 $(0.91) $0.25 ====== ===== ====== =====
Weighted average shares outstanding: Basic 26,311 24,984 25,744 25,135 Diluted 26,311 25,512 25,744 25,616
HUDSON HIGHLAND GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amount) (unaudited)
June 30, December 31, 2009 2008 ---- ---- ASSETS Current assets: Cash and cash equivalents $47,238 $49,209 Accounts receivable, net 104,794 127,169 Prepaid and other 15,438 15,411 Current assets from discontinued operations 831 2,360 --- ----- Total current assets 168,301 194,149 Intangibles, net 971 2,498 Property and equipment, net 21,128 24,379 Other assets 13,152 9,927 Total assets $203,552 $230,953 ======== ========
LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $12,984 $15,693 Accrued expenses and other current liabilities 60,716 76,447 Short-term borrowings 11,348 5,307 Accrued business reorganization expenses 6,955 5,724 Current liabilities from discontinued operations 1,185 1,410 ----- ----- Total current liabilities 93,188 104,581 Other non-current liabilities 19,157 16,904 Accrued business reorganization expenses, non- current 819 1,476 --- ----- Total liabilities 113,164 122,961 Stockholders' equity: Preferred stock, $0.001 par value, 10,000 shares authorized; none issued or outstanding - - Common stock, $0.001 par value, 100,000 shares authorized; issued 26,694 and 26,494 shares, respectively 27 26 Additional paid-in capital 445,123 450,739 Accumulated deficit (386,235) (362,905) Accumulated other comprehensive income- translation adjustments 31,756 27,054 Treasury stock, 107 and 1,140 shares, respectively, at cost (283) (6,922) ---- ------ Total stockholders' equity 90,388 107,992 ------ ------- Total liabilities and stockholders' equity $203,552 $230,953 ======== ========
HUDSON HIGHLAND GROUP, INC. SEGMENT ANALYSIS (in thousands) (unaudited)
For The Three Hudson Months Ended Hudson Hudson Asia June 30, 2009 Americas Europe Pacific Corporate Total --------- ------- -------- --------- ----- Revenue $43,133 $68,187 $62,528 $- $173,848 ======= ======= ======= == ======== Gross margin $10,512 $31,280 $23,092 $- $64,884 ------- ------- ------- -- ------- Adjusted EBITDA (1) $(495) $798 $444 $(5,192) $(4,445) Business reorganization and integration expenses 1,124 2,328 96 14 3,562 Goodwill and other impairment charges (120) - 1,669 - 1,549 ---- --- ----- --- ----- EBITDA (1) (1,499) (1,530) (1,321) (5,206) (9,556) Depreciation and amortization 1,048 1,017 745 30 2,840 ----- ----- --- -- ----- Operating (loss) income $(2,547) $(2,547) $(2,066) $(5,236) $(12,396) ======= ======= ======= ======= ========
For The Three Hudson Months Ended Hudson Hudson Asia June 30, 2008 Americas Europe Pacific Corporate Total --------- ------- -------- --------- ----- Revenue $71,507 $115,696 $115,925 $- $303,128 ======= ======== ======== == ======== Gross margin $20,186 $63,326 $50,891 $- $134,403 ------- ------- ------- -- -------- Adjusted EBITDA (1) $1,734 $9,870 $9,011 $(9,214) $11,401 Business reorganization and integration expenses 245 779 - - 1,024 Goodwill and other impairment charges - - - - - --- --- --- --- --- EBITDA (1) 1,489 9,091 9,011 (9,214) 10,377 Depreciation and amortization 1,171 1,329 984 53 3,537 ----- ----- --- -- ----- Operating income (loss) $318 $7,762 $8,027 $(9,267) $6,840 ==== ====== ====== ======= ======
(1) Non-GAAP earnings before interest, income taxes, special charges, other non-operating expense, and depreciation and amortization ("Adjusted EBITDA") and non-GAAP earnings before interest, income taxes, other non- operating expense, and depreciation and amortization ("EBITDA") are presented to provide additional information about the company's operations on a basis consistent with the measures which the company uses to manage its operations and evaluate its performance. Management also uses these measurements to evaluate capital needs and working capital requirements. Adjusted EBITDA and EBITDA should not be considered in isolation or as a substitute for operating income, cash flows from operating activities, and other income or cash flow statement data prepared in accordance with generally accepted accounting principles or as a measure of the company's profitability or liquidity. Furthermore, adjusted EBITDA and EBITDA as presented above may not be comparable with similarly titled measures reported by other companies.
HUDSON HIGHLAND GROUP, INC. SEGMENT ANALYSIS (in thousands) (unaudited)
For The Six Hudson Months Ended Hudson Hudson Asia June 30, 2009 Americas Europe Pacific Corporate Total --------- ------- -------- --------- ----- Revenue $87,155 $134,116 $117,268 $- $338,539 ======= ======== ======== == ======== Gross margin $21,482 $61,584 $43,822 $- $126,888 ------- ------- ------- -- -------- Adjusted EBITDA (1) $(3,659) $(282) $(261) $(9,940) $(14,142) Business reorganization and integration expenses 2,747 4,666 1,974 14 9,401 Goodwill and other impairment charges (120) - 1,669 - 1,549 ---- --- ----- --- ----- EBITDA (1) (6,286) (4,948) (3,904) (9,954) (25,092) Depreciation and amortization 2,053 2,820 1,662 93 6,628 ----- ----- ----- -- ----- Operating (loss) income $(8,339) $(7,768) $(5,566) $(10,047) $(31,720) ======= ======= ======= ======== ========
For The Six Hudson Months Ended Hudson Hudson Asia June 30, 2008 Americas Europe Pacific Corporate Total --------- ------- -------- --------- ----- Revenue $154,769 $226,028 $215,362 $- $596,159 ======== ======== ======== == ======== Gross margin $42,940 $120,883 $93,757 $- $257,580 ------- -------- ------- -- -------- Adjusted EBITDA (1) $2,959 $15,583 $14,783 $(15,143) $18,182 Business reorganization and integration expenses 1,705 416 95 - 2,216 Goodwill and other impairment charges - - - - - --- --- --- --- --- EBITDA (1) 1,254 15,167 14,688 (15,143) 15,966 Depreciation and amortization 2,344 2,972 1,940 106 7,362 ----- ----- ----- --- ----- Operating (loss) income $(1,090) $12,195 $12,748 $(15,249) $8,604 ======= ======= ======= ======== ======
(1) Non-GAAP earnings before interest, income taxes, special charges, other non-operating expense, and depreciation and amortization ("Adjusted EBITDA") and non-GAAP earnings before interest, income taxes, other non- operating expense, and depreciation and amortization ("EBITDA") are presented to provide additional information about the company's operations on a basis consistent with the measures which the company uses to manage its operations and evaluate its performance. Management also uses these measurements to evaluate capital needs and working capital requirements. Adjusted EBITDA and EBITDA should not be considered in isolation or as a substitute for operating income, cash flows from operating activities, and other income or cash flow statement data prepared in accordance with generally accepted accounting principles or as a measure of the company's profitability or liquidity. Furthermore, adjusted EBITDA and EBITDA as presented above may not be comparable with similarly titled measures reported by other companies.
Contact: David F. Kirby Hudson Highland Group 212-351-7216 david.kirby@hudson.com


Source Hudson Highland Group, Inc.

Ray & Berndtson Selected to Leads Search for New President & CEO

AESC member Ray & Berndtson has been retained by Sudbury Regional Hospital to assist the hospital in its search for a new president and chief executive officer. Sudbury Regional Hospital is a regional resource and referral centre, which provides hospital-based acute, transitional and rehabilitation care for over 530,000 residents across northeastern Ontario.

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Private Coaching by Bill Radin

Dear Fellow Recruiter:

Are you overworked and underpaid? If so, I can help. 

For a limited time, I'll be accepting new clients for my private coaching services. Whether you work alone or with a group, I can help improve your productivity—
and your income.

A World-Wide Lifeline
No matter where you live, I can serve as your mentor, trainer and advisor. I'll answer your questions, help you set goals and even role-play your trickiest situations.

Through the magic of Skype, we can work together to improve your skills, boost your confidence and manage your time more efficiently. As a result, you'll:
Market your services with more authority;
Find opportunities that other recruiters can't;
Recruit higher quality candidates;
Increase your level of activity; and
Make more placements.

The Benefits of Private Coaching
If you think about it, there's a successful coach behind most top performers. Ask yourself: Where would the world-champion L.A. Lakers basketball team be without head coach Phil Jackson? 

Even if you already have a talented manager or supervisor, a coach can help you get better results. That's why top high-school students hire tutors to improve their grades and college-entrance test scores. In the war for academic talent, only the best and the brightest will make the cut.

Call Me Today
And Save Big
Together, we can design a program that fits your needs. And for a limited time, you'll receive my private coaching for only $195.00 per hour
a huge, $100.00 discount from my standard coaching fee. 

Or, for an even bigger savings, you can purchase 4 hours of training for only $595.00 and save a whopping $585.00!

Don't delay
call me today at (513) 624-7501 or visit me online at www.billradin.com/recruiter_coaching.htm. It could be the best investment you'll ever make.

Sincerely,
Bill Radin, President
Winning Strategies for Recruiters
P.S. If you'd like a full day of in-person training, my seminars are only a few weeks away. For information, please visit www.billradin.com/recruiting_seminars.htm. See you there!

Strategic Compensation & Benefits 2009

3rd Annual Pan-European
Strategic Compensation & Benefits 2009
Designing Innovative and Effective Reward Strategies to Achieve Strategic Goals, Enhance Performance and Improve the Bottom Line
8th - 9th October 2009: London, UK
 
 
With the turmoil of the last year every company, no matter country or sector need to review their targets to emerge stronger, more competitive and profitable. Effectively remunerating the workforce is essential to keep employees motivated and performing well and the crucial role of HR lies in restructuring their compensation policies to align with the new targets and objectives of their company. Designing a flexible and effective reward structure at the same time as reducing the total cost of remuneration is the challenge facing all compensation and benefit professionals.
 
Responding to current market needs, this marcus evans conference will showcase the latest and most innovate best practices from a wide range of leading companies focusing on all facets of achieving a successful and efficient remuneration programme. It will show how to succeed in today's competitive talent market and increase the cost effectiveness of the overall compensation structure.
 
 
Attending this Premier marcus evans Conference Will Enable You to:
  • Implement a total reward solution incorporating all compensation elements in all layers of the organisation
  • Increase the cost efficiency of your compensation system
  • Improve employee performance through a targeted reward programme
  • Maximise employee retention with effective long term incentives
  • Successfully align reward and company strategy
  • Learn best practice strategies to effectively integrate two different compensation and benefits policies
  • Understand the impact of regulatory developments when developing a reward structure
 
marcus evans Expert Speaker Panel:
  • Helen Holohan, Compensation and Benefits Director EMEA, Dell Corporation
  • Enrique Zamarbide, Vice President, Compensation and Benefits, Alstom Power
  • Sarah Robinson, Director, Rewards & Corporate HR, Business Partnership, Coca-Cola Hellenic
  • Annemie Ress, Senior HR Director, eBay
  • Tom Dewaele, Reward, Target Setting and Support Functions Director, InBev
  • Tony Hatton-Gore, Head of Remuneration and Benefits, Arup
  • Marinela Tanase, Global Manufacturing Organisational, Development Project Manager, British American Tobacco
  • Jeanette Reid, Head of Rewarding and Staffing, Novartis Pharmaceuticals
  • Maria Boucher, Human Resources Director, Russia and CIS, Boeing
  • Harsha Modha, Director, Benefits Programmes, GlaxoSmithKline
  • Robert Derry, Head of Global HR Programmes, Rabobank
  • Tim Knight, Head of Compensation and Benefits, National Bank of Abu Dhabi
  • Sonia Nefatti, General Manager, Corporate Compensation, ArcelorMittal
  • André Leclercq, Vice President, Corporate Human Resources, Compensation, Benefits, & International Mobility, ArcelorMittal
  • Debra Corey, Senior Director, Compensation and Benefits EMEA, Quintlies Limited
  • Soraya Salem, Director, Global Compensation and Benefits, GTA by Travelport
 
 
"This timely business forum will present up-to-date information on current strategies for compensation,
benefits and total rewards to help your organisation succeed in today's competitive talent market."
 
 
 
Learn from Key Practical Case Studies:
  • GlaxoSmithKline design a total reward package in today's economic environment
  • Dell Corporation explore the most innovative trends in non financial compensation
  • Boeing successfully combine the different compensation culture of all branches
  • ArcelorMittal discuss employee retention through adopted compensation in turbulent times
  • Rabobank align compensation programmes with performance management
  • eBay effectively communicate the reward strategy for maximum results
 
 
 
 
For a full program, pricing and registration information please send Email with "more info Compensation and Benefits" in the subject field.
 
Please feel free to forward this post to any colleagues who you think might be interested in the event.
 
Mr Ola Samuelsson
Senior Marketing Manager
marcus evans
11 Connaught Place
London W2 2ET
England

The Consumer Crunch. Is the average wage in the UK just to low?

We have heard that it’s the Banks fault we are in trouble, our fault for over borrowing, some blame the high price of oil for the depression and now its consumers; we aren’t spending enough.  We need to spend our way out of the crunch; hence the use of quantative easing (printing money) to make more money available for us to spend and pay off our personal and more importantly for Brown our governments huge national debt.
Over the last ten years the low cost of borrowing and rising house prices has given people the illusion of wealth and covered up a very important point that is becoming more and more obvious, for the majority wages are to low.  Many people simply don’t earn enough to allow for spending on luxury products and services without the addition of equity release and cheap borrowing.

Why? Amongst other things you could look at immigration policy that has kept wages low, outsourcing professional jobs abroad, importing as many products from BRIC countries as possible and a low minimum wage.   All of this has helped the government and helped companies earn more profit up to now but is starting to ‘turn round and bite them’ as it has led to their target market for their sales (western citizens) not having enough spare cash to consume and Asia’s consumers not yet ready to step up and take their place. 
So to some degree do companies have themselves to blame?  In its simplest form; if you decide not to pay your target market to be a part of your production or service process and instead give the money to someone else as it’s cheaper but who is unlikely to purchase your finished products or use your services, is it that much of a surprise when the target market decides it can’t afford to buy?  Regardless of how much lower your costs are if you can’t make sales is it a false economy?  Of course we can’t change free market forces and wouldn’t want to, any company paying more would lose out to all the rest who still keep their costs as low as possible but wages do appear to have lagged behind the cost of living in the West for many and if wages aren’t going up then eventually the cost of living has to come down; oh! Isn’t that where we are now?
The latest figures show negative consumer price inflation (CPI) in 14 countries.  In Ireland prices are collapsing at 4.7% annually. In the US they are falling at 1.3% and here in Britain while it still remains positive it is falling.

Telephone Number: 0207 096 1205,
E-mail Address: info@therecruitmentexchange.com,
Web site address: www.therecruitmentexchange.com

Dillistone Systems Unveils FILEFINDER 9 In Spanish


(New York, USA) - Dillistone Systems, the global supplier of FILEFINDER – intelligent software for Executive Recruiters, is proud to present its latest version, FILEFINDER 9 in Spanish.
FILEFINDER software is specifically around the process of Executive Search and is used both by executive search firms and in-house talent acquisition and sourcing teams in 56 countries. In addition to being a powerful database, project management and CRM system, FILEFINDER features the unique Research Zone - a cutting edge tool specifically designed to help source potential candidates for specialist and executive level positions from corporate websites, social networking sites, press releases and news aggregators.
Jason Starr, President of Dillistone Systems, said: "Being a global company, we are aware of the importance for consultants to work in their native language. This helps them in their dealings with candidates, clients and colleagues. For this reason, we are proud to have launched FILEFINDER 9 in Spanish, in addition to the German and English version already available.”
If you're interested in learning more about FILEFINDER, contact our sales team by calling +1 (201) 653-0013 or by sending an email to sales@dillistone.com.
Dillistone Systems Inc
50 Harrison Street, Suite 201A
Hoboken, NJ 07030

Telephone: +1 (201) 653-0013
Fax: +1 (201) 221-7518

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