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Human Capital News Update
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HSZ Media's Human Capital News Update delivers market intelligence to human capital business leaders seeking a competitive edge in the global war for talent. Our real time daily briefings and weekly Q&A's track human capital news for subscribers seeking global talent management knowledge.
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Today's Headlines
Saturday, September 4, 2010
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KENEXA TO ACQUIRE SALARY.COM
Kenexa Corporation, a global provider of business solutions for human resources, has entered into an agreement to acquire Salary.com, Inc. in an all cash tender offer and merger for $4.07 per share, or approximately $80 million. Kenexa expects to complete the cash tender offer and close the transaction during the fourth quarter of 2010. Salary.com provides on-demand compensation software that helps businesses and individuals manage pay and performance. "We are very excited to announce the acquisition of Salary.com, which provides Kenexa with significant domain expertise and a strong leadership position in the area of on-demand compensation management solutions,” said Rudy Karsan, CEO of Kenexa. “Salary.com's value proposition spans both software and proprietary content, similar to Kenexa, and their compensation management solutions are highly synergistic with our broad suite of talent acquisition and retention solutions."
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MORGAN SAMUELS FINDS NEW CEO FOR INVESTIGATIVE NEWS NETWORK
Morgan Samuels Company, an L.A.-based executive recruiter, has recruited Kevin L. J. Davis as chief executive officer at Investigative News Network. Mr. Davis had most recently been the chief operating officer at The Wrap News, Incorporated. Investigative News Network seeks to connect and network journalism entities at all levels to foster the “highest quality investigative journalism” and to hold those in power accountable. Founded in 1969, Morgan Samuels Company is a national management consulting firm specializing in executive recruitment.
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EXECU|SEARCH GROUP CREATES LEGAL SUPPORT DIVISION
The Execu|Search Group has announced the addition of its legal support division. Spencer Smolinsky, a director at the firm, will be overseeing the new division which will service law firms and corporations throughout New York City and the Tri-State area. The legal support division will provide full-time, temporary/consulting, and temporary-to-full-time placement services for a variety of legal support roles such as paralegals, legal secretaries, and legal assistants. “Our legal support division will allow us to fully round-out our recruitment services for law firms and corporations in the Tri-State area,” said Gary Grossman, president of the permanent division at The Execu|Search Group. “We are confident that Spencer will be able to develop and lead this division to success.”
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BEYOND.COM JOINS THE NETWORK, REPLACING HOTJOBS
Beyond.com, Inc., a network of niche career communities, has been selected by The Network, an online provider of recruitment solutions, to be its exclusive provider of recruitment services in the U.S. market for their multinational clients, replacing Yahoo! HotJobs. The Network is used by more than 1,000 customers with access to a pool of 100 million jobseekers across 121 countries. The new relationship comes on the heels of the Yahoo! HotJobs acquisition by Monster.com and its need for new U.S. representative. The relationship allows organizations to utilize the Beyond.com Network of thousands of niche industry and geographic career communities. The addition of Beyond.com adds to other representatives in over 100 countries such as StepStone, TotalJobs.com, Jobs.ch (Switzerland), Workopolis (Canada) and Jobstreet (Asia Pacific), among others. "We are honored to join a global organization whose members include the leading job boards around the world that have demonstrated success to thousands of employers and millions of candidates," said Rich Milgram, CEO, Beyond.com. "As the need for global recruiting becomes more and more critical, we are proud to be positioned as the natural Network partner for the U.S., and we look forward to working in tandem with our fellow partners in the member countries to provide unsurpassed global recruitment solutions."
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JOBSERVE AND IT WORLD CANADA LAUNCH JOB SITE
JobServe Canada and IT World Canada have launched their co-branded niche technology job board, jobs.itworldcanada.com. Using the new site, companies with technology job openings utilize two simple job posting services, both of which provide guarantees of the quality of the response with in-built filtering tools to ensure applicants meet the minimum requirements for the job. Through the partnership, all technology job postings that are listed with jobserve.ca will automatically be cross posted onto the jobs.itworldcanada.com site also. “We are extremely happy with the site that has been developed through our partnership with JobServe,” said Fawn Annan, president and group publisher for IT World Canada. “Our new job site is already populated with hundreds of Canadian technology jobs, providing a rich source of quality job opportunities for our readership to choose from."
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