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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
Monday, February 6, 2012
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CTPARTNERS TO ACQUIRE J-M. BEIGBEDER - CEO SEARCH IN PARIS
CTPartners has signed a letter of intent to acquire J-M. Beigbeder - CEO Search, an executive search firm specializing in senior executive and board level recruitments as well as in board advisory services in Paris. Mr. Beigbeder is the former CEO of Spencer Stuart and former chairman of the international executive committee of Korn Ferry International. Sylvain Dhenin, vice chairman of CTPartners, said: “We are particularly pleased to be able to continue to develop CTPartners in France, and this is an exceptional opportunity to strengthen the firm with the expertise of J-M. Beigbeder - CEO Search, with the ultimate objective of better serving the interests of our clients.” CTPartners is a global executive search firm offering expertise in technology, media and telecom, financial services, life sciences, professional services, retail, industrial and board advisory services.
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MANPOWERGROUP POSTS 18 PERCENT GAIN; ASIA CONTINUES TO POWER GROWTH
ManpowerGroup/(NYSE:MAN) has posted revenues of $5.5 billion for the fourth quarter ended December, 2011, an increase of 18 percent from $5.21 billion a year earlier. The Milwaukee-based company earned $63.6 million, or 78 cents per share, a sharp increase from the same period last year when the company reported a net loss of $350.4 million, or $4.29 per share. Revenues for the year were $22 billion, a rise of 18 percent from the prior year. Net earnings were a loss of $263.6 million compared to a loss of $9.2 million a year ago. Jeffrey A. Joerres, ManpowerGroup chairman and CEO, said: "The team executed well both operationally and strategically – we were able to achieve a 29 percent increase in underlying operating profit for the fourth quarter and 61 percent for the year, while substantially moving forward our strategic drivers. Our Solutions business continued to gain momentum as our clients are valuing our portfolio of offerings. Asia continued to lead the pack in revenue and profitability growth.”
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SANFORD ROSE PLACES CFO AT DIADEXUS
Sanford Rose Associates’ San Diego office has placed Jean-Frédéric Viret, Ph.D. as chief financial officer for diaDexus, Inc. Robin Toft, president and CEO of Sanford Rose Associates – San Diego, said: “Dr. Viret is a dynamic executive with strong financial relationships and will be a valuable asset as diaDexus continues its commercial expansion in 2012. We believe that Dr. Viret’s experience will be crucial at this pivotal stage of the company’s development as they evaluate operational efficiencies and continue to improve upon shareholder value for the future.” Most recently, he was CFO at diagnostics company XDx, Inc. Sanford Rose Associates’ San Diego office provides specialized in building management teams for personalized medicine, molecular diagnostic and oncology companies.
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UNRABBLE RELEASES FREE HIRING SOFTWARE
Unrabble, a cloud-computing startup that simplifies and process of hiring new employees, has released a new free version of its software. With the software's most recent update, companies, startups and individuals will be allowed to create a job opening and use Unrabble's candidate evaluation tools without paying a subscription fee. "Unrabble puts hiring in the hands of the decision maker and unchains hiring from the traditional paper resume," said Kevin Watson, CEO and co-founder. "By offering a version of our software for free, we're giving busy managers the ability to complete an entire hiring cycle using our solution." Using Unrabble, job candidates create an interactive profile that details their entire career history instead of e-mailing or uploading a resume. This gives the candidate the opportunity to do things a traditional resume cannot do such as connecting to their social media profiles, integrating video, explaining job transitions, ranking their skills and bragging about their accomplishments.
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