As part of the company’s global expansion plans by forming alliances and partnerships with b2b vendors of HR services & solutions, and to tap into strategic opportunities provided by the promise of an economic recovery, HireLabs has announced that it has started to provide it’s pre-employment assessments and workforce development solutions to customers in South Africa. This news comes hot on the heels of a European deal signed with a Value-Added-Partner focusing on customers in the Central, Northern, and Western Europe regions (More on this story as and when released) Read more…

In The impact of the recession on the labor market, a report by the Office of National Statistics UK, published in May 2009, it was concluded that -

“In this recession, the real earnings indicator and productivity measures (unit wage costs and output per worker) have demonstrated changes consistent with previous recessions.

Real earnings have fallen, but as inflation has fallen they have shown some positive growth. The unit wage costs and output per worker in past recessions have responded quickly to upturns in output. This fits with the slower falls of unemployment and claimant count as firms look to use spare capacity first, as the economy expands.”

Companies are beginning to hire again. The HR Magazine announced the creation of new jobs across the UK in 2009.

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While interviewing Mark Kurtz for a programming position, Debra Tobin, the head of HR had a smile on her face. The moment that she saw Mark’s resume, she knew that Mark was the high potential talent that Johnson & Company had been searching for to solidify the team. Mark was a recent Stanford graduate with a long list of impressive projects, including working with Oracle on a special integration project with the Malaysian government. Two days after the interview, Mark received an offer letter, and he started work the following week. One month later Mark handed in his resignation.

During his one month at Johnson & Company, Mark reported to Liam Watts, who was the CTO. Liam was very different from Mark, he grew up in Brooklyn, barely made it through college, and worked his way up into the management position over the last 16 years. Liam was risk averse, and his strategies were conservative.

As you might have guessed already, Mark’s short lived career at Johnson & Company was due to a clash of personalities and philosophies. Read more…

Do you remember that guy who got a funding of $3million in his the series A round, he had an impressive business plan, he displayed rapid growth and claimed he was 12 months from breaking even?

Do you remember how he delivered his commitments during the first 6 months, which was followed by a series of losses? This situation is all too common, we have all seen this, but now instead of ignoring this Read more…

Over the past few years, we’ve seen new and traditional private equity firms slowly gain interest in the HR technology space.  Private equity investment isn’t actually new to the HR vendor market.  General Atlantic Partners has been one firm that has take interest in HR over the years. humancapitalist.com, The Human Capitalist » How Important is Private Equity in Human Capital and Talent Management?, Jul 2009

You should read the whole article.