Nashville staffing company Synergy Systems yesterday acquired Apaisant Executive Search and HR Consulting. Apaisant is active in the finance/accounting space, with Synergy focuses on the IT sector. From the press release:
“I am very excited about the addition of Brian Hoppes to the Synergy Systems team and the potential upside that it brings to our clients,” says Jeff Martin, founder and president of Synergy Systems. “Brian is a proven leader who has the ability to create meaningful partnerships with organizations that improve their selection processes, as well as their bottom line.” ... “Our clients stand to benefit greatly from this acquisition,” says Martin. “It has always been our desire to offer more comprehensive services and to fully utilize our substantial network and resources. By acquiring Apaisant and bringing Brian Hoppes onto the team, we are now in position to fully realize our potential.”
Mar 2, 2010 1:38 PM
The Curious Capitalist previews some Congressional testimony that will be delivered this morning by Federal Reserve Governor Elizabeth Duke. Among her talking points: Bank examiners are being instructed and trained to avoid becoming "overly conservative in an attempt to ameliorate past weaknesses in lending practices." Combined with some anecdotal evidence that some lenders actually want to get out and lend more to small businesses, decent small biz-led job growth in 2010 may not be a pipe dream.
Feb 25, 2010 8:30 AM
A National Association of Business Economics survey shows some optimism about companies driving growth in 2010 with consumer spending chipping in a bit more next year. Peter Cohan says the latter assumption is optimistic.
The 2000s featured a well-orchestrated war on workers. Recall that NABE prediction of employment growth that will soon hit 103,000 new jobs a month: Well, it will take an economy producing at least 100,000 jobs a month just to absorb new entrants to the workforce. While it sounds robust, that level of job creation won't even make a dent in the 15 million unemployed.
Feb 23, 2010 8:22 AM
The number of people filing new claims for unemployment benefits jumped unexpectedly last week, although observers say the Mid-Atlantic snow storm played a role and will keep the bigger picture muddled for a while.
Feb 18, 2010 11:05 AM
The AP reports how the recent rise in the hiring of temporary workers appears not to be leading to permanent jobs as it did in the past two recessions.
DoubleStar, a human resources firm based in West Chester, Penn., hired two temp workers recently to join its 60-person staff. CEO Harry Griendling says in normal times he would have hired two permanent employees. But Griendling has doubts about the strength of the recovery. He's not ready to absorb the risk and cost of adding permanent workers. "When I look ahead for the next three to four months, all I see is murkiness," Griendling says.
Feb 16, 2010 8:41 AM
Peter Cohan isn't the first to say it, but it bears repeating: Grand job-creation plans based on tax credits won't spur businesses to hire. It will take real innovation — Cohan has his fingers crossed for green tech — and sustainable consumer demand to push unemployment back down.
[I]n the absence of such innovation-led growth, America will be locked into an endless loop of borrowing more money to make up the difference between what American workers want and what their incomes -- or lack thereof -- make it possible for them to buy.
Feb 12, 2010 10:09 AM
David Rosenberg is not impressed with what he calls Washington's focus on short-term solutions.
First, it was a $165 billion of tax rebates in the spring of 2008. What did that accomplish? Not much. Then we had a ballyhooed $862 billion fiscal stimulus plan unveiled a year ago. What do we have to show for it? Just a couple of quarters of positive GDP growth, which again will offer very little in the way of sustainable multiplier impacts. Now we have what can only be described as a tepid reaction to the jobs crisis with an $85 billion bill making its way through Congress with a most distinctly non-creative cornerstone of a $5,000 payroll tax credit that has shades of the Carter-era quick fixes written all over it.
Feb 11, 2010 12:06 PM
Mark Perry synthesizes a number of data points related to the growth in public-sector employment and compensation. One nugget: The number of government workers making more than $150,000 has more than doubled since the start of the recession.
Feb 10, 2010 9:49 AM
There are a number of different ways to interpret Friday's release of the latest labor data, which showed a 0.3 percentage point drop in the national unemployment rate. Here are a few. From Barry Ritholtz: 'A closer look suggests that many people may be underestimating the recovery.' From Planet Yelnick: 'It appears we are rapidly creating a huge chunk of the workforce that will be chronically unemployed.' From David Altig at the Atlanta Fed: 'Have businesses in the United States found ways to permanently enhance efficiency, locking relatively high productivity growth?' From Donald Marron: 'The most encouraging item in today's jobs report was the sharp drop in underemployment.' From Andrea Coombes at MarketWatch: 'Talk about mixed signals. The construction industry lost 75,000 jobs in January, while the manufacturing sector grew for the first time since January 2007.'
Feb 8, 2010 7:46 AM