Global leading supplier of software solutions for Human Capital Management, ExecuTRACK Software, not only secured substantial orders from existing customers but has also won 35 new customer accounts world-wide in the past 4 months. Leading corporations from the industrial, commercial and public sectors now trust in ETWeb(TM) Enterprise. Among them Banca Dexia (IT), Cable & Wireless (UK), Clariant (CH), Dampskibsselskabet Norden (DK), E.ON (GER), Gamesa (ES), GGz Eindhoven (NL), Novelis (USA), Sabis (Lebanon), and Zumtobel (AUT).

FAO Research, Inc., a research firm focused exclusively on the Finance & Accounting Outsourcing (FAO) market, today announced that it has launched FAO JobSearch, the industry's first employment services website designed specifically to meet the needs of FAO professionals worldwide.

Online job board CareerBuilder.com has launched a nationwide initiative in conjunction with federal and state government organizations to help veterans find jobs. Together, they created OperationHeroforHire.com, a special job site that enables employers who want to recruit veterans to post their jobs for free. The site enables veterans to quickly identify employers who are sensitive to their employment needs and apply for positions in a variety of fields and locations in real time.

Online careers site Monster has launched Monster Intelligence, an initiative designed to deliver market analysis, research and actionable solutions regarding human capital issues. The initiative was developed in response to customers' needs for industry data and insight to aid in their strategic human resource planning. Monster Intelligence will serve as the platform from which all of Monster's research and intellectual capital originates. The Monster Intelligence program encompasses existing data and analysis such as the widely recognized Monster Employment Index, as well as new research reports, studies and articles that identify labor market and recruiting trends from both the job seeker and employer perspectives.

HireDesk, a division of Talent Technology Corporation (TTC) and provider of recruitment and hiring software solutions, has created Pulse, a process designed to monitor and update the industry on issues of interest to recruiters, talent acquisition professionals, and their management teams. The initiative will be undertaken by the recently established TTC Knowledge Center. "With Pulse, our company Web site will post a continually updated set of survey topics and questions that target issues critical to recruitment and talent acquisition professionals today," said Dr. Leaetta Hough, director of TTC's Knowledge Center.

India:
Education boom in South India
The Dayananda Sagar Institutions in Bangalore is spread over 29 acres, there 10 colleges in one campus and 8,000 students in all. The education scene in Bangalore is only a small example of how colleges are emerging in a fast pace in the south. Cities like Chennai, Coimbatore and Hyderabad are also witnessing an education boom. These cities have seen a ‘corporatisation" of education as never before. Every institution has resorted to running a variety of colleges as the demand rises. And the numbers speak for themselves. (IBN Live)

Studying has its pros and cons
It's the boom of the information industry. A trend that's reflected in more and more working professionals taking up academic courses to augment their knowledge. Learning on the job has an altogether different meaning for working professionals now. With a keen interest in pursuing higher degrees that add to their professional qualifications, these yuppies are juggling their hectic work schedules with their study time tables. (India Times)

Russia:
Putin's baby boom plan may go bust
In unstable economy, incentives not enough to spur expanding families
Anna Banova seems just the kind of person Russian President Vladimir Putin had in mind when he called on Parliament to provide greater incentives for couples to have more children and reverse the country's rapid population decline. At 23, Banova is already the mother of an infant son, and she says she'd like to have another child. If she does, Putin's plan would give her and her husband a onetime payment of $9,300 plus a monthly stipend of $110. But Banova says that's not enough to persuade her to go ahead. (Charlotte.com)

US:
Boomtime coming on the Iron Range
The Iron Range is dotted with long closed mining pits. Some are off limits to the public because of dangerous, steep, vertical shorelines. Others, like the Larue Pit at the east end of Nashwauk, have become pleasant fishing spots or parks.  It looks as though Minnesota's Iron Range could be in for a business boom. Five years ago, many Minnesotans might have been ready to write off the Iron Range as LTV Steel Mining Co. closed its sprawling taconite mine in Hoyt Lakes. But now, half a dozen new industries may be coming to the Range. Some worry that the rush to new jobs is coming at the expense of the environment, and the quality of life that makes living on the Range special. (Minnesota Public Radio)

Personal Finance Daily
Going into business for yourself is something aspired by many workers. Most of them think about setting up shop for themselves on days when the boss is being particularly persnickety and then think better of it later. Being your own boss has its advantages, certainly, but leaving the relative security of a steady-paying job can give anyone the jitters. If you've ever harbored the idea of going on your own, now is a particularly good time to follow through with some analysis. For one thing, the regular paycheck from the company isn't that reliable anymore. The benefits, especially for health care, are being reined in or the costs are being shifted to you. And your pension? That's about as safe as a sinkhole. (Marketwatch)

Silicon Valley execs earned $2.6 billion in 2005
Leaders of Silicon Valley's top companies took home $2.6 billion in pay during 2005, the third-highest amount ever and the most since the dot-com boom years of 2000 and 2001, according to a newspaper survey. While the rising pay reflects an improvement in the economy, earnings and the stock market -- public and political fury over the issue of executive pay continues to swell. The backlash also has reached the U.S. Securities and Exchange Commission, which has proposed new rules to make the reporting of executive pay more comprehensive and transparent. (NCTimes)

Local workers can find job without having four-year degree
Education is going to be a necessary requirement for future employment. But it may not have to be four years or more of college.
A public announcement of a new job and industry needs survey brought that point into focus this week. On Monday, a pair of St. Vincent College educators released results of their updated industry cluster analysis and business needs assessment for Fayette and Westmoreland counties. The Westmoreland-Fayette Workforce Investment Board (WIB) commissioned the studies. (Herald-Standard)

Charlotte's growth is rampant, like it or not
109,000 new homes possible; boom increases jobs, land values, headaches
It's easy to find workers clearing oak trees, carving lots out of red clay and building houses in the Charlotte region. But just how many new homes are coming, and what does that mean to people who already live here? If subdivision approvals stopped today, an estimated 109,000 new homes still could be built in Mecklenburg and nearby counties, based on an Observer review of planned residential lots. (Charlotte.com)

The American Baby-Boom Generation Continues To Drive U.S. Economy
Automakers, retailers, home builders target age group, but avoid the word "old"
A 2003 consumer-spending survey shows that baby boomers spend almost twice as much on new automobiles as those in younger age groups. They also spend more on movies, computers, groceries, beer and wine, clothing and beauty products. This spending might not always be more per capita, but the fact that the baby boomers are such a large group makes consumer companies pay close attention to their tastes. These days, American car companies are making some subtle adjustments. They know boomers will not buy the same sedans their parents have favored. Boomers like sport utility vehicles or sports cars. (Usinfo.state.gov)

Members of the U.S. "Baby Boom" Turn 60
Generation that defined American youth culture faces retirement
The 78 million baby boomers, born from 1946 to 1964, who strained U.S. school systems as children, challenged authority as teens and swamped the labor force as young adults, are getting old. The generation's leading edge, which includes Presidents Bill Clinton and George W. Bush, first lady Laura Bush, tycoon Donald Trump, director Steven Spielberg and punk-rocker Patti Smith, turns 60 in 2006.  "Boomers broke the mold in every earlier life cycle," said demographer William Frey of the Brookings Institution. They will approach old age differently too.  In fact, they plan to skip it. In a poll by research firm Yankelovich Inc., boomers were asked, "At what age does old age start?" Their answer: three years after the average American dies. (Usinfo.state.gov)

What's in Your Networking Wake?
I was talking with my friend Derek the other day - that's Derek Scruggs, who told me about New West in the first place and who was one of the first people to welcome me to Boulder when I arrived here in the summer of '01. Derek said, "Someone will soon start a business drowning out all the stuff that's searchable about people, online - whatever they want to hide. Someone will invent a way to blast extraneous info all over the web to neutralize whatever old list-serv posts and off-the-wall blog comments a person might have made in an unguarded moment, but doesn't necessarily want dogging him for the rest of his life." I thought that was a brilliant observation! We figured you could call the drown-out-the-bad-stuff company White Noise. Go ahead, you can steal the idea.  he longer you've been around on the networking scene, and the longer you've been online, and the more prolific a writer you've been or the more things that have been written about you, the more dirt a researcher can find on you without even hardly tryin.' My daughter in seventh grade has published articles on EzineArticles.com, and that's really all it takes. (NewWest)

State strikes gold in job growth
Alabama's job boom, driven by an influx of new industry over the past three years, has garnered the state a "Golden Shovel" award from the national trade magazine Area Development. In a national poll on job creation, Alabama ranked No. 1 based on 10 development projects in the past year, including the Hanil E-Hwa Interior Systems car trim plant in Selma and the Jo-Ann Stores Inc. distribution center in Opelika. "This is like winning the Oscar for economic development," said Gov. Bob Riley in a statement Thursday. (Montgomery Advertiser)



Baby Boom Bust
"It's a seismic shift around the world, not just in the U.S.; there's an aging population around the world. The financing of retirement and the issue of health care for an aging population becomes much more intense as the population ages. It's a demographic finding with high economic and policy implications when one opens up the horizon on more than a year or so. It is a huge public-policy issue."  Over the next 10 years, the American work force will become increasingly tight as the approximately 77 million members of Generation Baby Boom retire, according to the report. When these folks leave their jobs, they'll be so hard to replace that the U.S. economy will grow at a significantly slower pace than it has been in the last 10 years. And that is something the Fed should be — and is — paying a lot of attention to, says Allen Sinai, president of Decision Economics, a New York-based financial advisory firm. (SmartMoney)






Deep Release:
Market10 Closes $13 Million Investment Round

Investment supports staged, nationwide availability for HR professionals and qualified job seekers
Market10™, the revolutionary new job marketplace that combines extensive matching technology with The 10 Dimensions of a Good Job Fit^(SM), today announced it raised $13 million in its second round of financing.  Menlo Ventures led the financing round, which also included a second investment by New Enterprise Associates (NEA) of Baltimore , MD.   This funding enables Market10 to continue establishing the new job marketplace. It comes on the heels of Market10's successful test market in Metro-D.C. and brings the total funds raised to date to $21 million. 

With its unique 10 Dimensional Matching(sm), Market10 matches the strength, experience and knowledge of qualified candidates with job openings at leading employers.

"We're pleased Menlo Ventures, a distinguished and respected venture capital firm, has joined as an investor," says Rob McGovern, Chairman & CEO of Market10.   "This financing round is enabling us to expand Market10 into new markets, offering an advanced solution that well surpasses outdated first generation job sites." 

"Menlo Ventures has a long track record of backing innovative companies with strong management teams," says Sonja L. Hoel, Managing Partner, Menlo Ventures. "We believe Market10 represents the future of the online jobs segment, a rapidly expanding market opportunity. We couldn't be happier to be teamed with Rob and his experienced management team, many who were the founders of CareerBuilder, as they deliver the second generation of online recruiting."

"Since our A Round investment Market10 has made great progress on its way to becoming the new standard in today's online recruiting marketplace," says Peter Barris, Managing General Partner, New Enterprise Associates.  "Menlo Ventures brings strong consumer Internet experience to Market10, and we're pleased they're joining us as an investment partner."

About Market10

Market10 is a revolutionary new online job marketplace.  Built by the experts who founded CareerBuilder, Market10 combines extensive matching technology with The 10 Dimensions of a Good Job Fit^(SM). Based in McLean, Va., Market10 was founded in 2005 by the career expert, Rob McGovern, the founder and former Chairman of CareerBuilder and the author of the best selling book on career advancement - "Bring Your ‘A' Game: The Top 10 Career Secrets of the High Achiever."
 

About Menlo Ventures

Since 1976, Menlo Ventures has helped visionary leaders turn technical innovations into world-class companies. Many of these companies have become leaders in their respective markets, including LSI Logic, UUNET Technologies, Xros, Cyras Systems, Hotmail Corporation, Ascend Communications and Clarify. We currently focus our investments in the areas of communications, software, Internet infrastructure, semiconductors, storage and computer hardware.
 

Menlo Ventures is a dedicated team of investment professionals with a broad range of experience in technology, marketing, sales and general management. We have built a reputation as highly skilled and ethical investors who can help new companies define strategy, recruit the best management talent, forge industry partnerships and corporate alliances and attract investment capital. For more information visit www.menloventures.com.
  About NEA New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work and play. Since its founding in 1978, the firm has followed the same basic principles: support their entrepreneurs, provide an excellent return to their limited partners and practice their profession with high standards and respect. Practicing classic venture capital for over 25 years, NEA focuses on early stage investments, playing an active role in assisting management to build companies of lasting value. With $6 billion under management, NEA's experienced management team has invested in over 500 companies, of which more than 150 have gone public and more than 200 have been acquired. NEA has offices in Reston, Virginia, Menlo Park, California and Baltimore, Maryland . For additional information visit www.nea.com.

 

Coming Soon:

NACE National Meeting & Expo Anaheim Marriott/ Anaheim Convention Center May 30 - June 2, 2006 More Info Register	3rd Annual Best Practices in Talent Management, Leadership Development and Succession Planning Conference 25th - 26th May 2006 Barcelona, Spain £2006.57 Register
Hunt Scanlon Advisors present Generating Higher ROI on Human Capital June 7, 2006 Chicago	OnRec Online Recruitment Conference Queen Elizabeth II Conference Centre June 20 Westminster, London contact: Chris@OnRec.com More Info
2006 EREC 21-22 June 2006 ExCel London, UK Register	SHRM's 2006 Annual Conference & Exposition June 25-28 Washington, D.C. $1,350 Read more Register
OnRec Expo 2006 12-13 September 2006 Donald E. Stephens Convention Center Chicago Register	2006 Strategic HR Conference October 4-6, 2006 Westin Kierland Resort Phoenix, Arizona
Human Resource Executive's 9th Annual HR Technology® Conference Oct. 4-6, 2006 Navy Pier in Chicago, IL $!095 Register	2006 SHRM Workplace Diversity Conference October 16-18, 2006 Century Plaza Hotel and Spa Los Angeles, California
Hunt Scanlon Advisors present "Defining Leaders" New York city October 18 - 20, 2006 New York Palace	HR.com's Employers of Excellence 2006 October 25 - 27, 2006 Red Rock Resort Las Vegas, Nevada Register

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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