| Monster
Acquires Stake in ChinaHR.com Holdings
Monster Worldwide Inc., the parent company of the global online
careers property, Monster, has announced that it has acquired a
40 percent stake in ChinaHR.com Holdings Ltd. (ChinaHR), the owner
of ChinaHR.com, for U.S. $50,000,000. ChinaHR.com is one of China's
most widely recognized online recruitment Web sites, with approximately
3.2 million registered users and more than 280,000 corporate clients.
With operations in 10 major Chinese cities and growth plans in additional
markets in the upcoming year, ChinaHR.com has a staff of 480 employees.
As a result of the transaction, Monster Worldwide will initially
occupy three of seven seats on ChinaHR's Board of Directors. Monster
Worldwide will also have certain rights and obligations to acquire
a 51% or more interest in ChinaHR in the event of an initial public
offering or 3 years, whichever comes first.
Richardson Launches Web-based Service Training
Richardson, a sales training and consulting firm, has announced
the release of two new Richardson QuickSkills Web-based training
programs. Minimizing Transfers and Reducing Escalations are designed
to help Call Center Agents minimize escalations and more effectively
handle transfers to strengthen skills to improve customer satisfaction
and build loyalty. Richardson created the Web-based training to
provide call center agents with consultative dialogue skills to
quickly and effectively identify a client's needs, resolve issues,
answer questions to minimize transfers, and decrease the number
of escalations.
CEO Boot Camp Focuses on Exec Failure Rate
Korn/Ferry International, The Wharton Club of New York and PrimeGenesis
have joined together to create a "boot camp" for CEOs
that focuses on how to generate positive results quickly in new,
high-risk positions. The one-day boot camp will host its initial
corps of CEOs on May 11 at the Penn Club in New York City. Included
among the skills to be worked on are bridging the gap between strategy
and execution, self assessment, building high-performing teams and
learning how to accomplish in 100 days what might otherwise take
six months or longer. To be conducted by Boot Camps Unlimited, the
day will focus on value creation born out of strategies, capabilities
and performance.
IRS Awards Contract to Disability Organization
The National Telecommuting Institute, Inc., a nonprofit organization
that specializes in developing telework opportunities for people
with disabilities, and Alpine Access Inc., a provider of call center
solutions using home-based agents, announced that they have been
chosen by the United States Internal Revenue Service (IRS) to provide
call center services for citizens requesting IRS tax forms and publications
by phone. The agents are trained and in position to handle the heavy
load of 2004 tax return calls which begins this month and runs through
April, 2005. Using the Javits Wagner O'Day (JWOD) Act, the IRS has
set aside Forms and Publications Order operator jobs to be filled
by people with disabilities who need to work from their homes. NTI
coordinates with local state vocational rehabilitation centers to
recruit home-based employees with disabilities, while technology
made available by Alpine Access enables callers to the IRS' toll
free number to be connected to the next available agent —
the job travels, not the individual with the disability.
Sabre Provides Airport Staffing Suite for
Thai Airways
Sabre Airline Solutions, in partnership with Thailand-based information
technology contractor Songkhla Finishing Co., has announced it has
been selected to provide Thai International Airways with the technology
to deliver a complete airport resource management solution. Songkhla
has selected the Sabre Streamline Resource Management Suite from
Sabre Airline Solutions to provide Thai Airways with advanced resource
management technology. The Streamline suite was selected to enable
Thai Airways to improve its staff planning, rostering, administration
and utilization. By utilizing the Streamline suite, Thai Airways
will realize operational staff efficiencies and optimal use of its
airport ground staff through more effective demand planning, shifting,
employee administration and cross-utilization decisions.
TruStar Announces Recruiting Efficiency
Service
TruStar Solutions, a provider creating compliance and diversity
hiring strategies, announced the release of an new recruiting efficiency
service. Harvest is a technology-based service that helps government
contractors comply with federal job posting regulations, and helps
companies stay on top of their diversity posting efforts. The service
automatically imports job postings from a corporate career site
and posts them to America’s Job Bank and other diversity job
boards. Harvest targets government contractors required to post
to America’s Job Bank, and companies that post open positions
to diversity-driven boards to help round out a thorough and proactive
affirmative action plan. When in place, Harvest automatically posts
open positions every day.
Mazda Drives Away with Envision Click2Coach
Envision Telephony, Inc., a provider of business solutions for the
contact center and the enterprise, has announced that Mazda North
America chose the Envision Click2Coach solution in order to develop
agent skills, increase agent efficiency and empower agents to deliver
top-quality customer service. The Envision Click2Coach solution
includes Envision Quality Monitoring and Envision eLearning and
is a complete set of training, quality monitoring and evaluation
tools to coach agents for success. With Click2Coach, Mazda intends
to conduct quality evaluations of its customer service representatives
with its primary focus on enhancing their proactive coaching and
training efforts. Envision’s Click2Coach solution will help
Mazda’s supervisors and trainers coach agents more frequently
by sending personalized training to the desktop without affecting
service levels.
Roadblocks To Broader Telework Adoption
CDW Government Inc., a wholly owned subsidiary of CDW Corp. and
provider of IT solutions to governments and educators, has announced
the findings of its first annual CDW•G Federal Telework Survey.
The report reveals a gap between Federal workers' interest in teleworking
and the Agency policies and technology infrastructure necessary
to support an effective telework environment. A full 87 percent
of Federal workers indicate interest in teleworking, but only 19
percent said that they do telework. In addition, the report clearly
underlines IT security as a structural roadblock to broad telework
adoption.
Benefits
of telework include reducing traffic congestion and pollution, improving
Federal employee recruitment and retention, increasing productivity
and reducing the need for office space. Allowing Federal employees
to telework has the potential to save U.S. taxpayers a substantial
amount of money in real estate costs for the Federal government,
in addition to reducing transportation infrastructure requirements.
The
Consolidated Appropriations Act for Fiscal Year 2005 includes a
provision to withhold $5 million from agencies within the Departments
of Commerce, Justice and State, as well as the Small Business Administration,
that do not have acceptable teleworking policies in place. These
agencies must report on compliance with this, and other existing
telework legislation, by February 8, 2005.
Despite
the significant benefits of teleworking, widespread uncertainty
regarding the necessary IT security infrastructure continues to
delay progress. Federal IT professionals cite information security
as their top concern related to telework, especially given that
two-thirds of Federal employees telework using a personal —
versus a government-issued — computer. Moreover, 56 percent
of the IT professionals surveyed were unsure of the best technology
tools to meet telework security requirements.
The
report also highlights potential policy conflicts between legislative
mandates for telework and Federal information security requirements.
Public Law 106-346 requires that 100 percent of the eligible Federal
workforce must be able to participate in telecommuting to the maximum
extent possible without diminished employee performance by 2005.
At the same time, the Federal Information Security Management Act
(FISMA) mandates certification and accreditation of every system
that has access to Federal information. Yet, 65 percent of Federal
IT professionals are unsure of telework's impact on meeting FISMA
requirements.
Other
findings:
- 49
percent of the Federal workforce is either ineligible to telework
or unsure if they are eligible.
- 45
percent of Federal employees report that their managers generally
view telework favorably.
- Federal
employees cite the elimination of their commute (74 percent) and
an improvement in work flexibility (60 percent) as the primary
reasons for preferring telework.
- Of
the 13 percent of Federal employees who would not telework if
given the option, 53 percent say isolation is the primary deterrent,
followed by 42 percent who believe that they would have reduced
productivity.
- 41
percent of Federal employees connect from home offices using a
dial-up connection, with cable modems outpacing DSL connections
among broadband users by a two-to-one margin.
- Only
24 percent of Federal IT professionals are aware of the agency
fines included in the FY2005 Consolidated Appropriations Act.
- Authentication
and PKI/Encryption devices top the purchase list of Federal IT
professionals looking to meet telework security requirements.
More...
Employee
Retirement Priorities for 2005
As many employees continue to underutilize their 401(k) plans, companies
are becoming increasingly concerned that their employees aren’t
up to the challenge of assuming responsibility for their own retirement
savings, according to a new survey by Hewitt Associates, a global
human resources services firm. To address these concerns, employers
are stepping up their efforts in 2005 to educate and make it easier
for employees to effectively participate in their 401(k) plans.
Hewitt’s
survey of nearly 200 large companies reveals that only 18 percent
feel confident that their employees will retire with sufficient
retirement assets. Even less (12 percent) feel confident that their
employees even understand their retirement benefits and are taking
responsibility for their retirement future.
According
to Hewitt’s survey, the majority of employers do not plan
to make significant changes to their defined benefit plans in 2005.
However, about one in four (27 percent) employers say they will
consider amending their plan to exclude new employees from participation,
and one in five (20 percent) are considering a shift to provide
defined contribution plans only.
While
more than half (55 percent) of companies offering hybrid pension
plans (cash balance or pension equity) do not anticipate a plan
design change in 2005, about three out of 10 companies intend to
make some type of change to them if legal and regulatory issues
are not resolved. The most common intended change is to terminate
or freeze the cash balance plan and provide all future retirement
benefits under a defined contribution plan.
With
responsibility for retirement savings shifting more to employees,
employers are focusing more of their time on educating employees
about the value of 401(k) plans. According to Hewitt’s survey,
almost 90 percent of employers plan to focus on making sure their
employees understand how their 401(k) plan works, the value of it
and how to access it. They also plan to take steps to promote personal
responsibility for retirement planning and initiate actions designed
to increase 401(k) plan participation. Seven out of 10 employers
(70 percent) report they will focus on offering additional support
to employees to manage the diversification of their 401(k) plan.
Almost
half of companies (47 percent) say they are also likely to automate
certain features in their 401(k) plan as a way to increase participation
and quality of participation. Key areas of focus for those companies
include automatic enrollment, automatic contribution rate increase
features and automatic rebalancing.
Other
findings
- About
a quarter of employers (24 percent) are likely to make changes
to their 401(k) contributions in 2005. Most are either seeking
to increase the company matching contribution or change the structure
of the match.
- About
one in three (35 percent) employers may add a Roth 401(k) account
to their defined contribution plan when permissible on January
1, 2006.
- Twenty-seven
percent of companies say they are likely to implement automatic
rollover to an IRA or individual retirement annuity provider,
while about one in 10 (11 percent) will allow these accounts to
remain in the plan by reducing the plan force-out limit to $1,000.
More than half of employers (63 percent) are still undecided.
- Only
about one-quarter (28 percent) of employers say they are somewhat
or very likely to develop a phased retirement program in 2005.
Employers cite several barriers, including that phased retirement
is inconsistent with their workforce strategy.
- The
majority of employers (85 percent) are planning to educate employees
about the costs of retiree medical.
More...
Permanent
Technology Employment Predicted to Increase
National recruiters with Lucas Group report that candidates who
are searching for employment in the Technology sector have reason
to be optimistic for 2005. Lucas Group reports a substantial increase
in IT job openings during the past six months, and does not see
a decline in the quality or quantity of openings to continue through
the next year. Candidates should also be optimistic in employment
being permanent these days, opposed to the past few years when many
candidates in the Technology industry had to rely on contract work.
Employers
in the Technology industry are currently looking for candidates
who possess the ability to combine both current technical skills
with functional expertise in specific verticals that include healthcare,
financial services and media/entertainment. The executive search
firm also notes that candidates looking for employment can get employers’
attention through particular certifications, such as MCSE (Microsoft
Certified Systems Engineer).
More...

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