The trends. Capital Spending, Unemployment, Domestic Production, More
< Permanent > Newly booked executive search assignments increased by 23 percent in the first quarter of 2002 compared to the fourth quarter 2001 < Staffing >
Top performing franchise operator appointed CEO of U.S. for International Staffing firm.
< HR/Corporate > Only 64% of surveyedHR Execs have a formal pay-for-performance system. < Consulting/IT > All Segments of IT Services will continue to experience slower growth rates in 2002
< On-line Recruiting > On-line Recruiitng continues to show strong growth < Service Providers > Expertise was particularly valuable in helping us establish procedures that apply the same standards to all applicants for similar positions
Outsourcing
firm lauches agressive
branding and advertising campaign
Six months ago Unisys began working with Siegelgale, a strategic
branding and identity consulting firm, to conduct research
on its current market perception and develop a positioning
strategy. After conducting in-depth, worldwide interview
sessions with executives from major clients, as well as
financial and industry analysts, partners and Unisys people,
the team arrived at a position statement, which reads, "Unisys
brings precision thinking and relentless execution to help
drive your business vision. Efficiently."
Internet
Pioneers Form IT Consulting Firm
In response to the rapidly growing market
for business process outsourcing.The newly formed company,
with offices in New York and Boston, will provide multi-process,
end-to-end business solutions to help companies become more
profitable in their technology initiatives. Their partnership
brings together a team of proven business, systems and software
innovators. Together they will deliver seasoned
IT experience-for-hire to companies looking to accelerate
their technology initiatives while minimizing IT and staffing
costs.
"Many
of the more successful BPO firms are now developing entry
strategies for the middle market and small business sectors,
which PEOs have served for years," Vales said. "This
new competitive landscape will put PEO firms at a major disadvantage
and ultimately drive the transformation of the PEO market.
Only vertical niche providers and the largest PEO providers
will survive as the market consolidates from several hundred
PEO firms to the best-of-the-best."
Logica Names Michael Meyer as CEO of North American Operations
"We're pleased to bring such a seasoned executive as Michael Meyer to lead Logica's North American operations," said Alwyn Welch, supervisory managing director of Logica in the Americas. "Mr. Meyer brings proven success in growing and managing multi-sector organizations in the US. This wealth of experience and business insight combined with his proven sales successes will create new opportunities for Logica to gain greater market share. The fact that we've brought on board a leader of Mr. Meyer's caliber demonstrates Logica's continued commitment to growing and strengthening our business in North America."
April
Consulting/IT News click on logo
IT Spending in Financial Services Industry will Increase 7 Percent in 2002
"The double-digit industry growth rates common in the 1990's are gone," said Susan Cournoyer, senior analyst for Gartner Dataquest's IT services group. "The slow transition from recession toward economic resurgence continues to put pressure on IT vendors to survive through lean times. In fact, 42 percent of financial services companies surveyed in late 2001 said that they plan to reduce the number of IT vendors they work with, compared to 22 percent of companies surveyed in 2000. Clearly the viability of the financial services practices of IT vendors is at stake."
Voluntary Departure Rate among IT workers remains high
"Surprisingly, given the difficult economic climate, voluntary departure rates at technology companies continue to be high, with the average turnover for all reporting companies at 10%," said Maria Schafer, program director of META Group's Human Capital Management (HCM) and author of the study. "That's down by only a single percentage point from 2001. Although turnover has improved for many companies, concerns about retaining valuable employees are quite high."
Business process and transaction management will be one of the stronger growth segments within IT services
As the economic slowdown continues to undermine confidence
and drive cost-cutting among IT buyers, all segments of
the IT services market will be impacted with unprecedented
low growth rates in 2002, according to Dataquest Inc., a
unit of Gartner, Inc.
Solution
Services Markets to Reach $187 Billion Worldwide in 2006,
IDC Predicts
The worldwide solution services market is expected to increase to $187 billion in 2006, representing a compound annual growth rate (CAGR) of 13.5%, a new report from IDC reveals. By 2006, supply chain management (SCM) services will present the largest opportunity, followed by enterprise resource management (ERM) services, and customer relationship management (CRM) services. Services for SCM and CRM will be major drivers of future growth, given their significance across companies’ value chain.
Current Consulting/IT News click on logo
