25%
of S&P 500 lack newly mandated nominating/governance
committees
S&P 500 corporate boards lack newly mandated nominating/governance
committees, according to a leading global executive search
firm.
60
million will retire in next 15 years
Census
information indicates that U.S. companies are approaching
an era where more people will leave the work force than
enter it. In fact, during the next 15 years, it is anticipated
that nearly 60 million people will retire.
Report
shows rise in hiring costs
The
comprehensive 2001 Benchmarking Reports reflect responses
from over 800 companies in 20 industries throughout the
United States. Participants responded to questions in
areas including: Staffing and Hiring, Compensation and
Benefits and Retention and Separation
Hiring
decisions becoming more complicated for hiring managers
Almost
one-third of survey respondents involved in the hiring
process indicated that it required four or more people
to make the hiring decision. For 58 percent of hiring
managers, two to three people were involved in making
the decision to hire
Companies
are spending more
effort and cash to investigate executive hires
Corporations are vetting candidates in unprecedented fashion,
putting their pasts under the microscope as never before.
Probes that were once restricted to credit reports, a
light parsing of the résumé and a reference
call or two are now far more exacting.
TMP
Worldwide Executive Search appoints former Korn/Ferry
Executive to senior position
Mr.
Romano, 38, served as Managing Director of Korn/Ferry's
Global Human Resources Practice, where he was responsible
for conducting executive search assignments across all
of the company's industry practices, including consumer,
industrial, technology, retail, financial services, and
healthcare.
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