Brookfield, WI – December 20, 2018 – Cielo, the world’s leading strategic recruitment process outsourcing (RPO) partner, and Permira, the global private equity firm, today announced a definitive agreement under which a company backed by the Permira funds will acquire a majority equity stake in Cielo from Accel-KKR (AKKR).
Cielo will use this new investment to support its next phase of strategic growth, reinforcing its commitment to providing innovative services, solutions and technology that help organizations around the globe find, attract and hire the best talent. As part of the transaction, the Cielo management team, led by Founder and Chief Executive Officer Sue Marks, will maintain meaningful ownership and will continue to lead Cielo in their current roles. Terms of the transaction were not disclosed.
“Cielo is passionate about changing the way the world views talent, and just as our partnership with AKKR has fostered our growth into the leading global RPO, our new partnership with Permira will enable us to further our vision. Permira is committed to helping us achieve the ambitious goals we’ve set for the next stage in our development,” Sue Marks, Cielo CEO and Founder, said. “With the Permira funds’ support, we’ll continue to expand into new geographies and invest in innovation and technology, while delivering creative, strategic solutions, like Total Talent Acquisition, that meet and anticipate the evolving needs of our clients. The partnership also will support investments in our own people to ensure that the Cielo culture is one that attracts, develops, and inspires the world’s best recruiting talent.”
The Worker Confidence Index (WCI) for the third quarter of 2018 increased by 3.1 points, and is now at its highest level since the first quarter of 2017. All four components of the WCI saw increases this quarter, with Likelihood of a Promotion rising the most, followed by Likelihood of a Raise and Trust in Company Leadership.
Both men and women continue to feel more confident about getting a raise. Workers remain secure about job stability, which may be due in part to near historically low unemployment rates. Women continue to report higher levels of confidence in job security than men, and the percentage of men who felt concerned about job security decreased from last quarter.
What else does the report show that impacts HR? Click here to download the report.
Philadelphia, PA – December 6, 2018 – SharedXpertise, publisher of HRO Today Magazine, and Alexander Mann Solutions, one of the world’s leading providers of talent acquisition and management services, have partnered to release the Human Resources New Technology Quarterly Summary: Q3 2018.
As the rate of advancement in the human capital management (HCM) technology sector increases, these quarterly reports track and summarize trends, funding initiatives and other activities related product innovation in HR. The reports provide critical insights into new technology, its applications and the companies leading the HCM technology industry.
During the third quarter of 2018, 49 major announcements in HR technologies were made, down slightly from the 57 documented in the second quarter. Mobile capabilities, artificial intelligence (AI), and platforms that facilitate communication between employers and employees/candidates continued to have high levels of development. Interest in AI has remained strong all year, which has many companies exploring how to prepare for the inevitable digital transformation.
Devon, PA – December 3, 2018 – L2 Capital Partners, L.P. (“L2” or “L2 Capital”) and Lakewood Capital, LLC (“Lakewood”) announced the acquisition of Orion ICS, LLC (“Orion Talent”) and its wholly owned subsidiary Novotus, LLC (“Orion Novotus” and with Orion Talent, collectively, “Orion” or the “Company”), together, a leading human capital management platform offering a unique combination of military, skilled professional, and Recruitment Process Outsourcing (“RPO”) solutions. The Company is comprised of a core military hiring capability in Orion Talent and award-winning RPO services through Orion Novotus, thereby creating a unique end-to-end talent acquisition and recruitment process solution.
Founded in 1991, Orion Talent (www.oriontalent.com) has found careers for over 43,000 veterans and operates from offices located throughout the nation. In 2016, the Company expanded its service offerings by acquiring Novotus, now Orion Novotus (www.orion-novotus.com), a full-service RPO provider. The acquisition combined one of the largest military talent placement firms in the country with an award-winning RPO capability. In turn, the consolidated enterprise created a platform for evolution into a global full-service enterprise talent management and recruiting firm.
Michael Starich, Chief Executive Officer of Orion, noted, “Our new partnership with L2 and Lakewood is a critical step in Orion’s path as we expand the scope of our operations. We think of Orion as not just a business – but a mission. And with the support of L2 and Lakewood in delivering on that mission, we are well on our way to becoming a global leader in recruiting excellence.”
What technological advancements and news happened during the third quarter of 2018?
The rate of advancement in human capital management (HCM) technology sector has been increasing exponentially. In order to track the players and their innovations, HRO Today and Alexander Mann Solutions have partnered to release quarterly reports that summarize trends, funding initiatives and other activities that support product innovation in HR.
CSS’s service offerings, advanced knowledge base and customer service excellence directly contributed to being rated as one of the best providers in the industry.
November 19, 2018 – Gibbsboro, NJ – For the third consecutive year, CSS Inc. has been recognized as the industry’s elite in employee screening by HRO Today Magazine. Listed on the 2018 Baker’s Dozen Customer Satisfaction Ratings for Pre-Employment Screening, this ranking supports the hard work and dedication CSS employees put forward to create intelligent solutions catered to the unique needs of their Customers.
According to a survey commissioned by the National Association of Professional Background Screeners, 96% of surveyed organizations conduct background checks, with more and more companies recognizing the benefits of working with an accredited, highly acclaimed provider and realizing the cost and process efficiencies in consolidating all screening services through one provider. CSS’s commitment to its Customers, innovative processes, and technological advances surpass competitors in the screening industry and are the reasons why many companies are choosing CSS as their sole provider.
Philadelphia, PA – November 13, 2018 – HRO Today has announced the winners of its 2018 Talent Acquisition Leader of the Year Awards in EMEA.
The individual award winners and leaders of distinction were selected for demonstrating excellence in the talent acquisition function, including employer branding, diversity, technology, and financial analysis. The winners were announced at an awards luncheon hosted by Cielo on November 6, 2018 at the HRO Today Forum EMEA in Amsterdam, Netherlands.
The 2018 Talent Acquisition Leader of the Year Awards in EMEA winners are:
Philadelphia, PA – November 13, 2018 – HRO Today has announced the winners of its 2018 CHRO of the Year Awards in EMEA.
The leaders of distinction and individual award winners were announced at an awards gala on November 5, 2018 at the HRO Today Forum EMEA in Amsterdam, Netherlands. Individual awards were presented in the following categories: innovation, for-profit, and sustainable workforce.
The 2018 CHRO of the Year Awards in EMEA winners are:
Orange, CT – November 12, 2018 – AVANGRID Inc. (NYSE: AGR), a leading sustainable energy company, today announced the appointment of Peter Church as Chief Human Resources Officer. In this role, Church will oversee Human Resources, Information Technology and General Services.
Reporting to AVANGRID CEO James Torgerson, Church will be responsible for developing and executing human resource strategies in support of the overall company business plan and strategic direction of the organization.
“Peter is a great addition to the AVANGRID management team as we think about the AVANGRID culture and employer brand reputation,” said James Torgerson, CEO of AVANGRID. “He brings a great balance of practical HR process experience and big picture thinking around workplace culture and employer brand.”
A new service intended to provide “360 degree” attention to the various background check related legal issues that employers face.
November 6, 2018, Gibbsboro, NJ — As the background screening industry for employers continually evolves based on new legislation and regulation, CSS is now offering its clients access to legal advice from one of the largest labor and employment law firms in the United States via its new service, CSS Compliance Plus. Littler Mendelson, P.C., with more than 1,500 attorneys, provides clients with representation and daily advice on virtually all areas of labor and employment law.
With states and locales establishing new legislation such as “ban the box”, “salary history ban” and other regulations geared towards the type of information that hiring employers can and cannot ask on applications, it has become critical that organizations have the resources to be regularly updated on these changes.
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