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"Banks like Morgan Stanley and Merrill Lynch are playing musical chairs," said Gustavo G. Dolfino, president of the WhiteRock Group, a finance hiring firm.
"Some are being told, 'I don't care if your wife has to stay here, this is what you have to do,' " said an executive at a finance hiring firm.
Jon Lindsey, the managing partner of the New York office of the legal search and hiring firm of Major, Hagen & Africa, said that last year some firms heavily involved in technology ventures hired 30 or 40 associates.
On average, the stockmarket reaction to the hiring announcement is a gain of about $1.3 billion for the hiring firm, but no change in GE's share price.
The outsourcers conduct initial job interviews, then pass the final candidates on to the hiring firm.
· Hiring Firm Shortlist Acquires East Africa's Spire Education―@TechWeez. · Africa Set to Top 1 Billion Mobile Internet Connections In Five Years ―@Reuters
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That suggests that clients, not hiring firms, make the difference.
Recall proponents have acknowledged hiring firms employing professional signature-gatherers, many from outside California.
Calls for tighter controls on hiring explain much of the rise in background checks, hiring firms said.
Thus, we expect that wages do not adjust much, and the greatest adjustment will take place with respect to hiring (firms are wage-takers).
Canada has invoked a "national security exception" for hiring firms to build a secure communications network, allowing it to block those seen as a security risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com