Issue link: https://www.e-digitaleditions.com/i/227268
Upside NEWS FROM THE WORLD OF WORK New Investor For Alexander Mann Solutions Alexander Mann Solutions and New Mountain Capital LLC announced their agreement of New Mountain Capital LLC acquiring Alexander Mann Solutions for £260 million, subject to EU Competition Commission approval. New Mountain is a leading private equity investor, and Alexander Mann Solutions is a leading talent acquisition and management business. New Mountain's support of Alexander Mann Solutions will assist in further developing their integrated offering of outsourcing and consultancy services, which helps international organizations to attract, engage and retain their people. New Mountain Capital is based in New York and currently manages over $10 billion in assets. Alexander Mann solutions is headquartered in central London with significant client presence in North America, Europe and Asia, operating in more than 75 countries and employing almost 2,000 people. Alexander Mann Solutions supplies tailored talent acquisition and consulting services to multi-national companies, has demonstrated strong growth over the last ten years, and has approximately doubled since 2007. Alexander Mann Solutions has been acquired from Graphite Capital, a specialist provider of private equity finance in the UK which has £1.7 billion under management. Alexander Mann Solutions' founder Rosaleen Blair will remain as CEO, supported by her management team. Success for Seaton Seaton Corp., a Chicago-based outsourcing and recruiting firm reported a third quarter 2013 revenue increase of 19 percent year over year. Seaton operates under the Staff Management | SMX, PeopleScout, and StudentScout brands. The PeopleScout division had a particularly strong quarter, delivering top line growth of 32 percent. [8] HRO TODAY MAGAZINE | NOVEMBER 2013 Growth was organic and largely driven by successful implementation of existing client expansions and new client engagements. Revenue in the third quarter totaled $136 million. The company also delivered strong earnings growth, recording a 27 percent year-over-year increase in the third quarter. Healthcare Unaware Healthcare reform has presented employers with the predicament of communicating accurate information regarding all employee benefits, which is easier said than done. The Jellyvision Lab's, creator of the virtual employee benefits counselor ALEX®, recent study ALEX Asks: What Employees Think About Your Benefits Communication found that only 15.1 percent of employees say they're "knowledgeable" or "very knowledgeable" about their benefits, even though 90.3 percent of respondents think it's at least "somewhat important" to understand, and 71.5 percent say it's either "important" or "very important". Nearly four out of five employees believe in their employer's ability to convey the benefits information, apparently this has just not occurred everywhere yet. Another problem is posed by the lack of wellness program awareness. While the majority (77.6 percent) of surveyed employees think it is at least "somewhat important" for their employers to provide a wellness program, nearly one in five workers can't say for sure if their company even has one. Josh Fosburg, vice president of business development for The Jellyvision Lab, reports that 45.3 percent of employees in this survey believe they have to pay something in order to take advantage of the wellness programming that assists in managing weight, staying on top of prescribed medication, and smoking cessation. This survey brings to attention the action that needs to be taken for full employee comprehension of benefits options. On the Move Carole Johnson was added to the executive roster of security services provider AlliedBarton when she was promoted to president and COO. Johnson has worked at the company since 2010 as senior vice president of client experience. Johnson will continue her employment reporting to CEO and Chairman, Bill Whitmore. Johnson will oversee operations and business development, create and execute on strategies that deliver an exceptional client experience, and help guide the organization's growth.