Issue link: https://www.e-digitaleditions.com/i/65226
NEWS FROM THE WORLD OF WORK Upside "This is a very smart move, and one which most analysts predicted. Following SAP's acquisition of SuccessFactors, this gives Oracle a tremendously powerful suite of products in the HR market, one of the fastest-growing markets for enterprise software." —Josh Bersin, Bersin and Associates, The Business of Talent blog Ochre House Expands in Middle East and North Africa Recruitment process outsourcing firm Ochre House strategically acquired strategic resourcing firms, TAAHEED and Carmichael Fisher, in the Middle East and North Africa respectively, to expand its international capabilities. "We are already one of the fastest growing talent management businesses in Europe and Asia and have an established partnership with one of the U.S.'s leading players, Pinstripe", says Chris Herrmannsen, CEO. "Acquiring the Dubai-based TAAHEED and its sister company, Carmichael Fisher, provides us with a key piece of the jigsaw we need to deliver truly global talent acquisition and management solutions." Founded in 2009, TAAHEED works with locally owned and international companies across the Gulf and northern Africa, providing both project-based recruitment and full recruitment outsourcing. The TAAHEED team has more than doubled in the past year and revenues having grown by almost 200 percent in the same period. Its sister company, Carmichael Fisher, was part of the global Carmichael Fisher group and is the largest executive talent solutions business in the region with sector specialisms in banking and financial services, education, healthcare, construction and transportation, telecommunications, media and technology, and professional services. HROA's New Board of Trustees The European Board of the Human Resources Outsourcing Association elected new co-chairs. Howard Nelson (IBM) will now serve with Gary Madden (BP) as co-chair of the European Board. Futurestep Toward APAC Futurestep Singapore, part of Korn/Ferry International, has struck a two-year recruitment process outsourcing (RPO) contract with Jones Lang LaSalle's Corporate Solutions division in Asia Pacific. Jones Lang LaSalle (JLL) is a financial and professional services firm specialising in real estate services. The firm pioneered the corporate real estate offering in Asia Pacific and provides end- to-end services to companies operating in this part of the world. "Futurestep will be embedded in the Jones Lang LaSalle corporate business, which not only enables us to fill roles quickly, but also creates a talent pipeline for roles the business will need in the future," says Ute Braasch, head of HR corporate solutions at Jones Lang LaSalle. "With the fast-paced growth we are experiencing, this will better enable us to keep pace with our clients' growing demands in this region." "Jones Lang LaSalle is an industry leader and a premium brand worldwide, and we are proud to be associated with them," notes Rachael Pogson, managing director, Futurestep South East Asia. "Jones Lang LaSalle's aggressive growth plans in the region require investment in the future and we are excited to be selected as a partner in this journey. By using our expertise and global footprint we will help facilitate the firm's growth by delivering high-impact talent to support its business goals in the Asia Pacific market where talent shortages are commonplace." No More Offshore? Corporations in Europe and the U.S. will move an additional 750,000 jobs in IT, finance, and other business services to India and other low-cost geographies by 2016, according to new research from The Hackett Group. But levels of additional offshoring in these areas will begin to decline by 2014 and in the next eight to 10 years the flow of jobs offshore is likely to cease, as companies simply run out of business services jobs suitable for moving to low-cost countries. The Hackett Group's offshoring research, which examined available data on 4,700 companies with annual revenue over $1 billion headquartered in Europe and the U.S., found that by 2016, a total of 2.3 million jobs in finance, IT, procurement, and HR will have moved offshore. This represents about one third of all jobs in these areas. India is by far the most popular destination, with nearly 40 percent of the jobs being offshored headed there. But The Hackett Group's research sees additional offshoring levels in business services, which are currently at around 150,000 new jobs each year, leveling off or declining after 2014. The Hackett Group's research also found that of the 5.1 million business services jobs remaining onshore at European and U.S. companies in 2012, only about 1.8 million have the potential to be moved offshore, with 750,000 of those moving by 2016. Hackett's research also found that automation and other productivity improvements are another major factor driving job losses in business services at U.S. and European companies. Automation and other productivity improvements will have caused the elimination of 2.2 million business services jobs at these companies between 2006 and 2016, and these factors are currently driving the elimination of around 200,000 jobs annually.