Workforce Week®

	www.workforce.com
	January 14 - 20, 2007 Vol. 8 Issue 3

In This Issue...

Workforce News of the Week
Feature: 5 Questions for Rep. George Miller, Chairman, House Education and Labor Committee
Feature: Home Depot CEO's Departure Might Mean Payday for HR Chief
Forum Post: The Looming Recruitment Challenge
Commentary: Nardelli's Tear-Down Job
Quick Takes: Flying Unicorn; Bond Adds Recruiter; Watson to Reacquire Partner: Insurer Reaps Benefits; Consultants Deal Down Under; The Sky May Not Be Falling; Best Companies for Leaders

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Workforce News of the Week:

Extended Deployments Could Hurt Work Prospects of Citizen Soldiers: The Pentagon's decision to extend active-duty requirements for citizen soldiers in the National Guard and military reserves could take a toll on both civilian employers and employees. Employers may shy away from hiring reservists or National Guard members.
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House Passes Minimum Wage Bill: Momentum for increasing the minimum wage is likely to slow in the Senate, where Democrats have a 51-49 majority. Under Senate rules, it takes 60 votes to end debate and move to final passage of legislation.
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Korn/Ferry Acquires Major Executive Coaching Firm: The just-announced deal comes on the heels of Korn/Ferry's August purchase of Lominger Ltd. and allows the company to extend its reach beyond its traditional executive search capabilities.
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Congress Goes After Retirement Plan Fees: Joined by the Labor Department, Rep. George Miller will spearhead a move toward broader disclosure.
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Employee Ratings of Senior Management Dip: Chasms in communication strategies, which corporations have let widen since the terrorist attacks of 2001, contribute to the drop.
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Report Finds CEO Succession Is Directors' Top Concern: Roughly half of the corporate boards from public, private and nonprofit companies say they are "less than effective" at CEO succession, and only a similar percentage have a succession plan in place, according to a new survey.
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Feature
Exclusive interview
5 Questions for Rep. George Miller, Chairman, House Education and Labor Committee

Rep. George Miller, D-California, became chairman of the just-renamed House Education and Labor Committee this month, when Democrats took control of Congress. Miller played a prominent role in making an increase in the minimum wage a congressional priority.

Feature
Executive compensation
Home Depot CEO's Departure Might Mean Payday for HR Chief

Anyone who may have questioned whether Dennis Donovan, executive vice president of human resources at Home Depot, really has a seat at the table need only to refer to his employment agreement to find their answer.

Discussion
General Forum

Posted in the Benefits & Compensation Forum:
A reader writes: "In six short years, there will be only one worker to replace every two who retire. As if this weren't enough, colleges aren't graduating nearly enough engineers. My company (located in Iowa) is growing and in need of talented, capable engineers. We're doing fine now, but how will we fill this need once baby boomers start retiring in record numbers?"

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The Last Word
Nardelli's Tear-Down Job

The CEO's failure was rooted in his decision to take a hammer to the people-oriented culture that was the essence of the Home Depot experience.

Quick Takes – A Digest of Workforce Management News and Events

Unicorn Is Flying: UnicornHRO acquires BMH Inc., a developer of open-source HR software.
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HR Recruiting Marriage: Bond International Software snaps up Gowi Group in a $17.5 million deal.
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Watson to Reacquire Partner: The buyback of its alliance partner would continue a string of deals for the Washington-based HR consultancy.
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Insurer Reaps Benefits: Insurance brokerage HRH deepens its offerings by acquiring employee benefits firm Nevin, Works & Associates.
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HR Consultants Deal Down Under: Robust Asia-Pacific markets are drawing the interest of larger U.S. consulting firms.
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The Sky May Not Be Falling: Despite seemingly weekly notices of huge layoffs, a new research report said 2006 cutbacks were not as severe as in 2005. Even so, the automotive, chemical and media sectors were rocked in '06.
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Best Companies for Leaders: GE ranks first, with four other U.S. multinationals rounding out the top five.
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—Items compiled by contributing editor Garry Kranz and the Workforce Management staff.

EXCLUSIVE WEBCAST TODAY
ROI and the New Human Capital Metrics
With Jack J. Phillips, Ph.D. — Chairman, ROI Institute, Inc
Tuesday, January 16, 2007 — 2:00 pm ET (11:00 am PT)
You need to prove the value of HR programs past, present, and future. But how? What initiatives should you invest in? How much? What's the payoff? The ROI Methodology will give you the answers. It's a tested process for planning and evaluating HR programs allowing you to show the monetary benefits directly connected to them. Learn how to apply this powerful tool using: Key drivers for the use of ROI in strategic HR Steps of the ROI Methodology; how to conduct an ROI study The ROI standards Case studies and examples Registration is FREE, but enrollment is limited. Register today!

Employees Called for Military Duty

Does you company have employees deployed in Iraq, and is this a hardship for your business?

67%: Yes.
31%: No.
2%: I don't know.

Total respondents: 335

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Software & Technology

Training & Development

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