Article Abstract:
The relatively untapped Asian headhunting business is booming, with most companies recording revenue growth at over 40% for the year. Niche players, such as Eban International Inc. and Wall Street Associates, sometimes struggle against the larger companies such as Heidrick & Struggles International Inc., Russell Reynolds Associates, ITP Worldwide Inc., TMP Worldwide, and Korn/Ferry International Inc. While there is room for growth, independent headhunting companies run the risk of losing their efficiency when they attempt to take on too large a market too quickly.
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Article Abstract:
Paul Reilly of recruitment firm Korn/Ferry International must oversee staff cuts and executive salary cuts, but hopes that growth will continue in Asia. Some back office functions of Korn/Ferry and its Internet arm FutureStep will be integrated, since original plans to spin off FutureStep have been scrapped in favor of integrating the operations.
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Article Abstract:
Many large financial institutions have disaster plans in place to prepare for various types of emergencies, and some will be updating their plans or creating new ones in reaction to the terrorist attacks in America. Overseas Union Bank's contingency plan for its employees in the World Trade Center is featured.
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