VC5 Partners invests in Rayne Staffing

Houston, TX Feb. 2, 2017  – Rayne Staffing (https://www.raynestaffing.com), an Engineering and Skilled Trades staffing firm, announced that it has entered into an agreement with Rekruiters’ parent VC5 Partners (www.vc5partners.com), a Houston based private equity firm, to form a partnership to support Rayne Staffing’s national growth strategy. Rayne Staffing will join VC5 Partners portfolio of specialized staffing firms including Rekruiters IT, Rekruiters Finance and Accounting, Devvelopers and Thorncor.

Each of these companies is lead by executives with years of expertise in a specific staffing sector offering their clients unmatched experience, knowledge, quality and specialization.

“We are so excited to bring Rayne Staffing into the Rekruiters/VC5 Partners family,” said Phil Vanderslice of VC5 Partners. “Our goal is to provide a one stop shop of specialty firms for our clients.  Rayne builds upon that goal by offering Engineering and Skilled Trades staffing services to our existing and future clients.”

“We believe we can offer the best of both worlds to our clients: independent highly focused companies targeting specific skills sharing certain operations to offer efficiency, size and scale to keep costs low to our clients.  We could not be more excited about this partnership,” he said.

About Rayne Staffing – Rayne Staffing specializes in the recruitment and placement of Skilled Trades, Project Management, and Engineering professionals throughout the United States. Rayne Staffing delivers full project life cycle recruitment services that creates a unique customer/client services experience.

Rayne Staffing has strategically placed offices throughout the United States which allows us to deliver quality service to our client and candidates the first time.

Rayne Staffing has over 17 years of collective experience within the Skilled Trades, Project Management and Engineering disciplines; this has enabled Rayne Staffing to create long lasting partnerships with both our clients and candidates. We represent professionals and skilled hands at all levels/divisions of our customer’s business.

About VC5 Partners – VC5 Partners invests and provides support for specialized startups with significant growth potential as well as mid-sized companies looking to take their businesses to the next level. We look to invest selectively in companies and people who are in need of a partner to provide that missing piece of the puzzle whether it is financing, leadership and management expertise or collaboration.

 

Rekruiters Employment Report – Houston

First off, special thanks to all of our clients and candidates for helping us to be ranked as both on the Fastest Growing Houston Based Companies and Top Twenty Largest Placement Firms In Houston according to the Houston Business Journal. It has been an incredible four year journey and we couldn’t have done it without you.

With regard to employment, we see a robust professional employment picture at this time. We are still seeing high demand for skillsets in Accounting, Finance and Technology. Positions most in demand, as usual are developers (C# and Javascript) and Staff Accountants.  Management positions are less in demand at the present time, however we are still seeing a need in the marketplace.

By the Numbers:

Metro Houston added 5,500 jobs in June, bringing total nonfarm employment to 2,998,700, according to the Texas Workforce Commission. In a glass half full view, when looking at employment during the great recession, we have significantly grown the Houston hiring picture. June’s job growth is stronger than June of last year as well.

Houston’s growth showed wide variance by sector.  Houston also posted the largest ever one month gain for June and had the greatest gains in the state for the leisure and hospitality sector.  Manufacturing and professional and business services also showed increases. While June’s job growth is stronger than the 3,500 jobs added in June of last year, it falls below the 25-year average of 7,200 net new jobs for this month. On a seasonally adjusted basis, Houston added 100 jobs in June, far below the 25-year average gain of 3,400 jobs. Since peak employment was reached in December ’15, Houston is down 22,600 jobs (not seasonally adjusted) and down 11,500 (seasonally adjusted). Sectors recording notable growth in June were leisure and hospitality (+9,000 jobs), manufacturing (+1,900), and professional and business services (+1,600). Not only did leisure and hospitality post the largest-ever one-month gain for a June, it was also the largest monthly gain on record for this sector. The 1,900 jobs added in manufacturing were the highest monthly increase since October ’14. Nondurable goods manufacturing added 1,100 jobs and durable goods manufacturing added 800 jobs. Professional and business services grew by 1,600 jobs, the strongest over-the-month gain since June ’15. The sector has never posted job losses in June―not even during the Great Recession.

 

 

Houston’s unemployment rate still remains higher than the Texas average.

 

Energy Specific Industry Information

The U.S. Energy Information Administration (EIA) forecasts WTI to average $48 through the remainder of the year and $52 in ’17. Similarly, Goldman Sachs sees prices remaining between $45 and $50 until mid-’17. Supply and demand will need to balance before prices rally to sustained higher levels.

 

 

 

The U.S. Energy Information Administration (EIA) forecasts WTI to average $48 through the remainder of the year and $52 in ’17. Similarly, Goldman Sachs sees prices remaining between $45 and $50 until mid-’17. Supply and demand will need to balance before prices rally to sustained higher levels.

 

If you are interested in more detail or different information, please let us know. RekruitersReport@rekruiters.com.

 

Austin, Dallas and Houston still in jobs growth mode according to TWC

Texas three remain strong. According to the Texas Workforce Commission,  Austin, Dallas and Houston all experienced solid employment numbers for May.  Austin recorded an unemployment rate of 2.9%.  Dallas recorded an unemployment rate of 3.4% (Dallas / Plano – 3.4% Fort Worth / Arlington 3.7%). Houston recorded 4.8%.  Overall Texas added 171,800 jobs and overall unemployment remained unchanged at 4.4%.

 

Computer Workers New Overtime Guidelines

The Department of Labor recently released new guidelines for computer workers. For most computer workers, the overtime guidelines did not really change that much. Here are the guidelines. A computer worker can be exempted from being paid for overtime under the following Scenarios: (more…)

Department of Labor issues new overtime rules:

 President Obama signing the memorandumOn May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. This long-awaited update will result in a meaningful boost to many workers’ wallets, and will go a long way toward realizing President Obama’s commitment to ensuring every worker is compensated fairly for their hard work.

(more…)

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