Staffing Firms Merger Cites Aging Workforce as Driving Force

ZeroChaos, which provides contingent labor management solutions for Fortune 1000 firms, in announcing its acquisition of FlexCorp Systems, a provider of strategic contractor payrolling and staffing solutions to large companies, cited the changing demographics of an aging workforce as crucial to the future needs of its clients:

"In the next four years, nearly 40% of the professional workforce will become retirement eligible," said ZeroChaos CEO Harold Mills. "For large corporations, this aging workforce is creating significant workforce planning concerns. For the employees, the definition of retirement no longer includes fishing or golfing full-time. Companies need the talent and the employees want to work, albeit on their own terms."

FlexCorp Systems founders Irene Cohen and Rick Miners will remain headquartered in New York and specifically focus on helping companies develop their "alumni talent pools", about which the two have authored many articles and books, including Don't Retire, Re-Wire, co-authored by Rick Miners and Jeri Sedlar.

Source: PR Newswire (February 6, 2006)