Nevada Jobs Get Chinese Investment

Future investments from China could help to create thousands of Nevada jobs.

Last week, the State of Nevada signed a deal with China to make way for investments that officials say will create jobs. Under the deal, China commits to invest in renewable energy, such as solar, wind and geothermal; mining; manufacturing; and tourism infrastructure.

“We are looking at creating jobs,” Alan Di Stefano, director of global trade and investment with the Nevada Commission on Economic Development, told the Las Vegas Sun. “This could be huge. It won’t be next week or month, but over a period of time it will be.

"Our trade with China has grown fast with nothing official," he continued. "People may not think a memorandum of understanding means much, but in China that’s like a contract that they are committing to do things, and the expectation is that this is going to happen. That’s the intent of the parties.”

The agreement will make it easier for Chinese companies to receive the government's permission to invest abroad, which is required in the country. China is currently the third largest export market for Nevada with $479 million in sales. In 2000, China was the fourth largest export market with about $40 million in sales.

Another part of the agreement could establish a Chinese trade center in Nevada. The possibility of passenger and freight air service between Nevada and China also will be considered. China Air has agreed to use Reno as a backup for shipping freight that can't get to San Francisco because of weather, and McCarran International Airport could be used for passenger and freight service.

China could further invest in Nevada by taking stock in Pershing County's copper ore and building non-gaming hotels to boost the tourism industry.

RPO Company Ranked Number One

One leading company's recruitment process outsourcing division recently received a top honor.

Adecco's RPO division, which is part of Adecco SA, was recently named as the number one RPO provider by The 2009 Black Book of Outsourcing client experience survey.

The survey, which is from 600 contracts held by nearly 2,500 of the top recruitment process spending organizations and conglomerate corporations globally, evaluates organizations based on scalability, client adaptability, flexible pricing and best of breed RPO technology.

"In compiling this year's results, Adecco RPO clearly received the highest marks compared to its competitors, achieving the highest rated single-vendor preference overall by RPO clients for 2009, and the number one ranked vendor among all verticals and industries," Doug Brown, managing director of research for The Black Book of Outsourcing, said.

"Adecco RPO is truly the best of the best not only capturing the number one overall ranking but also ranking number one in 12 of 18 key performance areas of RPO - an unprecedented accomplishment," he continued.

This year's survey also explored how organization's will engage RPO providers post-recession, finding that the majority of respondents, or 66 percent, anticipate the need to better manage the recruitment process through external providers, as the recovery of the job market is impacted by the candidate pool and skills required for future job growth, a strong sign as to the level of demand that will exist for RPO services in the near future.

"At Adecco RPO, our vision is to be our customers' partners and trusted advisors by delivering a world-class customer experience," Michael Beygelman, senior vice president of Adecco RPO, said. "This first place ranking is a rewarding acknowledgment from our clients that our focus on high quality, industry-leading service is aligned with their expectations from a global leader in RPO, and we would like to thank them for their commitment, recognition and continued partnership."