First Union Securities' Senior Analyst, Mark Marcon, Presents Outlook for Human Capital Solutions Industry

Issues Report Examining Key Trends Affecting Human Capital Solutions Industry



Apr 26, 2001, 01:00 ET from First Union Corporation

    BALTIMORE, Md., April 26 /PRNewswire/ -- First Union Securities today
 announced the publication of a major investment white paper entitled "A Guide
 to the Approaching Boom in Human Capital Solutions."  Mark Marcon, CFA, Senior
 Human Capital Solutions Analyst, and his team have identified key trends that
 both elevate the importance of, and constrain access to, human capital.
 Marcon's report also describes many of the emerging and established business
 models, with profiles of over 90 diverse companies providing human capital
 solutions.
     "The ability to effectively acquire, deploy and retain human capital will
 be a growing source of concern, and potential competitive advantage, for
 organizations over this coming decade," said Marcon.  "Employers will need to
 meet this strategic challenge, which is driven by demographic and cultural
 trends, in an environment of increasing administrative and budgetary burden on
 HR departments.  The good news is that new technology-enabled resources are
 emerging, which, in combination with established resources, provides employers
 with a wide array of weapons with which to fight the coming 'War for Talent'."
 
     Key sectors profiled in the report include:
 
     * E-cruiting
     * Executive search
     * Staffing and workforce solutions
     * Human capital supply chain management (including integrated recruitment
       automation systems, vendor management systems and human capital
       exchanges)
     * Human capital point solutions
     * HR business process outsourcing
     * HR transaction processing
     * e-HR
     * HR consulting
 
     The 150-page report can be attained by contacting your investment
 representative or by sending an email to HRandWorkforceSolutions@funb.com.
 Be sure to specify whether you would like a hard copy or electronic copy and
 to provide your name, company name, mailing address, e-mail address and phone
 number.
     First Union (NYSE:   FTU), with $253 billion in assets and stockholders'
 equity of $16 billion at March 31, 2001, is a leading provider of financial
 services to 15 million retail and corporate customers throughout the East
 Coast and the nation.  The company operates full-service banking offices in 11
 East Coast states and Washington, D.C., and full-service brokerage offices in
 47 states and internationally. Online banking products and services can be
 accessed through www.firstunion.com.
 
     Important Notice: First Union Securities is the trade name under which
 Charlotte based First Union Corporation conducts its investment banking,
 merger and acquisition, asset management and mutual fund, brokerage and
 insurance businesses.
     First Union Securities includes: (1) First Union Securities, Inc.
 ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC providing
 investment banking, merger and acquisition advisory and brokerage services to
 corporations, individuals and other institutions throughout the United States;
 (2) First Clearing Corporation ("FCC"), a separately registered broker-dealer
 and member NYSE/NASD and SIPC, providing securities clearance and settlement
 services; (3) First Union Securities Financial Network Inc., a separately
 registered broker-dealer and member of the NASD and SIPC providing full
 service brokerage services; (4) the Capital Markets and Capital Management
 Groups within First Union National Bank ("FUNB"), a national banking
 association, and its subsidiaries, providing asset management, lending,
 structured finance, risk management, derivatives, and fiduciary services to
 institutions and individuals; (5) various subsidiaries within First Union
 Corporation providing investment advisory, administrative and other services
 to the Evergreen and Mentor families of mutual funds; and (6) various wholly-
 owned state insurance agencies.
     Stocks, bonds, mutual funds or other securities offered or sold through
 First Union Corporation or any of its bank or non-bank subsidiaries are not
 deposits of any bank and are not insured, guaranteed or otherwise protected by
 the Federal Deposit Insurance Corporation or any other government agency; are
 not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and
 involve investment risk, including possible loss of principal.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X85301341
 
 

SOURCE First Union Corporation
    BALTIMORE, Md., April 26 /PRNewswire/ -- First Union Securities today
 announced the publication of a major investment white paper entitled "A Guide
 to the Approaching Boom in Human Capital Solutions."  Mark Marcon, CFA, Senior
 Human Capital Solutions Analyst, and his team have identified key trends that
 both elevate the importance of, and constrain access to, human capital.
 Marcon's report also describes many of the emerging and established business
 models, with profiles of over 90 diverse companies providing human capital
 solutions.
     "The ability to effectively acquire, deploy and retain human capital will
 be a growing source of concern, and potential competitive advantage, for
 organizations over this coming decade," said Marcon.  "Employers will need to
 meet this strategic challenge, which is driven by demographic and cultural
 trends, in an environment of increasing administrative and budgetary burden on
 HR departments.  The good news is that new technology-enabled resources are
 emerging, which, in combination with established resources, provides employers
 with a wide array of weapons with which to fight the coming 'War for Talent'."
 
     Key sectors profiled in the report include:
 
     * E-cruiting
     * Executive search
     * Staffing and workforce solutions
     * Human capital supply chain management (including integrated recruitment
       automation systems, vendor management systems and human capital
       exchanges)
     * Human capital point solutions
     * HR business process outsourcing
     * HR transaction processing
     * e-HR
     * HR consulting
 
     The 150-page report can be attained by contacting your investment
 representative or by sending an email to HRandWorkforceSolutions@funb.com.
 Be sure to specify whether you would like a hard copy or electronic copy and
 to provide your name, company name, mailing address, e-mail address and phone
 number.
     First Union (NYSE:   FTU), with $253 billion in assets and stockholders'
 equity of $16 billion at March 31, 2001, is a leading provider of financial
 services to 15 million retail and corporate customers throughout the East
 Coast and the nation.  The company operates full-service banking offices in 11
 East Coast states and Washington, D.C., and full-service brokerage offices in
 47 states and internationally. Online banking products and services can be
 accessed through www.firstunion.com.
 
     Important Notice: First Union Securities is the trade name under which
 Charlotte based First Union Corporation conducts its investment banking,
 merger and acquisition, asset management and mutual fund, brokerage and
 insurance businesses.
     First Union Securities includes: (1) First Union Securities, Inc.
 ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC providing
 investment banking, merger and acquisition advisory and brokerage services to
 corporations, individuals and other institutions throughout the United States;
 (2) First Clearing Corporation ("FCC"), a separately registered broker-dealer
 and member NYSE/NASD and SIPC, providing securities clearance and settlement
 services; (3) First Union Securities Financial Network Inc., a separately
 registered broker-dealer and member of the NASD and SIPC providing full
 service brokerage services; (4) the Capital Markets and Capital Management
 Groups within First Union National Bank ("FUNB"), a national banking
 association, and its subsidiaries, providing asset management, lending,
 structured finance, risk management, derivatives, and fiduciary services to
 institutions and individuals; (5) various subsidiaries within First Union
 Corporation providing investment advisory, administrative and other services
 to the Evergreen and Mentor families of mutual funds; and (6) various wholly-
 owned state insurance agencies.
     Stocks, bonds, mutual funds or other securities offered or sold through
 First Union Corporation or any of its bank or non-bank subsidiaries are not
 deposits of any bank and are not insured, guaranteed or otherwise protected by
 the Federal Deposit Insurance Corporation or any other government agency; are
 not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and
 involve investment risk, including possible loss of principal.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X85301341
 
 SOURCE  First Union Corporation