Yesterday marked the start of the 18th Alesco User Group conference being at the Intercontinental Hotel Melbourne, The Rialto. The theme of the this year’s is “Great Expectations, What Next…” a timely topic given the current technology changes we are seeing in the HR marketplace.
The event kicked off with Mary Sue Rogers, Global Managing Director, HR Managed Services providng attendees with a view on how the workplace is changing along with a short update on the Talent2 business.
Mary Sue confirmed the Allegis Group will be exercising their right to buy out Morgan & Banks Investments of their remaining shares. This buy out, effective 1 July 2014, will make Talent2 one of the many brands operating within the Allegis Group. The move should not come as any surprise given announcements in April about Talent2 being integrated to form Allegis Global Solutions. Mary Sue stated to the audience that while the ownership structure has changed nothing else was changing.
However reports in yesterday’s Financial Review indicates that Allegis has already moved to place the payroll management business up for sale. It is unclear from the reports if this includes the technology arm of Talent2 that looks after Alesco and also PeoplePay and Paysonnel systems. However technology solutions are not part of Allegis’s core business, so such a move would not be surprising.
We have reached out to Talent2 for further clarification.
Update: Shortlist reported on May 29 that the payroll business is not up for sale.