Futuris Co. Cancels Acquisition of LotusUSA Inc.
In November, futures first announced an acquisition deal of Los Angeles-based resource consulting provider, LotusUSA Inc. by global human capital management firm, Futuris Co. However, Futuris Co. recently announced the cancellation of the acquisition, providing no reason for the change.
LotusUSA Inc. provides staffing, process outsourcing services, technology solutions, engineering services, and application development, among other services, to federal, state, and local government agencies in information technology and healthcare. The acquisition deal was set to benefit both companies with Futuris Co.’s expansion and LotusUSA Inc.’s ownership remaining intact under Madhuri Yalamanchi.
Futuris Co. Continues Brand Building
Despite the cancellation of the acquisition, Futuris Co. assures shareholders of the relentless progress in building its brand and promises to keep them updated on all progress made. Futuris Co. is a global human capital management firm that continually strives to drive excellence in leadership development, talent management, and organizational effectiveness.
Additional Piece: The Importance of Effective Human Capital Management
Effective human capital management is the backbone of any organization, making it a vital aspect of any company’s operations. Human capital refers to the knowledge, skills, and experience of employees required to carry out an organization’s goals and objectives. As such, human capital management revolves around the acquisition, development, and management of this knowledge, skillset, and experience to achieve the desired results.
Human capital management encompasses different areas that include workforce planning and analytics, recruitment, selection, onboarding, development, succession planning, employee retention, and rewards and recognition. Companies that strategically manage their human capital enjoy benefits such as increased employee engagement and productivity, improved customer satisfaction, increased innovation, and better financial performance.
In today’s workplace, companies that can attract, develop, and retain top talent often have a competitive edge over their peers. As such, companies must invest adequately in human capital management to ensure that they attract the most skilled and experienced personnel.
Effective human capital management also helps businesses eliminate skills gaps, making use of data-driven insights from workforce analytics to identify skills gaps. This insight enables companies to develop training programs that equip employees with the necessary skills to perform required tasks. In addition, utilizing such insights enables the management to allocate staff to roles that best suit their abilities, preventing overloading employees and burnout.
Furthermore, effective human capital management enhances employee engagement, which directly impacts employee productivity and retention. Engaged employees imbibe company culture and values, leading to a sense of belongingness and establishing a more profound connection with their duties, colleagues, and employers.
In conclusion, companies must prioritize effective human capital management to thrive in today’s competitive marketplace. The cancellation of the acquisition by Futuris Co. should underscore the importance of strategic human capital management in organizations that desire to grow and succeed.
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June 02, 2023
Futuris Co., a global human capital management firm, today announced the cancellation of its previously announced acquisition of LotusUSA Inc., a Los Angeles-based resource consulting provider.
futures first announced the deal in November. No reason for the change was mentioned.
“We continue to make progress in building our brand and will continue to update our shareholders with all the progress we make,” Futuris Chairman Kalyan Pathuri said in a press release.
LotusUSA provides junior to mid-level professionals to federal, state and local government agencies in information technology and healthcare. Among other services, it provides staffing, process outsourcing services, technology solutions, engineering services, and application development.
Madhuri Yalamanchi owns LotusUSA Inc. There was no change of ownership.
https://www2.staffingindustry.com/Editorial/Daily-News/Futuris-cancels-LotusUSA-acquisition-65717
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