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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Staffing Industry ACA Survey Open—Members Can Now Get a Free Report
The American Staffing Association is conducting a survey among its members to gather information regarding staffing firm plans for complying with the Affordable Care Act.
ASA members that participate will receive a free, exclusive report on the results. Responses will be confidential.
The survey will close Wednesday, Sept. 10, but only members of ASA are eligible to participate in the survey and receive a detailed report on the survey results. Join today to access important industry information and resources.
TeamHealth Names Mike D. Snow as President and CEO
TeamHealth Holdings News Release (08/26/14)
TeamHealth Holdings Inc., one of the nation’s largest providers of outsourced physician staffing solutions for hospitals, has announced the appointment of Michael D. Snow as the company’s president, chief executive officer, and board member effective Sept. 1, 2014. Snow joined TeamHealth in April 2013 as president. He replaces Greg Roth, who earlier this year announced his intent to retire after 10 years leading the company.
More Laid-Off Workers Find Jobs in Their Fields
USA Today (08/26/14) Paul Davidson
According to a survey of displaced workers by the U.S. Bureau of Labor Statistics, 62% of the approximately four million nonfarm workers who lost jobs they held for at least three years from 2011 to 2013 were employed again by January 2014, up from 56% in January 2012 and 49% in January 2010, and just over 50% obtained jobs in their former industries, compared with 47% in January 2012 and 44% in January 2010. Millions of Americans who lost their jobs during the Great Recession of 2007-2009 were forced to leave their fields, retrain for other industries at a substantial cost, and take lower-paying positions.
BLS economist James Borbely says the share of displaced workers securing employment has lagged other recoveries, with 70% of workers displaced from 2003 to 2005 employed again by early 2006, despite total employment rising just 3%, compared with a 5% gain from 2011 to 2013.
Who Are the ASA Leaders Coming to Your Neighborhood? Read Staffing Success Magazine
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ASA Publishes New Fact Sheet on ‘Bridge’ Message
To illustrate new data about temporary and contract employees in the U.S., ASA has published a fact sheet on staffing employees’ varied motivations for choosing temporary or contract work.
The 2014 ASA Staffing Employee Survey was conducted among 11,969 current (64%) and former (36%) temporary or contract employees who had worked for one of 275 staffing companies on or after Jan. 1, 2013. The data show that nearly half of temporary and contract employees (49%) choose staffing because it’s a way to get a permanent job. The fact sheet is available at americanstaffing.net.
Free ASAPro Webinar Next Month—Build a Sales Playbook
Do you know which strategies and tactics will best help you sell your firm’s services to potential clients? Find out how to develop a guide for properly executing each step of the sales process during the ASAPro webinar “How to Design Your Sales Playbook: Driving Repeatable Winning Sales Behavior.” It takes place Thursday, Sept. 11, 3–4 p.m. Eastern time.
All ASAPro webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Wellness Program With ‘Steep’ Penalty Violates the ADA, Claims EEOC Lawsuit
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Clicking Facebook’s ‘Like’ Button May Require an Employer to Rehire a Fired Employee
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Use of Noncompetes Cited as Factor Against Independent Contractor Status
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Texas Loses Suit Against EEOC Over Its Criminal Background Guidance
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Is a FLSA Collective Action Waiver by Itself in a Severance Agreement Enforceable?
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Persuading Employee to Work Rather Than Taking Unpaid Leave May Result in FMLA Violation
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Noncompetes Need Consideration When Executed After Employment Starts
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The Beginning of a Trend? Removing Asbestos-Related Injuries From the Exclusivity Provisions of Workers’ Compensation Statutes
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Even Post-Recession, Demand for Temporary Employees Remains High
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J&J Leads Companies Honing Message to Sift Job Applicants
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