Staffing employment in July is up 4.4% from July 2011, according to the ASA Staffing Index.
The index value for June is 92, indicating that staffing employment is approximately 1.9% lower than that reported for the previous month.
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.
CTG Reports Second Quarter EPS Increase of 47% to $0.25
CTG News Release (07/23/12)
CTG has announced its financial results for the 2012 second quarter, which ended on June 29, 2012. Diluted net income per share for the 2012 second quarter included one-time proceeds of $0.4 million, included in other income, from life insurance proceeds paid to the company upon the death of CTG co-founder and director Randolph A. Marks. Excluding this nonrecurring gain, net income per diluted share for the 2012 second quarter would have been $0.22, 29% higher than the 2011 second quarter.
“CTG’s second-quarter results were strong across the board with revenue, operating income and margin, and earnings per share all making significant gains over last year,” says CTG chairman and chief executive officer James R. Boldt. “Our health care division, which is CTG’s most profitable business unit, continues to perform very well with a 25% increase in revenue in the quarter to one-third of the company’s total revenue.”
Staffing Firm Sued Over NH Hepatitis C Outbreak
Associated Press (07/23/12) Holly Ramer
Robert Fowler, a New Hampshire man diagnosed with hepatitis C, is suing Nebraska-based Triage Staffing Inc., alleging the staffing firm was negligent in hiring, employing, and supervising David Kwiatkowski, a traveling medical technician who worked for the firm. Fowler’s lawyer, Domenic Paolini, says Triage should have known about the likelihood that Kwiatkowski would cause harm and that the staffing firm intentionally misrepresented his qualifications and employment history.
Kforce Sees Drop in Government Services Revenue
Associated Press (07/23/12)
Kforce says it will book a pretax charge of between $60 million and $70 million to its second-quarter results because of a decline in the value of its companies that work with government agencies. The companies comprise about 8% of Kforce’s total revenue. The company says the revenue is being hurt by “increasingly significant delays” in getting already-funded government projects started.
Free ASAPro Webinar Today—Time Wasters and Solutions
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ASA Award Deadline Approaching: Entries Due Aug. 1
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Today’s ASAPro Webinar—Time Wasters and Solutions
Don’t miss today’s ASAPro Webinar, “Time Wasters and Solutions.” Barb Bruno, CPC, CTS, of HR Search Inc. and Good As Gold Training Inc. will help you eliminate time wasters and accomplish more each day.
All Webinars take place from 3 to 4 p.m. Eastern time. ASAPro Webinars are $295 for nonmembers. Join ASA and attend ASAPro Webinars for FREE. Register online at americanstaffing.net.
Free Webinar on Staffing Industry Legislative and Regulatory Issues
You won’t want to miss the free Webinar “Staffing Industry Legislative and Regulatory Issues” next Wednesday, Aug. 1, 3:30–4:30 p.m. Eastern time. The ASA legal team will discuss potential lawsuits resulting from government guidance on the use of criminal background checks, mandates related to the health care reform law that are set to take effect in 2014, possible business changes resulting from the November elections, and other pressing issues that can affect your bottom line.
Register online at americanstaffing.net.
Wage-and-Hour Lawsuits on the Rise
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Be Wary of Hitting Employee With Sudden Criticism After FMLA Request
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Facebook Posts From an Employee’s Termination Meeting? Plan for It
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Is the NLRB Going After At-Will Provisions?
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Problems With Obesity in the Workplace
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What Is the EEOC Mediation Program and Why Should It Be Considered?
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Fewer Employers Conducting Credit, Criminal Checks of Job Applicants: SHRM
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Does Moving Up Mean Moving On?
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