MarketWatch (03/05/13)
Recruitment firm Michael Page International PLC today reported profit of £57.0 million before tax in the year ended Dec. 31, a decline of 34% from 2011’s full-year profit. The company reported revenue of £989.9 million, a decline of 2% from 2011. Michael Page anticipates another challenging year in 2013. In North America, year-to-year gross profit was down by 3% in constant currency in the first half.
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.
Fox Business (03/04/13) Saabira Chaudhuri
Intuit’s U.S. Small Business Employment index edged up 0.07% in February, with 15,000 jobs added. The index shows a 0.4% jump in average monthly compensation on a seasonally adjusted basis and a 0.17% increase in average monthly hours worked from January. Susan Woodward, an economist who helped develop the index, says, “Small-business employment has risen by 75,000 jobs from this same time last year. However, if small-business employment were growing at its usual proportionate rate of 15% of national employment, that number would be 300,000—a 400% difference.”
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Get your company’s compensation rates in line with current industry data by participating in the ASA Compensation Survey. Not sure how it all works? Register today for the free ASAPro webinar “2013 ASA Compensation Survey,” Thursday, March 7, 3–4 p.m. Eastern time. It will walk you through the online survey instrument and tell you more about the valuable survey reports you get in return, including how to access comparative reports on benefits and pay for 29 positions specific to the staffing industry.
Once you become an ASA Compensation Survey participant, your staffing company can add additional users, add and access data throughout the year, and create your own custom reports. Don’t miss this opportunity to learn more about this powerful tool. Register today at americanstaffing.net. ASAPro webinars are $295 for nonmembers. Join ASA and enjoy ASAPro webinars for FREE.
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