ManpowerGroup News Release (04/19/13)
ManpowerGroup today reported that net earnings for the three months ended March 31 were $23.9 million, a decrease of 6% from a year earlier. Revenues for the first quarter were $4.8 billion, a decrease of 6% from the prior-year period.
U.S. revenues for the quarter totaled $706.1 million, a decrease of 4% from a year earlier. The U.S. unit’s operating profit was $7.4 million, a 7.9% increase from the prior-year period.
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.
Conference Board News Release (04/18/13)
Following gains of 0.5% in both January and February, the Conference Board’s Leading Economic Index for the U.S. slipped 0.1% in March. “Data for March reflect an economy that has lost some steam,” says Ken Goldstein, an economist at the Conference Board. “The biggest challenge remains weak demand, due to nervous consumer sentiment and slow income growth.”
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The next few weeks will be full of free education from ASA. These upcoming ASAPro webinars can help you navigate direct-hire contracts, the challenges of family-owned staffing firms, and more.
Thursday, April 25—”All in the Family—Best Practices for Family-Owned Staffing Firms“
Managers at a family-owned staffing firm may face some unique challenges. Learn about the special circumstances of family-owned business, and how to overcome some common obstacles, during this ASAPro webinar.
Thursday, May 23—”Protecting and Collecting Your Direct Placement Fees“
Attorney Mike Rode will provide guidance and steps to help you create enforceable recruiting agreements with your clients. This ASAPro webinar will expand on the key issues discussed in the 2013 Staffing Law Conference session “Direct-Hire Contracts—Collecting the Fee” and is an excellent primer for recruiting and search consultants who plan to earn the new Certified Search ConsultantSM credential.
Thursday, May 30—”Gain a Competitive Advantage With ASA Certification“
Discover the benefits of joining the more than 6,000 individuals who have earned the Certified Staffing Professional® and Technical Services Certified™ credentials—and get the details about the new Certified Search Consultant certification program.
ASAPro webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASAPro webinars for FREE.
In just two weeks, ASA will launch a powerful online resource that will change how staffing companies access industry supplier information and make important purchasing decisions.
A feature-rich, interactive, searchable website, ASAMarketplace.net will allow users to find supplier products and services in various categories by using a host of tools. There’s never been anything like it in the staffing business.
Suppliers to the staffing industry should contact Antoinette Dixon at 703-253-1142 or adixon@americanstaffing.net or Bob Jonas at 703-253-1169 or rjonas@americanstaffing.net for listing details.
This spring, ASA is on the road. Hear from chairman Bob Livonius of AMN Strategic Workforce Solutions, or from ASA president and chief executive officer Richard Wahlquist, senior counsel Ed Lenz, or government affairs counsel Toby Malara, at one of their upcoming presentations at the meetings of ASA-affiliated chapters. Find out how the Affordable Care Act will affect your business, and support your local chapter as you learn the challenges the industry is facing from ASA experts.
Livonius will speak in North Carolina. Wahlquist will speak in Illinois. Lenz will speak in California, Florida, and New Jersey. Malara will speak in Rhode Island and South Carolina. Visit americanstaffing.net for details.
Please join the ASA board of directors and staff in welcoming the following new members, which joined during the week of April 8.
Architectural Personnel Inc.
Indianapolis, IN
Core Focus Personnel LLC
Bessemer, AL
itBeans LLC
Pittsburgh, PA
Personnel Services LLC
Wichita Falls, TX
Seaside Temps LLC
Seaside, OR
Staff America Inc.
Inverness, FL
STAR Staffing, a div ision of The Work Station Inc.
Alpena, MI
Synergy Staffing
Salt Lake City, UT
Western International Staff
Scottsdale, AZ
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