Staffing employment in April is up 1.2% from the same month last year, according to the ASA Staffing Index.
The index value for the month of April is 92, indicating that staffing employment is up slightly from March (1.9% higher).
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 First Quarter Earnings
PR Newswire (04/22/13)
CTG reports a 5% increase in revenue to $108.5 million in the first quarter of 2013 from $103.4 million during the same period last year. The company’s staffing revenue totaled $65.8 million in the first quarter and accounted for 60.6% of total revenue, up 5.1% from the first quarter of 2012. Its net income rose 21% to $4.1 million from $3.4 million over the same period.
More Corporate Economists See Increased Hiring in Next Six Months—NABE Survey
Wall Street Journal (04/22/13) Eric Morath
A significant economic slowdown may not materialize this spring after all, according to the National Association for Business Economics. A NABE survey of corporate economists released Monday found U.S. companies are more optimistic about the economy and plan to hire. Some 40% of those surveyed say their company or sector intends to boost hiring in the next six months. Just 9% intend to lay off employees.
“Overall business activity has been expanding for well over three years…we’re at the point where companies can no longer just pay overtime, and need to go hire more people,” says Ken Simonson, chief economist for the Associated General Contractors of America.
Almost two-thirds of the economists surveyed forecast the economy will grow at a pace faster than 2% in the next year, up from 50% that projected similarly strong growth in a January survey.
Close to the Bombs’ Impact, Aquent Employees Keep Work Going From Home
Boston Business Journal (04/22/13) Matthew Brown
Nearly 100 employees work at staffing firm Aquent’s Back Bay office on Boylston St. in Boston, and with its clear view of the Boston Marathon finish line, most who were there on April 15 witnessed the explosions resulting from two bombs and their immediate aftermath. “We were trying to figure it out, trying to make sure everyone was okay and wondering what we should do,” says Ann Webster, Aquent’s president.
Webster is hoping staff, which has been working from home, will be allowed back in the building sometime in the next couple of days. She considers Aquent very lucky, because there was only a minor impact on operations, with a couple meetings with clients having to be canceled.
How Does Your Firm’s Performance Measure Up?
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ASA Resources Help You Boost Your Marketing Efforts
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What ASA Member Benefits Are You Missing Out On?
The benefits of ASA membership cover so many aspects of your business that the association has created the Membership Matters page to give you a quick and comprehensive look at all the resources that could be at your fingertips right now.
Among the top benefits of joining ASA today: free ASAPro webinars and more than 150 free courses for your entire staff. ASAPro webinars qualify for continuing education hours toward ASA certification renewal.
For additional information, contact ASA at 703-253-2020 or asa@americanstaffing.net.
Alleged Lie on ADEA Release Does Not Invalidate Its Terms
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Employer to Pay $42,500 for Requiring Sunday Work
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Executives Set for Bolder Dealmaking Future, but Action Will Take Time
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