Business Wire (05/03/2013)
CTPartners Executive Search Inc. has announced that it has acquired Augmentum Consulting Ltd., an executive search firm based in London. Prior to this transaction, Augmentum had been operating as Amrop Augmentum.
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.
U.S. April ISM Nonmanufacturing Index Slows
Dow Jones Newswires (05/03/13) Kathleen Madigan
The Institute for Supply Management’s nonmanufacturing purchasing managers’ index fell from 54.4 in March to 53.1 in April. Readings above 50 indicate expansion. Like the PMI, the ISM subindexes mostly slowed but remained expansionary. The employment index declined from 53.3 to 52.0. The ISM nonmanufacturing data comes mainly from service-sector companies but also includes construction and public administration.
Stocks and Profits Are Up, But Wage Gains Weak
USA Today (05/06/13) Paul Davidson; John Waggoner
Although the U.S. economic outlook looks rosier than it has in a while, hourly wages remain virtually flat. The stagnant wages are translating to restrained consumer spending, and living standards aren’t rising. “Ultimately, for the economy to thrive we need everyone participating,” says Mark Zandi, chief economist of Moody’s Analytics.
“Don’t hold your breath,” for companies to boost wages, says John Lonski, chief economist for Moody’s Investors Service. Revenue growth has been meager, he says, up between 0.5% and 1% in the last year. Furthermore, because unemployment remains high, many companies don’t have the incentive to raise wages.
2013 ASA Staffing Law Conference Is Tomorrow—Order Recordings
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Coming in Just One Week! ASA Central—Connect. Engage. Collaborate.
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ASAPro Webinars in May—Online Branding, Direct-Hire Fees, and More
The next few weeks will be full of education opportunities from ASA. These upcoming ASAPro webinars can help you manage your online reputation, collect direct placement fees, and more.
Thursday, May 16—”Online Branding and Reputation Management—It’s More Important Than You Think“
Are you aware of what’s being said about your firm and its staff online? Are you using search engine optimization, social media, and email marketing to acquire more leads and recruit higher-caliber candidates? Find out how to take ownership of your online reputation and position your company in the best light.
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 CertifiedSM credentials—and get details about the new Certified Search ConsultantSM certification program.
ASAPro webinars are $295 for nonmembers, and most qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASAPro webinars for FREE.
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OK Adds New Voluntary Quit Requirements to Unemployment Insurance Law
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Replacement Nurses Reap $1.8M in California Wage Settlement
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Jury: Man Harbored Illegal Aliens
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OSHA Kicks Off Construction Fall Prevention Campaign
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Search and Placement Employment Edged Up in March
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Information Technology Employment Hits Another All-Time High in April
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Why Are Mobile Marketers Hard to Recruit?
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