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ASA Publishes Client Payment Terms Issue Paper

Because staffing firm clients increasingly demand extended payment terms when satisfying staffing firm invoices, the American Staffing Association has published an issue paper setting forth the staffing industry’s perspective on clients’ payment practices in an effort to help them optimize financial results.

Designed to be shared with clients and drafted under the auspices of a working group of the ASA board of directors, the issue paper points out that employment law dictates when employees must be paid. Because there is a fixed and limited timeline within which wage payments must be made to employees, staffing firms are limited in their ability to offer clients alternate payment terms. Accordingly, the issue paper advises clients that extended payment terms can increase the cost to deliver staffing-related services, and staffing firms are able to offer the most competitive rates to clients that pay their invoices shortly after staffing employees are paid.

Access the client payment terms issue paper at americanstaffing.net.

ASA Staffing Index: Staffing in May Up 0.2% From a Year Ago

American Staffing Association (05/21/13)

Staffing employment in May is relatively flat (0.2%) compared with the same month last year, according to the ASA Staffing Index. The index value for the month of May is 93, indicating that staffing employment is up slightly from April (0.8% higher).

Fahrenheit IT Acquires Indecon Solutions

Business Wire (05/21/2013)

Fahrenheit IT Staffing & Consulting, a middle-market information technology staffing firm, has acquired Indecon Solutions. Both companies are privately held information technology staffing firms.

Survey Deadline Today—Benchmark Your Business

Participate in the ASA Sector Benchmarking Survey to benchmark your performance against similar staffing firms by participating in the ASA Sector Benchmarking Survey. The survey deadline is today, May 21.

The survey covers sales and operational metrics for the health care; industrial; office–administrative; professional; search and placement; and technical, IT, and scientific industry sectors. ASA member companies that complete the survey will receive a free full survey report that provides key metrics such as data on gross margins by sector, average employee placements by company size, and more.

Interested in participating? Contact ASA at sections@americanstaffing.net to receive a customized link. To learn more and view sample survey questions, go to americanstaffing.net.

Order Your ASA Certified Search ConsultantSM Package Now

The association’s new certification package, which has been specifically designed for search and placement professionals, is now available. The ASA Certified Search Consultant program focuses on federal employment laws specific to recruiters and on state licensing and registration laws applicable to direct hire firms.

Study tools, a practice exam, and the online exam for the CSCSM credential were released at the 2013 ASA Staffing Law Conference in Washington, DC. To order your certification package, go to americanstaffing.net. For more information, contact ASA at asacertification@americanstaffing.net or 703-253-2020.