May 29, 2013

More U.S. Small Businesses Letting Workers Go Than Hiring

Published May 29, 2013 ■ Headline News

Gallup Economy (05/28/13) Dennis Jacobe

The Wells Fargo/Gallup Small Business Index survey of 603 small-business owners reveals a net hiring index of -12 in April, meaning that more small-business owners are letting workers go than hiring them. The index has basically held steady since January 2010, but it marks an improvement from -27 in January 2010. Net hiring intentions were +6 last month, meaning that the percentage of owners planning to add net new jobs exceeds the percentage of those who expect to eliminate jobs over the next 12 months by a slim margin. Rising health care costs associated with the Affordable Care Act have prompted 20% of small-business owners to eliminate workers and 40% to delay hiring.

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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.

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Freelancers Get Jobs Via Web Services

Published May 29, 2013 ■ Headline News

Wall Street Journal (05/28/13) Geoffrey A. Fowler; Brenda Cronin

Websites that connect workers with employers and customers, such as TaskRabbit, the digital-work marketplace Elance, ride-on-demand service Lyft, and craft marketplace Etsy are growing. Elance allows freelancers to bid for jobs they can complete over the Internet, and involves more than 500,000 businesses and two million freelancers.

These emerging platforms are encouraging a shift toward freelance work, and staffing firms are working to adapt. For example, ManpowerGroup is now working with OnForce Inc., a site that matches independent contractors with technology tasks.

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Household Wealth Seen Rising at Least $1.8 Trillion as House Prices Climb

Published May 29, 2013 ■ Headline News

MarketWatch (05/28/13) Ruth Mantell

If home prices continue to increase, American households will see their net wealth rise by at least $1.8 trillion this year. The U.S. Federal Reserve reports that household real estate assets jumped more than $1 trillion from the end of 2011 to nearly $18 trillion at the end of last year. According to Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities, “Rising home prices will encourage more construction, as builders and buyers become more confident that the assets will increase in value. Higher home prices also lift household net wealth, a very important indirect positive economic factor.” He believes consumer spending could surge by $180 billion.

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Register Today: ASAPro Webinar on Health Care Staffing TrendsM

Published May 29, 2013 ■ ASA for You

This content is for ASA members only.

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Don’t Miss Tomorrow’s ASAPro Webinar on ASA Certification Programs

Published May 29, 2013 ■ ASA for You

More than 6,000 individuals have earned credentials from the American Staffing Association to expand their professional expertise and improve their companies’ performance. Discover the benefits of joining them during the ASAPro webinar “Gain a Competitive Advantage With ASA Certification,” Thursday, May 30, 3–4 p.m. Eastern time. Learn about the Certified Staffing Professional^® and Technical Services Certified^SM credentials—and get the details about the new Certified Search Consultant 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.

This Just In: More ACA Content Added to Staffing World 2013

Published May 29, 2013 ■ ASA for You

ASA knows the Affordable Care Act and strategic next steps for staffing companies are a top priority for the industry—so it continues to hone the ACA-related content that will be delivered at Staffing World 2013, Oct. 8-10 in Orlando.

Just added to the most impressive executive education lineup at any event in the staffing industry:

Thursday, Oct. 10, 9–10:45 a.m.

Health Care Reform—The Time Is Now

Panel facilitated by Edward A. Lenz, Esq., senior counsel, ASA

Alden J. Bianchi, Esq., member, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo PC

James A. Essey, CSP, president and chief executive officer, the TemPositions Group of Cos.

The employer “play or pay” provisions of the Affordable Care Act go into effect Jan. 1, 2014, and have major implications for staffing firms. Are you ready? In this workshop, industry experts will discuss the latest regulations and government guidance affecting employers, including recent developments on the “look-back” rule for determining your employees’ full-time status, and the insurance options you will have that will allow you to comply with the “play” provisions.

Thursday, Oct. 10, 11 a.m.–12:15 p.m.

Affordable Care Act—Staffing Firm Compliance Plans

Panel facilitated by Dan Campbell, CSP, chief executive officer, Hire Dynamics

In this interactive workshop, leading staffing firms of various sizes and representing different sectors will share their plans and strategies for compliance with the “play or pay” provisions of the ACA. They will discuss their conversations with clients and assigned employees, and the specific steps they are taking regarding the challenges and opportunities presented by the ACA.

Plus, Staffing World delivers world-class keynote speakers, dozens of education sessions, top-level networking opportunities, and the largest industry expo anywhere. Visit staffingworld.org to register today!