The Tennessean (06/18/13)
Information technology services firm Zycron Inc. has bought Nashville, TN-based Computer Professionals Inc., an information technology staffing and recruiting firm.
The Tennessean (06/18/13)
Information technology services firm Zycron Inc. has bought Nashville, TN-based Computer Professionals Inc., an information technology staffing and recruiting 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.
Wall Street Journal (06/18/13) Lauren Weber
Jeffrey Joerres, chairman and chief executive of ManpowerGroup, says the tepid economy means companies that have turned to temporary workers are not yet converting them to permanent workers in large numbers. He says about 30% of temporary workers are receiving client job offers while on assignment, down from 60% to 70% in a healthier economy. Joerres believes the job market will begin to pick up steam once the impact of federal health care reform becomes clear and Europe’s financial situation improves, which likely will not happen for a couple of years.
He adds that staffing firms have adapted to changes in the workplace by offering recruitment, information technology contracting, outplacement, coaching, training, and talent management services. However, as companies increasingly rely on temporary workers, Joerres says workers must learn to adapt. He says those who keep their skills fresh fare well, but those who want to stay in the same job and not broaden their horizons are more likely to become part of the long-term unemployed.
Joerres says the Affordable Care Act is “incrementally positive for us. It’s not a game changer, because 100% of the cost is going to get passed through to clients. They’re not laying off permanent people and moving that work to us to avoid paying workers’ insurance. But I see this business coming to us when customers have their own internal temporary staff, seasonal workers, internship programs, and they don’t want to deal with the issues of who’s eligible, who’s not, and other liabilities.”
Bloomberg (06/18/13) Lorraine Woellert
The cost of living in the U.S. rose less than forecast in May, restrained by the first decline in food prices in nearly four years and signaling inflation remains under control. The consumer price index rose 0.1% after declining 0.4% in April, according to the U.S. Department of Labor. The median forecast of 82 economists polled by Bloomberg called for a rise of 0.2%. The core index, which excludes volatile food and fuel costs, rose 0.2% as forecasted.
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Don’t miss the free ASAPro webinar “Get the Most Out of Your Direct Placement Fees and Agreements.” It takes place tomorrow, June 20, 3–4 p.m. Eastern time. Attorney Mike Rode will show you how to create guaranteed and enforceable recruiting agreements with your clients in this webinar, which will expand on the key issues discussed in the 2013 Staffing Law Conference session “Direct Hire Contracts—Collecting the Fee” and the May 23 ASAPro webinar “Protecting and Collecting Your Direct Placement Fees.”
Is it time to renew your ASA credential? The deadline is July 1, 2013, for individuals who earned or renewed their Certified Staffing Professional® or Technical Services CertifiedSM credential between Jan. 1, 2010, and June 30, 2010. To be eligible to renew your CSP® or TSCSM credential, you must complete at least 30 hours of continuing education every three years. At least six of the 30 CE hours must pertain to employment law. Renew your credential online today to stay current and keep your competitive advantage.
ASAPro webinars are free for ASA members and qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Your industry peers are getting ready for Staffing World 2013, Oct. 8–10 in Orlando, FL—have you registered for the ASA annual convention and expo yet? It’s the place for world-class keynote speakers, top-level networking opportunities, the largest industry expo anywhere, and dozens of education sessions—including valuable information and updates about the Affordable Care Act.
The ACA-related content scheduled for Staffing World includes “Health Care Reform—The Time Is Now,” a panel discussion facilitated by ASA senior counsel Edward A. Lenz, Esq., and featuring Alden Bianchi, Esq., of Mintz, Levin, Cohn, Ferris, Glovsky & Popeo PC, and James A. Essey, CSP, of the TemPositions Group of Cos. (chairman of the ASA legal and legislative committee). There’s also “Affordable Care Act—Staffing Firm Compliance Plans,” a panel discussion facilitated by ASA board member Dan Campbell, CSP, of Hire Dynamics.
And that’s just a sample. Get the details and register at staffingworld.org. ASA members receive a discounted registration rate.
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