July 24, 2013

Flash Sale Today! Save up to $150 on Staffing World^® 2013 Registration

Published July 24, 2013 ■ Announcement

Today only, save up to $150 when you register for Staffing World, the ASA annual convention and expo. There’s no code needed—the lowest price will be reflected on the registration form.

Think that the Affordable Care Act employer mandate delay means you have time to burn? Not so, say the experts. Make sure you get the most critical information about what your firm should be doing right now to stay ahead of compliance issues.

Staffing World, Oct. 8-10 in Orlando, will deliver timely information, networking opportunities, and the industry’s largest expo. Learn more, and then register at today’s special flash sale rate!

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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Robert Half International Reports Second Quarter Results

Published July 24, 2013 ■ Headline News

PR Newswire (07/23/13)

Robert Half International Inc. has reported net earnings of $63.1 million for the second quarter of 2013, compared with $45.3 million for the second quarter of 2012 (up 39%). Net earnings for the first half of 2013 totaled $119.0 million, compared with net earnings of $93.7 million for the first half of 2013 (up 27%).

U.S. staffing and placement revenues were $703 million, up 3.5% from $677 million in 2012. Temporary and contract staffing revenues in the U.S. increased 4%, while permanent placement revenues were up 10% over the prior year. Max Messmer, chairman and chief executive officer, said, “Businesses are using more temporary employees as part of their human resources mix. We believe this trend can lead to further increases in the number of temporary employees as a percentage of the total work force.”

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Mastech Holdings Inc. Reports Second Quarter Results

Published July 24, 2013 ■ Headline News

Mastech Holdings News Release (07/24/13)

Mastech Holdings today reported revenues of $28.9 million for the second quarter of 2013, a 14% increase over the same quarter in 2012, when revenues reached $25.3 million. Net earnings totaled $789,000 for the second quarter, compared with $458,000 for the same period last year. Earnings from operations totaled $1.26 million for the second quarter, compared with $771,000 for the same period last year.

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BBSI Reports Second Quarter Results

Published July 24, 2013 ■ Headline News

BBSI News Release (07/23/2013)

Barrett Business Services Inc., a human resource outsourcing and consulting firm, yesterday reported net earnings of $5.9 million for the second quarter of 2013, up 57% from $3.7 million in the same period in 2012. Net earnings for the first half of 2013 totaled $3.3 million, up 120% from $1.5 million from the first half of 2012.

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Free ASAPro Webinar Tomorrow—Maximize Your Firm’s Value

Published July 24, 2013 ■ ASA for You

Do you know what drives value for your staffing firm—and how you can affect it? Learn strategies to increase your firm’s effectiveness in each of seven key areas during the ASAPro webinar “Maximize the Short- and Long-Term Value of Your Firm,” tomorrow, July 25, 3–4 p.m. Eastern time. Operational improvement experts will explain what needs to be done, and how and when to do it, to increase the value of your firm.

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.