PRWeb (08/15/13)
New Jersey-based staffing firm ApTask has acquired the London-based staffing firm Rochester Global Ltd., which will serve as the headquarters for ApTask’s European and African operations. The acquisition also will give Rochester’s clients access to ApTask’s comprehensive work force solutions, including managed staffing programs, vendor management systems, and complete recruitment process outsourcing alternatives.
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 (08/20/13) Anna Wilde Mathews
Premiums for employer health coverage increased fairly slowly this year, according to a survey by the Kaiser Family Foundation. The increase—from an annual rate of $15,745 in 2012 to $16,351—represented the same rate of growth as a year ago. This likely reflects employees’ continued tendency to limit their use of medical care, says Gary Claxton, vice president of the foundation.
Insurance Journal (08/20/13)
The latest National Academy of Social Insurance report reveals that employer costs related to workers’ compensation claims rose 7.1% in 2011 to $77.1 billion, while injured workers received $60.2 billion in benefits that year, reflecting a 3.5% increase in benefits. The benefits include a 4.5% increase in medical spending and a 2.6% increase in wage replacement benefits.
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Should your firm develop employee handbooks and written policies for your corporate employees as well as for your temporary and contract employees? Find out during tomorrow’s ASAPro webinar “The Employee Handbook—Do I Really Need One for Corporate Staff and Contract Workers?” It takes place Aug. 22 from 3 to 4 p.m. Eastern time. Attorney Keith Chrestionson will explore the pros and cons and explain the fundamentals of drafting a comprehensive employee handbook.
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.
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