October 8, 2013

Staffing World Starts Today in Orlando

Published October 08, 2013 ■ Announcement

Staffing World 2013, the ASA annual convention and expo, began this morning and continues through Thursday at the Marriott World Center Resort and Convention Center in Orlando. It’s sure to be the most successful, content-rich, industry event ever.

Today, don’t miss the general session featuring keynote speaker Erik Wahl at 3 p.m. and the expo grand opening at 5 p.m.

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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Business Beat: Three New Mexico Temporary Staffing Firms Merge

Published October 08, 2013 ■ Headline News

Santa Fe New Mexican (10/07/13) Bruce Krasnow

Santa Fe Staffing, Marcia Owen Associates, and Group Powell One—three Santa Fe, NM-based staffing firms—will merge into a single company called the Hire Firm. Temporary work is expected to grow in Santa Fe, due to retirees seeking flexibility and small businesses using on-demand workers.

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Debt Ceiling Taking Center Stage as Government Shutdown Continues

Published October 08, 2013 ■ Headline News

CBS News (10/08/13) Lindsey Boerma

The federal government shutdown and looming deadline to raise the debt ceiling have merged into one major problem on Capitol Hill, though neither issue is likely to be resolved in the near term as the government shutdown continues its second week. Republicans and Democrats seem to have dug further into their respective positions, with Republicans calling on Democrats to negotiate a short-term spending bill and a debt-ceiling increase. The White House reiterated that it is ready to negotiate over any topic—once the GOP passes legislation to re-open the government and raise the U.S. borrowing limit without any conditions.

Senate Democrats have begun work on a bill that would raise just the debt ceiling and not change any other policy, but it is unclear how many Republicans would vote for such a bill, and bipartisan support is needed. The votes might not begin until the latter part of this week because of procedural rules that govern the Senate.

Meanwhile, the U.S. is set to run out of its ability to borrow money on Oct. 17, with the current debt limit set at $16.7 trillion. If the limit is not raised, the federal government will have to withhold payments like Social Security, and the worldwide flow of credit would be jeopardized.

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‘Navigating the 1% Economy’ in Staffing Success Magazine

Published October 08, 2013 ■ ASA for You

The ASA 2013 Economic Analysis has been released to staffing professionals and media outlets nationwide. The comprehensive analysis, written by ASA chief operating officer Steven P. Berchem, CSP, is distributed each year as the special issue of the ASA magazine Staffing Success.

The analysis, “American Staffing 2013: Navigating the 1% Economy,” takes an in-depth look at what staffing employment says about the current economic environment and the future of overall employment; how the U.S. gross domestic product affects the staffing industry; and prospects for economic, employment, and industry growth.

Highlights from the analysis:

Staffing employment growth was more robust in the first three years of recovery from the great recession than from the previous two recessions.
Changing labor force demographics and slower population growth are substantially reducing the rate of job creation required to maintain full employment—from more than 200,000 per month in the mid-1990s to 35,000 per month in the late 2010s.
Just over 6.7 million jobs have been created since nonfarm employment began growing again in March 2010. At the rate of job creation in the first half of 2013 (192,000 per month), it would take almost another year for nonfarm employment to reach its prerecession level.

This issue also includes “Staffing and Obamacare: Whither the Windfall?” This article takes a closer look at how the Affordable Care Act might change the operational landscape for the staffing industry.

The print magazine has been mailed to members, and the special issue is available now as a digital edition. Access this and back issues of Staffing Success, and other ASA publications, on the ASA Digital platform.

ASAPro Webinar This Month—Communicate With Confidence

Published October 08, 2013 ■ ASA for You

Communicating effectively conveys authority, influence, and success. Learn how to organize ideas and communicate effectively during the ASAPro webinar “Clear, Concise, and Confident Communication.” It takes place Tuesday, Oct. 29, 3–4 p.m. Eastern time.

ASAPro webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASAPro webinars for FREE.