CTPartners News Release (05/08/14)
CTPartners Executive Search Inc. reported net revenue of $39.9 million for the first quarter of 2014, up 36.6% from $29.2 million in the first quarter of 2013. Net income totaled $1 million, compared with a net loss of $2 million in the year-ago quarter. North America revenue totaled $23.7 million in the first quarter of 2014, up 35.8% from $17.4 million in the first quarter of 2013.
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.
Business Wire (05/08/2014)
Companies in the 100,000 Jobs Mission hired a total of 140,832 U.S. military veterans through the first quarter of 2014, putting the coalition well on the way to beat its doubled goal of hiring 200,000 by 2020. A total of 143 additional companies have joined the initiative since its launch by 11 companies in 2011.
The 100,000 Jobs Mission has expanded its efforts to hire military spouses too, including launching the Military Spouse Talent Exchange, or MTX, as part of this week’s Military Spouse Appreciation Day. The MTX online portal gets the resumes and profile information of spouse job seekers in front of participating 100,000 Jobs Mission companies.
Share your firm’s data with ASA so you can get the staffing industry information you’re looking for. Participate in the association’s quarterly Staffing Employment and Sales Survey by next Friday, May 16. Staffing firms that complete the survey receive an exclusive report on the results, which includes temporary and contract staffing sales and gross margin data by sector.
The data collected by this survey, which is sponsored by ASA research partner CareerBuilder, are essential to the association’s legal and legislative advocacy efforts on behalf of the staffing industry. Register to take the survey, or view a PDF version of the questionnaire, at americanstaffing.net. There are no fees to participate.
The ASA board of directors and staff welcome the following new members, which joined during the week of April 28.
Boly:Welch
Portland, OR
Davis Staffing Inc.
Olympia Fields, IL
Dicker Staffing Services
Dallas, TX
Madison Approach Staffing Inc.
White Plains, NY
The Midtown Group
Washington, DC
Phenix Solutions LLC
Rolla, MO
The Personnel Store Inc.
Austin, TX
Unistaff
Northlake, IL
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