PR Newswire (07/01/14)
National staffing firm Jackson Healthcare has announced the purchase of Michigan-based Sullivan Healthcare Consulting, a firm focused on improving the performance of hospitals’ perioperative suites.
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.
PrincetonOne Announces Merger With Retail Search Group
PRWeb (07/01/14)
Skillman, NJ-based PrincetonOne, a comprehensive recruitment services provider, has merged with Grass Valley, CA-based Retail Search Group. PrincetonOne plans to continue seeking additional company expansions and mergers.
CTPartners Executive Search Inc. Acquires Park Brown
Business Wire (07/01/14)
CTPartners Executive Search Inc. has acquired the Perth, Australia, office of Park Brown International, an executive search firm focusing on the energy, natural resources, and infrastructure sectors. Earlier this year, CTPartners acquired Johnson Executive Search, an independent executive search firm based in Sydney, Australia.
U.S. Factories Close Second Quarter on Solid Note
Wall Street Journal (07/01/14) Nick Timiraos; Kathleen Madigan
U.S. factories saw strong growth in the second quarter even though the pace of expansion eased slightly in June, according to the Institute for Supply Management. The institute’s Purchasing Managers Index fell to 55.3 in June from 55.4 in May. The index had accelerated in each of the previous four months.
Some 15 of 18 manufacturing industries grew in June. However, the growth hasn’t given a boost to hiring. The employment index was flat from May, pointing to only a tiny increase in June hiring, similar to the 10,000 jobs added in May.
U.S. Help Wanted Online Data Series
Conference Board News Release (07/02/14)
Online advertised vacancies rose 155,900 to 5.1 million in June, according to the Conference Board Help Wanted OnLine Data Series. The May supply and demand rate stands at two unemployed workers for each vacancy, with a total of 4.9 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 9.8 million in May.
“The June increase of 155,900 is positive news. However, the net effect is that labor demand was basically flat for the first six months of 2014,” says June Shelp, vice president at the Conference Board. “There is churn in the labor market as people change jobs. Most of the gains since last June were in the lower-paying service jobs, not the higher-paying professional jobs.” Since June 2013, advertised vacancies for professional jobs dropped by almost 80,000 while service and production jobs gained a total of 170,000 vacancies.
ADP: Private Sector Adds 281,000 Jobs in June
Reuters (07/02/14)
U.S. companies hired 281,000 employees last month, up from 179,000 in May, according to the ADP National Employment Report. This was the biggest monthly increase since November 2012. Economists surveyed by Reuters had forecast that 200,000 jobs would be added.
Small businesses added 117,000 jobs, and mid-sized businesses added 115,000 jobs. There were 230,000 new jobs created in the services sector and 51,000 in the goods-producing industries. Construction jobs rose by 36,000.
Free ASAPro Webinar Next Month—Handling Conflict With Clients
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Just a Few Weeks Left to Nominate the 2015 National Staffing Employee of the Year
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ASAPro Webinar Next Month—Handle Conflict With Clients
Regardless of how hard you strive to serve your clients, there’s bound to be conflict. Learn how to avoid the most common causes for conflict with clients, discover how to address conflicts that do arise, and find out how to strengthen your staffing provider–client relationship during the ASAPro webinar “How to Handle Conflict With Clients.” It takes place Thursday, Aug. 21, 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.
Staffing World® 2014 Is Coming—Register Today and Save
Staffing World 2014, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC—and you can save up to $150 per person when you register by Sept. 5.
Get more information and register online at staffingworld.net.
Sea Watch Agrees to OSHA Settlement
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The Top 10 Metros for Projected Temporary Job Growth
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U.S. Employee Confidence Level Reaches Seven-Year High
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June U.S. Permanent Hiring Strengthens, Recruiters Say
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Small-Business Employment Shows Fourth Consecutive Month of Job Growth
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