Staffing employment for the week of July 7–13 rose to 97.25, according to the ASA Staffing Index. Temporary and contract staffing employment increased 3.73% from the prior week—a leveling after the Independence Day holiday. This is a 3.88% increase compared with the same week last year. That same week also will be used in the employment situation report for July that will be issued by the U.S. Bureau of Labor Statistics on Aug. 1.
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.
CTG Reports 2014 Second-Quarter Results
CTG News Release (07/22/14)
CTG reported revenue of $100.3 million for the second quarter of 2014, down 6.0% from $107.1 million in the second quarter of 2013. Net income totaled $3.2 million, down 20.0% from net income of $4.1 million in the year-ago period. Staffing revenue was $60.0 million, down 7.0% from $64.8 million in the 2013 second quarter.
Federal Appeals Court Panel Deals Major Blow to Health Law
Washington Post (07/22/14) Sandhya Somashekhar
Tax subsidies that are a central component of the Affordable Care Act may not be offered in at least 50% of the states, a DC Circuit Court of Appeals panel has ruled. The panel concurred with plaintiffs who argued that the language of the law prevents the government from granting subsidies to people in states that have not established their own insurance exchanges. If the ruling is upheld it likely would undermine the law. Without the subsidies many people would have to pay substantially more out-of-pocket for health coverage.
Consumer Prices Rose 0.3% in June
Wall Street Journal (07/22/14) Ben Leubsdorf; Sarah Portlock
Consumer prices rose again in June, but the pace slowed and prices were driven largely by increasing fuel costs, the latest proof of firming inflationary pressures. The consumer price index increased a seasonally adjusted 0.3% in June from May, according to the U.S. Department of Labor. Excluding the volatile food and energy categories, the index increased 0.1%. Economists polled by the Wall Street Journal had forecast a 0.3% gain for the index and a 0.2% rise excluding food and energy.
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Three Exciting Keynote Presentations at Staffing World® 2014
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.
Headlining the convention are three world-class keynote speakers:
- Bill Strickland, president and chief executive officer of Manchester Bidwell Corp.; presenting “Make the Impossible Possible—The Art of Leadership and the Business of Social Change”
- Geoff Smart, founder and chairman of ghSMART; presenting “Running at Full Power—Maximize Your Company’s Success”
- Robert B. Tucker, founder and president of the Innovation Resource; presenting “Thinking Ahead of the Curve”
And there’s more in store at Staffing World—check out staffingworld.net for education session descriptions, networking opportunities, exhibitor information, and more. Register for Staffing World today to see these and other great speakers. Save up to $150 per person when you register by Sept. 5, or save 10% when you bring your team.
Obama Bars Federal Contractors From LGBT Discrimination
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Illinois Governor Signs ‘Ban the Box’ Hiring Legislation
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New York State Court Reiterates That Commissions Are Not Wages Until Earned
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Businesses Nationwide Hit by Wave of Lawsuits Alleging Inaccessible Websites
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Federal and California Immigration Laws Do Not Entirely Conflict on Employment and Civil Rights Protection
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Corporation Did Not Violate ADA by Terminating Employment of Commercial Truck Driver for Alcoholism
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The Four Metrics Every Staffing Firm Should Track
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Q2: Record-High Confidence for Manufacturing Workers
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Fed Researchers Optimistic on Long-Term Unemployment Drop
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