American Staffing Association (09/23/14) Cynthia Poole
Staffing employment for the week of Sept. 8–14 increased to 102.84, according to the latest ASA Staffing Index results—the highest index value this year. Temporary and contract staffing employment increased 1.68% from the prior week, and 3.25% compared with the same week last year. That same week also will be used in the September monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics Oct. 3.
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.
New York Times (09/23/14) Binyamin Appelbaum
Charles Plosser, president of the Federal Reserve Bank of Philadelphia since 2006, announced that he would retire in March. Richard Fisher, president of the Federal Reserve Bank of Dallas since 2005, is required to step down by the end of April.
Both men dissented at the U.S. Federal Reserve policy-making committee’s most recent meeting, arguing that the central bank is not retreating fast enough from its support program as the economy gains strength. The departures are unlikely to have a large influence on policy.
The ASA Staffing Industry Compensation Survey provides the only comprehensive review of salaries and compensation in the staffing industry.
Subscribe and participate in the survey for online access to exclusive custom reports that will help you determine whether your payroll is in line with industry norms. Get data based on peer input to support fiscally sound decisions for 29 positions specific to the staffing industry.
Custom online reports will be available to subscribers beginning Sept. 29, and a summary of 2013 survey results will be provided to all 2014 participants. For more information and to subscribe, visit americanstaffing.net.
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