October 6, 2014

Staffing World^® Starts in One Week

Published October 06, 2014 ■ Announcement

In just seven days, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry begins—and you should be there.

Attend Staffing World, Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC.

Before, during, and after the convention, you can stay connected and share comments and photos via social media. Follow ASA on Twitter @StaffingTweets, and tag your tweets with the #StaffingWorld hashtag. You also can “like” ASA on Facebook, and join the ASA group on LinkedIn.

Get more information and register online at staffingworld.net.

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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The Conference Board Employment Trends Index Increased in September

Published October 06, 2014 ■ Headline News

Conference Board News Release (10/06/14)

The Conference Board Employment Trends Index increased in September. The index now stands at 121.68, up from an upwardly revised 121.32 in August. This represents a 6.1% gain in the ETI compared with a year ago.

“The [ETI] increased for the ninth consecutive month, signaling solid job growth through year end,” says Gad Levanon, director of macroeconomic research at the Conference Board. “A combination of positive and negative forces has been driving the rapid decline in the unemployment rate in recent years. Hiring is strong, but productivity growth is weak, and the participation rate continues to decline. None show signs of reversing.”

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U.S. September ISM Nonmanufacturing Index Slips

Published October 06, 2014 ■ Headline News

Dow Jones Business News (10/03/14) Cynthia Lin

The Institute for Supply Management’s nonmanufacturing purchasing managers index dropped to 58.6 in September from 59.6 the previous month, which was the highest reading since the revised survey was launched in January 2008. Economists surveyed by the Wall Street Journal had forecast a reading of 58.5. The business activity and production index fell to 62.9 from 65.0 in August, and the employment subindex increased to 58.5 from 57.1.

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Making 2015 Compensation Plans? Get the Latest Industry Data

Published October 06, 2014 ■ ASA for You

The ASA Staffing Industry Compensation Survey provides the only comprehensive review of salaries and compensation in the staffing industry. This survey collects information on salaries, variable pay, and benefits for 29 positions specific to the staffing industry.

Survey participants have access to custom online reports now and for the next six months. If you still want to participate to get this year’s salary and benefits data, contact Cynthia Poole, ASA research director, at 703-253-2048 or cpoole@americanstaffing.net. For more information, visit americanstaffing.net.

Free ASA Webinar Next Month—Be a Master Recruiter

Published October 06, 2014 ■ ASA for You

What separates a typical recruiter from a top producer? Find out what distinguishes a great recruiter during the two-part ASA webinar “From Average to Great—The Four Key Steps to Becoming a Master Recruiter.” The first session takes place Tuesday, Nov. 4, 3–4 p.m. Eastern time. (The second session will take place Tuesday, Nov. 11, 3–4 p.m. Eastern time.)

All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.