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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.
Growing Use of Temporary Employees Solves Some Challenges, Creates Others
Society for Human Resource Management (10/02/14) Steve Bates
The growing use of temporary workers is changing the U.S. workforce and the ways in which talent is acquired and managed. Temporary employees, freelancers, contractors, and consultants are becoming more common, and human resource departments are finding new and unique ways to get work done. This has shifted some recruiting and hiring tasks to procurement professionals. Driving this trend is the fact that organizations are learning to manage temporary workforces, employers are looking for ways to cut costs, and employers are having trouble finding the candidates they want for permanent jobs. Leaders in the staffing industry are able to help human resource professionals plan for a future with temporary workers in a consultative way, something that has changed in the last six or seven years.
“There’s much more of a focus on price,” says American Staffing Association president and chief executive officer Richard Wahlquist. But while “that works when purchasing office supplies,” it is not always the best approach to building a competitive workforce, he says.
ASA Quarterly Staffing Employment and Sales Survey Now Open
The association’s quarterly Staffing Employment and Sales Survey for the third quarter of 2014 is now open. Staffing firms that complete the brief survey will receive an exclusive report on the results—now enhanced with new graphs, including representations of sector-level data.
The data collected by this survey enable ASA to track staffing sales and gross margin trends. Participate in the Staffing Employment and Sales Survey by Nov. 19 to get the staffing industry information you’re looking for.
Register to take the survey, or view the questionnaire, at americanstaffing.net. The survey is sponsored by ASA research partner CareerBuilder, and there are no fees to participate.
Plan Your Trip to Staffing World® 2014 Next Week
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. Register now to be sure you can enjoy all the high-caliber content, high-quality networking opportunities, and the largest industry expo anywhere. Plus, get the latest information available about the Affordable Care Act and what your firm should be doing right now to be ready to comply with the law in January.
Get more information and register online at staffingworld.net.
Free ASA Webinar This Month—Bridging the Skills Gap
To help members concerned about the skills gap and their difficulty finding qualified entry-level candidates, ASA has formed a partnership with Jobs for America’s Graduates, a nonprofit organization that works with employers to bridge the skills gap. Learn about staffing firms’ experiences working with JAG during the ASA webinar “Bridging the Skills Gap Together: Partnering With Jobs for America’s Graduates.” It takes place Tuesday, Oct. 28, 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.
NCCI Proposes Workers’ Compensation Loss Cost Decrease in Connecticut
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Q&A: Employment and Labor Law in Georgia
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Louisiana Legislative Update Addresses Employment Practices, Online Privacy
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Ohio Court Rejects Exclusions to Minimum Wage Definition of ‘Employee’
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Nine in 10 Candidates Are Still Looking for Personal Approach in the Recruiting Process
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Trucking’s Hiring Efforts Make Headway as U.S. Payroll Numbers Rise
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