Nashville Post (10/24/14)
Health care executive recruiting company Franklin-Belle of Nashville, TN, has merged with the multi-industry executive search firm the Woodmansee Group of Columbus, OH. The firms will operate as separate units under a combined organization.
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.
Wall Street Journal (10/26/14) Eric Morath
With traditional hiring methods failing to generate enough job candidates, retailers essentially are competing with staffing firms by sending customers holiday help-wanted ads through emails, tweets, and other social media posts, alongside gift ideas and free-shipping offers. Such social-media pushes broaden the candidate pool by attracting employees who aren’t actively looking for jobs. However, while the demand for retail workers is exceeding prerecession levels, the need for seasonal hires hasn’t led to increased pay. In September, nonsupervisor retail wages increased 2.1% from a year earlier, similar to the inflation rate.
The National Retail Federation anticipates that companies will match or exceed last year’s level of holiday hires, which would surpass a prerecession peak.
Don’t miss tomorrow’s ASA webinar “Bridging the Skills Gap Together: Partnering With Jobs for America’s Graduates,” 3–4 p.m. Eastern time. Learn about the association’s partnership with Jobs for America’s Graduates, a nonprofit organization that works with employers to help them find qualified entry-level candidates and works with disadvantaged young people to help them learn career skills.
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.
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