Employee Solutions News Release (11/18/14)
Plano, TX-based Employee Solutions has acquired Broken Arrow, OK-based Bridge Employment Services. Both companies focus on the industrial staffing market.
Employee Solutions News Release (11/18/14)
Plano, TX-based Employee Solutions has acquired Broken Arrow, OK-based Bridge Employment Services. Both companies focus on the industrial staffing market.
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.
Bloomberg (11/19/14) Richard Clough; Victoria Stilwell; Jennifer Kaplan
Various economic signals are indicating that wages are beginning to rise after years of stagnation. Wages and salaries increased during the last quarter by the largest margin since 2008, due to rising profits and sales. Certain industries and regions such as Texas and North Dakota are seeing booms thanks to the energy sector and home building, and these promising signs are expected to spread to other areas.
“Wage growth is beginning to bubble up,” says Mark Zandi, chief economist at Moody’s Capital Markets Group in New York. “It’s still nascent, early stages, but the labor market is now tightening to the point where we are beginning to see some stronger wage gains. This is the beginning of more definitive acceleration.”
Don’t miss the ASA webinar “Ebola-Related Liability Challenges for Staffing and Recruiting Firms.” It takes place today from 3 to 4 p.m. Eastern time. Get help determining how your firm can lawfully address concerns about Ebola virus disease.
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.
The association’s quarterly Staffing Employment and Sales Survey for the third quarter of 2014 closes tomorrow, and the deadline will not be extended. 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.
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