PRWeb (02/05/15)
The Denver-based Bross Group, an information technology and staffing firm, has entered into an agreement with FusionHiTek to acquire the New York-based firm’s clients, projects, and employees. FusionHiTek is the technology division of Fusion Productions.
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 (02/05/15) Nina Glinski
The number of people applying for unemployment benefits in the week ended Jan. 31 increased by 11,000 to 278,000, according to the U.S. Department of Labor. The 50 economists surveyed by Bloomberg had forecast claims of 290,000. The four-week moving average of new claims dropped by 6,500 to 292,750.
Society for Human Resource Management (02/05/15)
In January, recruiting difficulty for key positions reached a four-year high for both the manufacturing and service sectors, according to the Society for Human Resource Management’s Leading Indicators of National Employment Report. January was the ninth consecutive month recruiting difficulty reached four-year highs. Survey results from this month show that a net of 24.8% of manufacturing and 14.4% of service-sector respondents had difficulty recruiting for key positions, which notably represents a 17.2-point increase in manufacturing and an 8.4-point increase in the service sector when compared with January 2014.
More employers also reported raising pay for new hires in January—15.8% in manufacturing and 16.7% in the service sector, which equates to 13.5-point and 7.4-point increases, respectively, when compared with a year ago.
While steady hiring will continue in both sectors for February, layoffs also are expected to increase in both sectors when compared with the previous year—6.7% of manufacturers will cut jobs, as will 13.9% of service-sector companies. Yet, a net of more than one-half of manufacturers (50.5%) and more than one-third of service-sector companies (36.7%) will add jobs in the coming month.
Wall Street Journal (02/04/15) Kathleen Madigan
Nonmanufacturing activity held steady in January, but employment slowed, according to the Institute for Supply Management. The ISM’s nonmanufacturing purchasing managers index hit 56.7 in January, up slightly from 56.5 the month before. Experts surveyed by the Wall Street Journal had forecast a reading of 56.1. Readings above 50 signal expansion. The employment index fell to 51.6 in January from 55.7 in December.
Meanwhile, Markit’s purchasing manager’s index increased to 54.2 in January from 53.3 in December, and its new work index slowed to the weakest pace since the survey began in October 2009.
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ASA provides you with easy access to cutting-edge professional development topics and advice from experts in the staffing, recruiting, and workforce solutions industry. Whether you are new to the industry or a seasoned veteran, keeping up with developments in employment law, techniques for recruiting and retention, and strategies for successful sales is necessary to your success.
Become certified through the ASA credential programs—Certified Staffing Professional®, Technical Services CertifiedSM, and Certified Search Consultant®. ASA also offers bulk order rates to help you meet your 2015 training budget.
The ASA credential programs include in-depth, self-study courses and online exams on labor and employment law principles and ethical practices that apply to the staffing, recruiting, and workforce solutions industry. Designed for busy staffing and recruiting professionals, the self-study ASA certification programs will help you better serve your employees and clients while protecting your firm from costly legal errors. For more information, contact ASA.
The easiest time to deal with a conflict or challenge is when the issue first shows itself. Learn methods for productively holding critical conversations and addressing conflict in your team during the ASA webinar “How to Hold Critical Conversations Productively.” It takes place Tuesday, Feb. 24, 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.
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