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Get Exclusive ACA Survey Findings—Last Day to Participate

The “play or pay” rules under the Affordable Care Act have been in effect for less than four months, but many staffing firms already have a preliminary sense of the law’s effect on their business. Last week, ASA launched a survey to collect data on staffing firms’ experiences with the ACA.

Survey results will be presented at the 2015 ASA Staffing Law Conference session “The ACA Four Months In—What Staffing Firms Need to Know Now.” ASA senior counsel Ed Lenz will share data on the types of health insurance plans staffing firms are offering, employee participation in those plans, the number of employees receiving subsidized coverage in state health exchanges, and how clients have reacted to the new law.

All U.S. staffing firms are invited to participate in the ACA Compliance Survey, which closes today. Responses will be kept confidential and reported in aggregate form.

TSR Inc. Reports Financial Results for the Third Quarter Ended Feb. 28, 2015

TSR Inc. News Release (04/09/15)

TSR Inc. reported revenues of $14.2 million in the fiscal third quarter of 2015, up 17.2% from $12.2 million in the fiscal third quarter of 2014. The company reported a net loss of $85,000, compared with a net loss of $91,000 in the year-ago quarter.

U.S. Growth Seen Slower Amid Dollar Headwinds

Wall Street Journal (04/09/15) Kathleen Madigan

Sixty-two economists surveyed by the Wall Street Journal have forecast that the economy grew by 1.4% in the first quarter, down from the 3.0% pace forecast for the first quarter in January. They altered their forecast based on factors such as a strong dollar, the West Coast ports slowdown, and a rough winter in parts of the U.S. The economists anticipate gross domestic product will grow at an inflation-adjusted rate of 2.7% for all of 2015, a pace below the 3.0% pace projected at the start of 2015, but the downgrade reflects the lower estimates of first-quarter activity.

Factories Be Warned: U.S. Wholesalers Face an Inventory Glut

Bloomberg (04/09/15) Carlos Torres; Vince Golle

Sales of durable goods at U.S. wholesalers in January and February saw the biggest two-month decline since early 2009, according to the U.S. Department of Commerce. Demand has fallen, and stockpiles have accumulated. The inventory-to-sales ratio is near a six-year high. As a result, the nation’s manufacturers may see a downturn in production. The Institute for Supply Management’s factory index has declined for five consecutive months, falling to an almost two-year low in March.

Plan for These Upcoming ASA Webinars

The next few weeks will be full of educational opportunities from ASA. These upcoming ASA webinars can help you with branding, marketing, organizational culture, and more.

April 16—”Best Practices for Recruiting in Today’s Job Market
Find out how knowing your candidate base can help you improve your recruiting effectiveness and achieve a greater placement percentage.

May 12—”Five Key Steps to Building an Effective Workplace Culture
Learn how having a dynamic, positive culture can help your firm keep its best employees.

May 19—”Attract Candidates With a First-Rate Employer Brand
Discover methods for differentiating your company through employer branding and developing its reputation as a great place to work.

May 21—”Power Marketing for Staffing Firms
Understand how developing a marketing plan, and integrating it with your company’s sales and recruiting efforts, can give your staffing firm a competitive edge.

ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.

Welcome New ASA Members

The ASA board of directors and staff welcome the following new members, which joined during the week ending April 5.

Absolute Consulting Inc.
Navarre, FL

ACS Professional Staffing
Vancouver, WA

Eagle Valley Temps
Avon, CO

Ironside Human Resources
Dallas, TX

JobPro Staffing Services
East Hartford, CT

Kennison & Associates
Boston, MA

Next IT Staffing LLC
Chagrin Falls, OH

OnCall Staffing
Phoenix, AZ

PC Staffing
Louisville, KY

Sterling Legal Search Inc.
Atlanta GA

Trace Staffing
Savannah, GA