The ASA Staffing Index for the week of April 6–12 was 96.46—a record high for the 15th week of the year. Temporary and contract staffing employment increased 0.02% from the prior week, with survey respondents reporting lingering spring break impact. Staffing employment was 0.96% higher than the same week last year. The week containing the 12th also will be used in the April monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics on May 8.
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.
ManpowerGroup Reports First-Quarter 2015 Results
ManpowerGroup News Release (04/21/15)
ManpowerGroup reported revenues of $4.5 billion in the first quarter of 2015, down 7.4% (up 6.6% in constant currency) from $4.9 billion in the first quarter of 2014. Net earnings totaled $65.7 million, down 6.3% (up 12.8% in constant currency) from $70.1 million in the year-ago quarter. The company’s U.S. revenues totaled $725.1 million, up 0.6% (0.6% in constant currency) from $720.5 million on a year-to-year basis.
Nautic Partners Acquires Source4Teachers
Business Wire (04/20/15)
Nautic Partners LLC, a middle-market private equity firm, has partnered with management to acquire Source4Teachers. S4T, through its Source4Teachers and MissionOne divisions, is a provider of outsourced substitute teacher and paraprofessional managed services to elementary, junior high, and high schools in the eastern U.S.
A New Look for ASA Central
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Boost Your Marketing Efforts With the New ‘Why Staffing?’ Brochure From ASA
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Georgia Governor Signs Medical Marijuana Bill
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‘Half-time’ Overtime: The Fair Labor Standards Act’s Fluctuating Workweek Method
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Montana and Wyoming Data Breach Laws
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Illinois Federal Judge: Employer Free to Modify Terms of Vacation Policy
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In Tighter Labor Market, Firms Weigh Cost of Wage Increases
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