The ASA Staffing Index for the week of May 11–17 was 97.03—the 19th consecutive record high week of the year. Temporary and contract staffing employment increased 0.32% from the prior week, and was 0.24% higher than the same week last year.
This week, containing the 12th, will be used in the May monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics June 5.
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.
PR Newswire (05/26/15)
Houston-based staffing firm Murray Resources has acquired the assets of Kingwood Personnel, a North Houston staffing firm specializing in administrative, accounting, and logistics staffing. Murray Resources will continue to operate the Kingwood office in the current location, under the Kingwood Personnel brand.
Federal Reserve Banks of Dallas and Richmond (05/26/2015)
Texas factory activity declined again in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index fell to -13.5, its lowest reading in six years. The new orders index held steady at -14.1, and the growth rate of orders index held steady at -15.2, marking the fifth and seventh negative reading in a row for these indexes.
Labor market indicators reflected employment declines and shorter workweeks. The May employment index declined 10 points to -8.2, after rebounding slightly above zero last month. Twelve percent of firms reported net hiring, compared with 21% reporting net layoffs. The hours worked index fell from -5 to -11.6.
Meanwhile, the Federal Reserve Bank of Richmond noted in its most recent survey that manufacturing activity flattened in May. The composite index for manufacturing moved to 1 following April’s reading of -3, while the shipments index leveled off to -1 from -6. In addition, the index for new orders gained eight points, reaching a nearly flat reading of 2. Manufacturing hiring continued to grow at a modest pace this month.
Business Wire (05/26/15)
Amazon is hiring more than 6,000 full-time employees to meet rising demand across its U.S. fulfillment network. The company is hiring in Baltimore; Breinigsville, PA; Carlisle, PA; Chattanooga, TN; Chester, VA; Haslet, TX; Hazleton, PA; Hebron, KY; Jeffersonville, IN; Kenosha, WI; Lexington, KY; Middletown, DE; Murfreesboro, TN; Petersburg, VA; Plainfield, IN; Robbinsville, NJ; West Columbia, SC; Whitestown, IN; and Windsor, CT.
Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 27–29 in Nashville, TN. You’ll save up to $300 per person when you register by June 12.
You’ll hear from keynote speaker Seth Mattison, founder and chief movement officer of FutureSight Labs. An expert on workforce trends and generational dynamics, Mattison will explore new models for developing talent and driving innovation and share strategies for fostering more meaningful connections with employees and clients in a predominantly digital age.
Get more information about Mattison and the other business leaders scheduled to be at the convention at staffingworld.net. ASA members get a discount, so join ASA and save even more.
The Work Opportunity Tax Credit is a federally funded program that provides tax credits to businesses that hire individuals from targeted groups of unemployed workers. Learn how to take advantage of this credit during the ASA webinar “Manage ACA Costs With Work Opportunity Tax Credits.” It takes place Tuesday, June 9, 3–4 p.m. Eastern time.
ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Home