Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, will take place Oct. 27–29 in Nashville, TN. Registration is open—and you can save up to $300 per person when you register by tomorrow, June 12.
Watch this two-minute video and register online at staffingworld.net.
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 (06/11/15)
The number of people applying for unemployment benefits in the week ended June 6 rose by 2,000 to 279,000, according to the U.S. Department of Labor. Applications for benefits remained under 300,000 for a 14th consecutive week, a sign of labor market strength that will help fuel U.S. growth. Economists surveyed by Bloomberg had forecast claims of 275,000. The four-week average of new claims rose by 3,750 to 278,750.
Wall Street Journal (06/10/15) Jeffrey Sparshott
Wages and benefits may be increasing more quickly than previously thought. Employer costs for employee compensation in March rose 4.9% from a year ago, according to the U.S. Department of Labor. The average cost per hour worked increased to $33.49, up from $31.93 a year ago. Wages and salaries rose 4.2% to $22.88, and benefits climbed 6.4% to $10.61. One benefit component, health insurance, rose 2.5%.
The 4.9% increase in employer costs for employee compensation is much higher than the 1.2% increase seen in the third quarter of 2013 and may be an indication that the labor market is getting tighter.
Reuters (06/10/15)
The economy likely was not as weak as reported in the first quarter, with data released yesterday showing slightly stronger consumer spending than previously estimated. The U.S. Department of Commerce’s quarterly services survey showed consumption, including health care spending, rose at a quicker pace than the government had assumed in its second estimate of gross domestic product published in May. First-quarter GDP could be revised to show it contracting at a pace of about 0.2% instead of the 0.7% pace of decline the government reported last month.
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The American Staffing Association has commissioned a survey to identify the most important current and future challenges and opportunities facing staffing firms and industry professionals. Your input is critical to assisting the association in developing programs, services, and benefits that will have the greatest benefits for your business and the industry over the next several years.
Staffing professionals received an email last week from “Survey Research” containing a link to the survey, which is administered by Vertical Leap Consulting. Please complete the survey by June 16. If you have questions about the survey, contact Cynthia Poole, ASA director of research, or call 703-253-2048.
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