Chartwell Staffing Solutions (07/02/15)
Lancaster, PA-based Chartwell Staffing Solutions has acquired Ogden, UT-based Eveready Staffing and Training. Eveready’s focus is on light industrial staffing. The Eveready brand has been changed to the Chartwell Staffing Solutions brand.
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.
Conference Board News Release (07/06/15)
The Conference Board Employment Trends Index increased in June. The index now stands at 129.11, up from 128.47 (a downward revision) in May. The change represents a 4.8% gain in the ETI compared with a year ago.
“The growth in the [ETI] accelerated in Q2, suggesting strong job growth through the summer,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “The combination of solid job growth and nearly flat labor force growth should lower the unemployment rate to 5% by year end.”
MarketWatch (07/02/15) Ruth Mantell
U.S. government data show a 1% drop in orders for goods produced in U.S. factories in May. Economists polled by MarketWatch had forecast a 0.5% decline.
Orders for durable goods decreased 2.2%, exceeding economists’ forecast of a 1.8% decline. Orders for nondurable goods rose 0.2%.
Wall Street Journal (07/05/15) Jeffrey Sparshott
While the latest sets of wage data were disappointing for American workers, several other measures of earnings are indicating more optimistic tendencies. Average hourly earnings, the best-known measure of workers’ pay, increased a mere 2% over the past year, according to a report from the U.S. Department of Labor, suggesting the labor market is not quite tight enough to generate big pay gains. The employment cost index (ECI), the preferred measure of wages for economists, shows a rise of 2.6% in labor costs in the first quarter. Since the ECI controls for compositional shifts in the labor force, it allows for relatively pure comparisons of different time periods.
Sending the most upbeat message is the employer costs for employee compensation (ECEC), which is based on the same survey as ECI and is also a measure of wages and benefits. ECEC jumped 4.9% from a year earlier in the first quarter; however, it does not adjust for labor-force composition, and as such could be skewed by a spike in the hiring of high-paid workers.
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. Headlining the convention are three world-class keynote speakers, including Stephen J. Dubner, an award-winning author, journalist, and radio and TV personality.
Dubner contends that succeeding in today’s business world requires unconventional ways of thinking and problem-solving. These strategies are part of what he calls “Freakonomics”—and he’ll teach you how to think “like a freak” to take your business operations to the next level using insights gleaned from Freakonomics research.
Get more information about Dubner and the other business leaders scheduled to be at the convention at staffingworld.net.
ASA soon will release new editions of Co-Employment: Employer Liability Issues in Third-Party Staffing Arrangements and Employment Law for Staffing Professionals, which will be available as print textbooks and ebooks.
ASA also will release updated exam packages for Certified Staffing Professional® and Technical Services CertifiedSM certification, which will include the new books, updated federal and state workbooks and exam questions, and a new video-based study tool.
Find out more and place your order at americanstaffing.net. All prices include free shipping within the continental U.S. Orders will ship in August.
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