Staffing employment for the week of July 6–12 was 94.34, according to the ASA Staffing Index. Temporary and contract staffing employment increased 1.27% from the prior week, and was 2.99% lower than the same week last year. Survey respondents attribute the increase to an upswing in hiring after the Independence Day holiday.
This week, containing the 12th, will be used in the July monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics Aug. 7.
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 News Release (07/21/15)
ManpowerGroup today released its financial results for the quarter ending June 30. The company reported that net earnings per diluted share for the quarter were $1.33, beating analysts’ estimates. Net earnings in the second quarter were $105.7 million, compared with $109.8 million a year earlier, down 3.73%—but up 12.6% in constant currency. On a constant currency basis, revenues increased 7% and earnings per share increased 16%. Revenues from the U.S. were $762.6 million for the quarter, a decline of 1.7% from the same period in 2014.
“The labor markets continue to improve across the globe, although at a slow and uneven pace in some countries,” said ManpowerGroup chief executive officer Jonas Prising. “This is an environment where companies all over the world will be interested in attracting the right talent and finding the best workforce solutions for their organization, helping them grow and be successful while becoming more nimble and agile to respond to market changes.”
CareerBuilder News Release (07/21/15)
ASA corporate partner CareerBuilder has announced today that it has acquired a majority stake in software company Textkernel, which provides semantic recruitment technology. The acquisition is the latest step in CareerBuilder’s evolution into an HR software as a service provider.
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