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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.
Private Sector Employment Increased by 200,000 Jobs in September
ADP Employment Report (09/30/15)
Private sector employment increased by 200,000 jobs from August to September, according to Automatic Data Processing. Goods-producing employment rose by 12,000 jobs in September, off from 15,000 the previous month. The construction industry added 35,000 jobs in September, almost double the 18,000 gained in August. Meanwhile, manufacturing dropped into negative territory, losing 15,000 jobs in September, the worst showing since December 2010. Service-providing employment rose by 188,000 jobs in September, up from 172,000 in August.
Online Labor Demand Declines 138,500 in September
Conference Board News Release (09/30/15)
Online advertised vacancies declined 138,500 to 5.3 million in September, according to the Conference Board Help Wanted OnLine Data Series. The August supply and demand rate stands at 1.48 unemployed for each advertised vacancy, with a total of 2.6 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 8.0 million in August.
“The third quarter of 2015 closed with a small over-the-quarter decline of 21,000,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “Labor demand in 2015 started with a very strong first quarter, followed by losses in the second quarter and an essentially flat third quarter, leaving the average monthly increases in 2015 at a modest 18,000 per month. While the number of ads flattened in recent months, it remains at a very high level, suggesting a strong labor demand.”
What Industry Information Do You Need? Let ASA Know
Today the American Staffing Association is launching a publications survey to learn what industry information members value most. You should have received an email containing a link to the survey, which takes less than 10 minutes to complete. The survey is administered by Readex Research.
Your input is extremely important and will be used to help ASA enhance its publications and other resources for industry information. Survey responses will be kept confidential and reported only in aggregate. In appreciation of your time, when you participate in the survey you may enter a drawing for a chance to win one of three $100 gift cards.
If you have questions or did not receive an invitation, email Cynthia Poole, ASA director of research, or call 703-253-2048.
Why You Should Earn an ASA Credential
Now that ASA offers its members free ASA webinars and access to more than 200 on-demand courses, it’s easier than ever for you to earn and maintain the ASA Certified Staffing Professional®, Technical Services CertifiedSM, Certified Search Consultant®, and Certified Health Care Staffing ProfessionalSM credential.
Discover the full value of ASA membership and watch a video of certified industry professionals explaining what it means to be certified by ASA.
Earning the CSP®, TSCSM, CSC®, or CHPSM credential will enhance your knowledge of labor and employment law, expand your knowledge of the industry, and elevate your professionalism. Learn more about the ASA certification programs and purchase your exam package today.
Woman Has Two Fingers Amputated While Operating Mechanical Power Press for First Time
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Workers’ Compensation Insurer Returning $120 Million to Oregon Employers
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Colorado Ends ‘Use It or Lose It’ Vacation Pay Policies
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Meal Periods With Travel Restrictions May Be Compensable
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Pre-Offer Drug Tests Were Not Impermissible Medical Examinations Under the ADA, Court Holds
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Lack of Development and Advancement Opportunities for High-Professional Talent a Concern
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Staffing Challenges Plaguing Many Foodservice and Hospitality Operations
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