October 5, 2015

The Conference Board Employment Trends Index Increased in September

Published October 05, 2015 ■ Headline News

Conference Board News Release (10/05/15)

The Conference Board Employment Trends Index increased slightly in September. The index now stands at 128.76, up from a downwardly revised 128.66 in August. The change represents a 4.6% gain in the ETI compared with a year ago.

“While Friday’s job report was a disappointment, and the trend in job growth is probably slower than in the last couple of years, the [ETI] does not suggest a negative shock will impact the labor market any time soon,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “Slower job growth is more in line with the mediocre [gross domestic product] growth of recent years, and also suggests that the very low productivity growth during that time is not sustainable.”

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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.

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U.S. Factory Orders Drop 1.7% in August

Published October 05, 2015 ■ Headline News

MarketWatch (10/02/15) Jeffry Bartash

Orders for goods produced in U.S. factories dropped 1.7% in August, according to the U.S. Department of Commerce. Economists surveyed by MarketWatch had forecast a 1.3% decline in orders. Orders for durable goods fell 2.3% in August, and orders for nondurable goods declined 1.1% in the same period.

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Free ASA Webinar Today—Improving Diversity in the C-Suite

Published October 05, 2015 ■ ASA for You

Don’t miss the ASA webinar “Encouraging Women to Lead.” It takes place today from 3 to 4 p.m. Eastern time. Hear what one staffing firm’s executives learned from female leaders, and how your firm can improve diversity at the highest levels.

All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.

Free ASA Webinar Next Week—Tap Into Your Leadership Potential

Published October 05, 2015 ■ ASA for You

Too many American workers put time, but not energy or passion, into their work. But staffing firm leaders can take specific steps to create a working environment that nurtures people and allows them to be creative, productive, and profitable. Learn how to develop your leadership skills during the ASA webinar “Creating an Extraordinary Organization: The Mindset of a Leader.” It takes place Tuesday, Oct. 13, 3–4 p.m. Eastern time.

All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.

Catch Three Exciting Keynote Presentations at Staffing World® This Month

Published October 05, 2015 ■ ASA for You

Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, happens in three weeks—Oct. 27–29 at the Gaylord Opryland Resort & Convention Center in Nashville, TN.

Headlining the convention are three world-class keynote speakers:

Stephen J. Dubner, award-winning journalist and co-author of books such as Freakonomics and When to Rob a Bank: And 131 More Warped Suggestions and Well-Intended Rants; presenting “Retrain Your Business Brain—Think Like a Freak”
Jim Clifton, chairman and chief executive officer of Gallup; presenting “Good to Great? Or Lousy to Good? Achieving Sustainable Organic Growth Through Engaged Client Relationships”
Seth Mattison, founder and chief movement officer of FutureSight Labs; presenting “The Great Business Shift—Building Next-Generation Enterprises for a Next-Generation Workforce”

And there’s more in store at Staffing World—check out staffingworld.net for the convention agenda, travel information, exhibitor information, and more, and register for Staffing World today.