As the American Staffing Association begins 2016, ASA president and chief executive officer Richard Wahlquist discusses a few new enhancements in the area of industry information and research. Watch the video to find out more.
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.
M3 USA Acquires the Medicus Firm Physician Search
The Medicus Firm News Release (01/04/16)
M3 USA, a global provider of health care solutions for hospitals, health systems, and physicians, has acquired the Medicus Firm, a national physician search firm with offices in Atlanta and Dallas. The terms of the acquisition were not disclosed.
Online Labor Demand Decreased in December
Conference Board News Release (01/06/16)
Online advertised vacancies decreased 276,800 to 5.4 million in December, according to the Conference Board Help Wanted OnLine Data Series. The November supply and demand rate stands at 1.40 unemployed for each advertised vacancy with a total of 2.3 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.9 million in November.
“Labor demand in 2015 continued at the same slow steady pace of 2014, averaging about a 24,000 monthly increase,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “While labor demand growth has been somewhat slow over the past two years, the monthly employer demand levels have remained consistently high, providing a strong basis for a healthy labor market.”
ADP: Employment Rose in December
ADP News Release (01/06/15)
Private sector employment increased by 257,000 jobs from November to December, according to Automatic Data Processing. Goods-producing employment rose by 23,000 jobs in December, well up from a downwardly revised negative 2,000 in November. The construction industry added 24,000 jobs, which was roughly in line with the 21,000 average monthly jobs gained for the year. Meanwhile, manufacturing stayed in positive territory for the second consecutive month, adding 2,000 jobs. Service-providing employment rose by 234,000 jobs in December, up from an upwardly revised 213,000 in November.
“Strong job growth shows no signs of abating,” says Mark Zandi, chief economist of Moody’s Analytics. “The only industry shedding jobs is energy. If this pace of job growth is sustained, which seems likely, the economy will be back to full employment by mid-year. This is a significant achievement, given that the last time the economy was at full employment was nearly a decade ago.”
Free ASA Webinar Tomorrow—ACA Employer Reporting Rules
Don’t miss tomorrow’s ASA webinar “2015 ACA Employer Reporting—Final Checklist,” 3–4 p.m. Eastern time. Learn about your firm’s reporting obligations for 2015 under the Affordable Care Act.
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.
ASA Publishes Updated Issue Paper on Rules Governing Calls, Texts, Faxes, and Emails
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What Will Employment Compliance Require in 2016?
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Health Coverage Made Available ONLY to Wellness Program Participants, OK Under ADA ‘Safe Harbor’ Says District Court
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Best Practices for Drafting Employee Privacy Policies
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Family Leave Gaining Momentum in the Workplace
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Study: Most Moonlight to Make Ends Meet
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