January 11, 2016

Navigate the Future With ASA

Published January 11, 2016 ■ Announcement

With the first work week of the new year behind us, ASA sends you best wishes for a healthy and prosperous 2016.

This year, ASA celebrates 50 years as the voice, advocate, and provider of world-class services to the staffing, recruiting, and workforce solutions industry. This is an especially exciting time to look toward the future of the industry and your company’s success.

The ASA board of directors and staff recently completed the development of a new strategic roadmap for the future. This new strategic plan is based in large part on personal interviews and survey data from more than 1,300 industry executives like you, and it takes into consideration current and predicted demographic, technological, socioeconomic, and political trends, disrupters, and opportunities.

At the heart of the new plan are initiatives that will position the industry as an essential driver of workforce innovation, public policy initiatives, and strategic solutions that aim to enhance U.S. competitiveness and promote job creation.

Don’t miss an opportunity to drive growth for your company—join ASA today. As an organization of industry thought leaders, ASA looks forward to helping firms like yours achieve new levels of relevance, innovation, professionalism, and success.

Richard Wahlquist

President and CEO, ASA

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.

Read the full story

MTS Health Investors Makes Strategic Investment in HCCA

Published January 11, 2016 ■ Headline News

BusinessWire (01/08/16)

Nashville, TN-based HCCA Health Connections Inc. and HCCA International Inc., collectively known as HCCA, and New York-based health care private equity firm MTS Health Investors LLC, have announced that funds managed by MTS have completed a strategic equity investment in HCCA. HCCA is an independent provider of offshore clinical resources serving U.S. health care companies; its domestic nurse staffing business recruits nurses for deployment at U.S.-based hospitals.

Read the full story

The Conference Board Employment Trends Index Increased in December

Published January 11, 2016 ■ Headline News

Conference Board News Release (01/11/16)

The Conference Board Employment Trends Index increased in December. The index now stands at 129.33, up from 128.27 in November. The change represents a 2.6% gain in the ETI compared with a year ago.

“The [ETI] rebounded sharply in December, nearly erasing November’s entire decline,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “However, the slowdown in the ETI growth rate in recent months, combined with weak [gross domestic product] growth in the fourth quarter, suggests that the pace of job growth is likely to slow in the coming months.”

Read the full story

Unique Opportunity for Staffing Firms in the Southeast

Published January 11, 2016 ■ ASA for You

ASA and the Mississippi Council will present the Mississippi Council Symposium, providing federal and state-level guidance on issues that will affect staffing, recruiting, and workforce solutions firms in 2016.

Featuring ASA senior counsel Ed Lenz, Esq., as well as representatives from the State Workforce Development Board, Mississippi Department of Employment Security, and Mississippi Community Colleges Board, the symposium will take place Feb. 11, from 1 to 4:30 p.m. Central time in Ridgeland, MS.