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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.
Producer Prices Increase Slightly in November
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Job Seekers Are Looking—Will They Work With You?
The new Candidate Sentiment Study from ASA reveals a sense of optimism about employment and job-related opportunities as the nation continues to fight Covid-19. The data from the survey indicate that both active and passive job seekers expect to be working for a new company in the next 12 months. Get those candidates to work with your firm—use the findings detailed in the study report to plan now for a successful 2021.
The report is available for purchase now, and ASA members receive a discount. Get more information at americanstaffing.net/candidate-sentiment-study.
Deadlines Approaching—Get Harassment Prevention Training for Temporary Workers
ASA has partnered with Kantola Training Solutions to provide a full-service, cost-effective solution for the harassment prevention training needs of staffing companies.
It’s easy to administer and keeps records for you—it can even track the time an employee spends on training. The training was co-developed with Littler, the world’s largest labor and employment law firm.
In Illinois, employees must be trained by Dec. 31, 2020; in California, staffing firms’ internal employees must be trained by Jan. 1, 2021, and temporary employees must be trained beginning Jan. 1, 2021. In Connecticut, certain employees must be trained by Jan. 1, 2021. The training requirements in Delaware, Maine, and New York have been in effect for some time. Visit americanstaffing.net/harassmentprevention for more information.
Take Advantage of ASA Resources—Get Employees Back to Work Safely
As part of a global endeavor to help employees return safely to work amid the pandemic, ASA has launched the Safely Back to Work initiative to lead efforts in the U.S. The initiative and website at americanstaffing.net/safelybacktowork are based on the association’s work with the World Employment Confederation, Adecco Group, ManpowerGroup, and Randstad NV.
The result is an online collection of safety-focused resources for employers and a high-profile pledge to the safety of all employees who are returning to job sites. ASA urges all of its members to download and use the free resources and take the pledge.
- Download the ASA Safely Back to Work Best Practice Protocols, which include 77 measures to help further employee safety in different industry sectors and work environments.
- Download the Covid-19 Safety Checklist, developed specifically for staffing company use by the law firm Seyfarth Shaw.
- Take the Safely Back to Work Pledge to show your company’s commitment to the health and welfare of your corporate and temporary and contract employees.
Once you submit your pledge to safety, your name and company name will appear in a real-time leaderboard on the page. Share your commitment on social media channels and encourage your colleagues to do the same. The Safely Back to Work site provides a variety of graphics for use on Twitter, Facebook, LinkedIn, and ASA Central. Use the hashtag #SafelyBackToWork and tag @StaffingTweets.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending Dec. 6.
Blue Chip Talent
Bloomfield Hills, MI
Longship Group
Pickerington, OH
UNI Healthcare Recruiters
Tarzana, CA
Covid-19: State Policy Report, Dec. 8
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FFCRA Leave—What Employers Need to Know for the End of 2020
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Just How Long Does Your Covid-19-Exposed Employee Have to Quarantine?
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Can, and Should, Employers Require That Employees Be Vaccinated for Covid-19?
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Managing the Employment Relationship in Mississippi
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Most CPA Business Leaders Forecast Negative Impact on Their Firms Without New Economic Stimulus
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Spotlight on Employee Benefits and Perquisites in 2020
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Covid-19 Workers’ Compensation Medical Costs Averaging $38K Per Claim
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