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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.
Job Openings Climbed in January to an Almost One-Year High
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U.S. Producer Prices Increase
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Get Your Entries Ready for Care and Elevate Awards and National Staffing Employee of the Year
ASA is now accepting submissions for its prestigious awards programs—ASA Care Awards, ASA Elevate Awards, and the ASA National Staffing Employee of the Year and Sector All-Stars. The deadline for all submissions is May 1, and there are no fees to enter.
The ASA Care Awards honor effective social responsibility initiatives in the staffing industry. These initiatives serve local communities as well as drive employee engagement. The ASA Elevate Awards recognize outstanding, innovative, and effective work-based learning programs that train, reskill, and upskill temporary and contract employees. National Staffing Employee of the Year (sponsored by StaffPRO3, a division of PMC Insurance Group) is an outstanding temporary or contract employee who exemplifies the promise of staffing employment.
Gain national recognition for your company, and then leverage that recognition to differentiate your firm in your most competitive markets. Being named as among the best in the industry is a valuable tool your company can use to sell to and engage with clients and talent.
Award recipients will be celebrated during Staffing World® 2021, Sept. 28–30 in Denver; featured in ASA publications; and spotlighted on the ASA website, in national news media outreach, and in social media campaigns. Recipients can promote their accomplishments by using special award logos, template news releases, and additional marketing resources.
Provide Harassment Prevention Training to 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.
New training requirements recently took effect in California, Connecticut, and Illinois; the training requirements in Delaware, Maine, and New York have been in effect for some time. Visit americanstaffing.net/harassmentprevention for more information.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending March 7.
Coryer Staffing Corp.
Plattsburgh, NY
Talentwell
Houston, TX
Writing Assistance Inc.
Plymouth, MN
Congress Passes American Rescue Plan: What Employers Need to Know
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EEOC Charlotte District Office to Host Seminar on Covid-19 Issues in Equal Employment Opportunity
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Covid-19: State Policy Report, March 6-8
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Updated Guidance From California’s DFEH at the One Year Mark of the Pandemic
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Project Cancellations Continue to Impact Construction Industry One Year Into Pandemic
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Majority of Workers Want to Return to the Office and Want Covid-19 Protocols Enforced
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Companies Are Holding Off on Firing Workers Right Now
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