Adecco Achieves Solid Profitability in 2012
Adecco Group News Release
Adecco reported revenues of €20.5 billion in 2012, down 4% organically from 2011. Its year-to-year North American revenues were up 8% organically to €947 million in the fourth quarter of 2012. The company’s general staffing revenues were up 7% year-to-year in constant currency, and it reported organic growth of 8% in its professional staffing segment. It also reported a 12% year-over-year organic increase for its North American information technology professional staffing segment, related to organic growth of 16% in the U.S. Revenues for its finance and legal and engineering and technical segments were up 4% each in constant currency, while the medical and science segment posted a 21% increase in revenue in constant currency. A 12% organic growth rate also was reported in permanent placement revenues.
U.S. Employers Post More Jobs, Suggesting Hiring Will Remain Healthy
The U.S. Department of Labor reported on March 12 that job openings edged up 2.2% in January to 3.69 million, following on the heels of a close to 5% drop in December. However, layoffs hit their lowest point since 2001 in January, and the number of Americans quitting their jobs reached a more than four-year high, indicating that the U.S. job market is gaining strength. The professional and business services sector, which includes temporary jobs, posted the biggest increase in job openings, followed by retail. Although job openings are up 55% since the recession ended in June 2009, total hiring has climbed just 17% over the same period as employers are slow to fill vacancies.
Free Webinar Today—Prepare for Staffing Industry Legislative Challenges
Health care reform mandates are scheduled to take effect in less than a year. At the same time, the staffing industry faces potential organized labor activity and aggressive enforcement by federal agencies. Are you prepared?
The American Staffing Association is on the front lines—educating lawmakers in Washington and at your statehouse. Review upcoming challenges for the staffing industry during the free
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Coming Soon: ASA Marketplace—Your No. 1 Source for Suppliers to the Staffing Industry
In April, ASA will launch a powerful online resource that will change how staffing companies access industry supplier information and make important purchasing decisions. ASA Marketplace, a feature-rich, interactive, searchable website, will allow users to find supplier products and services in various categories by using a host of tools. Stay tuned for more information about the ASA Marketplace. There’s never been anything like it in the staffing business.