Adecco Reports Q4 and FY 2013 Results
Adecco Group News Release
Adecco Group reported revenues of €4.98 billion for the fourth quarter of 2013, down 1.0% from €5 billion in the fourth quarter of 2012 (up 4% in constant currency). Currency fluctuations had a negative effect on revenues of approximately 5% in the quarter. Revenues were €19.5 billion for fiscal 2013, down 5.0% from €20.5 billion the prior year (down 2% in constant currency). Net income totaled €174 million for the quarter, up 398.0% from €35 million, and €558 million for the full year, up 48.0% from €378 million.
In North America, fourth quarter revenues were €928 million, down 2.0% from €947 million (up 3% in constant currency). General staffing revenues grew 4%, with 14% growth in industrial and a decline in office. Professional staffing revenues grew by 2.0%, led by information technology, which was up 5% (all in constant currency). Permanent placement revenues were up 17% in constant currency.
Job Openings and Labor Turnover Little Changed in January
U.S. Bureau of Labor Statistics
The U.S. Bureau of Labor Statistics reported that at the end of January, job openings totaled four million, the hires rate was 3.3%, and the separations rate was 3.2%, all of which were little changed from December. There were 4.5 million hires and 4.5 million separations in January, essentially unchanged from December for total private and government.
The quits rate was 1.7% for total nonfarm, 1.9% for total private, and 0.6% for government, while the layoffs and discharges rate was 1.3% for total nonfarm, 1.4% for total private, and 0.5% for government. During the year-to-year period, there were 54.3 million hires and 52.1 million separations, for a net employment gain of 2.2 million.
Register for the ASA Staffing Law Conference Today to Get the Advance Rate
The ASA Staffing Law Conference, May 21–22 in Washington, DC, is the only program dedicated to the legal issues affecting the staffing and recruiting business. Register by April 1 and save $100 per registrant.
Plus, all 2014 ASA Staffing Law Conference attendees will receive the ASA Affordable Care Act Communications Kit, which ASA will soon release. This valuable resource contains everything your firm needs to speak strategically with clients about ACA compliance.
Check out the full conference agenda and register online at americanstaffing.net
. ASA members get a discount, so join today
Free ASAPro Webinar Tomorrow—Attract the Best Recruiters
Don’t miss tomorrow’s ASAPro
webinar “Remodel Your Brand to Attract Better Recruiters
,” 3–4 p.m. Eastern time. Learn how to reach recent college graduates entering the workforce to cultivate a new generation of talented recruiters.
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