Emphasizing the Importance of Professionalism for Sustainable Growth and Profitability: ADECCO's Stance
In a significant move, Adecco, the worldwide leader in human resource services, headquartered in Switzerland, has announced a strategic update and outlook in Valencia, Spain. The multinational team managing the group is set to focus on expanding global market presence, enhancing digital transformation in staffing services, improving customer and candidate experience, and driving sustainable growth through diversification in HR solutions.
Dieter Scheiff, the group CEO, highlighted that the staffing industry is at an interesting turning point, with a strong global demand for flexible and skilled labor. The group aims to capitalise on this trend, with a revenue growth target of at least 7-9% per annum, provided there are no material changes to the macroeconomic environment.
To achieve this, the group's strategy will emphasise increased candidate retention, competencies, and skills in the professional staffing sector. In contrast, the strategy for traditional Office and Industrial staffing sectors will focus on specialization and cost leadership.
René Schuster, joining Adecco from the Vodafone Group, has been appointed as the new head of the UK & Ireland, replacing interim country head Mo Dedat who will revert back into his previous role as the UK Finance Director.
The group's extensive network connects over 700,000 associates with business clients each day, operated through a network of 6,600 offices in over 70 countries and territories. In 2005, the group had sales of EUR 18.3 billion.
Management is confident that the focus on professional business fields and the specialization of the Office and Industrial business will allow the group to improve operating income margin to over 5% by 2009, with a goal to improve return on capital employed (ROCE) to above 25% in the same year.
For further information, please contact Adecco's Corporate Investor Relations at [email protected] or +41 (0) 44 878 8925, or the Corporate Press Office at [email protected] or +41 (0) 44 878 8832. The group delivers an unparalleled range of flexible staffing solutions to corporate clients and qualified associates.
- To improve financial performance, Adecco is concentrating on enhancing their professional business fields and specializing in the Office and Industrial sectors, aiming to boost their operating income margin to over 5% by 2009 and increase return on capital employed (ROCE) to above 25% in the same year.
- In the staffing industry, Adecco, a global leader in human resource services, plans to capitalize on the growing demand for flexible and skilled labor, setting a revenue growth target of at least 7-9% per annum, and focusing on improved candidate retention, competencies, and skills in the professional staffing sector.
