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The Company is a global provider of talent management solutions that help clients to attract, deploy, develop, retain and reward their talent.
KornFerry International, with a presence in 40 countries with over 70 offices, is a premier global provider of executive search, outsourced recruiting and leadership development solutions in the recruitment industry. Its services range from corporate governance and CEO recruitment to executive search, middle-management recruitment and Leadership Development Solutions (LDS). Fee based revenues comprises of 95% of total revenues for the fiscal April 2006.In many economies the top-level workforce is aging at a very rapid pace and there is a shortage of qualified people to replace them. KFY would be a major beneficiary over others, as it has 37 years of record in top-level recruitments. The economic upswing combined with the globalization of business and shortage of qualified executives, fuels job growth and hiring. KFY has a leading position in Asia, which is experiencing a secular growth and is also a leading player in the emerging recruitment process outsourcing (RPO) market with its Futurestep division.The company has been selected as an advisor by Bruce Power, industry leader in nuclear energy, for a period of five years, for its executive and middle-management recruitment and leadership development initiatives. KFY will build a talent pipeline for Bruce Power on a local, national and international basis, and will also work with Bruce Power staff to strengthen the company’s ongoing professional development programs. KFY is well positioned given the tightness in the US labor market, which is particularly pronounced for managers and professionals.
In August 2006, Korn/Ferry acquired Lominger Limited Inc, one of the largest providers of leadership development tools for individuals, teams and organizations for a sum of $ 24 million. Lominger’s people, products and services are a perfect fit with Korn/Ferry’s vision of providing clients with a broad array of talent management solutions. The matching of Korn/Ferry’s brand and global reach with the quality and credibility of Lominger’s research and product offerings will make Korn/Ferry a dominant force in the leadership development arena.Korn/Ferry has nearly 37 years of track record focusing on executive level recruitment, which has made it a premier brand in the industry. Asia is experiencing a secular growth, whereby Korn/Ferry is a leading player in recruitment process outsourcing (RPO) industry with its Futurestep division. Over the next four five years, the RPO industry is capable of delivering a 15-20% growth.Recently, Bruce Power selected Korn/Ferry International as the advisor for its executive recruitment, middle-management recruitment and leadership development initiatives. This five-year agreement will help Bruce Power to develop its existing senior-level talent pool, as well as supplement it by identifying and attracting top executives from outside the company. Further, in many economies, the top-level workforce is aging and it is difficult to replace them with new ones, as there is shortage of skilled talent. Considering the above facts, the shares of Korn/Ferry offer good potential returns for long-term investors.
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