The Company is in the employment services industry. Its five major brands- Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management provide a range of services for the entire employment and business cycle.
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Manpower Inc with 4400 offices spread across 73 countries and territories, offers a range of services for the entire employment and business cycle, including permanent, temporary and contract recruitment, employee assessment and selection, training, outplacement, outsourcing and consulting services. It meets the needs of about four hundred thousand clients annually across all industry sectors within the small and medium enterprises and multinational corporations. Manpower operates under Manpower, Manpower Professional, Elan, Jefferson Welles and Right Management brands.
All the developing nations are facing an acute shortage of skilled labor. Manpower is well positioned to reap the benefits of the secular growth of staffing industry as its operations are geographically well-diversified. The impact of a stagnating population is already being felt in the European economy as the work force in Europe declines sharply amid a slowing in birth rates and a rise in the number of retirees. Even though China has the largest labor pool in the world, MNC’s operating in China is competing for talented human capital, to meet their growth and profit targets.
Manpower’s subsidiary Jefferson Wells, which offers professional accounting and financial services, has opened a new office at Frankfurt, Germany. The Frankfurt market is ideal because of the concentration of financial services and its central geographic location and this marks a strong physical presence in the European market to expand its international client base. With a strong focus in expanding its international operations in emerging countries, the shares of Manpower Inc are expected to shine among its peers.
Manpower enjoys the competitive advantage of having a global presence, with worldwide network of 4,400 offices across 73 countries and territories with its five brands namely Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. It meets the needs of 400000 clients including small and medium size enterprises in all industry sectors, as well as the world's largest multinational corporations.
Recently, Right Management announced a breakthrough outplacement solution called RightChoice, the first-ever outplacement service that supports individuals in transition all the way through to success. RightChoice is the most personalized approach to outplacement available today, distinguished from all others by Right Management's results-based accountability and continuing investment in candidates' transition success.
For the first quarter of 2007, Manpower came up with strong results with its earnings from continuous operations doubling. Overall revenues grew by 17% strongly supported by growth in EMEA, Italy and France geographies. Its operations outside the US generated 89% of the revenues for this quarter.
Manpower has strengthened its core staffing business through acquisitions of consulting and staffing businesses like Elan, Jefferson Wells and Right Management. Job euphoria is likely o continue as staffing industry in US is expected to grow annually by 3.8%. Also growing economies like China and India create better job opportunities, thereby creating demand for highly skilled jobs. Manpower is a good long-term investment, generating potential returns for investors.