The Adecco Group

Adecco Group AG
Aktiengesellschaft
Traded as SIX: ADEN
Industry Professional services
Founded 1996
Headquarters Zurich, Switzerland
Number of locations
 5,100 branches in over 60 countries and territories
Area served
 Worldwide
Key people
 Rolf Dörig (Chairman)
Alain Dehaze (CEO)
Services Employment agencies, recruitments, human resource consulting and outsourcing
Revenue €7,000 million (2016)[1]
€1,062 million (2016)[1]
€725 million (2016)[1]
Total assets €10,099 million (2016)[1]
Total equity €3,722 million (2016)[1]
Number of employees
 more than 33,000 (2016)[1]
Website http://adeccogroup.com

The Adecco Group, based in Zurich, Switzerland, is the largest temp staffing firm in the world,[2][3] and a Fortune Global 500 company.[4]

With more than 33,000 FTE employees and around 5,100 branches in over 60 countries and territories around the world, The Adecco Group offers a wide variety of services that include temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting. The Adecco Group key markets are France, North America, UK and Ireland, Japan, Germany, Austria, Italy, Benelux, Nordics, Iberia, Australia, New Zealand, Switzerland.

The company was formed in 1996 as a result of the merger of the French company Ecco and the Swiss company Adia Interim,[5] and is listed on the SIX Swiss Exchange (ADEN, ISIN CH0012138605).

The Adecco Group is the parent company of a large number of brands including Adecco Staffing, Euro Engineering, Modis, Spring Professional, Badenoch & Clark, Pontoon and Lee Hecht Harrison.

Services

The Adecco Group provides services covering temporary staffing, permanent placement, career transition and talent development as well as business process outsourcing and consulting.

As for staffing, The Adecco Group covers many sectors, including office, industrial, technical, financial and legal, amongst others.

An Adecco branch in Gillette, Wyoming

History

  • 1996: Personnel services firms Ecco and Adia Interim merge to form a global company with annualised revenues of €5.4 billion.[6] Operations are combined to form a network of 2,500 branches. The core staffing business consists of 250,000 staff situated with various companies.
  • 2000: The Adecco Group acquires Olsten Staffing, becoming the largest recruitment company in the U.S. The merged company generates combined revenues of €11.6 billion.
  • 2002: The Adecco Group consolidates its businesses and creates divisions to manage its business.
  • 2005: The Adecco Group expands across six professional business lines defined by occupational fields and now provides all services under one name.
  • 2006: Following the acquisition of DIS AG, Germany, Dieter Scheiff assumes the position of Chief Executive Officer of The Adecco Group. Dominik de Daniel becomes Chief Financial Officer.[7]
  • 2007: The annual shareholders' meeting approves the nomination of Jürgen Dormann, former Vice Chairman, as Chairman of the Board. Rolf Dörig becomes Vice-Chairman. Klaus J. Jacobs, the co-founder of Adecco, hands back his mandate, having reached the statutory retirement age.
  • 2008: On 11 September, Klaus J. Jacobs, founder and Honorary President of The Adecco Group, dies.[8] Jürgen Dormann steps down at year end, as Chairman of the Board of Directors.
  • 2009: Rolf Dörig starts as Chairman of the Board of Directors of the Adecco Group. On 1 June, Patrick De Maeseneire takes over as Chief Executive Officer of the Adecco Group from Dieter Scheiff. The Adecco Group acquires Spring Group in the UK,[9] and tables an offer for MPS Group.
  • 2010: The acquisition of MPS Group officially closes.[10] The Adecco Group sets up a joint venture in Shanghai with Chinese HR services company Fesco.[11]
  • 2011: FESCO Adecco begin operations on 1 January. The Adecco Group announces the acquisition of US-based Drake Beam Morin, Inc.[12]
  • 2012: The Adecco Group acquires VSN Inc., a provider of professional staffing services in Japan.[13] Henri-Ferdinand Lavanchy, the founder of Adia, passes away.[14]
  • 2014: The Adecco Group acquires OnForce to expand its Beeline service offering, creating a unique integrated solution for managing contingent workforces.[15] The Jacobs Group sells the vast majority of its 18% stake in the Adecco Group.[16]
  • 2015: On 11 March, The Adecco Group acquires Knightsbridge Human Capital Solutions, a market leader in Canada in career transition, talent and leadership development and recruitment services.[17] On 1 September, Alain Dehaze takes over as Chief Executive Officer of The Adecco Group from Patrick De Maeseneire.[18] The Adecco Group announces a new composition of the Executive Committee.
  • 2016: On 10 May, The Adecco Group closes the acquisition of Penna Consulting Plc, a UK company providing career transition and talent development services as well as recruitment solutions.[19] The acquisition complements the activities of Lee Hecht Harrison.

Global brands

The Adecco Group operates in the market through many different brands. The main international ones are:

  • Adecco
  • Modis
  • Spring Professional
  • Badenoch & Clark
  • Pontoon
  • Lee Hecht Harrison
  • General Assembly

Sponsorships

Following on from their sponsorship between 2002 and 2007; in September 2015, The Adecco Group signed a three-year extension as an international sponsor and Official HR partner of the ITF’s two team competitions, Davis Cup by BNP Paribas and Fed Cup by BNP Paribas.

The agreement started with the 2015 Davis Cup World Group semifinals and play-offs and continues through to 2019.[20]

Adecco also sponsored the Norwegian First Division (as Adeccoligaen) from 2005 until 2013.

Litigation

Adecco UK Ltd v. Adecco UK Recruitment Ltd

On 10 December 2008, Adecco UK Ltd applied to the Company Names Tribunal under s.69(1)(b) Companies Act 2006 for a change of name of Adecco UK Recruitment Ltd, which had been registered at Companies House since 14 October 2008.

The application went undefended by the respondent and the adjudicator ordered on 3 March 2009 that Adecco UK Recruitment Ltd must change their name within one month. Additionally the respondent was ordered not to cause or permit any steps to be taken to register another company with an offending name which could interfere, due to its similarity, with the goodwill of the applicant.

Adecco UK Recruitment Ltd was also ordered to pay a contribution towards Adecco UK Ltd's costs.[21]

Discrimination

Adecco was convicted for unlawfull discrimination in France in 2011[22] and in Belgium in 2015.[23]

See also

References

  1. 1 2 3 4 5 6 "Annual Report 2016" (PDF). Ar.adeccogroup.com. Archived from the original (PDF) on 19 March 2017. Retrieved 19 March 2017.
  2. ↑ "Economic Report : 2015 Edition" (PDF). Wecglobal.org. Retrieved 1 November 2017.
  3. ↑ "SIA list ranks largest global staffing firms for 2017, Adecco remains largest". Staffing Industry Analysts. 2017-10-04. Archived from the original on 2017-10-05. Retrieved 2018-03-20.
  4. ↑ "Adecco Group". Fortune.com. Retrieved 1 November 2017.
  5. ↑ "Upcoming Adia, Ecco merger to create a personnel giant - Silicon Valley Business Journal". Silicon Valley Business Journal. Retrieved 2016-04-05.
  6. ↑ "Upcoming Adia, Ecco merger to create a personnel giant". Bizjournals.com. Retrieved 1 November 2017.
  7. ↑ "Adecco appoints Dominik de Daniel as group chief financial officer - Onrec". Onrec.com. Retrieved 1 November 2017.
  8. ↑ Beckett, Edward (13 September 2008). "Chocolate King Jacobs Dies". Forbes.com. Retrieved 1 November 2017.
  9. ↑ "Adecco's acquisition of Spring creates one of the largest recruitment companies in the UK". Hrmagazine.co.uk. Retrieved 2016-04-12.
  10. ↑ "Archived copy". Archived from the original on 27 January 2015. Retrieved 13 January 2015.
  11. ↑ "Adecco, FESCO establish new HR venture". Chinadaily.com.cn. Retrieved 1 November 2017.
  12. ↑ "Adecco Announces Plan to Acquire Drake Beam Morin – Workforce Magazine". Workforce.com. 26 July 2011. Retrieved 1 November 2017.
  13. ↑ "Deals - Corporate LiveWire - Corporate LiveWire". Corporatelivewire.com. Retrieved 1 November 2017.
  14. ↑ "Le Vaudois Henri-Ferdinand Lavanchy est décédé". Rts.ch. Retrieved 1 November 2017.
  15. ↑ "OnForce acquired by European Adecco Group, will join with Beeline". Betaboston.com. Retrieved 2016-04-05.
  16. ↑ "Adecco's largest shareholder sells down stake". Ft.com. Retrieved 2016-04-22.
  17. ↑ "Adecco acquires Knightsbridge Human Capital Solutions". 2.staffingindustry.com. Retrieved 1 November 2017.
  18. ↑ "Adecco Board appoints Alain Dehaze as CEO - Recruitment International". Recruitment-international.co.uk. Retrieved 1 November 2017.
  19. ↑ "Adecco says Brexit uncertainty hitting UK finance jobs". Dailymail.co.uk. Retrieved 1 November 2017.
  20. ↑ "Davis Cup - Adecco". Daviscup.com. Retrieved 1 November 2017.
  21. ↑ Adecco UK Ltd v. Adecco UK Recruitment Ltd Archived 3 November 2012 at the Wayback Machine. Retrieved 8 October 2014
  22. ↑ https://www.legifrance.gouv.fr/affichJuriJudi.do?idTexte=JURITEXT000020875114
  23. ↑ https://www.rtbf.be/info/economie/detail_la-societe-d-interim-adecco-condamnee-pour-discrimination-a-l-embauche?id=8914514
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