About Randstad North America, Inc.
Randstad Holding has the supply to meet nearly any demand. The company is one of the largest temporary staffing and employment services agencies in the world (behind AEX). It operates primarily in Europe, but also in Asia and North America, under the Randstad brand and several others, including Monster (US), Ausy, GULP, Twago, Spherion, Yacht (industrial staffing), and Tempo-Team (general staffing). Through nearly 4,900 locations in some 30 countries, Randstad supplies temporary workers for small assignments as well as large-scale deployments. It also offers permanent placement and HR project management and consultancy services. Randstad Holding was established in 1960.
Randstad's operations are divided across four business segments: staffing, professionals, in-house services, and global businesses.
The largest segment, bringing in more than half of all revenue, is the staffing business. It targets blue- and white-collar job candidates seeking temporary or permanent placements, as well as offering payrolling, training, and specialties.
The in-house services segment, which brings in more than 20% of sales, targets clients in the manufacturing and logistics industries.
The professionals segment, also around 20% of sales, recruits supervisors, managers, professionals, specialists, and consultants in a wide range of industries.
Global businesses, which brings in around 5% of revenue, provides range of services, such as online talent acquisition, managed services programs, recruitment process outsourcing, and outplacement.
Randstad makes more than 260,700 permanent placements annually.
Randstad has nearly 4,900 locations in around 30 nations. Its largest single market is North America, which accounts for about 20% of total sales. France and Netherlands account for about 15% of sales each. Germany brings in nearly 10%.
Sales and Marketing
Randstad serves clients from multi-national blue-chip firms and government agencies to consulting firms and small- to midsized companies.
The company will connect with people beyond search, selection, staffing, and recruitment. Through their smart solutions and online platforms, they aim to be present at all stages in people's careers, consistently improving their employability and providing training opportunities where this is appropriate. In today's fast changing world, new technologies, tools, and solutions are redefining the way they interact with people. They combine this with the most important they have to offer: their human touch.
Marketing costs were 0.8% of revenue (2018: 0.8%).
Note: Growth rates may differ after conversion to US Dollars.
Randstad's revenue and net income have been steadily climbing from 2015 to 2018, however, slightly fell in 2019.
In 2019, revenue fell of some 1% to €23.7 billion. Despite the increase to other three segments, staffing segment decrease to about 5% compared from prior year.
With the decrease to revenue, net income also fell at some 15% to €606 million in 2019 from €708 million in 2018.
The company ended 2019 with a cash of €225 million, a nearly 20% decrease compared to €273 million at the end of 2018. Operating activities provided €1.3 billion in net cash while investing activities used €137 million. Financing activities used another €1.2 billion primarily from reimbursement to financiers and dividend on ordinary and preference shares.
The world of work is changing rapidly. At Randstad they combine the power of today's digital technology with their distinctive human approach, supporting people and organizations in realizing their true potential. They aim to be the trusted advisor for talent in all steps of their working lives and the trusted HR partner for their clients in all their talent needs, creating long-term value for all their stakeholders. Their strategy centers around three pillars that reinforce each other: digital, operational excellence, and accelerating growth.
The company strategy also consists of four building blocks: strong concepts, best people, excellent execution and superior brands. These are their responses to the external growth drivers and market trends in their industry. However, these building blocks only work in unison. Strong concepts are of little value without the right people to make them work. Excellent execution is impossible without the right concepts and the best people. And once these blocks come together, you can create the fourth building block: superior brands. Their strategic building blocks enable them to not only serve the interests of their stakeholders, but to create lasting value for all of them - their clients, their employees, their candidates and society at large.
Mergers and Acquisitions
In 2019, the Group acquired 100% of the shares of the Aurec Group (Australia). In addition, it acquired 100% of the shares of Optedis Sas (France), of which the Group already held 5% of the shares. These two acquisitions resulted in goodwill to the amount of € 13 million.
Frits Goldschmeding founded Randstad Holding as Uitzendbureau Amstelveen near Amsterdam in 1960. Originally part of a student project, the company turned a small profit its first year and was renamed Randstad Uitzendbureau in 1964. ("The Randstad" is the densely populated area including Amsterdam, Rotterdam, and the Hague.)
By 1970 Randstad had 32 branches in four countries, including Germany and the UK. The company was recast as Randstad Holding in 1978. In 1985 Randstad celebrated its silver anniversary with 250 branches.
The company went public in 1990, listing its shares on the Amsterdam Stock Exchange. That year it moved its headquarters to the Amsterdam suburb of Diemen.
In 1993 Randstad entered the US market. By 1997 the company had more than 1,000 branches in Europe and North America.
3625 Cumberland Blvd SE STE 60
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Phone: 1 (770) 937-7000
Employer Type: Privately Owned
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