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 Adecco). It operates primarily in Europe, but also in Asia and North America, under the Randstad brand and several others, including Monster (US), Yacht (industrial staffing), and Tempo-Team (general staffing). Through more than 4,850 locations in some 40 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 job positioning and resume services.
Randstad makes more than 200,000 permanent placements annually.
Randstad has more than 4,850 locations in around 40 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 10%.
Sales and Marketing
Randstad serves clients from multi-national blue-chip firms and government agencies to consulting firms and small- to midsized companies.
Randstad's revenue and net income have been steadily climbing for the past five years.
In 2017, revenue increased 13% to €23.3 billion. All four segments saw growth that year. The largest segment, staffing, had 6% growth thanks to a push in increasing permanent job placements. The in-house services segment rose 18%, while the professionals segment rose 4% and the global businesses segment rose 11%. Sales in Europe had double-digit growth; Germany's sales increased 19% while Italy's rose 49%. Sales in North America remained flat due to a scarcity in labor supply in the US.
With the higher revenue, net income rose 8% to €618.8 million that year.
The company ended 2017 with a negative cash balance of €386.2 million, versus a negative balance of €52.8 million at the end of 2016. Operating activities provided €688.1 million in net cash while investing activities -- largely acquisitions -- used €457.4 million. Financing activities used another €557.2 million.
After going through an acquisitive period to grow its business, Randstad now plans to scale back and instead grow through organic measures. Digital and data initiatives are at the forefront of its strategy. The company is centralizing its data centers and networks in order to build a solid digital foundation. New tools being rolled out include the self-service Workforce Scheduling platform and a video interviewing and assessment product.
The company's 2016 acquisition of US unit Monster has negatively impacted North American sales, but Randstad remains committed to the business and expects Monster to deliver growth going forward. To turn that unit around, the company plans to invest in its branding and technology.
European operations had double-digit growth in 2017, but those numbers slowed down the following year due to a slowdown in Europe's main markets.
Randstad is also exploring ways to expand in Japan.
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 STE 600
Atlanta, GA 30339-3361
Phone: 1 (770) 937-7000
Employer Type: Privately Owned
Managing Director: Adam Bilinski
Partner: Mears Jana
Managing Director: Anjanette Johnson
Employees (This Location): 404
Employees (All Locations): 225,700
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