ManpowerGroup 2007 Annual Report Download - page 8

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11%
10%
9%
8%
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6%
5%
4%
Our newest services, which have been developed organically, made
terrific progress in 2007 as the complexity and speed of the talent
market accelerates and clients are looking for answers — answers that
yield results. Our permanent recruitment services in particular, which
increased revenue 34 percent in constant currency in 2007, are one of
the answers to these complex issues. We added 900 permanent
recruiters, bringing us to a total of 3,600 recruiters worldwide, which
contributed to us placing over 127,000 people in permanent jobs in
2007. And we expect to add more recruiters in 2008 to meet the
continuing demand for these services in virtually every market across
our network.
Another service that is gaining momentum is Manpower Business
Solutions (MBS), where we take on the management of customized,
large-scale recruiting and workforce-intensive initiatives for our clients.
Over several years, we have developed expertise in outcome-based
pricing engagements that have high visibility and impact for our clients.
Our ability to manage and staff vital business functions for our clients,
whether they are located on-site at the client location or elsewhere, is
second to none in delivering quality service and improving efficiency.
The myriad of opportunities for MBS extends to everything from managing
and staffing call centers in the Netherlands to setting up, managing and
staffing a parts planning and delivery coordination center in Hungary.
Our recruitment process outsourcing service, where the entire recruitment
process is managed by us, is also extremely popular with our clients,
as we can perform the recruitment function more efficiently than they
can internally. MBS is a natural extension of our client relationships.
Manpower Professional is an area that has not grown at the pace that
satisfies us. However, we are encouraged by the great performances we
saw in our professional staffing services in the EMEA and Asia regions.
Our Elan brand, which provides IT staffing across Europe, surpassed $1
billion in business for the first time, increasing revenue by 35 percent in
2007, or 24 percent in constant currency. We know there is potential
to do much more with our professional staffing services, as our clients
are increasingly asking for these services in more markets and with
more capability, so that we can provide the talent they need in their
organizations. We’re looking forward to a strong 2008 for this business.
5
Shareholder’s Letter
Permanent Recruitment Gross Profit
as a % of Total Gross Profit
2003 2007
Our Elan brand,
which provides
IT staffing
across Europe,
surpassed $1
billion in business
for the first
time, increasing
revenue by
35% in 2007,
or 24% in
constant currency.