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The Adecco Group AG (symbol: AHEXY), headquartered in Zurich, Switzerland, is the world's leading talent advisory and solutions company. With a mission to make the future work for everyone, the Adecco Group operates through three global business units—Adecco, Akkodis, and LHH—across 60 countries. The company provides comprehensive workforce solutions including flexible placement, permanent placement, outsourcing, and managed services to various sectors.
Core Business: Adecco focuses on connecting talent with opportunities. They offer digital and engineering solutions to drive the Smart Industry transformation and help organizations optimize their workforce. Their services support sustainable and lifelong employability for individuals, fostering resilient economies and communities.
Recent Achievements: In February 2023, the Adecco Group welcomed Geno Cutolo as the Head of Adecco North America. With over two decades of experience, Cutolo is expected to drive the company's regional growth. In March 2023, Adecco released its 2022 Annual Report, showcasing their robust financial performance and strategic initiatives aimed at continuous improvement.
Current Projects: LHH, a global business unit of Adecco, launched the International Center for Executive Options (ICEO) Executive Mentoring program. This innovative peer-to-peer service connects current executives with former industry leaders to navigate the evolving business landscape effectively. The program addresses unique professional challenges such as digital transformation, executive burnout, and skills gaps.
Partnerships and Financial Condition: Adecco maintains a strong network of partnerships globally, leveraging local expertise with global infrastructure. Their financial reports indicate a stable growth trajectory, supported by strategic acquisitions and diversified service offerings.
Commitment to Inclusivity: The Adecco Group is dedicated to fostering an inclusive culture. They are actively involved in diversity, equity, and inclusion initiatives, supporting disadvantaged youth and promoting sustainable employability.
For more information, investors can refer to their financial calendar for upcoming results and annual reports.
Akkodis, a global digital engineering company, has acquired Raland Compliance Partners, a US-based specialist in quality and regulatory compliance services for the Life Sciences industry. Founded in 2002 and headquartered in Chicago, Raland has built a strong reputation serving pharma, biotech, and medical device sectors over 23 years.
The acquisition aims to strengthen Akkodis's footprint in the Life Sciences industry and expand its consulting services capabilities both in the US and globally. Raland brings expertise in medical consulting services and maintains an international client portfolio. The transaction, which closed earlier this month, represents a strategic move to enhance Akkodis's service offerings and deliver greater value to clients worldwide.
Akkodis, a global digital engineering company, has been recognized as an 'Enterprise Innovator' in the HFS Horizons: Sustainability Services, 2024 report. The study, which evaluated 25 service providers, highlighted Akkodis' integration of AI, GenAI, IoT, and blockchain across its sustainability solutions as key differentiators.
The report emphasizes Akkodis' strong focus on circular economy principles and extended producer responsibility, including resource reuse and recycling. The company's commitment to diversity and inclusion, particularly in healthcare, manufacturing, and the gig economy sectors, was also noted. The study acknowledges Akkodis' growth in sustainability services across various industries and its partnerships with firms like Salesforce, Microsoft, and Siemens.
According to Jan Gupta, Akkodis President, the company's sustainability offerings deliver key outcomes such as reduced lifecycle emissions, improved resource efficiency, CO2 tracking, and better regulatory compliance, while maintaining their 'Tech for Good' philosophy.
Akkodis, a global digital engineering company, has been recognized as a leader in the 2024 Zinnov Zones for ER&D and Digital Engineering Services Ratings for the second consecutive year. The company received accolades in eight categories, including Overall Digital Engineering, Overall ER&D Services, Aerospace, Automotive, EV, Digital Engineering and ER&D Services – Europe, Data and AI Engineering, and Generative AI Engineering.
Jan Gupta, President of Akkodis, expressed honor at the recognition, highlighting the company's commitment to incorporating cutting-edge technologies into solutions that help transform global enterprises. Sidhant Rastogi, President of Zinnov, praised Akkodis for its robust global delivery network, successes in e-mobility projects, and strategic partnerships in IoT. The company's focus on innovation and investments in areas such as Cybersecurity, Software-Defined Vehicles, and sustainability initiatives have further solidified its leadership position.
Akkodis, a global digital engineering company, has released a study titled 'What CTOs Think: Navigating the Path to the AI Enterprise'. The report, based on a survey of 2,000 C-suite leaders across 9 countries and 18 sectors, reveals insights into the challenges and opportunities in digital transformation. Key findings include:
1. CTOs see 'catalyzing business growth' as a top benefit of digitalization.
2. 60% of CTOs believe their organization's leadership lacks sufficient AI skills.
3. Only about half of organizations offer AI usage guidance and ethical data use frameworks.
4. CTOs anticipate widening digital skill gaps and increasing wages for technical staff.
5. There's a need to balance building, buying, and renting talent, with a focus on upskilling existing employees.
The study emphasizes the importance of cross-departmental collaboration and addressing skill gaps to successfully transform into an AI-powered enterprise.
The Adecco Group has released its 2022 Annual Report, available on the company's website. The report provides insights into the group's financial performance and operational strategies across its business units: Adecco, Akkodis, and LHH. Upcoming dates of importance include the Annual General Meeting on April 12, 2023, the Ex-Dividend date on April 18, 2023, and quarterly results for 2023 scheduled for May 4, August 3, and November 2. The Adecco Group continues its mission to enhance sustainable employment and support organizations globally.
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