Welcome to our dedicated page for ManpowerGroup news (Ticker: MAN), a resource for investors and traders seeking the latest updates and insights on ManpowerGroup stock.
ManpowerGroup Inc. (NYSE: MAN) has been a global leader in workforce solutions for over 75 years. Headquartered in Milwaukee, Wisconsin, this company connects over 600,000 individuals daily to meaningful employment opportunities across a broad spectrum of industries. Through its family of brands—Manpower, Experis, Right Management, and ManpowerGroup Solutions—the group serves more than 400,000 clients in 80 countries and territories, addressing critical talent needs by offering comprehensive solutions in recruitment, assessment, upskilling, reskilling, training, career management, outsourcing, and workforce consulting.
ManpowerGroup has earned its reputation for ethical practices and industry leadership, having been named one of the world’s most ethical companies for 14 consecutive years and one of Fortune’s most admired companies. This recognition underscores their commitment to integrity and excellence.
Recent Achievements and Projects:
- In Q4 2023, the company reported a net loss of $1.73 per diluted share, impacted by restructuring costs and non-cash charges. Despite these challenges, excluding these factors, earnings per share were $1.45, representing a decrease of 30% in constant currency from the previous year.
- ManpowerGroup continues to progress in its Diversification, Digitization, and Innovation (DDI) strategy, aimed at enhancing business operations and ensuring future growth.
- Experis, a ManpowerGroup brand, has partnered with ClearDATA to offer advanced cloud compliance and security solutions for the healthcare sector, enhancing their capability to provide top-notch IT solutions.
- ManpowerGroup celebrated its 75th anniversary in 2024 by ringing the closing bell at the New York Stock Exchange, reaffirming its enduring commitment to shaping the future of work.
- The company’s ongoing focus on AI and technology is evident in its active participation in Viva Technology events, where it promotes 'People-First Transformation' to bridge skills gaps and foster an inclusive future of work.
Financial Condition:
For the year ended December 31, 2023, ManpowerGroup reported net earnings of $88.8 million, with revenues at $18.9 billion— a 5% decrease from the prior year. The Southern European region continues to be the largest contributor to its geographical revenue.
Looking ahead, the company anticipates diluted earnings per share for Q1 2024 to range between $0.88 and $0.98, including estimated unfavorable currency impacts and excluding restructuring costs.
For more information on their innovative solutions and latest updates, visit manpowergroup.com.
Experis and Microsoft are set to host a webinar on June 13, 2024, to discuss the impact of AI on the job market. The event, titled 'Supercharging Human Skills: Building Tech Workforces in the Age of AI,' will feature key speakers from ManpowerGroup, Microsoft, IBM, and Inspiration at Work. Topics will include the evolution of tech roles, upskilling strategies, building strategic partnerships, and fostering innovation. Attendees will learn how to integrate AI while leveraging human skills such as creativity and empathy. The webinar is part of Experis’s broader initiative to address the tech industry's skills gap through its Experis Academy.
Talent Solutions, a division of ManpowerGroup (NYSE: MAN), has been named a global leader in Recruitment Process Outsourcing (RPO) by Everest Group for the 14th consecutive year. This sustained leadership is due to the company's strong vision, strategy, and continued investments in innovative solutions.
Key factors contributing to this recognition include Talent Solutions' global presence, comprehensive expertise in talent acquisition, and advanced technology like PowerSuite™, Rapid Recruit, IntelliReach, and ai.m. The company's commitment to innovation in labor market analytics and generative AI also played a important role in retaining its top position.
ManpowerGroup's Chief Commercial Officer Becky Frankiewicz attributes this success to the value delivered to clients, especially in economic uncertainty and talent shortages.
ManpowerGroup will lead discussions on 'People-First Transformation' at Viva Technology 2024 in Paris from May 22-25. The focus is on bridging skills gaps, enhancing human potential, and creating a more inclusive future of work amidst AI-driven changes. An exclusive pre-conference event on May 21 will feature key industry leaders and will cover topics such as humanizing AI, transforming recruiting, and navigating workforce changes due to green transitions and generative AI. Key sessions include 'AI Transformation: Putting People First' on May 22 and 'Leveling the Field: The Power of Diversity in Business' on May 24. ManpowerGroup will also unveil innovative startups from its 2024 Viva Tech Startup Challenge.
Right Management, part of the ManpowerGroup, unveiled its first report in the 'State of Careers' series, titled 'The Engagement Illusion.' Released on May 16, 2024, the report highlights a significant disconnect between leaders' perceptions and the reality of employee engagement and loyalty. Based on surveys of over 400 leaders and 1,000 employees in the U.S. and Canada, findings reveal that 83% of leaders believe their workforce is fully engaged, compared to only 48% of employees. Additionally, while 75% of employees express a desire to stay with their organization, half are open to new opportunities. Mid-career employees are the least engaged and most likely to seek new jobs. The report emphasizes the need for investment in employee development to enhance engagement and retention.
ManpowerGroup, a leading workforce solutions provider, has announced a 4.8% increase in its semi-annual dividend, now totaling $1.54 per share. The dividend is set to be paid on June 14, 2024, to shareholders of record as of June 3, 2024. Investors can access more financial information on ManpowerGroup's website.
ManpowerGroup (NYSE: MAN) will ring the closing bell at the New York Stock Exchange on May 2nd, celebrating its 75th anniversary. The company emphasizes its commitment to connecting people with employment opportunities, adapting to digital transformation, and promoting environmental responsibility. ManpowerGroup offers global workforce solutions across various sectors through its Diversification, Digitization, and Innovation (DDI) strategy. To learn more about their history and future vision, visit their website.
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