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.
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Experis®, a leader in IT professional resourcing, partners with ClearDATA® for healthcare cloud security solutions. The collaboration aims to enhance cloud data security and compliance in healthcare, offering cutting-edge solutions to mitigate breach risks and ensure HIPAA compliance.
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ManpowerGroup has been honored as one of the World's Most Ethical Companies® by Ethisphere for the 15th time, showcasing exceptional leadership in ethics, compliance, and governance. The company's commitment to driving positive change globally and promoting access to meaningful work is highlighted by this prestigious recognition.
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Wipro Limited successfully migrates ManpowerGroup's largest data center in Europe to Microsoft Azure, enhancing operational efficiency and sustainability. The project involved migrating over 150 critical IT applications across 15 European countries, resulting in improved resilience, security, and IT controls. The transition to Azure will drive innovation, scalability, and sustainability, reducing ManpowerGroup's carbon footprint.
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Experis and ServiceNow announce a global partnership to address the technology skills gap, aiming to upskill individuals in high-demand digital fields through the Experis Academy. The collaboration focuses on training candidates on cutting-edge tech skills and empowering them to launch thriving digital careers, benefiting candidates, hiring managers, and companies in the tech ecosystem.
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ManpowerGroup reported a challenging operating environment in North America and Europe, leading to a 4% decrease in revenues to $4.6 billion for the fourth quarter of 2023. The company also reported net losses of $1.73 per diluted share, compared to net earnings of $0.95 per diluted share in the prior year period. The financial results were impacted by non-cash charges, restructuring costs, and currency translation losses. Despite these challenges, the company remains confident in its ability to navigate the environment and anticipates diluted earnings per share in the first quarter to be between $0.88 and $0.98.
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ManpowerGroup's report reveals that 70% of employers are recruiting green talent, highlighting the urgent demand for sustainability skills. The findings emphasize the widening global skills gap, with only 1 in 8 workers currently possessing more than one green skill. Energy & Utilities, Information Technology, and Financials & Real Estate are among the industries with the highest intentions to hire green talent. However, roadblocks such as finding qualified candidates and creating effective reskilling programs hinder progress. The report also highlights the generational divide in embracing sustainability efforts, with Gen Z and Millennials showing more enthusiasm compared to Baby Boomers.
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A new study by ManpowerGroup and Cepsa unveils the potential creation of 1.7 million new green jobs in Europe by 2040 thanks to the development of green molecules. The report emphasizes the need to reskill and upskill 60% of professionals to meet the growing green demand. It also highlights the leading countries in green hydrogen production and related employment growth, along with the skills gaps that need to be addressed. The report outlines 10 key proposals to equip professionals for the green hydrogen economy.
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ManpowerGroup (MAN) to Participate in World Economic Forum's Annual Meeting in Davos to Discuss Future of Work and Skills Development
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ManpowerGroup (NYSE: MAN) to Release 4th Quarter Earnings Results on January 30, 2024
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ManpowerGroup (MAN) Employment Outlook Survey for 2024 shows a 26% Net Employment Outlook, up 3% year-over-year, but down 4% from last quarter. Employers expect continued hiring with persistent talent shortages. IT sector has the most optimistic hiring outlook.
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FAQ
What is the current stock price of ManpowerGroup (MAN)?
The current stock price of ManpowerGroup (MAN) is $56.94 as of December 20, 2024.
What is the market cap of ManpowerGroup (MAN)?
The market cap of ManpowerGroup (MAN) is approximately 2.7B.
What services does ManpowerGroup offer?
ManpowerGroup offers services such as recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing, and workforce consulting.
How extensive is ManpowerGroup's global reach?
ManpowerGroup operates in over 80 countries and territories, serving more than 400,000 clients globally.
What brands are part of the ManpowerGroup family?
The ManpowerGroup family includes Manpower, Experis, Right Management, and ManpowerGroup Solutions.
How has ManpowerGroup's financial performance been recently?
For the year ended December 31, 2023, ManpowerGroup reported revenues of $18.9 billion, a 5% decrease from the prior year.
What recent partnerships has ManpowerGroup engaged in?
Experis, part of ManpowerGroup, has partnered with ClearDATA to offer cloud compliance and security solutions for the healthcare sector.
What is ManpowerGroup's approach to technological advancements?
ManpowerGroup focuses on Diversification, Digitization, and Innovation to enhance business operations and ensure future growth.
How does ManpowerGroup help bridge skills gaps in the workforce?
ManpowerGroup offers upskilling and reskilling programs to prepare the workforce for advancements in technology, such as AI and machine learning.
What is ManpowerGroup’s mission?
ManpowerGroup’s mission is to connect people with meaningful, sustainable employment while providing clients with the talent and workforce solutions they need to succeed.
How does ManpowerGroup maintain its ethical standards?
ManpowerGroup has been named one of the world’s most ethical companies for 14 consecutive years, highlighting its commitment to integrity and excellence.
Where can I find more information about ManpowerGroup's latest updates?
You can visit their official website at www.manpowergroup.com for the latest news and updates.
ManpowerGroup
NYSE:MAN
MAN Rankings
MAN Stock Data
2.66B
46.24M
1.45%
103.42%
3.94%
Staffing & Employment Services
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United States of America
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