ManpowerGroup - MAN STOCK NEWS

Experis has announced its virtual recruiting event "Disrupt the Layoffs" scheduled for March 8-9, targeting 50,000 IT job seekers. This initiative aims to counter the narrative of mass tech layoffs, showcasing that numerous companies still seek skilled talent. Experis, a leader in IT talent placement, places around 15,000 individuals in suitable jobs annually and connects talent with leading firms across various sectors. Participants can find tailored opportunities through Experis's streamlined recruitment process, benefiting from support for both permanent and temporary roles.

ManpowerGroup (NYSE: MAN) is accepting submissions for the 2023 Viva Technology Startup Challenges, addressing key HR tech issues. Three challenges focus on rethinking the employee experience, climate awareness and ethical AI, and developing future skills. The goal is to crowdsource innovative solutions to enhance workplace culture and promote sustainable practices. Submissions are open until March 3, with selected startups announced on April 20. Winners will present at the VivaTech event in Paris, scheduled for June 14-17. This initiative underscores ManpowerGroup's commitment to shaping the future of work.

ManpowerGroup reported a revenue of $4.8 billion for Q4 2022, reflecting an 11% decline compared to the previous year. The net earnings for the quarter were $48.7 million or $0.95 per diluted share, down from $111.1 million or $2.02 a year earlier. Factors contributing to the downturn included a non-cash goodwill impairment charge of $50 million and restructuring costs that reduced EPS by $1.13. Excluding these costs, EPS was $2.08, indicating an 8% increase in constant currency. The company anticipates Q1 diluted EPS between $1.61 and $1.71.

Experis, part of ManpowerGroup (NYSE: MAN), has inaugurated a state-of-the-art Offshore Delivery Center in Bengaluru, India, to address the growing demand for IT talent amid a reported 76% difficulty in hiring skilled workers by IT employers. The Center is designed to enhance the recruiting and project delivery support for global clients around the clock. Currently, it employs 500 recruitment professionals, with a target to scale to 2,000 within two years. This facility, equipped with the Power Suite platform leveraging AI, aims to meet the shifting talent demands while supporting both enterprise and small clients primarily in the U.S.

ManpowerGroup's 2023 trends report, "The New Human Age," highlights key factors shaping the future of work, based on insights from over 21,000 workers and decision-makers across eight countries. Major findings indicate that technological advancements are essential but human skills remain crucial. The report identifies talent shortages, a generational shift in workforce expectations, and the impact of remote work on career progression as critical issues. As Gen Z emerges, employers are urged to adapt their hiring practices, focusing more on skills than traditional qualifications to attract diverse talent.

ManpowerGroup (NYSE: MAN) released its 2023 Q1 Employment Outlook Survey, indicating a strong hiring intent despite economic uncertainties. The Net Employment Outlook (NEO) is at +29%, a 4% decline from the previous quarter and a 12% drop year-over-year. IT remains the leading sector with an outlook of +52%. However, some sectors like Transport and Communication Services show weak hiring prospects. The strongest regional hiring intentions are in the Northeast (50% of employers), while large organizations (250+ employees) show a more optimistic hiring outlook compared to smaller firms.

The Q1 2023 ManpowerGroup Employment Outlook Survey reveals a Net Employment Outlook of +23%, indicating ongoing demand for talent despite economic challenges. The strongest hiring intentions are in Panama (+39%), Costa Rica (+35%), and Canada (+34%), while Hungary (-8%) and Poland (-2%) show the weakest outlooks. The IT sector leads with a +35% outlook, although overall hiring is down compared to previous quarters. Regional variations exist, with North America (+31%) and Central/South America (+28%) showing optimism, while EMEA reports the lowest at +18%.

ManpowerGroup (NYSE: MAN) announced it will release its 4th quarter earnings results before the market opens on January 31, 2023. A live webcast to discuss these results will be held at 7:30 a.m. Central Time the same day. The replay of the webcast will be available starting at 10:30 a.m. Central Time and will remain accessible for 30 days. This announcement emphasizes the company’s commitment to transparency and stakeholder engagement as it reports on its financial performance.