Manpower in Neutral Lane – Analyst Blog

Manpower Inc.’s (MAN) comprehensive range of services makes it a true global staffing firm. The company provides services for the entire employment and business cycle including permanent, temporary and contract recruitment, employee assessment and selection, training, outplacement, outsourcing and consulting.

 

The company’s brand value and strong global network provides a competitive advantage to the company and reinforces its dominant position in the market. Manpower leverages a strong network of 3,950, offices spanning across 82 countries and serving approximately 400,000 clients.

 

Manpower benefits from growth prospects in under penetrated staffing markets. The company posted a revenue growth of 12.5% year over year in first-quarter 2010. Management now expects a total revenue growth of 16% to 18% in constant currency for the second quarter.

 

With improvement in the economic conditions, the company’s staffing business is also stabilizing. However, Manpower’s Right Management and Jefferson Wells brands continue to struggle. Right Management witnessed a fall in demand for the counter-cyclical outplacement services, whereas Jefferson Wells that offers professional financial services continues to portray a sluggish demand as companies still remain conscious of discretionary spending.