Manpower Inc. (MAN), one of the leading employment services provider and Microsoft Corporation (MSFT), the software giant, recently formed a coalition to promote youth employment and to create opportunities for the next generation leaders across the globe.
As per the MoU, teamwork will start in the Middle Eastand Africa, the part of the world having the maximum number of unemployed people.
The partnership will work toward finding a solution for one of the most critical challenge our society is facing today, which is unemployment. Meanwhile, the program will also nurture the talent of the individuals or communities to create a healthy and self-sufficient society.
Moreover, the expertise of both the companies will help in crafting an enhanced program for the youth to facilitate them in converting their liveliness into an organic commotion, which in turn, will remove the income inequalities and reduce regional disparities.
Additionally, Manpower and Microsoft have teamed up with new partners to build up a program for next generation leaders involving technological inventiveness coupled with business expansion expertise.
The duo will also chip in together to educate, guide and provide professional supervision while developing innovation programs for youth across the globe.
Microsoft, the giant among the software companies, creates societal and profitable prospects through technological inventiveness, which in turn, contributes significantly to the success of the society. Further, the company’s pledge toward being a good corporate citizen reflects in its recent alliance with Manpower.
Founded in 1948 and headquartered in Milwaukee, Wisconsin, Manpower is the global leader in employment services industry and commands a well-established network of nearly 4,000 offices in 82 countries.
Manpower’s comprehensive range of services makes the company 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.
Further, the company’s brand value and strong global network provides a competitive advantage to the company and reinforces its dominant position in the market. Moreover, Manpower benefits from growth prospects in under penetrated staffing markets of Italy, Germanyand the Nordic region, and has significant operations in high-growth emerging markets of India, Chinaand Eastern Europe. Consequently, the company has a strong upside potential
However, the employment services industry is highly competitive with limited barriers to entry, and Manpower faces stiff competition in both domestic and international markets from other established players, such as Randstad and Kelly Services Inc. (KELYA). An intense competition may limit the company’s market share and profitability
After evaluating the pros & cons, we prefer to maintain a long-term Neutral’recommendation on the stock. Moreover, Manpower holds a Zacks #3 Rank, which translates into a short-term Hold rating.
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