Adecco (NYSE:ADO)
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From May 2019 to May 2024
In advance of the New York state unemployment report,
Adecco (NYSE:ADO), the staffing industry's market leader in the U.S.
and the world, today announced it is seeing increased demand for
employees throughout Long Island, especially in the financial services
and recruiting industries. The Long Island area is one of the many
locales across the country where Adecco is responding to a growing
need for contingent workers from employers in a variety of industries.
Lori Farley-Toth, Adecco area vice president for Long Island,
says, "We are still seeing high demand in financial services for the
three A's: accountants, analysts and auditors." In a nod to the
improving Long Island job market, Farley-Toth added, "HR positions are
booming. Many companies are hiring recruiters right now for both
temporary and permanent workers. I think as we came out of the
recession, companies started seeing their customer base pick up and
they had no time to train, so they turned to staffing firms and
recruiters to find exact job matches in a hurry. Now they are adding
internal resources in the next step toward growth."
Farley-Toth adds, "Job seekers should take note that in addition
to traditional temporary hiring, Adecco branches are receiving more
requests for direct hire candidates. In addition, many people on
long-term temporary assignments are being hired full time by the
client." People to fill temp-to-hire administrative assistant and data
entry positions in a wide variety of industries, including mortgage
brokering, the manufacture of business products and personal care
products, and distribution centers, are in high demand from companies
on Long Island.
Farley-Toth notes, "This has been a great year for temporary
staffing so far. According to the Bureau of Labor Statistics, the
nation's temporary staffing industry grew 6.9% from April 2004 to
April 2005. Adecco is seeing similar percentage growth in the number
of associates we're placing on Long Island."
Adecco releases its "Where the Jobs Are" report in advance of the
state unemployment reports to provide more depth and breadth to the
employment picture in selected regions. The report is based on
interviews with Adecco recruiters across the country and consists of
press releases that report on hiring trends in regions experiencing
employment growth. The trends in these regions are not intended to be
indicators of nationwide trends.
Forward-Looking Statements
Information in this release may involve guidance, expectations,
beliefs, plans, intentions or strategies regarding the future. These
forward-looking statements involve risks and uncertainties. All
forward-looking statements included in this release are based on
information available to Adecco S.A. (the "Company") as of the date of
this release, and we assume no duty to update any such forward-looking
statements. Factors that could affect the Company's forward-looking
statements include, among other things: global GDP trends and the
demand for temporary work; changes in regulation of temporary work;
intense competition in the markets in which the Company competes;
changes in the Company's ability to attract and retain qualified
temporary personnel; the resolution of US state unemployment tax
reviews; the resolution of a French anti-trust investigation; the
resolution of the US class action litigation and remaining regulatory
inquiries relating to the 2003 financial reporting delay; and any
adverse developments in existing commercial relationships, disputes or
legal proceedings.
The forward-looking statements in this release are not guarantees
of future performance and actual results could differ materially from
our current expectations. Numerous factors could cause or contribute
to such differences. Please refer to the Company's most recent Annual
Report on Form 20-F and other reports filed with or submitted to the
United States Securities and Exchange Commission from time to time,
for a further discussion of the factors and risks associated with our
business.
About Adecco
Adecco S.A. is a Forbes 500 company and the global leader in HR
solutions. The Adecco Group network connects up to 700,000 associates
with business clients each day through its 30,000 employees and 6,000
offices in 70 territories around the world. Registered in Switzerland,
and managed by a multinational team with expertise in markets spanning
the globe, the Adecco Group delivers an unparalleled range of flexible
staffing and career resources to corporate clients and qualified
associates.
The Adecco Group comprises three Divisions: Adecco Staffing,
Ajilon Professional and LHH Career Services. In Adecco Staffing, the
Adecco network focuses on flexible staffing solutions for global
industries in transition, including automotive, banking, electronics,
logistics and telecommunications; Ajilon Professional offers an
unrivaled range of specialized branded businesses; LHH Career Services
encompasses our portfolio of outplacement and coaching consultancy
businesses.
Adecco Staffing USA serves more than 70,000 clients a year through
a nationwide network of almost 1,100 points of sales and service. With
headquarters in Melville, NY, Adecco employs about 3,100 full-time
employees and places more than 130,000 temporary associates each week.
Adecco USA is a member of the American Staffing Association, an
organization that promotes legal, ethical, and professional practices
for the staffing industry.
Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) and
listed on the Swiss Stock Exchange with trading on Virt-x
(SWX/VIRT-X:ADEN), the New York Stock Exchange (NYSE:ADO) and Euronext
Paris - Premier Marche (EURONEXT: ADE).
Additional information is available at www.adeccousa.com.