The management of the Adecco Group, the worldwide leader in human resource services, provides a strategy update and outlook at the Adecco Strategy Days in Valencia, Spain. The future strategy towards the traditional Office and Industrial staffing sectors will be one of specialization and cost leadership in order to secure Adecco's global market leadership. In the professional staffing sector the emphasis will be on increased candidate retention, competencies and skills.
"We see the staffing industry at an interesting turning point. There is an increasingly strong global demand for both flexible and skilled labour, to the extent that skills shortages are becoming a serious problem. We will meet the demand for flexibility and skills by focusing not only on recruitment but also on training and continuous learning", says Dieter Scheiff, Adecco Group CEO.
Adecco reiterates its objective of revenue growth of at least 7-9% per annum on average for the coming years provided there are no material changes to the macroeconomic environment. At the same time management continues to be confident that the focus on professional business fields and the specialization of the Office and Industrial business will allow Adecco to continuously improve operating income margin to over 5% by 2009. Related to the introduction of an economic value added concept and to better reflect the group's focus on the combination of revenue growth, profitability and invested capital, Adecco aims to improve return on capital employed (ROCE) to above 25% by 2009.
See full Press Release.
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