ManpowerGroup - MAN STOCK NEWS

ManpowerGroup's Talent Solutions has released its 11th annual Total Workforce Index™ (TWI), revealing shifts in the global talent landscape. The TWI evaluates over 200 factors across 64 global labor markets, introducing new measures for AI, sustainability, peace, and stability. Key findings include:

- The United States, Singapore, and Canada retain the top three spots for the fourth consecutive year.
- China enters the top ten for the first time, driven by population growth, a large tech workforce, and innovation factors.
- The United Arab Emirates rises to seventh place, boosted by high tertiary education rates and innovation investments.
- Israel drops from fifth to 14th due to new metrics addressing political violence risk.

The TWI serves as a important tool for business leaders to make data-driven decisions in an increasingly tech-driven and volatile world.

Talmix, a leader in digital talent marketplaces, and Talent Solutions TAPFIN, a ManpowerGroup (NYSE: MAN) subsidiary, have announced a strategic partnership to integrate Talmix's business talent marketplace into TAPFIN's global client programs. This collaboration aims to revolutionize the staffing industry by combining new and traditional approaches, offering clients wider choice and flexibility.

Key benefits include:

• Extended reach into new regions and talent categories for TAPFIN programs
• Access to Talmix's curated global network for TAPFIN clients
• Better control over 'rogue spend' traditionally outside MSP programs
• On-demand availability of high-quality talent through marketplace advantages

This partnership marks Talmix as TAPFIN's first MSP partner, positioning marketplaces as a important component of the talent industry ecosystem and reshaping enterprise access to top talent globally.

The ManpowerGroup Employment Outlook Survey for Q4 2024 reveals a global Net Employment Outlook (NEO) of 25%, up 3% from Q3 but down 5% year-over-year. North America leads with a 32% Outlook, followed by Asia Pacific (27%), South and Central Americas (23%), and EMEA (21%). The IT sector shows the strongest hiring intentions at 35%, with Financials & Real Estate at 32%. Larger organizations (250-999 employees) report the highest Outlook at 32%. India (37%), Costa Rica (36%), and the United States (34%) have the strongest hiring plans globally. While quarter-over-quarter improvement shows cautious optimism, the year-over-year decline suggests ongoing economic uncertainties affecting hiring plans.

Manpower, a global staffing firm part of ManpowerGroup (NYSE: MAN), is opening job hubs in seven Walmart stores across the US. The first two locations will launch on September 13 in Sturtevant, Wisconsin and High Point, North Carolina. Five more hubs are planned to open between late September and early November in various states.

These job hubs aim to provide convenient access to employment opportunities for both active job seekers and casual shoppers. Manpower's Senior VP, Rajesh Namboothiry, emphasized the company's commitment to meeting talent where they are and improving the connection between job seekers and employers. Walmart's Senior Director, Tené Green, highlighted the initiative's alignment with their goal of enhancing customers' shopping experience and quality of life.

Jefferson Wells, part of ManpowerGroup (NYSE: MAN), has released its 2024 Internal Audit Priorities Survey. The survey highlights cybersecurity and Generative AI as top concerns for internal audit leaders. Key findings include:

- Only 26% of organizations have fully integrated Generative AI standards into their governance framework
- 37% of organizations plan to increase staff to meet demand for technology skills
- Business transformation and IT deployment risks require advanced skillsets in cybersecurity, data analytics, IT audit, and Generative AI

Tim Lietz, National Practice Leader for Risk & Compliance at Jefferson Wells, emphasizes the critical need for Internal Audit functions to adapt to AI and cybersecurity advancements, suggesting the expansion of capabilities and leveraging external expertise to address skill gaps.

Talent Solutions, part of ManpowerGroup (NYSE: MAN), has been recognized as a Leader in Recruitment Process Outsourcing (RPO) for North America, EMEA, and Asia Pacific in the Everest Group PEAK Matrix® Assessment 2024. The company also achieved Star Performer status in the EMEA region. Everest Group highlighted Talent Solutions' strong vision, comprehensive expertise, and innovative approach as key factors in its leadership position.

The assessment praised Talent Solutions' investments in advanced labor market analytics and technology solutions, including the PowerSuite™ ecosystem and Sophie by ManpowerGroup℠. The company's strengths across regions include robust delivery capabilities, deep domain expertise, and exceptional flexibility in crafting solutions for diverse market needs.

ManpowerGroup (NYSE: MAN) has been recognized as one of the World's Most Sustainable Companies by TIME Magazine, ranking 96th out of 500 companies with a score of 70.48. As the top performer in the workforce solutions industry, ManpowerGroup's commitment to sustainability is evident in its comprehensive approach and ambitious goals.

The company focuses on five key areas: increasing renewable energy use, decarbonizing commutes, electrifying fleet, promoting eco-responsible business travel, and scaling impact through the supply chain. This recognition follows other recent accolades, including being named one of the World's Most Ethical Companies for the 15th time and achieving a Platinum medal in the 2023 EcoVadis assessment.

ManpowerGroup's sustainability efforts are further validated by its B rating in the 2023 CDP ratings and its position as the first company in its industry to have 2030 emission reduction goals validated by the Science Based Targets initiative (SBTi).

ManpowerGroup (NYSE: MAN) reported its Q2 2024 results with revenues of $4.5 billion, a 7% decrease (3% in constant currency) from the prior year. Net earnings were $60.1 million or $1.24 per diluted share, compared to $65.2 million or $1.29 per share in Q2 2023. Excluding losses from Proservia Germany, earnings were $1.30 per share.

The company faced a challenging environment in North America and Europe, while experiencing solid demand in Latin America and Asia-Pacific. Gross profit margin was 17.4%, with staffing margins remaining solid. SG&A costs were reduced by 9% (7% in constant currency). ManpowerGroup repurchased $27 million of common stock during the quarter.

For Q3 2024, the company anticipates diluted earnings per share between $1.25 and $1.35, including an estimated unfavorable currency impact of 5 cents.

ManpowerGroup (NYSE: MAN), a global leader in workforce solutions, is set to release its 2nd quarter 2024 earnings results on July 18, 2024, before the market opens.

Management will discuss these results in a live webcast at 7:30 a.m. Central Time, which will be accessible via the company's website.

The webcast will be available for replay from 10:30 a.m. Central Time on the same day and will remain accessible for 30 days.

Supplemental financial information and the earnings press release will also be available on the company's website after 7:30 a.m. Central Time on July 18, 2024.