Manpowergroup Stock Price, News & Analysis

ManpowerGroup (NYSE: MAN) released its 2023 Q1 Employment Outlook Survey, indicating a strong hiring intent despite economic uncertainties. The Net Employment Outlook (NEO) is at +29%, a 4% decline from the previous quarter and a 12% drop year-over-year. IT remains the leading sector with an outlook of +52%. However, some sectors like Transport and Communication Services show weak hiring prospects. The strongest regional hiring intentions are in the Northeast (50% of employers), while large organizations (250+ employees) show a more optimistic hiring outlook compared to smaller firms.

The Q1 2023 ManpowerGroup Employment Outlook Survey reveals a Net Employment Outlook of +23%, indicating ongoing demand for talent despite economic challenges. The strongest hiring intentions are in Panama (+39%), Costa Rica (+35%), and Canada (+34%), while Hungary (-8%) and Poland (-2%) show the weakest outlooks. The IT sector leads with a +35% outlook, although overall hiring is down compared to previous quarters. Regional variations exist, with North America (+31%) and Central/South America (+28%) showing optimism, while EMEA reports the lowest at +18%.

ManpowerGroup (NYSE: MAN) announced it will release its 4th quarter earnings results before the market opens on January 31, 2023. A live webcast to discuss these results will be held at 7:30 a.m. Central Time the same day. The replay of the webcast will be available starting at 10:30 a.m. Central Time and will remain accessible for 30 days. This announcement emphasizes the company’s commitment to transparency and stakeholder engagement as it reports on its financial performance.

UiPath, Inc. (NYSE: PATH) reported third-quarter fiscal 2023 results with a 36% year-over-year growth in Annual Recurring Revenue (ARR), reaching $1.110 billion, and net new ARR of $67 million. Revenue increased 19% year-over-year to $262.7 million. The company achieved a 126% dollar-based net retention rate, but reported a GAAP operating loss of $(67 million). For Q4 2023, UiPath anticipates revenue between $277 million and $279 million and ARR of $1,174 million to $1,176 million.

The ManpowerGroup's 2022 Total Workforce Index™ ranks the U.S., Singapore, and Canada as the top markets for talent acquisition, analyzing over 200 factors including workforce availability, regulatory environments, and productivity. The report highlights that 75% of companies face talent shortages, marking a 16-year high. New factors introduced include cost of living indices and wage inflation rates. The report emphasizes the need for companies to adapt to a digital economy by becoming employers of choice and focusing on younger talent pools to navigate the competitive job landscape.

ManpowerGroup has launched a national Registered Apprenticeship Program for Cybersecurity Analysts, addressing the significant national cyber talent shortage. This initiative, part of a White House-sponsored project, will be managed by Experis, ManpowerGroup's IT brand. The program allows apprentices to learn at their own pace while earning recognized credentials. With a proven success rate, companies using apprenticeships report an average $1.47 return on every $1 invested. This move aims to enhance the workforce's skills amid escalating cybersecurity demands.

ManpowerGroup (NYSE: MAN) has elected Muriel Pénicaud to its Board of Directors, effective December 12, 2022. Pénicaud, former French Ambassador to the OECD and Minister of Labor, brings extensive knowledge of global labor markets and leadership experience in the consumer goods sector. Her roles include CEO of Business France and Senior Executive VP of Danone, focusing on HR. Pénicaud’s appointment aims to strengthen the company’s commitment to sustainability, inclusivity, and workforce development, aligning with its global strategy to deliver stakeholder value.

The Board of Directors of ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $1.36 per share. This dividend is payable on December 15, 2022, to shareholders of record as of the close of business on December 1, 2022. ManpowerGroup, a leader in global workforce solutions, continues to demonstrate commitment to its shareholders through consistent dividend payments. The company has been recognized for its ethical practices and diversity initiatives, further enhancing its reputation in the workforce industry.