Manpowergroup Stock Price, News & Analysis

Experis, part of ManpowerGroup (NYSE: MAN), released a report highlighting the urgent need for innovative talent strategies in a fast-evolving IT landscape. The study reveals a growing need for soft skills, often overlooked in recruitment processes, despite their importance amidst rising demand for technical talent. The survey of 40,000 employers indicates that many hiring challenges stem from candidates lacking technical and soft skills. Organizations are urged to reskill existing employees, adopt data-driven recruitment strategies, and embrace diversity to tap into underutilized talent pools.

ManpowerGroup Talent Solutions has been recognized as a global leader in Recruitment Process Outsourcing (RPO) for the 12th consecutive year by the Everest Group, highlighting its strong global presence and diverse service offerings. Notably, it has been acknowledged as a top performer in EMEA. The recognition stems from its extensive investments in technology and analytics, including the IntelliReach platform. This accolade comes amidst ongoing global talent shortages, reinforcing Talent Solutions' role in helping organizations navigate a challenging recruitment landscape.

The ManpowerGroup Employment Outlook Survey reveals a Net Employment Outlook of 38% for Q3, indicating a strong hiring climate amid economic challenges. 59% of IT employers anticipate adding staff, with 45% in Banking/Finance/Insurance & Real Estate. Optimism is highest in the Northeast (43%) and West (42%) regions. Only 12% of employers foresee workforce reductions, down from previous quarters. This period marks the 60th consecutive year of the survey, underscoring ongoing labor demand despite inflationary pressures.

ManpowerGroup reports a notable rise in global hiring optimism, with a Net Employment Outlook of +33% for Q3 2022, an increase of 18% year-over-year. The survey, covering over 40,000 employers across 40 countries, indicates significant talent shortages, impacting 75% of employers. The strongest hiring prospects are noted in Mexico (+59%), Brazil (+54%), and India (+51%), while Greece (-1%) and Taiwan (+3%) are the weakest. Key sectors facing talent shortages include IT, Education, and Health.

ManpowerGroup (NYSE: MAN) is returning as the official HR partner of Viva Technology for the sixth consecutive year, hosting the #WorkingToChangeTheWorld Lab in Paris from June 15-18, 2022. The event focuses on sustainable employment and digital transformation. ManpowerGroup will feature its Talent Center for job coaching and a Startup Challenge with 21 finalists addressing HR challenges. The company emphasizes the importance of ethical AI in talent management and aims to improve workforce practices through tools like the Talent Sustainability Quotient (TSQ).

ManpowerGroup (NYSE: MAN) declared a semi-annual dividend of $1.36 per share, marking a 7.9% increase from the previous dividend of $1.26. The dividend will be payable on June 15, 2022, to shareholders on record as of June 1, 2022. This decision reflects the company’s commitment to returning value to shareholders amidst its global workforce solutions operations.

ManpowerGroup reported a 4% increase in revenue for Q1, reaching $5.1 billion, with a gross profit margin of 17.4%. The company experienced significant growth in higher-margin brands: Experis surged by 31% and Talent Solutions by 10%. Earnings per share rose sharply to $1.68, up from $1.11 year-over-year, despite integration costs and losses from the Russia sale impacting results. The guidance for Q2 earnings per share is set between $2.31 and $2.39.

ManpowerGroup (NYSE: MAN) announced the release of its 1st quarter 2022 earnings results on April 19, 2022, before market opening. A live webcast will be available at 7:30 a.m. CT to discuss the results, with a replay accessible from 10:30 a.m. CT the same day for 30 days. ManpowerGroup continues to lead in workforce solutions, serving businesses globally with skilled talent while promoting diversity and ethical work practices.