The Adecco Group is a
Swiss
Swiss most commonly refers to:
* the adjectival form of Switzerland
* Swiss people
Swiss may also refer to: Places
* Swiss, Missouri
* Swiss, North Carolina
* Swiss, West Virginia
* Swiss, Wisconsin
Other uses
* Swiss Café, an old café located ...
French
French may refer to:
* Something of, from, or related to France
** French language, which originated in France
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Arts and media
* The French (band), ...
company based in
Zürich
Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...
, Switzerland. It is the world's second largest
human resources
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include ' ...
provider and
temporary staffing firm. It is a
''Fortune'' Global 500 company and is listed on the
SIX Swiss Exchange
SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zürich, is Switzerland's principal stock exchange (the other being BX Swiss). SIX Swiss Exchange also trades other security (finance), securities such as Swiss government bonds and deriv ...
.

Services offered by the group include temporary
staffing
Staffing is the process of finding the right worker with appropriate qualifications or experience and recruiting them to fill a job position or role. Through this process, organizations acquire, deploy, and retain a workforce of sufficient quanti ...
, permanent
job placement
An employment agency is an organization which matches employers to employees. In developed countries, there are multiple private businesses which act as employment agencies and a publicly funded employment agency.
Public employment agencies
One ...
, career transition, and
talent development
Training and development involves improving the effectiveness of organizations and the individuals and teams within them. Training may be viewed as being related to immediate changes in effectiveness via organized instruction, while development ...
in the office, industrial, technical, financial, and legal sectors, as well as business process outsourcing and consulting. the company had placed 115,000 workers in full time employment and had 500,000 workers in temporary roles daily.
It operates three global business units: Adecco, Akkodis, and LHH. Its operating brands include Badenoch & Clark, DIS AG,
General Assembly
A general assembly or general meeting is a meeting of all the members of an organization or shareholders of a company.
Specific examples of general assembly include:
Churches
* General Assembly (presbyterian church), the highest court of presby ...
, Innovation Foundation, Lee Hecht Harrison, Modis, Pontoon, Spring Professional, and Yoss.
History
The Adecco Group was formed on 1 January 1997 by the
merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...
of the French company Ecco founded in
Lyon
Lyon (Franco-Provençal: ''Liyon'') is a city in France. It is located at the confluence of the rivers Rhône and Saône, to the northwest of the French Alps, southeast of Paris, north of Marseille, southwest of Geneva, Switzerland, north ...
as Interecco in 1964, and the Swiss company Adia Interim, founded in
Lausanne
Lausanne ( , ; ; ) is the capital and largest List of towns in Switzerland, city of the Swiss French-speaking Cantons of Switzerland, canton of Vaud, in Switzerland. It is a hilly city situated on the shores of Lake Geneva, about halfway bet ...
in 1957 as Adia.
In 2015,
Alain Dehaze
Alain Dehaze (born 1963) is a Belgian business executive who was the former CEO of The Adecco Group. Having previously worked as the Adecco Regional Chief for Northern Europe and France, he joined The Adecco Group in September 2015.
He began his ...
becomes CEO and, in 2022, was succeeded by
Denis Machuel
Denis Machuel (born 19 April 1964) is a French business executive. He is currently the CEO of The Adecco Group, a Human Resources services company.
Early life
Born in 1964 in Reims, Machuel receives an undergraduate degree and a graduate degree ...
as CEO.
Mergers and acquisitions
In September 1997, the company acquired US temporary staffing company TAD Resources International of
Cambridge, Massachusetts
Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, ...
, for $387.5 million.
The company acquired Olsten Staffing in late 1999, and became the largest recruitment company in the U.S., with a combined revenue of €11.6 billion.
UK recruitment company Spring Group was acquired in 2009, and a year later in 2010,
Jacksonville, Florida
Jacksonville ( ) is the most populous city proper in the U.S. state of Florida, located on the Atlantic coast of North Florida, northeastern Florida. It is the county seat of Duval County, Florida, Duval County, with which the City of Jacksonv ...
-based staffing firm MPS Group was acquired for an estimated 1.3 billion.
At the start of 2011, The Adecco Group began a joint venture in Shanghai with Chinese HR services company FESCO and in September of that year, acquired US-based Drake Beam Morin, Inc.
In January 2012, it was announced that the company had acquired
Japan
Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...
ese staffing service VSN Inc.
2014 saw the acquisition of U.S freelance worker-on-demand company OnForce of
Lexington, Kentucky
Lexington is a Consolidated city-county, consolidated city coterminous with and the county seat of Fayette County, Kentucky, United States. As of the 2020 United States census, 2020 census the city's population was 322,570, making it the List of ...
Canadian
Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''C ...
recruitment services company Knightsbridge Human Capital Solutions, a company offering career transition, talent and leadership development, was acquired in 2015.
In March 2016, the company acquired UK recruitment services company Penna Consulting PLC.
The Adecco Group acquired
Vettery
Hired (previously known as Vettery) is a hiring marketplace. Vettery was founded by Brett Adcock and Adam Goldstein in 2013. History
Vettery was founded in March 2013 in New York City by Brett Adcock and Adam Goldstein. The service launched in ...
, a recruitment marketplace startup, for $100 million USD in February 2018. In April of that same year, the U.S.-based education technology provider General Assembly was acquired.
In 2019, the company announced the sale of U.S. healthcare staffing business Soliant Health to Olympus Partners for a cash consideration of $612 million.
In November 2020,
Vettery
Hired (previously known as Vettery) is a hiring marketplace. Vettery was founded by Brett Adcock and Adam Goldstein in 2013. History
Vettery was founded in March 2013 in New York City by Brett Adcock and Adam Goldstein. The service launched in ...
purchased competing tech marketplace Hired for an undisclosed amount
and combined the two business's products under the Hired brand.
French engineering and technology consulting firm Akka Technologies was acquired in July 2021 for a reported €2.0 billion.
See also
*
The Adecco Group North America
References
External links
*
{{DEFAULTSORT:Adecco
Companies listed on the SIX Swiss Exchange
Multinational companies headquartered in Switzerland
Consulting firms established in 1996
Employment agencies
Actuarial firms
Human resource management consulting firms
Companies based in Zurich
Service companies of Switzerland
Temporary employment agencies