Flexible employment increases ManpowerGroup’s revenues
SHANGHAI, CHINA — Workplace solutions provider ManpowerGroup Greater China attributes its revenue increase to the growth of its flexible employment unit.
Flexible employment is ManpowerGroup Greater China’s largest business segment. Its revenue growth was mainly due to the increase in the number of contract employees who found jobs and the increase in average salary during the reporting period.
The company’s revenue is mainly derived from human resource solution services, including flexible staffing and recruitment solutions such as talent hunting and recruitment process outsourcing.
It also offers manpower resource consulting services, training and development, career transition, payroll services, and government solutions.
Meanwhile, the revenue decline was also recorded from Employment/Recruitment and HR Services. This was due to lower demand for recruitment and consulting services due to the outbreak of COVID-19 in China.
ManpowerGroup Greater China’s CEO and executive director Cui Zhihui is confident in the prospect of the HR market.
“The group is in a leading position in the human resources industry in the Greater China region. With diversified business lines, excellent customer development capabilities and excellent, we believe that we can fully grasp the strong growth potential of the human resources service market in the future,” Cui said.
ManpowerGroup Greater China’s largest shareholder, ManpowerGroup Inc., is considered a world leader in workforce solutions and services — with a long operating history of over 70 years.
