Recruitment Giant Randstad Lurches Through 2Q
All eyes were on no-moat Randstad today, as the first of the large recruitment companies reported second-quarter results, after what has been a volatile nine months for the sector. An organic revenue decline of 1.7% may do nothing to assure investors fearing the effects of a possible global recession, with the direction of travel negative quarter over quarter. The only greenshoot is a margin improvement from the first quarter to 4.6%. While we expect to make adjustments to our 2019 forecasts on ...Randstad is a global staffing and recruitment company, providing various solutions in the human resources (HR) services space. Co.'s services include regular temporary staffing and permanent placement of candidates. In addition, Co. provides several other HR solutions, such as Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), payroll services, and outplacement. Co. provides four distinct service concepts: Staffing, Inhouse Services, Professionals and HR Solutions.
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