{{Short description|Swiss multinational human resource consulting company}} {{Use dmy dates|date=November 2020}} {{Infobox company | name = The Adecco Group AG | logo = Adecco logo.svg | image = {{#invoke:InfoboxImage|InfoboxImage|image=The Adecco Group Entrance.jpg|upright=yes}} | image_caption = The Adecco Group headquarters in Zürich, Switzerland | type = Aktiengesellschaft | traded_as = {{SWX|ADEN}}<br>SMI MID component | area_served = Worldwide | key_people = Jean-Christophe Deslarzes (Chairman)<br />Denis Machuel (CEO) | industry = Professional services | services = Employment agencies, recruitment, human resource consulting and outsourcing | revenue = {{gain}} €20.949 billion (2021)<ref name="AR2021">{{cite web |url=https://www.adecco-jobs.com/-/media/project/adeccogroup/pdf-files/2022-march/adecco-group-annual-report-2021.pdf/ |title=Annual Report 2021 |access-date=20 March 2022 |website=The Adecco Group|format=PDF}}</ref> | operating_income = {{gain}} €780 million (2021)<ref name="AR2021"/> | net_income = {{gain}} €586 million (2021)<ref name="AR2021"/> | assets = {{gain}} €11.865 billion (2021)<ref name="AR2021"/> | equity = {{gain}} €3.800 billion (2021)<ref name="AR2021"/> | num_employees = 32,000 (FTE 2021)<ref name="AR2021"/><br />115,000 (2021)<ref name="AR2021"/> | homepage = {{URL|https://adeccogroup.com}} | foundation = {{Start date and age|1997|01|1|df=yes}} | predecessors = Ecco<br />Adia Interim | hq_location = Zürich, Switzerland | locations = 5,200 branches in over 60 countries and territories }}
'''The Adecco Group''' is a Swiss{{En dash}}French<ref name="bizjournals.com">{{Cite web|url=http://www.bizjournals.com/sanjose/stories/1996/12/02/story7.html|title=Upcoming Adia, Ecco merger to create a personnel giant - Silicon Valley Business Journal|website=Silicon Valley Business Journal|access-date=2016-04-05|archive-url=https://web.archive.org/web/20051212212057/http://www.bizjournals.com/sanjose/stories/1996/12/02/story7.html|archive-date=12 December 2005|url-status=live}}</ref> company based in Zürich, Switzerland. It is the world's second largest human resources provider and temporary staffing firm.<ref>{{cite web|url=https://www2.staffingindustry.com/site/Editorial/Daily-News/Randstad-and-Adecco-rank-first-and-second-on-SIA-s-2019-Largest-Global-Staffing-Firms-List-52014|title=Randstad and Adecco Rank First and Second on SIA'S 2019 Largest Global Staffing Firms List|website=staffingindustry.com|access-date=18 February 2020|archive-date=16 October 2020|archive-url=https://web.archive.org/web/20201016203007/https://www2.staffingindustry.com/site/Editorial/Daily-News/Randstad-and-Adecco-rank-first-and-second-on-SIA-s-2019-Largest-Global-Staffing-Firms-List-52014|url-status=dead}}</ref> It is a ''Fortune'' Global 500 company<ref>{{cite web|url=https://fortune.com/global500/2019/|title=The world's 500 largest companies. 2019 Report.|website=Fortune.com}}</ref> and is listed on the SIX Swiss Exchange.
==Overview== alt=The Adecco Group global headquarters in Zürich is located in Bellerivestrasse since 2017|thumb|The Adecco Group global headquarters in Zürich is located in Bellerivestrasse since 2017. Services offered by the group include temporary staffing, permanent job placement, career transition, and talent development in the office, industrial, technical, financial, and legal sectors, as well as business process outsourcing and consulting. {{As of|2021}} the company had placed 115,000 workers in full time employment and had 500,000 workers in temporary roles daily.<ref name=AR2021 /> It operates three global business units: Adecco, Akkodis,<ref>{{Cite web |title=Akkodis.com |url=https://www.akkodis.com/ |access-date=15 May 2023 |website=Akkodis.com}}</ref> and LHH. Its operating brands include Adecco, DIS AG, General Assembly, Innovation Foundation, LHH, Akkodis, Adia, and Pontoon.<ref>{{Cite web |title=Adecco Group Website - Our Solutions |url=https://www.adeccogroup.com/solutions/ |access-date=15 May 2023 |website=The Adecco Group}}</ref><ref>{{Cite web |url=https://www.adeccogroup.com/our-company/our-brands/ |title=The Adecco Group – find out more about the industry leader in Human Resources solutions at a glance |access-date=31 January 2019 |archive-url=https://web.archive.org/web/20190105114321/https://www.adeccogroup.com/our-company/our-brands/ |archive-date=January 5, 2019}}</ref>
== History == The Adecco Group was formed on 1 January 1997 by the merger of the French company Ecco founded in Lyon as Interecco in 1964,<ref>{{Cite web |url=https://www.hec.edu/en/your-support-matters/news/philippe-foriel-deste-zet-committed-visionary-and-entrepreneur |title=Philippe Foriel-Destezet, a committed visionary and entrepreneur |date=2021-07-07 |access-date=2024-08-10 |website=HEC Paris |archive-url=https://web.archive.org/web/20240730031240/https://www.hec.edu/en/your-support-matters/news/philippe-foriel-deste-zet-committed-visionary-and-entrepreneur |archive-date=2024-07-30 |url-status=live}}</ref> and the Swiss company Adia Interim, founded in Lausanne in 1957 as Adia.<ref name="bizjournals.com"/>
In 2015, Alain Dehaze became the CEO.<ref>{{cite web |title=Adecco Board appoints Alain Dehaze as CEO - Recruitment International |url=https://www.recruitment-international.co.uk/blog/2015/05/adecco-board-appoints-alain-dehaze-as-ceo |archive-url=https://web.archive.org/web/20171107025117/https://www.recruitment-international.co.uk/blog/2015/05/adecco-board-appoints-alain-dehaze-as-ceo |archive-date=7 November 2017 |access-date=1 November 2017 |website=Recruitment-international.co.uk}}</ref> In 2022, Dehaze was succeeded by Denis Machuel as CEO.<ref>{{cite web |title=Adecco recruits former Sodexo boss Machuel as new CEO |url=https://uk.finance.yahoo.com/news/adecco-recruits-sodexo-boss-macheul-060139707.html}}</ref><ref>{{cite news |date=5 May 2022 |title=UPDATE 3-Adecco recruits former Sodexo boss Machuel as new CEO |url=https://www.reuters.com/article/adecco-ceo/update-2-adecco-recruits-sodexo-boss-macheul-as-new-ceo-idINL2N2WX07Q |newspaper=Reuters}}</ref>
In January 2025, the company announced an expanded partnership with Bullhorn to implement artificial intelligence in its digital operations.<ref>{{Cite web |last= |title=The Adecco Group partners with Bullhorn to integrate AI-driven recruitment tools |url=https://hrme.economictimes.indiatimes.com/news/industry/the-adecco-group-partners-with-bullhorn-to-integrate-ai-driven-recruitment-tools/117722481 |access-date=2025-10-25 |website=ETHRWorld.com |language=en}}</ref>
== Mergers and acquisitions == In September 1997, the company acquired US temporary staffing company TAD Resources International of Cambridge, Massachusetts, for $387.5 million.<ref>{{cite web| url=https://www.nytimes.com/1997/09/18/business/international-briefs-adecco-to-acquire-massachusetts-company.html| title=INTERNATIONAL BRIEFS; Adecco to Acquire Massachusetts Company| date=18 September 1997| access-date=8 February 2023| author=Dow Jones| website=The New York Times}}</ref><ref>{{cite web| url=https://www.wsj.com/articles/SB874505564777484500| title=Switzerland's Adecco to Buy Staffing Firm for $387.5 Million| author=Dow Jones Newswires| date=17 September 1997| access-date=8 February 2023| website=wsj.com}}</ref>
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.<ref>{{Cite news|url=https://www.latimes.com/archives/la-xpm-1999-aug-19-fi-1567-story.html|title=World's Largest Temp Firm Adecco to Buy Olsten and Take Lead in U.S.|work=Los Angeles Times}}</ref>
UK recruitment company Spring Group was acquired in 2009,<ref>{{Cite web|url=http://www.hrmagazine.co.uk/article-details/adeccos-acquisition-of-spring-creates-one-of-the-largest-recruitment-companies-in-the-uk|title=Adecco's acquisition of Spring creates one of the largest recruitment companies in the UK|website=Hrmagazine.co.uk|access-date=2016-04-12|archive-url=https://web.archive.org/web/20171107005707/http://www.hrmagazine.co.uk/article-details/adeccos-acquisition-of-spring-creates-one-of-the-largest-recruitment-companies-in-the-uk|archive-date=7 November 2017|url-status=live}}</ref> and a year later in 2010, Jacksonville, Florida-based staffing firm MPS Group was acquired for an estimated 1.3 billion.<ref>{{cite web |url=http://jacksonville.com/business/2009-10-20/story/jacksonvilles_mps_group_agrees_to_buyout_by_swiss_firm |archive-url=https://web.archive.org/web/20100105202450/http://jacksonville.com/business/2009-10-20/story/jacksonvilles_mps_group_agrees_to_buyout_by_swiss_firm |access-date=13 January 2015 |archive-date=5 January 2010 |title=Jacksonville's MPS Group agrees to buyout by Swiss firm {{pipe}} Jacksonville.com }}</ref>
At the start of 2011, The Adecco Group began a joint venture in Shanghai with Chinese HR services company FESCO<ref>{{cite web|url=http://www.chinadaily.com.cn/bizchina/2010-12/04/content_11652466.htm|title=Adecco, FESCO establish new HR venture|website=China Daily|access-date=1 November 2017|archive-url=https://web.archive.org/web/20171107012052/http://www.chinadaily.com.cn/bizchina/2010-12/04/content_11652466.htm|archive-date=7 November 2017|url-status=live}}</ref> and in September of that year, acquired US-based Drake Beam Morin, Inc.<ref>{{cite web|url=http://www.workforce.com/articles/adecco-announces-plan-to-acquire-drake-beam-morin|title=Adecco Announces Plan to Acquire Drake Beam Morin – Workforce Magazine|date=26 July 2011|website=Workforce.com|access-date=1 November 2017|archive-url=https://web.archive.org/web/20160530221100/http://www.workforce.com/articles/adecco-announces-plan-to-acquire-drake-beam-morin|archive-date=30 May 2016|url-status=live}}</ref>
In January 2012, it was announced that the company had acquired Japanese staffing service VSN Inc.<ref>{{cite web|url=http://www.corporatelivewire.com/deal.html?id=adecco-to-acquire-japan-based-professional-staffing-firm-vsn-inc|title=Deals - Corporate LiveWire - Corporate LiveWire|website=Corporatelivewire.com|access-date=1 November 2017|archive-url=https://web.archive.org/web/20171107025016/http://www.corporatelivewire.com/deal.html?id=adecco-to-acquire-japan-based-professional-staffing-firm-vsn-inc|archive-date=7 November 2017|url-status=live}}</ref>
2014 saw the acquisition of U.S freelance worker-on-demand company OnForce of Lexington, Kentucky<ref>{{Cite web|url=http://www.betaboston.com/news/2014/08/11/onforce-acquired-by-adecco-will-partner-with-beeline-to/|title=OnForce acquired by European Adecco Group, will join with Beeline|website=Betaboston.com|language=en-US|access-date=2016-04-05|archive-url=https://web.archive.org/web/20160421165437/http://www.betaboston.com/news/2014/08/11/onforce-acquired-by-adecco-will-partner-with-beeline-to/|archive-date=21 April 2016}}</ref>
Canadian recruitment services company Knightsbridge Human Capital Solutions, a company offering career transition, talent and leadership development, was acquired in 2015.<ref>{{cite web|url=http://www2.staffingindustry.com/site/Editorial/Daily-News/Adecco-acquires-Knightsbridge-Human-Capital-Solutions-33388|title=Adecco acquires Knightsbridge Human Capital Solutions|website=2.staffingindustry.com|access-date=1 November 2017}}</ref>
In March 2016, the company acquired UK recruitment services company Penna Consulting PLC.<ref>{{cite web|url=https://de.reuters.com/article/uk-adecco-results/adecco-says-brexit-uncertainty-hitting-uk-finance-jobs-idUKKCN0Y10PY|archive-url=https://web.archive.org/web/20200709233137/https://de.reuters.com/article/uk-adecco-results/adecco-says-brexit-uncertainty-hitting-uk-finance-jobs-idUKKCN0Y10PY|url-status=dead|archive-date=9 July 2020|title=Adecco says Brexit uncertainty hitting UK finance jobs|website=Reuters|access-date=9 July 2020|url-access=limited|date=10 May 2016}}</ref><ref>{{Cite web |last=Scanlon |first=Hunt |date=2016-03-28 |title=Adecco to Acquire Penna Consulting For $149 Million |url=https://huntscanlon.com/adecco-to-acquire-penna-consulting-for-149-million/ |access-date=2024-08-26 |website=Hunt Scanlon Media |language=en-US}}</ref>
The Adecco Group acquired Vettery, a recruitment marketplace startup, for $100 million USD in February 2018.<ref>{{Cite web |last=Ha |first=Anthony |date=2018-02-20 |title=Adecco Group acquires recruiting startup Vettery for $100M |url=https://techcrunch.com/2018/02/20/adecco-acquires-vettery/ |access-date=2024-08-12 |website=TechCrunch |language=en-US}}</ref> Subsequently, Vettery and Hired were merged and operated under the Hired brand.<ref name=":12">{{Cite web |date=2021-04-13 |title=Hired solidifies position as world’s largest AI-driven hiring marketplace amid record hiring activity |url=https://hired.com/blog/highlights/hired-solidifies-position-as-worlds-largest-ai-driven-hiring-marketplace-amid-record-hiring-activity/ |access-date=2022-03-17 |website=highlights |language=en}}</ref> In April of that same year, the U.S.-based education technology provider General Assembly was acquired.<ref>{{Cite web |last=Miller |first=John |date=16 April 2018 |title=Adecco buys General Assembly in $412.5 million deal to boost growth |url=https://www.reuters.com/article/world/europe/adecco-buys-general-assembly-in-4125-million-deal-to-boost-growth-idUSKBN1HN0H3/ |access-date=12 August 2024 |website=Reuters}}</ref>
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.<ref>{{Cite web |title=Adecco to sell Soliant Health to Olympus Partners for $612M |url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/TNmje4tomrrNwUU4-N7RHA2 |access-date=2024-08-12 |website=www.spglobal.com |language=en-us}}</ref><ref>{{Cite web |last=Sexton |first=Lauren |date=2019-11-05 |title=The Adecco Group announces divestment of Soliant Health in US |url=https://www.recruitment-international.co.uk/blog/2019/11/the-adecco-group-announces-divestment-of-soliant-health-in-us |access-date=2020-04-06 |website=www.recruitment-international.co.uk |language=en |archive-date=23 October 2020 |archive-url=https://web.archive.org/web/20201023025758/https://www.recruitment-international.co.uk/blog/2019/11/the-adecco-group-announces-divestment-of-soliant-health-in-us |url-status=dead }}</ref>
In November 2020, Vettery purchased competing tech marketplace Hired for an undisclosed amount<ref name=":0">{{Cite web |last=Ha |first=Anthony |date=November 24, 2020 |title=Vettery acquires Hired to create a 'unified' job search platform |url=https://techcrunch.com/2020/11/23/vettery-acquires-hired/ |access-date=2022-03-17 |website=TechCrunch |language=en-US}}</ref> and combined the two business's products under the Hired brand.<ref>{{Cite web |date=10 December 2020 |title=Vettery acquires Hired to advance recruiting marketplace model |url=https://www.hrdive.com/news/vettery-acquires-hired-to-advance-recruiting-marketplace-model/591907/ |access-date=2024-08-26 |website=HR Dive |language=en-US}}</ref><ref name=":1">{{Cite web |date=2021-04-13 |title=Hired solidifies position as world's largest AI-driven hiring marketplace amid record hiring activity |url=https://hired.com/blog/highlights/hired-solidifies-position-as-worlds-largest-ai-driven-hiring-marketplace-amid-record-hiring-activity/ |access-date=2022-03-17 |website=highlights |language=en}}</ref>
French engineering and technology consulting firm Akka Technologies was acquired in July 2021 for a reported €2.0 billion.<ref>{{Cite web |last=Revill |first=John |date=28 July 2021 |title=Adecco Group to buy AKKA Technologies in $2.4 bln deal |url=https://www.reuters.com/technology/adecco-group-buy-akka-technologies-24-bln-deal-2021-07-28/ |access-date=16 August 2024 |website=Reuters}}</ref>
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== References == {{Reflist}}
== External links == {{Portal|Switzerland|Companies}} *{{Commons category-inline}} *{{Official website|https://www.adeccogroup.com}}
{{SMI MID companies}} {{Swiss Leader Index companies}} {{Labour Hire}} {{Authority control}}
{{DEFAULTSORT:Adecco}} Category:Companies listed on the SIX Swiss Exchange Category:Multinational companies headquartered in Switzerland Category:Consulting firms established in 1996 Category:Employment agencies Category:Actuarial firms Category:Human resource management consulting firms Category:Companies based in Zurich Category:Service companies of Switzerland Category:Temporary employment agencies