Organisational profile

2.9 Significant changes during the reporting period regarding size,
structure and ownership

September 2009: The Adecco Group Executive Committee was extended as of October 1, 2009. With this move, all Adecco markets are represented in the Executive Committee.

October 2009: Adecco announced the successful closing of the acquisition of Spring Group on October 20, 2009. Spring Group is a UK-listed company, with sales of GBP 517 million in 2008 and a net cash position of GBP 40 million at the end of 2008. Spring Group offers an excellent strategic fit and substantial synergy potential for Adecco in the UK staffing market. With this transaction, Adecco strengthens its position in the fragmented UK market and further increases its professional staffing exposure.

January 2010: MPS Group shareholders approve Adecco’s acquisition. At a special meeting held on January 15, 2010, MPS Group shareholders approved the previously announced agreement and plan of merger entered into with Adecco.

December 2010: FESCO and Adecco set up joint venture in Shanghai to enhance HR service offerings in China. Adecco Group set up a joint venture in Shanghai with FESCO, one of the leading HR service companies in China. Under the terms of the joint venture, FESCO and Adecco hold 51% and 49% of the equity respectively. Pooling Adecco’s global staffing know-how with a Chinese partner is an important step forward to take advantage of the growth potential in China.

The Shanghai-based joint venture, FESCO Adecco, begins operations as of January 1, 2011. Shanghai is the largest HR market in China. The newly formed joint venture already today has over 100,000 associates on assignment, and has access to a network of more than 100 branches throughout China with a large and established local and multinational client base. FESCO Adecco will mainly provide clients with general staffing, professional staffing and outsourcing services including the management of payroll and benefits administration, with scope to enhance its offering, benefiting from Adecco’s multinational expertise in the HR services industry.

2.10 Awards received

The Great Place to Work® survey 2010/2011 The Great Place to Work® Institute helps organisations to create cultures where trust flourishes. This is done via independent, anonymous surveys – the results of which are provided to companies to help them improve the workplace based on real employee feedback. This is the largest survey of workplace practices worldwide.

DIS AG, Germany, is ‘Germany’s Best Employer 2011’ (in the category 501–2,000 employees), a large step forward from rank 26 in 2010.

DIS AG, Germany, is ranked 4th amongst ‘Europe’s Best Employer 2011’ (in the category 501–2,000 employees), out of 1,380 competing employers in its category in 18 countries, a large step forward from rank 12 in 2010. With this achievement, DIS AG is Europe’s best Personnel Services Provider.

Adecco Group Netherlands reached 12th place on the list of the 24 top companies to work for.

TUJA, Germany, is amongst the Great Place to Work® top 100 list in Germany.

The UK Office Angels, Adecco and Spring all are listed in the ‘Sunday Times Best 100 Companies to work’ for in the UK.

Adecco Norway reached rank 8 in the Great Place to Work® ‘large companies’ list of Norway.

Further awards received: Besides these ratings, Adecco Group subsidiaries collected various awards for their socially responsible practice and achievements, such as:

  • In 2010, Adecco Group was recognised as one of the top three companies for its approach to talent management in a study by the University of Innsbruck, Austria, which focused on Germany, Austria and Switzerland, and with more than 60% of SMI, DAX and ATX listed companies participating.
  • Adecco Argentina was awarded with the first prize by the French Argentinian Chamber of Commerce for the programme “Jardines de Cosecha”: an initiative together with the Chamber of Tobacco of Salta and Sesa Select prevent and eliminate child labour in rural areas and to offer tools that allow improvements in education, hygiene and a healthy life for the children.
  • Adecco Foundation and Adecco Spain obtained in 2010 a total of nine awards, such as the Good Business Practice prize by the Andalusian Board for Equality and Social Welfare to merit Adecco’s efforts and successes in integrating disadvantaged people into the labour market.
  • Adecco North America was selected as one of the 2010 Top 50 Employers for Workers Over 50 by the American Association of Retired Persons (AARP), and awarded the Champions of Diversity Award by the New York Urban League – just to mention two out of many awards received.
  • Office Angels UK is one of only 84 organisations in the UK to have been awarded the top three-star rating in the Best companies accreditation scheme. Based on staff feedback, companies receive a Best Companies index score that determines their star rating compared to a fixed standard. One star is first class, two stars are outstanding and three stars are extraordinary. This is the third year in a row that we have received this coveted award.