THE CFO EDGE: Manpower CFO Sees a Growing Temp Workforce

June 11, 2010

by Jack Sweeney

The economic downturn may have left a lasting impact on corporate hiring practices, says Michael Van Handel, CFO of Manpower, a $16 billion staffing agency. He says companies that once kept only 5 percent of their workforce as temporary workers are now considering growing their temp workforce to 10 or 15 percent.

Manpower CFO: Focus on Variable Cost May Be Downturn’s Most Lasting Legacy | Source: The Big Fat Finance Blog.

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Normally, U.S.-based

Normally, U.S.-based Manpower said it expected a shift from temporary to permanent staff approximately 12 months into a recovery, but after two years "contract and temporary workers are still gaining traction because of the uncertainty about the robustness of the demand