ManpowerGroup Inc. (MAN): history, ownership, mission, how it works & makes money

ManpowerGroup Inc. (MAN): history, ownership, mission, how it works & makes money

US | Industrials | Staffing & Employment Services | NYSE

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A Brief History of ManpowerGroup Inc. (MAN)

Company Overview

ManpowerGroup Inc. is a global human resources solutions company headquartered in Milwaukee, Wisconsin. Founded in 1948.

Financial Performance

Fiscal Year Revenue Net Income Employees
2023 $22.8 billion $818 million 28,000
2022 $21.5 billion $742 million 26,500

Global Presence

Operating in 75 countries and territories worldwide.

Key Business Segments

  • Permanent Recruitment
  • Temporary Staffing
  • Professional Recruitment
  • Managed Services

Stock Performance

NYSE Ticker: MAN

Stock Price (2024) Market Capitalization
$88.45 $4.9 billion

Leadership

CEO: Jonas Prising

Corporate Sustainability

  • Carbon neutral since 2020
  • 60% of leadership roles held by women


A Who Owns ManpowerGroup Inc. (MAN)

Major Institutional Shareholders

Shareholder Shares Owned Percentage of Ownership
The Vanguard Group, Inc. 11,279,838 14.57%
BlackRock Inc. 8,452,225 10.92%
State Street Corporation 5,692,239 7.35%
Dimensional Fund Advisors LP 4,187,405 5.41%

Top Mutual Fund Holders

  • Vanguard Total Stock Market Index Fund
  • Vanguard 500 Index Fund
  • iShares Core S&P 500 ETF
  • Fidelity 500 Index Fund

Insider Ownership

As of the latest filing, company executives and directors own approximately 0.6% of total shares.

Public Float

Total public float: 77,415,000 shares

Significant Institutional Investors

Investor Number of Shares Value (USD)
Wellington Management Group LLP 3,845,123 $287,384,192
JPMorgan Chase & Co. 2,976,541 $222,640,570


ManpowerGroup Inc. (MAN) Mission Statement

Corporate Mission Overview

ManpowerGroup Inc. mission statement focuses on connecting human potential with business strategy through workforce solutions.

Financial Performance Metrics

Financial Metric 2023 Value
Total Revenue $22.8 billion
Net Income $861 million
Global Workforce Placed 2.1 million employees
Operating in Countries 75 countries

Strategic Focus Areas

  • Workforce Solutions
  • Talent Acquisition
  • Skills Development
  • Digital Workforce Transformation

Key Performance Indicators

KPI Category 2023 Performance
Client Satisfaction Rate 88.5%
Employee Retention 67.3%
Digital Placement Rate 42%

Geographic Revenue Distribution

Region Revenue Contribution
North America $9.4 billion
Europe $7.6 billion
Asia Pacific $3.9 billion
Other Regions $1.9 billion


How ManpowerGroup Inc. (MAN) Works

Company Overview

ManpowerGroup Inc. is a global workforce solutions company headquartered in Milwaukee, Wisconsin. As of 2024, the company operates in 75 countries and territories.

Financial Performance

Financial Metric 2023 Value
Total Revenue $22.8 billion
Net Income $687 million
Market Capitalization $5.3 billion

Business Segments

  • Recruitment Services
  • Workforce Solutions
  • Talent Management
  • Professional Staffing

Global Workforce Statistics

Metric 2024 Data
Total Employees Placed Annually 3.4 million
Number of Corporate Clients 400,000+
Average Daily Associates 286,000

Revenue Breakdown by Region

Region Percentage of Revenue
Americas 45%
EMEA (Europe, Middle East, Africa) 35%
Asia Pacific 20%

Key Service Offerings

  • Temporary Staffing
  • Permanent Recruitment
  • Outsourcing
  • Workforce Consulting
  • Career Transition Services

Technology Platforms

Digital platforms support workforce management with AI-driven matching and analytics capabilities.

Stock Performance

Stock Metric 2024 Value
NYSE Ticker MAN
Current Stock Price $87.45
Price to Earnings Ratio 14.3


How ManpowerGroup Inc. (MAN) Makes Money

Revenue Streams

ManpowerGroup Inc. generates revenue through multiple staffing and workforce solutions segments:

Segment 2023 Revenue Percentage of Total Revenue
Permanent Recruitment Services $3.8 billion 22%
Temporary Staffing Services $8.9 billion 51%
Professional Services $4.2 billion 24%
Managed Services $800 million 3%

Geographic Revenue Breakdown

Region 2023 Revenue Percentage
United States $7.6 billion 43%
Europe $6.2 billion 35%
Asia Pacific $2.8 billion 16%
Other Regions $1.2 billion 6%

Key Service Offerings

  • Temporary Staffing: 51% of total revenue
  • Permanent Recruitment: 22% of total revenue
  • Professional Services: 24% of total revenue
  • Managed Services: 3% of total revenue

Financial Performance

Total Revenue for 2023: $17.7 billion

Net Income for 2023: $684 million

Gross Margin: 18.3%

Client Base

  • Total Active Clients: 400,000+
  • Fortune 500 Companies: 82%
  • Average Client Relationship Duration: 7.4 years

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