Making the future work for everyone 2017 HIGHLIGHTS
Delivering progress
2017 has been a year of 2017 performance strategic transformation highlights while we continued to deliver strong financial and non-financial performance for our stakeholders.
Organic revenue growth EBITA1 margin excluding Gross margin one-offs 6% 4.9% 18.4% Growth accelerated, driven Continued performance, Price and mix effects in by strong performances in while investing for the future temporary staffing not most European markets fully mitigated
Cash conversion2 Dividend per share3 Share buyback programme 80% CHF2.50 EUR150m Strong underlying cash flow, An increase of 4% year on Returning excess capital to reflecting revenue growth year and representing a shareholders, in line with our acceleration and working 46% payout ratio capital allocation policy capital investment
Great Place to Work® IOC and IPC Athlete Win4Youth ranking Career Programmes 2nd 7,000 49,814 Out of >6,000 participating Elite athletes supported Participants swam, ran and multinational companies in 2017 cycled for Win4Youth in 2017, accumulating more than 7 million km
1 EBITA is a non-US GAAP measure and refers to operating income before amortisation and impairment of goodwill and intangible assets. 2 Cash conversion is a non-US GAAP measure and is calculated as free cash flow before interest and tax paid divided by EBITA excluding one-offs. Free cash flow is a non-US GAAP measure and is calculated as cash flows from operating activities less capital expenditures. 3 For 2017, as proposed by the Board of Directors. MESSAGE FROM THE CHAIR AND CHIEF EXECUTIVE OFFICER
Leaders in the changing world of work
Rolf Dörig Alain Dehaze Chair of the Board Chief Executive Officer
Dear Adecco Group ‘Perform’ means that we will keep delivering Making the future work revenue growth, in the cost-disciplined, returns- for everyone. shareholders, focused way that we always have. It means We recognise that the Adecco Group achieving strong cash flow to underpin a The Group had another solid year in 2017, with has a responsibility which goes beyond our progressive dividend and financial investment. a good financial performance and significant commitment to our shareholders. Our mission progress made against our strategic agenda. With ‘Transform’, we are strengthening our is to make the future work for everyone. From Organic revenue growth accelerated to 6%, core business to differentiate our offering from helping candidates find fulfilling work, and as economic conditions in many of our end that of our competitors, and to take profitable reshaping how clients obtain the requisite markets improved, and we held our EBITA market share. Through our GrowTogether skills, to developing our own employees and margin excluding one-offs broadly stable at programme, we are leveraging technology advising policymakers globally, we are helping 4.9%. Cash flow generation also remained to enhance client and candidate experience people to successfully navigate the changing strong, and we ended the year with a robust while, at the same time, reducing our cost-to- world of work. That means offering and balance sheet. All this was achieved while serve as we improve productivity. enabling greater flexibility while, at the same making significant investments in the new time, ensuring security for all in the labour ‘Innovate’ describes how we will capture digital solutions and IT infrastructure that market. From facilitating policy development new growth opportunities in markets adjacent will transform our business and allow us to to shifting social trends, we are at the table to our existing businesses and in doing so, create more value for our clients, candidates, working to address the systemic challenges capitalising on the megatrends. Our digital associates, colleagues and other stakeholders. that affect us all. ventures, such as Adia and YOSS, co-created Leveraging opportunities in the with Infosys and Microsoft, are examples of With the new Adecco Group Foundation, we changing world of work this focus on innovation. The acquisition of will be focusing on helping underserved people Vettery, in early 2018, will further strengthen make the transition into the workforce, and The Adecco Group is the leader in the world the Innovate agenda, providing a platform supporting the role of employers to encourage of HR solutions. Every year we provide more to expand into the fast-growing digital workforce vitality. than 3.5 million people with permanent and professional permanent recruitment market. flexible employment opportunities, contributing We look forward to continuing this important positively to society, both for individuals and Creating value for shareholders work, and creating more shared value for all our stakeholders in 2018. We recognise and for communities. The Adecco Group’s businesses generate appreciate the contribution of our 34,000 substantial free cash flow throughout the The world of work and our industry are employees, and we thank you, our shareholders, business cycle. While we invest in the evolving, reshaped by megatrends that create for your ongoing trust and support. both opportunities and challenges. We firmly transformation of our business, we remain believe that, by delivering our strategy, we will committed to a progressive dividend policy, harness these changing industry dynamics to and will hold our Swiss Franc DPS at least in further strengthen our competitive position. line with the prior year, even in a recession. At the AGM on 19 April 2018, the Board will The Group’s strategic agenda is summarised in propose a dividend of CHF 2.50, up 4% three words: Perform, Transform and Innovate. year-on-year. The Group is also committed to A simple formula that pervades everything we returning excess capital to shareholders and, Rolf Dörig Alain Dehaze do as an organisation. for 2017, the Board will propose a share Chair of the Board Chief Executive Officer buyback of EUR 150 million.
The Adecco Group 1 THE ADECCO GROUP AT A GLANCE One company, many strengths Workforce Solutions Our global footprint Contribution to Group revenues
We provide candidates with generalist skills Office to small, medium and large clients, mainly We provide clerical and support personnel North through temporary staffing, permanent in all areas of office-based employment. America: placement and outsourcing services. 19% Workforce Solutions operates across all Industrial sectors, under the global Adecco brand. We provide candidates for blue-collar Our ‘recruitment on demand’ online staffing job profiles across many industrial and platform operates under the relaunched service sectors. Adia brand, mainly focusing on hospitality and events. Workforce Solutions comprises Contribution to Group revenues: two business lines: 76% Office: 24% Industrial: 52% Our lead brands and global footprint
Professional Staffing & Solutions
We support our clients in finding and Finance & Legal attracting talent with professional and We support organisations by finding qualified highly sought-after skills. Our global lead professionals in the accounting, finance and brands in Professional Staffing & Solutions legal disciplines. are: Badenoch & Clark, Modis, Spring Professional and YOSS. Medical & Science We recruit and place medical professionals Information Technology (IT) on a permanent or temporary basis in We support organisations across medical and science-related industries. all industries in their IT workforce requirements. Contribution to Group revenues: More than Engineering & Technical We provide candidates with skilled 21% Information Techonology: 34,000 10% professional profiles across all engineering Engineering & fullTechnical: time equivalent employees 5% and technical disciplines to clients in a wide Finance & Legal: 4% range of industries. Medical & 100,000+Science: 2% clients
Temporary staffing Permanent placement Career transition Outsourcing We supply associates to We help employers to recruit We support organisations and We offer flexible HR solutions in organisations on a temporary talent for permanent roles, their employees through which we staff and manage the basis, providing flexibility securing the skills needed for an changes that require individuals whole of a labour-intensive to employers and new organisation’s ongoing success. to transition out of their activity, such as warehouse opportunities to candidates. existing roles. logistics, call centre operations,
Our services or IT support.
2 The Adecco Group 5% Japan Talent Development & Career Transition 4% Latin America 3% Eastern Europe & MENA Japan and 2% Asia 2% Australia & Rest of New Zealand World: 1% India We offer services under the global brand Contribution to Group revenues: 17% Lee Hecht Harrison, providing solutions to large and small clients around the world. 2% Workforce Transformation Lee Hecht Harrison is the world’s leading career transition and talent development brand, helping individuals and organisations navigate workforce change. Lee Hecht Harrison1: 2%
MSP & RPO
We offer full HR outsourcing solutions, Recruitment Process Outsourcing including MSP and RPO, through Pontoon, (RPO) a global leader in contingent and permanent Recruitment Process Outsourcing enables workforce acquisition and talent advisory clients to outsource the entire permanent solutions across all industries. recruitment process to us to harness the full Europe: benefit of our expertise and experience in Managed Service Programmes (MSP) 62% 23% France hiring large numbers of employees. 9% UK & Ireland Managed Service Programmes involve 9% Germany, Austria, taking over part of the HR function Contribution to Group revenues: Switzerland within an organisation to manage all of its 9% Benelux & Nordics contingent and flexible workforce needs. 8% Italy 1% 4% Iberia Over 100,000+ 700,000 clients associates on assignment daily
1 Lee Hecht Harrison is managed as a global business line.
MSP & RPO Talent development Managed Service Programmes Recruitment Process Outsourcing We provide leadership coaching, career We manage all parts of the flexible workforce We handle the entire hiring process for development programmes and change at organisations using a large number of organisations recruiting large numbers of management support. contingent workers. permanent employees. Revenue % 88 2 2 8
69 11 8 12 Gross profit %
The Adecco Group 3 OUR BUSINESS MODEL Delivering value in the world of work
Market Inputs Strategic Strategic context agenda focus areas
Trends impacting Our critical our business assets
Geopolitical Talent Workforce Solutions & economic Finding and attracting uncertainty skilled and motivated Perform people; inspiring them to grow with us and our clients, by providing meaningful employment and lifelong development. Professional Staffing & Solutions Gig Relationships economy Executive Recruitment Building enduring, collaborative and mutually beneficial relationships, Professional Recruitment with candidates, clients, governments and Transform social partners. Professional Staffing & Solutions Skill Innovation imbalances Developing new digital Freelancer Marketplace solutions to build competitive advantage and enhance our future prospects. Talent Development Infrastructure & Career Transition New Maintaining a network of demographic branches, back offices and IT mix infrastructure to effectively Innovate serve our candidates, MSP & RPO associates and clients. Financial Generating strong cash Services and solutions flow and maintaining a strong Automation, Temporary staffing AI & machine balance sheet to support the learning growth of our business. Permanent placement Career transition
Underpinned Digitisation, by our people, big data & analytics values and culture Customer focus Passion
4 The Adecco Group We combine differentiated solutions, a clear vision and strategy, and focused execution, to deliver long-term sustainable value for all our stakeholders
Our brands Performance Value …and management created… shared
Our KPIs Investors and targets €374m We benefit from attractive industry dividends paid dynamics; by managing our capital with care, we are able to grow our profits, cash flow and returns. This supports our progressive dividend €150m policy and our aim of delivering share buyback announced attractive total returns for Revenue growth our investors. Employees We provide rewarding employment 2nd rank for our colleagues. We enable Gross margin in World’s Best them to achieve their career goals, Multinational Workplaces supported by our continuous Great Place to Work® investment in training programmes through the Adecco Academy and Conversion ratio in co-operation with renowned >700,000 institutions INSEAD and IMD. associates working Candidates and Associates EBITA margin each day Our expertise, tools and network connect people with job opportunities, providing them with purposeful work in a safe DSO ~110,000 environment. We advise people permanent placements on their careers, and help them develop their talents with training and lifelong learning. Great Place To Work® 86% Clients client global As a trusted advisor on total satisfaction score talent solutions, we help clients to structure and manage their Net Promoter Score workforce for flexibility, productivity and growth. We work with and for our clients to find, hire, develop €258m and transition people according income taxes paid to their needs. Outsourcing Suppliers MSP & RPO We build strong partnerships of Talent Development 71/100 mutual trust with our suppliers, 2016 EcoVadis Gold rating many of whom are also our clients. Governments and Social Partners We are trusted advisors and active enablers, sharing our labour market insights and experience to Entrepreneurship Responsibility Team spirit support and shape sustainable and responsible growth and job creation.
The Adecco Group 5 OUR AGENDA FOR THE FUTURE
Six megatrends shaping the world of work The world of work is changing. Rigid workforce structures are being replaced with more flexible arrangements, better reflecting the needs of employers and individuals. Technology is substituting some tasks, changing the nature of many jobs, while creating others. Shifting skills requirements and demographics are causing talent scarcity. The Adecco Group stands as a trusted partner, helping our stakeholders manage these changes, in order to make the future work for everyone.
Megatrends
Geopolitical & Automation, AI Digitisation, economic uncertainty & machine learning big data & analytics
Organisations recognise that Combining automation with New distribution channels and flexibility and agility are the key to flexible HR solutions will drive data-driven business models prospering in an uncertain and a step change in productivity, are emerging as HR solutions fast-changing world. Having the for our clients and for the go digital. right skills ‘on-demand’ is Adecco Group. becoming the new normal.
The ‘gig’ economy Skills imbalances New demographic mix
People are choosing to work ‘gigs’ New jobs require new skills, Populations are ageing and the – performing shorter tasks or which remain in short supply. workforce is shrinking in many services – instead of traditional A new approach to education, countries, leading to talent full-time jobs. Online platforms and especially up-skilling and shortages. Individuals are choosing are helping to efficiently match re-skilling, must be embraced to work in ‘retirement’, often supply and demand. if the economy and society flexibly. Millennials are digital- are to prosper. natives and expect different things from their careers.
6 The Adecco Group Our vision for the future
The Adecco Group is uniquely positioned to remain at the forefront in the new world of work, expanding its market share over time.
Our investment story
Global megatrends The Adecco Group New employment Higher value, lower costs, are changing the is taking the lead in models bring exciting less capital will drive world of work this transformation growth opportunities shareholder returns Employees will work when, where We are reshaping the world We are the leading global By combining data, technology and how they wish, doing the work of work, reinventing ways of provider of HR solutions, yet and talent, we increase that matches their skills, interests operating, and developing and we have less than a 2% share our value to clients and and compensation needs. acquiring new capabilities. We of the total addressable market candidates and strengthen provide innovative solutions that for flexible and permanent our competitive position. Employers will employ workers enable employers to flexibly HR solutions. to meet carefully defined needs, Digitising our processes reduces manage their workforces through a broad range of Strengthening and expanding our our cost-to-serve, and improves and employees to flexibly relationships across all skill levels. service offerings will allow us to our capital efficiency. This will help manage their careers, while grow revenues even if economic us to expand our operating margin safeguarding security for growth remains modest. and generate strong cash flow. all in the labour market.
To realise the potential of our Investinprofitablegrowth Keep driving strategic agenda, we are making targeted investments, both cash flow while organic and by means of Commi edtoinvestment buy-and-build M&A. The strong gradecreditrating investing for cash generation of our underlying businesses allows us to fund these the future investments while continuing to reward our shareholders with a Maintainprogressivedividendpolicy progressive dividend, and also withpayoutofand DPSat additional capital returns, when leastinlinewithprioryear we have ‘excess cash’. Our capital allocation criteria and our commitment to maintain our dividend, even in a cyclical Exploitbuyandbuild Returnexcesscash downturn, remain clear. M&Aopportunities toshareholders
The Adecco Group 7 OUR AGENDA FOR THE FUTURE
How the Adecco Group will make the future work for everyone
Our strategic agenda describes how we are turning the opportunities created by Perform the megatrends into reality.
Transform Innovate
Perform The first step in our strategic agenda is “Perform is intended to ‘Perform’. This is about doing what we do better than anyone else, and acting with urgency to create and embed a culture improve the areas of our global business that of outperformance across have yet to reach their potential. It will ensure we continue to deliver the performance the organisation.” necessary to lead and shape our industry for many years to come. Alain Dehaze Perform is intended to create and embed Chief Executive Officer a culture of outperformance across the organisation. A big part of that is financial, of course, but our ambition is much wider than that. It is about how we deliver results, not just the outcome: the journey, not just the destination. ‘Perform’ empowers us to finance and deliver the ‘Transform’ and ‘Innovate’ agendas of our strategy. How does it do this? In two ways: cash and credibility. By generating cash flow, ‘Perform’ enables investment in our transformation programme and in innovation such as Digital Ventures. It also builds credibility; only by performing can we truly retain the trust and support of our shareholders. That trust and support is crucial for us as we transform our business.
8 The Adecco Group Transform GrowTogether is designed to accelerate the “At the heart of ‘Transform’ transformation of our business and to capitalise on megatrends that can help us grow and is a reimagining of the client build closer, stronger relationships with our and candidate experience.” customers. It is strengthening our core business, and it’s driving differentiation so that we stand out from and above our competitors in order Hans Ploos van Amstel to take profitable market share. Chief Financial Officer The second part of our strategic agenda is ‘Transform’. It is our plan to strengthen what GrowTogether we do in every aspect of the world of work, enhancing client and candidate experience, and Objective being more productive and efficient. To deliver •• Strengthen the core of our business this crucial pillar successfully across our brands and territories, we have created a programme Goal called GrowTogether, managed by a core •• Accelerate profitable growth team of change management experts. •• Improve client & We are a people business with a candidate experience reputation for customer service, so we •• Enhance productivity through see technology and innovation very much omni-channel as an enabler to improve and enhance that face-to-face service, rather than Measure of success a substitute. •• Market share •• Client & candidate Net Promoter Score •• Cost-to-serve Innovate emerging business models. Through our Digital “Our customers need tools Ventures programme we then bring these tools and businesses to life at the Adecco Group. and services that help them Our ‘Innovate’ agenda means thrive in the digital era.” creating differentiation and competitive advantage, thanks to talent and technology, because only innovation can guarantee Franz-Josef Schürmann sustainable development. Chief Sales and Innovation Officer
The third and final stage in our strategic agenda is ‘Innovate’. We are empowering our Digital Ventures entire business and team to think creatively and to reimagine the world of work. To do this, we Objective are growing the scope of our offer by investing •• Add new profitable businesses in digital ventures that take advantage of technological innovation, open up new markets, Goal and cater to the changing needs of our clients •• New adjacent revenue streams and candidates. •• Margin enhancement We want to be the digital leader in our industry, •• Become the global leader in digital but also its disruptor: combining the expertise HR solutions and experience of a large company with the energy and ideas of a start-up. Led by our Measure of success digital incubator, Adecco Group X, we are searching the HR technology landscape to find, •• Revenues from new markets build and invest in the most promising tools and •• Client & candidate NPS •• Margin enhancement
The Adecco Group 9 OUR AREAS OF STRATEGIC FOCUS
Providing 360 HR solutions
Workforce Solutions We have access to a wide range of talent, Objective The world of work is including hard-to-reach professionals who are not actively looking for a job. •• Drive differentiation and profitable complex and changing Permanent placement accounts for 2% growth through an omni-channel rapidly. Depending on the of Group revenues and 11% of gross profit. approach and digitisation local nuances of the labour •• Career transition – helping organisations and their employees through changes Outlook markets, the impact of that require individuals to transition out •• Good market growth prospects due to megatrends, and the health of their current roles. Career transition economic uncertainty, skills imbalances, represents 2% of Group revenues and and need for flexibility of specific industries, the 8% of gross profit. •• Significant scope to expand market share needs of individuals and •• Outsourcing, Managed Service Programmes companies across the globe (MSP), Recruitment Process Outsourcing Strategy (RPO) and Talent Development – providing •• Accelerated transformation through vary widely. a range of holistic HR solutions, including GrowTogether managing the full scope of activities such •• Greater differentiation and pricing power as call centre operations or entire flexible •• Omni-channel approach opens small he Adecco Group provides valuable, workforces for companies, handling customer segment flexible and efficient solutions for wholesale recruitment and the management every aspect of the global labour of large contingent workforces, and •• Enhanced candidate and client experience market throughout the economic providing training and career development. Tcycle, from freelancing to entire workforce Action These activities account for 8% of Group outsourcing. We offer these solutions across revenue and 12% of gross profit. •• Standardise and automate internal a wide range of industries and skills profiles, processes to reduce cost-to-serve from office administration and hospitality to To effectively deliver these services and •• Put AI and automation to work, starting life sciences and finance, placing more than meet the needs of our customers, the Group with the large segment (e.g. Mya) 700,000 candidates in work every day is organised into four strategic focus areas, and supporting over 100,000 companies each representing different business lines •• Fully digital solutions for small clients and organisations. and supported by our leading global brands. (e.g. Adia) The Adecco Group’s core services include: •• Workforce Solutions •• Professional Staffing & Solutions •• Temporary staffing – providing talent on a temporary basis to clients across •• Talent Development & Career Transition various industries. We manage the entire •• Managed Service Programmes (MSP) & recruitment process from candidate search Recruitment Process Outsourcing (RPO). and screening to payroll and administration. Each strategic focus area plays a crucial Associates are employed by the Group role in the successful delivery of the Group’s while on assignments, which often run Perform, Transform, Innovate agenda, including consecutively to ensure continuous our Digital Ventures programme and our Key brands: employment. In some countries we GrowTogether initiative. employ associates on a permanent basis. Temporary staffing accounts for 88% of This section explores these four strategic focus Group revenues and 69% of gross profit. areas in depth, explaining what they contribute •• Permanent placement – placing talent to the business, which sectors and services into permanent roles with our clients. they cover and how they position the Group to We source candidates, screen CVs, and continue leading and shaping the world of work. conduct interviews and assessments.
10 The Adecco Group Professional Staffing Talent Development MSP & RPO & Solutions & Career Transition Objective Objective Objective •• Focus on the most attractive verticals •• Strengthen position as global leader •• Be the leading total talent solutions partner and expand market share by leveraging in workforce transformation for large organisations new technologies Outlook Outlook Outlook •• Pace of workforce change likely to •• Demand for workforce-related insights is •• Growth supported by megatrends: accelerate, impacted by technological rising as megatrends create more complex skills imbalances, demographics, disruption; strategically important working models the ‘gig’ economy for enterprises •• Big data revolution offers scope for •• Different verticals require different •• Transition and re-skilling offer attractive higher-value solutions strategies and strong brands growth and margin profile Strategy Strategy Strategy •• Leverage our rich data assets to provide •• Strengthen global brands in IT •• Expand market-leading transition offering insight for clients and Engineering with new solutions •• Develop new business models based •• Capitalise on local brand strength •• Develop leading talent development and on data insights in Finance, Medical and Legal re-skilling businesses •• Become the thought leader in •• Expand solutions to the ‘gig’ •• Grow organically and by targeted workforce design economy workforce acquisitions – a proven strategy for •• Leverage digital within Lee Hecht Harrison Action permanent recruitment •• Make existing data assets accessible Action and exploitable Action •• Drive innovation and hybrid services •• Invest in and develop advanced workforce •• Combining brands with exciting technology (e.g. Lee Hecht Harrison Active Placement) analytics capabilities (e.g. Special Counsel and D4) •• Become ‘translator’ between private sector, •• Leverage Adecco Analytics as •• Provision of ‘staff augmentation’ to address government and candidate a key differentiator skills shortages (e.g. training, up-skilling) •• Support clients & governments in large •• Strengthening portfolio with strategic M&A re-skilling transformations (e.g. BioBridges) •• Roll out freelancer marketplace YOSS •• Scale up Vettery, an innovative online recruitment platform
Key brands: Key brand: Key brand: Executive Professional Recruitment Staffing & Solutions
Professional Freelancer Recruitment Marketplace
The Adecco Group 11 THE FOUNDATION
promote the programme across the network. But engagement does not stop there. Being an Social innovation Ambassador is a life-changing experience and alumni become part of a life-long community of sport lovers, helping each other and their colleagues become healthier and stay and shared values more active. Their enthusiasm brings the programme to life, The Foundation is structured as a social innovation lab, driving the spirit of Win4Youth. designing and testing new models and ways of working Global Sport and Inclusion Day 2017 that marry both social and business value. In 2017 we hosted the first annual Global Sport and Inclusion Day. Over 49 countries took part, with the participation of 2,474 colleagues and 70 professional athletes. The aim was to put the spotlight on the importance of creating an inclusive workforce. It was a The Foundation Win4Youth chance for the public and our employees to The Win4Youth programme brings Adecco The Adecco Group Foundation (AGF) was better understand the skills and histories that Group employees, associates and clients created in 2017 as the first global, corporate make people valuable. We partnered with together to share their passion for sport and foundation for the Group. The purpose of the international and national Olympic and to have a positive impact on the lives of young the AGF is to create a central framework Paralympic committees to create hands-on people around the world. By taking part in and narrative for the Group regarding how we activities to showcase the use of sport to Win4Youth, our people also improve their own drive social impact and shared value creation. drive inclusion, healthy lifestyle and health and wellbeing and reinforce the Adecco It leverages the long history of social value work-life balance. Group core values of: team spirit, customer creation by our four national foundations focus, entrepreneurship, responsibility, and (Spain, Italy, France and Germany) and passion. Since Win4Youth started in 2010, numerous local programmes. No other we have raised over EUR 2.5 million for youth global HR solutions company has a global, This year, among 49,000 charities through our amazing colleagues, programme-based foundation that is focused clients and associates who dedicate their participants we logged on creating social impact in the employment time to sport. space. This social innovation lab allows us 7,328,932km, which to scope and pilot new solutions through Every year a group of 70 Win4Youth translated into a donation short-cycle development projects, which can Ambassadors are selected to face our then be shared more widely. Thus, we have the highlight challenge – which is likely to be of CHF 500,000 divided opportunity to create ripples of impact across the sporting challenge of their lives. They among six charities. our industry, our clients and the workforce train together, support each other and at large.
12 The Adecco Group Way to Work Today, 71 million young people are unemployed. Yet 40% of employers say that lack of experience is the main barrier to hiring young people. The ultimate goal of Way to Work is to positively impact the lives of young people, to prepare them for future employment, and to empower them with the skills and experience necessary to navigate and succeed in the world of work. Over the past five years, Way to Work has evolved tools, support and programming to enable The Athlete Career Programme helps elite athletes transition into the labour market. this transition. It has two primary components: CEO for One Month and Experience Work Day. Athlete Career Programme Global collaboration Apprenticeships and internships Under the Group, but aligned with the In addition, the Group works with a aims of the Foundation, the Athlete Career number of global and regional bodies to Programme (ACP) supports Paralympic, further policies, programmes and practice 11,000+ Olympic and other elite athletes with career that support employment and skills across Work-based training provided within our own training and employment. From workshops to specific communities. operations and in cooperation with our clients individual advice, the programme aids elite ‘Experience Work Day’ athletes as they build employable skills ICRC alongside their athletic careers. Since its In 2017, the Adecco Group Foundation joined inception, the programme has reached more the International Committee of the Red Cross’ 9,000 than 40,000 athletes from over 185 countries. (ICRC) Corporate Support Group and kicked Young people from 46 countries participated off a strategic partnership. The initial three- year collaboration will focus on supporting CEO for One Month In the past year we have and growing the ICRC’s Physical Rehabilitation Programme (PRP), which uses sport to enable started two thought the rehabilitation and social inclusion of people leadership projects with an impairment, in conflict zones and other 117,222 fragile environments. Candidates attracted, a testament to the supporting athletes to build programme’s success in helping young people to transition into work a business career alongside Plan International At the end of 2017, the Foundation and Plan CEO for One Month their sport career. International launched a new collaboration. This global programme invites young people In addition to becoming the charity partner for Win4Youth, Plan International will team up to demonstrate their leadership potential, In 2017, the 8th IOC ACP Forum was held with the Foundation to focus on co-creation innovation and creativity to shape the profile in Beijing and provided a unique opportunity of new solutions to help young people in of the ‘CEO of the future’. They participate in for over 80 participants to exchange best marginalised groups to build the skills and a series of challenges, first at the country level, practice, gain from global learnings, and confidence to make the transition to the and one is selected to shadow the national refine the strategy to continue to enhance world of work. Adecco Group CEO for One Month, working the programme. Participants included side by side to see the life of a busy and representatives from National Olympic Nestlé Alliance for YOUth influential executive. Then the 48 country-level Committees, Adecco Group ACP managers CEOs for One Month participate in a rigorous and leadership, the IOC and IOC Athletes As a member of the Nestlé Alliance for process of individual and collaborative Commission, and invited guests. YOUth, the Foundation supports the network’s projects, individual assessments and a engagement with policy-makers across Europe collective bootcamp. The selected Global CEO Sustainability and to help young people to prepare for the world for One Month has the opportunity to shadow social responsibility of work and to provide meaningful work the Adecco Group CEO, Alain Dehaze, for experience and training opportunities. one month. Similarly, the Foundation will work in close collaboration with the sustainability Global Apprenticeship Network Experience Work Day function within the Group. By joining forces The Adecco Group and the Foundation Experience Work Day is designed to provide a to showcase shared value creation and how are committed to promoting and facilitating hands-on taste of the working world for young it is embedded in the group, the Foundation apprenticeships as an answer to youth people. It is underpinned by two concepts, and sustainability can strengthen social value unemployment and skills mismatch. Through ‘open doors’ and ‘shadow your dream’. This as a competitive asset for the Company. engagement with the Global Apprenticeship year over 4,000 Adecco Group employees Network, the Foundation will continue to track became mentors for one day, sharing their global best practices alongside the Group’s expertise with over 9,000 young people, own pilot programmes, to identify promising across 46 countries. models that could be scaled or replicated.
The Adecco Group 13 Find out more online
adeccogroup.com