Flexibility in the European labor marketChristos MisailidisVice PresidentZone Director Adecco Eastern Europe

We help over 500,000 people find work every day through our network of more than 32,000 full-time employees and over 5,500 offices in more than 60 countries and territories.

The Adecco Group is the world’s leading provider of HR solutions. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement.

Adecco Group operates

in over 60 countries

and territories worldwide

Our global reach

Adecco Eastern Europe Region

•Operations in 13 countries:

Bulgaria, Croatia, Czech Republic,

Greece, Hungary, Poland,

Romania, Russia, Serbia, Slovakia,

Slovenia, Turkey, Ukraine

•500 offices

•2,000 internal FTEs

•More than 5,000 regular clients

•Over 35,000 associates at work

daily

•More than 15,000 permanent

placements yearly

Adecco Eastern Europe Region

Main services provided in Eastern Europe:

• Temporary Service: Flexible staffing service backed by customized skills evaluation, transparent costs

and simplified invoicing. Client-companies work with a single point of contact that delivers high calibre

associates within guaranteed time frames.

• Permanent Placement: A dedicated Adecco consultant makes onsite visits to the client and learns their

requirements in order to provide a qualified shortlist of career-minded candidates. The consultants handle

the details at every stage – from private interviewing facilities to regular service monitoring and reviews.

• Outsourcing: It is an end-to-end solution for project management. Adecco recruits the right people,

trains them, supplies the necessary technical infrastructure, manages them and ensures the end goals set

by the clients are diligently met. Adecco is responsible for all details of the project organization; the client

only has to make sure they are well aware of their business requirements and operational goals, so that

Adecco can deliver them accordingly.

• Outplacement: Certified in outplacement programs consultants that take advantage of the expertise in

the field acquired by Lee Hecht Harrison, a subsidiary of Adecco Group and world leader in restructuring

services, ensure that client-companies can be reorganised successfully in case of restructuring and

support the reintegration of the employees in the job market.

Temporary work market in Romania

• In 2004 (when Temporary work and agencies where for the first time

mentioned in the labor law) the market consisted of 4.000 temp associates.

(Penetration rate of 0,09 % vs 1,5% average on EU countries)

• In 2010 the service developed and temps increase to 50.000. Thanks to the

new Labor Code and the alignment to the temporary work law according to the

EU regulation the number is expected to increase in the near future.

(Penetration rate of 1,11% vs 1,7% average on EU countries)

• In September 27, 2010 the 7 leading companies operating within the HR

services field in Romania have founded the Romanian Staffing Association

(ARAMT), an NGO striving to ensure flexibility in the labor market and creation

of new jobs.

Adecco Romania

• Established in Romania in 2000

• Market Share: 15%

• Founding member of ARAMT (Romanian Association of Temporary Work Agencies)

• Partner of Romanian Olympic Committee

• Adecco Romania administrates and collaborates with over 8.000 associates yearly

Temporary Work Services

DefinitionTemporary employment agencies undertake the selection, hiring and administration of employees, so as to cover the temporary HR needs of the companies for a specific time period the maximum of which is set by local laws.The agency is the direct employer of the employees and the client is the indirect employer that partly has the management of the employees.

Temporary Employment can be demonstrated by the following scheme:

Adecco

EmployeeClient

Company

Selection and Hiring of the employee -Contract between Adecco and employee

Contract between Adecco and client company

Management of the employee-Partial assignment of management to the client-company

Temporary Work

Benefits for clients:

•Seasonal needs, trial periods for new employees and temporary

replacements are efficiently met

•The companies remain high productive in seasonal peaks

•Companies’ competitiveness increase and hence the economy

develops

•Executives of companies focus on strategic issues

•The positions are fast and efficiently covered

•The cost for companies which choose temporary employment can

be strictly controlled and budgeted in advance

Benefits for the labor market:

•Increase of corporate and national productivity

•Creation of new job positions – reduction of the unemployment

rate and of the undeclared work

Temporary Work

Benefits for employees:

•Development of employees’ skills and abilities and work

experience enrichment.

• Access to the labor market

•Access to a permanent desired job - 30% of Temporary

Employment positions annually turn to permanent

placements

•Flexibility in work life and priority to private life -

employees with demanding daily schedules like new

mothers or employees who have dependent members in

their families can remain active and productive in the labor

market.

Facts & Figures for the European Market

2008 - 2010

CIETT Economic report 2010

Eurociett Agency Work Business Indicator – Feb. 2011

Evolution of private employment agencies turnover on main EU markets

Employment agencies have tripled their turnover in 2010 in comparison to 2008 when the Global crisis affected the markets.

Sweden (+42% in Q4), Poland (+31% in Q4) and France (+20.5% in December) have performed particularly strongly.

•Temporary work facilitates transitions in the labor market.

• Between 2003 and 2006 the private employment agency industry created

669,000 net additional jobs in Europe (CIETT data)

• Agency work contributes to reducing unemployment especially by serving as a stepping-

stone into the labor market.

• More people are employed after working as an agency worker than before.

• The higher the agency work penetration rate the lower the level of undeclared work.

• Vulnerable target groups use agency work as a means of entering the labor market.

Conclusions: How Temporary work contributes to a better functioning labor market

Thank you!