28 Facts About Randstad Holding

Randstad Holding NV, commonly known as Randstad Holding and stylized as randstad, is a Dutch multinational human resource consulting firm headquartered in Diemen, Netherlands.

Randstad Holding NV is listed as RAND on the AEX of Euronext Amsterdam.

Randstad Holding is named after the Randstad region of the Netherlands.

Randstad Holding specializes in human resource services for temporary and permanent jobs, including contract staffing of professionals and senior managers.

In most of these countries, Randstad Holding works according to a unit structure, whereby each unit consists of two consultants who are responsible for service provision to clients and selecting candidates.

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Randstad Holding promotes these activities under two brand names: Randstad Holding and Tempo Team.

Separate division of Randstad Holding focuses on recruiting supervisors, managers, professionals, interim specialists, and advisors.

Randstad Holding was a sponsor of the English Formula 1 team Williams F1 from 2006 until 2017.

From 2019, Randstad Holding is the sponsor of the Italian Formula 1 team Scuderia Toro Rosso.

Randstad Holding was founded in 1960 by Frits Goldschmeding and Ger Daleboudt, who were both studying economics at the time at VU University Amsterdam.

From 1965, Randstad Holding opened a branch in Brussels, in 1967, in London and in 1968 in Dusseldorf, Germany.

However, Randstad Holding felt that it was finding jobs for people who would not otherwise be active on the labor market.

In 1978, Randstad Holding NV was therefore founded as a holding company to accommodate all the divisions.

However, predicting correctly when the economy would recover, Randstad Holding shifted its focus towards growth instead of cost reduction.

Randstad Holding maintained the brand name but differentiated the Tempo-Team brand by aiming at more experienced staff.

Randstad Holding's turnover rose from 204 million euros in 1983, to 518 million euros in 1985.

In 1988, Randstad Holding embarked on a stock market flotation which took place on 5 June 1990.

Randstad Holding was succeeded by Hans Zwarts, who embarked on more acquisitions.

However, these acquisitions and problems with integrating them into Randstad Holding caused 2000 and 2001 profits, and the share price, to fall.

Randstad Holding's aims were to develop a better strategy for internationalization and substantially cut costs.

Randstad Holding's strategy was successful; in 2003, the net profit was 77.

Randstad Holding entered the market in Portugal, Hungary, Turkey, Poland and Japan.

The Randstad Holding Award is based on the results of the largest employment survey into employer branding research across the world and designed to uncover how employers are perceived in the eyes of today's job seekers.

In 2019, according to Staffing Industry Analysts' Largest Global Staffing Firms 2019 list Randstad Holding become largest staffing and recruitment company in terms of revenue.

In 2010, Randstad Holding celebrated its fiftieth anniversary, marked by the publication of the book Randstad Holding Mensenwerk compiled by Professor Fred Emmer, professor emeritus at Leiden University.

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In 2019, Google contracted with Randstad Holding to collect data for its Pixel 4 facial recognition authentication feature.

Randstad Holding stated that, after hearing concerns about how information was presented to participants and obtaining consent, the project was temporarily suspended and project leaders were retrained.

In March 2011, Frits Goldschmeding, original founder of Randstad Holding, resigned as vice chairman of the Supervisory Board.