Adecco Jobmarket 2010 (2)

2010 Job market perspectives


Although we are still some way from a full economic upturn,

we have made considerable strides. But getting to this place

certainly hasn’t been easy, especially for the American workforce.

In December 2008, the National Bureau of Economic Research’s declaration of

an official economic recession was paired with news that our country had already

been in the grips of a downturn for a full year. Events such as the collapse and failure

of major economic institutions sparked significant market declines and subsequent

ripple effects that were felt across Wall Street and Main Street and from board rooms

to cubicles in most workplaces across America.

The road to recovery.


While these are

all encouraging

signs, surviving

the economic

upturn —

u-shaped

or otherwise —

will require the

same foresight

and agility

as did surviving

the recession.

2009 saw some of the steepest job cuts in American history. Unemployment reached 10.1% before year-end and job losses totaled 7.7 million sincethe start of the recession in late 2007. Beyondeconomic volatility, the word “change” tookon a whole new meaning in 2009 with majorshifts in the U.S. political framework. A newpresidential administration came into officeand quickly enacted a federal stimulus to help kick start the recovery.

However, in the fourth quarter of 2009 the initial signs of economic recovery, or at least stability, began to quell months of fear and uncertainty. GDP grew again in the third quarter, initial jobless claims stabilized, corporate earnings showed signs of life and demand for temporaryworkers increased — all indicators that the light at the end of the tunnel is gettingbrighter.

Adecco Group’s 2010 Job market perspectives report explores the current and future state of the labor market, piecing together where the present realityfalls on both global and historic scales.

It looks beyond the numbers to provide a holistic analysis of the employment situation nationally and outlines the status of job opportunities both by region and industry, aimed at helping you to best position your organization and your career for a successful ride back up.


Where we’ve been:

New presidential administrationfocuses on a stimulus.

President Obama’s $700 billionAmerican Recovery and Reinvestment Act was signed shortly after he came into office with the goal ofstimulating the U.S. economy through an infusion of capital that would hopefully spureconomic and jobs growth. According to anAdecco Group survey conducted in February,73% of workers believed that the stimuluspackage would successfully create thepromised 3.5 million jobs and a follow-upsurvey conducted at the half-year pointshowed similar levels of confidence in thestimulus package.

In July, the unemployment rate continued to rise, but, for the first time since the start of the recession, the rate of job losses slowed,showing some signs of encouragement

around the success of the stimulus package.These slowdowns continued steadily as the year progressed, but skepticism aroundthe impact of stimulus efforts persisted as theunemployment rate broke 10% in October.

Sep

08

Oct

08

Nov

08

Dec

08

Jan

09

Feb

09

Mar

09

Apr

09

May

09

Jun

09

Jul 0

9

Aug

09

Sep

09

Oct

09

Nov

09

Dec

09

6.2 6.6 6.97.4 7.7

8.28.6 8.9

9.4 9.5 9.4 9.7 9.8 10.1 10 10

Monthly unemployment rate

Source: Bureau of Labor Statistics


Opposing views on the impact of the stimulus package.

The stimulus will have created or saved about 1.5 million jobs by the end of September 2009.” Congressional Budget Office projection

Is the private sector actually ready to pick it up once public support is scaled back? We won't see robust growth until 2011.” Joseph Brusuelas, top economist for Moody’s Economy.com

I don’t see the green sector providing the stimulus that the economy needs... either in terms of jobs or in terms of the positive impact on the trade balance, because the U.S. relies too heavily on foreign countries to source goods needed for a green economy.” Samuel Sherraden, policy analyst, New America Foundation

“

“

“

Just as Lehman Brothers’ 2008 bankruptcyshook the stability of jobs in financial services,Detroit’s crisis in 2009 further confirmedwhat was known for many years, namelythat the U.S. economy is increasingly relianton the professional services and technologysectors. The ongoing challenge of a shrinkingmanufacturing economy is retraining themillions of Americans displaced from manu-facturing jobs so that they can fill vacant jobs in emerging fields and industries.

According to the Bureau of Labor Statistics,there were more than 2.5 million unfilledjobs at the end of Q309. Of those, 422,000were in professional and business servicesand another 534,000 were in education and health services.

Despite the dismal reports of unemploymentand the weakness in today’s job market,there remains a wide range of opportunitiesavailable, especially for skilled professionalsin accounting and finance, engineering, IT and healthcare. Job seekers should looktoward aligning their skills with industriesand professions that will be positively impacted by investments from the stimuluspackage and increased job opportunities for financial services and legal professionalsfrom TARP oversight. Some of the opportu-nities created by TARP and governmentaloversight include forensic accountants, management accountants, and internal auditors.


Where we’ve been:

American giants fail and collapse.


Jobs added and lost by industryFebruary 2009 - February 2010

-200K

-150K

-100K

-50K

0

50K

100K

Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb 09 09 09 09 09 09 09 09 09 09 09 10 10

Employment services

-200K

-150K

-100K

-50K

0K

50K

100K


1

Manufacturing

-200K

-150K

-100K

-50K

0K

50K

100K


Temporary

-200K

-150K

-100K

-50K

0K

50K

100K


Construction

-200K

-150K

-100K

-50K

0K

50K

100K


Professional services

-200K

-150K

-100K

-50K

0K

50K

100K


-2 3 -1 0

IT

-200K

-150K

-100K

-50K

0K

50K

100K


Healthcare

-200K

-150K

-100K

-50K

0K

50K

100K


Financial services

-200K

-150K

-100K

-50K

0K

50K

100K


-.5 -.5 .2

Education Source: Bureau of Labor Statistics


Where we’ve been:

A global perspective.

According to the Organisation for EconomicCo-operation and Development (OECD), theaverage global unemployment rate reachedeight percent by mid-year 2009, lower thanthe U.S. average for the same time period atjust over nine percent (9.1%). Unlike previousrecessions, in 2009 the U.S. found itself outpaced in the speed of recovery by its European allies. In fact, even as the U.S. unemployment rate continued to climb during the first half of 2009, Germany,France, and Italy reported significant dropsin unemployment between Q1 and Q2.

Unemployment varies widely around theworld – unemployment rates among ourOECD allies in Asia are significantly lowerthan the rates seen in Western countries.The export driven economies of Japan and Korea are feeling the impact of the

recession, but they trail the U.S. as the impact of lowered consumer/supply-chaindemand follows an extended downturn. The labor markets in Japan and Korea arereporting steep declines, but unemploymentrates remain considerably lower than theU.S. for the time being.

Global unemployment rates, as of mid-2009.

Japan 5.2%

UK 7.6%

Italy 7.4%

Canada 8.4%

U.S. 9.1%

Germany 7.5%

France 9.2%

Spain 17.9%

South Korea 3.8%

Source: Organisation for Economic Co-operation and Development (OECD)


1958 1968 1978 1988 1998 2008

U.S. unemployment rates, 1958-2008

Source: Bureau of Labor Statistics

10%

9%

8%

7%

6%

5%

4%

3%

2%

1%

The economics:

Looking backward and forward to put today in perspective.

Feelings of uneasiness and concern typicallyintensify when the unemployment rate risesbeyond the six percent mark. During the last 50 years, the national unemploymentrate has fluctuated from four percent to 10 percent. In August of 2009, the unem-ployment rate reached 9.7 percent for onlythe second time since World War II, andeconomists were correct in their predictionthat unemployment would reach 10 percentby the year’s end as we hit that mark in October. So, while the U.S. economy is beginning to show signs of improvement,2010 will likely begin with the highest unemployment rate recorded since theGreat Depression.

Of the four periods of economic contractiondefined as recessions since World War II, the current recession is tracking to be thelongest on record. Previously, the 1981-82 recessions held this record, spanning 14months. The current recession began in December of 2007, and will likely continuethrough the first quarter of 2010, spanningmore than two years.

While “green shoots” in the economy havebeen identified and are sparking optimism,comparing the current state of the job market to historical trends underscores thedepth of our economic crisis and the longpath to recovery.


The outcome of Congressional debate in the last months of 2009 may impact theroles and responsibilities of employersand employees for a long time to come.While healthcare has dominated the legislative landscape, it won’t be the only issue on the Congressionalhorizon. The Employee Free Choice Act has also been frontand center with much debateover the role of unions in today’s workplace.

As bills move through Congress, watchclosely as they are amended in committee — they could impact you and your company. As the proposed legislationbecomes more definitive, employers will be required to take the steps to

insure workplace compliance andsmart organizations should

be thinking about preparing for these outcomes before

they are mandated.

Where we’ve been:

A shifting political agenda.

Look at the legislative schedule to be sure you are familiar with all the upcoming issues. Among other things, upcoming legislation could imposestricter e-verify policies for new employees, new “pay-for-performance”rules, and substantial amendments to the Worker Adjustment and RetrainingNotification Act.


Since June 2009, men have lost 74 percentof the 6.4 million jobs eliminated since therecession began in December 2007. Somehave speculated that fewer women havelost their jobs during the downturn as a result of inequality in pay. If this speculationis correct, a workforce dominated by womenmay overturn the status quo.

For the most part, job losses have been particularly severe for men in this recessionbecause the industries that have been hardest hit are historically dominated bymale workers — construction, manufacturing,and financial services. Regardless, whetheryou are a man or woman in a contracting industry, you should consider how your skills

transfer to growing industries such as technology, medicine, and education.

Businesses should continue to strive to recognize and encourage the talents of allemployees. Companies cannot ignore theneeds of an evolving workforce and remaina competitive employer of choice. Employersof choice will have programs in place thatare designed to attract and retain the bestpeople for the job, regardless of gender. As the workplace becomes more diverse,being an employer of choice will require developing a workforce that celebrates the diversity of talent and accommodates a multitude of lifestyle and cultural needs.

Where we’ve been:

Workforce demographics are changing.

USA Today reported in early September that women are on the verge

of outnumbering men in the workforce for the first time, a historic

reversal caused by long-term changes in women’s career patterns

and massive job losses for men during the current recession.


The most serious threat to managers in this recession may be the talent flight that is anticipated at the first sign of true recovery. Every company’s greatest asset is its human capital, and an Adecco Groupsurvey conducted in mid-2009 indicated that most employers will see an unprece-dented exodus of talent when the job market rebounds.

At Adecco Group, we are now seeing a shift in perspective for many of the 500,000workers we interact with in North Americawho are moving further from a mindset of“I’m just happy to have a job.” Our researchfound that more than half (54%) of employedAmericans report that they are likely to lookfor new jobs once the economy turns around.Further, the youngest employees (who bringa lot of new ideas and skills to the table) are knocking on your competitors’ doors.Seventy-one percent of those between 18and 29 years old are likely to look for newjobs once the upturn begins.

Why are workers looking to jump ship?

Signs point to several key drivers of job satisfaction, including compensation andmanagement. An Adecco Group survey conducted in September of 2009 showedthat two-thirds (66%) of American workersare not currently satisfied with their compen-sation and 68 percent of workers are not

satisfied with their company’s contribution to their retirement plans. Additionally, 78 percent of American workers are not satisfiedwith their company’s overall retention effortsand 76 percent are not satisfied about future career growth opportunities at theircompany.

Almost half (48%) of workers are not satisfiedwith the relationship they have with theirboss and the majority (59%) of workers arenot satisfied with the level of support they receive from their colleagues. Further, themajority of workers (77%) are not satisfiedwith the strategy and vision of the company and its leadership.

So, sentiment is changing and not necessarily going in the right direction. While workers may have been satisfied with their employment situation in 2009, as the economy improves, their satisfaction level may quickly change along with it.

Where we’ve been:

A new mindset for American workers.


Situation overview.

Now that healthcare reform is law, weshould keep an eye on how increased access to medical benefits will likely worsenthe talent shortage in this sector. If the current shortages in specialized medicalfields worsen, expect government incentivesto motivate workers to retrain for thesefields. The BLS is predicting shortages in avariety of fields including registered nurses,pharmacists, and paramedics. As thehealthcare job market heats up, medicalprofessionals will gain even more leveragewith prospective employers, making the industry more lucrative.

Areas in demand.

We’ll have to wait and see how the health-care reform bill will impact the job market.What we know now is that healthcare isamong the strongest, if not the strongest,American industry. The healthcare field remains an industry of promise for job seekers in the future and those looking to retrain and transfer their skills for work in growing fields.

Sources: BLS, New York TimesStats as of September 2009

Current Projected 2016 Projected Jobemployment employment need growthin millions in millions in millions

1 Registered nurse 2.5 3.01 1.0 23%2 Home health aide 0.787 1.17 0.454 27%3 Medical assistant 0.417 0.565 0.199 27%4 Pharmacy tech 0.285 0.376 0.178 27%5 Medical secretary 0.112 0.133 0.013 9-17%6 Dental assistant 0.280 0.362 0.130 27%7 Healthcare administrator 0.262 0.305 0.092 9-17%8 Medical records & health information technician 0.170 0.200 0.076 18-26%9 Physical therapist 0.173 0.220 0.068 27%10 EMT & paramedic 0.201 0.240 0.062 18-26%

Unemploymentrate

6.1%(education and health services)

Number of American workers

16 million

2008-09 changein workforce

+418,000workers

Regions in high demand

All

Where the jobs are:

Healthcare


Where the jobs are:

Finance & accounting

Situation overview.

While the financial crises of the past twoyears have negatively impacted many finance professionals, one occupation that has not felt the same sort of pain is accounting and corporate finance. Througheverything that’s happened in our economy,a few financial functions have increased in importance. These include risk manage-ment, auditing, financial analysis, budgeting,collections and regulatory accounting —all of which are accounting and corporate finance skill areas.

Areas in demand.

The increased need for this kind of financetalent is due to the continuously changingregulatory environment. While many com-panies have been able to overcome the SOX hump, new compliance and regulatorystandards coming in the form of XBRL andIFRS will require the right people to imple-ment these new systems and ensure theyare integrated successfully. Beyond this, the AICPA projects that three-quarters of the field will reach retirement age by 2020,

leaving a huge skill gap and high demandfor talent in the coming years and putting increased pressure on employers to deployjust the right recruitment and retentionstrategies to be successful. These dynamicsmake it clear that accounting is and will continue to be one true bright spot within the financial job market.

Sources: Ajilon Finance 2009 Salary Guide, CFO Research, AICPAStats as of September 2009

Unemploymentrate

7%


800,000


-169,000workers

Hottest areas

NY, TX,CA, IL

Hottest jobs: Accounts receivable/collections, financial analysts, regulatory accountants

How do you feel about your job security today, compared to a year ago?

I feel my job security is about the same 60%

I feel my job is somewhat less secure 18%

I feel my job is somewhat more secure 11%

I feel my job is much less secure 7%

I feel my job is much more secure 4%

Source: 2009 Ajilon Finance/CFO Research


Where the jobs are:

Information technology

Situation overview.

Compared to 2008, at the end of Q309,there were 60,000 less IT jobs in the U.S., reflecting short-term cost-cutting by employersand the reduction in the IT investment thattypically made businesses run more smoothly.Regardless of what happens during this recession, an effective IT strategy continuesto be closely tied to business success and innovation, and this job sector will inevitablyrebound. As companies focus on survivingthe upturn, the IT industry’s highly skilled and specialized workers will be in demand.

Areas in demand.

The IT space represents a home for a limitedgroup of highly specialized individuals,which helps to keep the demand for theseprofessionals high at all times. We foreseethis demand continuing in the near term, especially for computer and information systems managers as well as applicationdevelopers, who will especially be needed to help companies navigate the next techno-logical evolution and wave of development.

Top desired skills for tech workers.

• Entry-level employees– Problem solving– Ethics & tolerance– Communication (oral & written)– Collaboration; teams– Business analysis– Functional area knowledge

• Mid-level hires– Ethics & tolerance– Problem solving– Communication (oral & written)– Collaboration; teams– Project leadership– Decision making

Sources: BLS, Society for Information ManagementStats as of September 2009

Unemploymentrate

1.0%


2.5 million


-169,000workers


PacificNorthwest


Where the jobs are:

Legal

Situation overview.

As a whole, the legal profession has sufferedgreatly from the recession. The freezing ofthe credit markets has put a halt to a lot ofthe merger, acquisition and investment dealsthat kept many firms busy in recent years.Further, real estate lawyers, particular thosefocused on residential real estate have alsobeen hit particularly hard.

Areas in demand.

In times of trouble, opportunity can abound.Sections of the legal profession such ascommercial litigation and bankruptcy lawhave been booming as a result of the currenteconomic turmoil. Lawyers with expertise in these areas are largely sought after and will continue to be in the near future.Additionally, healthcare and environmentallaw are still particularly strong areas of the profession as litigation and casework in these segments continues to grow.

As law firms and in-house legal teams lookto manage their costs closely, opportunitiesare created for paralegals and legal assis-tants who can take on some responsibilities

that were traditionally handled by lawyers. This results in increasing demand for highlyqualified paralegal and legal assistants.

In addition, legal professionals who are currently employed can expect to stay employed for the time being. Layoffs andcost-cutting at firms has almost grinded to a halt. As stability sets in, expect manyemployed legal professionals to explore the job market.

Sources: Lawshucks.comStats as of September 2009


1.2 million

0

200

400

600

800

1,000

1,200

1,400

1,600Ja

n

Feb

Mar

Apr

May Jun Jul

Aug

148 158

301353

121

219

157229

305

858

369

799

928

550

1,302

1,477

753

526391

148

79

176132 141

4954

35 0102 71

352

5


-34,200workers


Northeast,West

Law Shucks BigLaw layoffs by week, 2009.

Source: Lawshucks.com


Where the jobs are:

Engineering

Situation overview.

Engineering talent can be hard to find, and these professionals will continue to bein high demand. As the federal government injected funding into research and technol-ogy, it created job openings requiring highlyspecialized talent. In fact, many expertsagree that it may take the U.S. workforce a number of years to gain sufficient training for these roles, which could lead to outsourcing.

Despite this high demand, attracting peopleto the profession has been a challenge.Masters degree enrollments in engineering,after peaking at 91,000 in 2003, declined to 83,000 over the course of the decade,while PhD enrollments have leveled off at57,000. However, enrollment numbers onlytell a partial story: the ratio of enrollmentrates versus graduation rates paints an even bleaker picture, with only 55 percent of those enrolled in undergraduate engineering programs completing their degrees.

Areas in demand.

According to NACE and the Bureau of Labor Statistics, the engineering specialtiesin highest demand (and also the highestpaying) include:

• Petroleum engineering$83,121 average starting salary offer

• Chemical engineering$64,902 average starting salary offer

• Mining engineering$64,404 average starting salary offer

• Computer engineering$61,738 average starting salary offer

• Computer science$61,407 average starting salary offer

Sources: NACE, BLSStats as of September 2009


1.4 million


-60,000workers


Midwest,South


Where the jobs are:

Manufacturing

Situation overview.

Manufacturing has been one of the hardesthit sectors during the recent economic turmoil. While the majority of the job losseswere concentrated in housing and automanufacturing related areas, the industrycontinues to be a dominant portion of ourworkforce. In fact, standing alone, U.S. manufacturing would be the eighth largesteconomy in the world. Hardest hit areas of the industry continue to be those most directly related to the construction industryas well as automobile manufacturing.Chrysler and GM announced bankruptciesthat resulted in massive layoffs and buy-outs, which are likely to continue in 2010 and slow when consumer confidence gains strength.

Areas in demand.

One potential sign of life for the industrycould come in the form of “green manufac-turing.” These jobs failed to materialize atthe rate originally hoped for, in fact, manyAmericans believed they would materializein time to save employees displaced by theauto industry. However, a great potential for this industry remains unfulfilled. For example, according to a report by the Energy Department, the United States couldmake wind energy the source of one-fifth of our electricity by 2030, up from about 2 percent today. This sort of revolutionaryshift would require nearly $500 billion in new construction and could potentiallyadd more than three million jobs, meaningrenewed opportunity for growth for the manufacturing industry. Until these jobs materialize, the outlook for the manufac-turing industry remains bleak.

Sources: New York Times, BLS, NAMStats as of September 2009

Unemploymentrate

12.4%


11 million


-1,600,000workers


Midwest,South


NortheastHub industries include: Professional/financial services, education, medical and science research, healthcare and technology.

• Much of the stability in this region is due to the high concentration of service-providing, highly skilled labor opportunities.

• Industries such as professional services, education and healthcare all have large hubs in the Northeast and, as these industries continue to grow, job opportunities will be strong.

• The financial services sector has been one of the hardest hit portions of the economy, inside and outside of the mortgage space; however, growth in accounting jobs has helped sustain employment.

• As Wall Street remains in flux due to the meltdown of the financial sector, jobs in the Northeast stand to benefit most from the colossal bailout; however, it will take time for the economy and job market to begin to feel the benefits and recover from the credit freeze.

Sources: BLS, MetroWest Economic Research Center,New York Times, New Jersey Department of Labor and Workforce Development, Associated Press

MidwestHub industries include: Manufacturing, construction, technology.

• The Midwest — the hub of the U.S. manufacturing industry — has endured the majority of the negative impact from the downturn in this sector; however, there is still demand for business and professional services as well as skilled manufacturing workers.

• Government incentives have helped to grow jobs in some of those hardest hit sectors. One good example is tax incentives provided to production companies who have increased TV and film production in the Midwest over the past year — bringing much needed jobs to the area.

• The heart of the American auto industry is located in the Midwest and has suffered monumental job cuts and remains in a state of contraction and transition.

• On April 30, 2009, Chrysler announced bankruptcy plans, shortly followed by General Motors on June 1, 2009. The closure of auto plants in the Midwest caused the region to suffer the highest unemployment rates in the country during 2009.

Sources: BLS, Associated Press

Where the jobs are:

By region


Where the jobs are:

By region

WestHub industries include: IT, engineering, finance/accounting.

• The West has seen the largest year-over-year unemployment increase as compared to the other regions, rising by 1.8 percent from September 2007 to September 2008.

• The financial and housing crises have had a big impact on California’s job market as the state unemployment rate rose to its highest level in 12 years in 2008 largely due to a halt in construction activity, falling home prices, and a decrease in consumer spending.

• California's Silicon Valley area has held its own despite the turmoil in the rest of the state. California is home to the highest number of tech workers in the country.

• Las Vegas continues to see job growth in the hospitality jobs category but construc-tion has slowed, hindering the economic acceleration seen in recent years.

• Washington has enjoyed job growth in the education, healthcare and publishing sectors. According to the state’s chief economist, the “economy is substantially better than it was during the 2001 recession, when Washington’s employ-ment level declined for 20 consecutive months.”

Sources: BLS, California EDD, Los Angeles Times, the Las Vegas Review-Journal, Washington Employee Security Department

SouthHub industries include: Engineering, healthcare, construction,technology, professional services.

• Population declines and migration to more lucrative areas, as well as farming and manufacturing declines have saddled the southern economy since the end of the 20th century.

• The South has been one of the most stable regions, with unemployment remaining below the national average throughout 2009.

• More than any other region, the South benefits from a hybrid economy with a good mix of goods- and service- producing jobs that have allowed the region to maintain stability through the current economic turmoil.

• While major cities in every state in the south have experienced higher year-over-year job loss than their respective state’s average, Atlanta bucks the trend. Atlanta’s pace of job loss was significantly slower than the state of Georgia’s partly due to an influx of construction jobs as home values in the city begin to rise again.

Sources: BLS, Associated Press, Miami Herald, Dallas Morning News, Wall Street Journal

Mountain

Middle Atlantic

New England

South Atlantic

D.C.

EastSouth

CentralWest South Central

West NorthCentral East North

Central

Pacific


12.0% or higher

10.0% to 11.9%

8.0% to 9.9%

6.0% to 7.9%

5.9% or lower

( U.S. rate = 9.7%)

Note: The ranges used to depict data in this chart were updated beginning with July 2009 data to reflect current economic conditions.

Unemployment rates by state.Seasonally adjusted, August 2009


2009 will be remembered as a time of great change in America, a time that changedour perception of how the economy works and where we, as American workers, fit into that cycle. Although we are far from a full upturn, 2010 is likely to be a time of hesitant confidence. From employee to employer, citizen to politician, and consumerto business owner, economic recovery will depend on the resilience of the Americanworkforce. If history is any indication of our success in that area, we’re headed in the right direction.

Over the years, the U.S. economy has shown a remarkableability to absorb shocks of all kinds, to recover, and to continueto grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.” Ben Bernanke, Chairman of the Federal Reserve

“

A time of hesitant confidence.

©2010 Adecco

877.8.adeccoadeccousa.com

About the Adecco GroupThe Adecco Group, based in Zurich, Switzerland, is the world’s leading provider of HR solutions. With over 29,000 full-time employees and more than 5,800 offices,in over 60 countries and territories around the world, Adecco Group offers a wide variety of services, connecting more than 500,000 colleagues with over 100,000clients every day. The services offered fall into the broad categories of temporarystaffing, permanent placement, outsourcing, consulting and outplacement. The Adecco Group is a Fortune Global 500 company.

Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) with listings on the SIX Swiss Exchange (ADEN) and on Euronext in France ADE).

Adecco Group North AmericaEvery day, we provide our clients with the talent they need and help solve the business challenges they face today — and will encounter tomorrow. Our clients rely on us for a wide range of workforce solutions including:

• Contingent staffing and direct hire recruitment for large enterprise organizations across all skill sets

• Workforce solutions and consulting including Managed Services Programs (MSP) and Recruitment Process Outsourcing (RPO)

• Career transition and leadership consulting

• Specialty staffing, project solutions and consulting services

Additional information is available on our website adeccousa.com.

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Adecco Jobmarket 2010 (2)