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Businesses turn to ManpowerGroup when they need flexible staffing or help filling permanent jobs. Through Manpower and Experis, it recruits workers who carry out assignments under clients’ supervision; Experis focuses on IT professionals and project services. Temporary and contract staffing generates most revenue, with clients paying a fixed rate for each hour worked. The company generally pays these workers before collecting from clients, so expanding staffing activity requires cash to bridge that gap. It also earns placement fees for filling permanent positions.
Through Talent Solutions, the company takes over clients’ recruiting processes and manages their staffing suppliers. Its Right Management business helps employees manage careers and find new work after losing their jobs. Demand for this outplacement service typically rises during downturns, when staffing demand falls.
Large national and multinational businesses supply most revenue, but no single client accounts for a significant share. These customers often use several staffing firms. The business depends on employers’ hiring needs and the company’s ability to recruit suitable workers, with Europe accounting for most revenue. Local employment rules also limit its services: Mexico broadly prohibits traditional temporary staffing, allowing outsourced-worker assignments only for special projects outside a client’s core business, while some countries require equal pay for temporary workers.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
ManpowerGroup’s results depend chiefly on global demand for temporary labor, especially in Europe, making Adecco Group and Randstad important comparisons missing from this list.
Kelly Services competes with ManpowerGroup for employers paying for industrial, office and technology workers, as well as help running recruitment and managing temporary-workforce suppliers. Kelly’s North American light-industrial and office staffing business offers a comparison for demand facing Manpower, while its outsourced recruitment business overlaps with Talent Solutions.
Robert Half competes with ManpowerGroup for employers hiring administrative, technology and other professional staff on contracts or into permanent jobs. Its contract-talent and permanent-placement revenue are the relevant comparisons for ManpowerGroup’s professional recruitment business, rather than its separate Protiviti consulting segment.
Trueblue, Inc. competes with ManpowerGroup’s industrial staffing business to supply manufacturing, transportation and other labor-intensive employers with temporary general and skilled workers. Demand for short-term assignments at its PeopleReady business is a useful comparison for the flexible labor clients buy from Manpower.
Kforce competes directly with ManpowerGroup’s Experis to provide companies with technology contractors and project teams. Technology generates 93% of Kforce’s revenue, making that business a focused comparison for Experis IT demand, whose weakness reduced ManpowerGroup’s U.S. revenue in 2025.
Everforth, Inc. competes with ManpowerGroup’s Experis for enterprises paying for IT professionals on temporary assignments and technology project delivery. Its commercial IT business serving Fortune 1000 and large mid-market clients is the relevant demand comparison; the supplied 2025 ASGN results also include a separate federal-government segment.
Korn Ferry competes with ManpowerGroup for employers outsourcing recruitment, hiring interim and professional talent, or buying workforce consulting. Watch new business and fee revenue in Korn Ferry’s Workforce Solutions grouping, which covers outsourced recruitment and interim talent and offers a comparison for Talent Solutions and temporary hiring demand.
Circle8 Group, Inc. competes with ManpowerGroup through Lyneer’s North American commercial staffing and its acquired European technology staffing operations, serving employers that also buy Manpower and Experis services. Keep the two demand signals separate: Lyneer’s food-production, manufacturing and logistics staffing was part of 2025 operations, while European technology staffing entered through the January 23, 2026 acquisition and did not contribute to 2025 results.
HireQuest, Inc.’s franchisees compete with ManpowerGroup’s branches and franchises for employers buying light-industrial, administrative and professional recruitment services. Its Snelling and HireQuest operations, which supply longer-term light-industrial and administrative staff, offer a closer comparison for Manpower’s staffing demand than its daily construction work.
Robert Half Inc. earningsRHI
Robert Half’s contract-talent and permanent-placement businesses show how employers are buying professional hiring services, a market where ManpowerGroup also competes.
Read contract-talent revenue alongside permanent-placement revenue: the first reflects employer spending on temporary professionals, while the second reflects fees when permanent candidates are placed. Strength in both would suggest demand for these services is holding up; weakness in either would show where employers are pulling back and give a comparison for ManpowerGroup’s related business, not a result for ManpowerGroup itself.
Initial Jobless Claims (Oct/17)
Weekly jobless claims count new applications for unemployment benefits; rising claims can signal weaker client demand for ManpowerGroup’s staffing and recruitment, which earn fees for workers placed or hours worked.
Expected200.0KLast release199.0K
If it comes in above expectations
If the reading is above the 200.0K estimate, it is above the previous 199.0K. More claims can signal rising layoffs and weakening employment, leading clients to reduce or defer hiring and staffing needs; fewer placements and hours could lower ManpowerGroup’s related revenue.
If it comes in below expectations
Fewer claims suggest employment is holding up, which may support clients’ hiring and staffing needs and sustain ManpowerGroup’s placements and service hours.
Kforce Inc. earningsKFRC
Kforce’s technology business shows how companies are buying technology contractors and project teams, the same market where it competes with ManpowerGroup’s Experis.
Look at revenue and growth in Kforce’s technology business. A recovery or steady results would suggest companies are still funding technology contractors and project delivery, easing the demand pressure facing Experis; further weakness would point to continued restraint in that spending and a tougher market for Experis’s technology staffing and project services.
Trueblue, Inc. earningsTBI
TrueBlue’s PeopleReady business shows demand for short-term workers in manufacturing, transportation and other labor-intensive industries, a useful comparison for ManpowerGroup’s industrial staffing.
Watch whether PeopleReady’s short-term staffing demand improves, and whether revenue follows. Strength in both would suggest labor-intensive employers are still using flexible workers, supporting the market for ManpowerGroup’s industrial staffing; weakness in both would point to clients cutting or delaying short-term assignments.
JOLTs Job Openings (Sep)
Job openings track employers’ unfilled jobs; more openings can lift demand for ManpowerGroup’s staffing and recruitment services, which earn fees for workers placed or hours worked.
Expected7.0MLast release7.079M
If it comes in above expectations
More openings can bring clients seeking workers to ManpowerGroup, supporting staffing hours and recruitment placements; stronger demand may also increase wage pressure and the cost of supplying workers.
If it comes in below expectations
If the reading is below the 7.0M estimate, it is below the previous 7.079M. Fewer openings can mean fewer clients seeking workers, reducing staffing hours and recruitment placements and the related fees ManpowerGroup earns.
Non Farm Payrolls (Oct)
Payrolls track changes in the number of jobs; stronger employment can increase clients’ use of ManpowerGroup’s staffing and recruiting services, which earn fees for workers placed or hours worked.
More jobs added point to stronger hiring demand that may support ManpowerGroup’s staffing hours and recruitment placements; fewer jobs added point to weaker demand that may reduce those services.
Korn Ferry earningsKFY
New business and fee revenue in Korn Ferry’s Workforce Solutions show whether employers are outsourcing recruitment and interim-talent work, services that overlap with ManpowerGroup’s Talent Solutions.
Read Workforce Solutions’ new business alongside its fee revenue. Strength in both would suggest employers continue outsourcing recruitment and interim-talent work, supporting demand for ManpowerGroup’s Talent Solutions; weakness in both would indicate that companies may be delaying or reducing those engagements, making the market harder for both providers.
