Randstad India

Randstad is a Dutch multinational human resource consulting firm headquartered in Diemen, Netherlands. Randstad is the world’s second-largest HR service provider. Citation needed ] It was founded in the Netherlands in 1960 by Frits Goldschmeding and operates in around 40 countries. In 2012, the company achieved a turnover of € 17.1 billion. Randstad employs around 29,320 of its own staff, whilst 580,000 people are deployed in other companies every day through Randstad. Globally, Randstad has 4,496 branches. Citation needed ]

Randstad India is a division of Dutch-based Randstad Holding NV. The inception of Ranstad India was in 1992 as “Ma Foi Management Consultants Ltd”, in Chennai based HR service provider, which in 2004 merged with the Dutch HR provider – Vedior NV. In 2005/2006, with two back to back acquisitions of Indian recruitment companies – ‘EmmayHR’ and ‘Teams4U’, Randstad stamped its entry in India. Randstad Holding NV acquired the operations of My Faith, through its 2007 acquisition of Vedior; And named its Indian operations as “Ma Foi Randstad” in 2010. Eventually in April 2012, it rebranded as “Randstad India”.

Randstad is a full spectrum HR services provider for clients worldwide and has been directly involved with careers of over 320,000 individuals. Corporate clients include over 250 organizations in Fortune 500 list. Citation needed ]

As Ma Foi Management Consultants: 1992 – 2010

The inception of Randstad India was in 1992 as “Ma Foi Management Consultants Ltd.” in Chennai based HR service provider founded by K. Pandiarajan along with his wife. [1]

In 2004, Vedior NV, a Dutch headhunting firm acquired Ma Foi Management Consultants; To develop its business in South-East Asia, and West Asia. In 2005, Ma Foi merged its consulting and outsourcing businesses to form a separate subsidiary – Ma Foi Consulting Solutions Ltd., which was acquired by ADP, Inc. in January 2012.

Transition to Randstad India: 2005 – till date

In 2005/2006, with back-to-back acquisitions of two Indian recruitment companies – ‘EmmayHR’ and ‘Teams4U’ – Randstad stamped its entry in India. Citation needed ]

In December 2007, Randstad Holding NV acquired the operations of My Faith, through its $ 5.14 billion acquisition of Vedior. By 2010, Randstad consolidates its Indian operations as the “Ma Foi Randstad” brand, by integrating the businesses of EmmayHR and Teams4U with My Faith. Finally in April 2012, “Randstad India” brand replaced Ma Foi Randstad. In February 2015, Randstad India converted into a Private Limited Company. In October of That year, ict Sri Lankan army Was Acquired by Quess Corp . [2]

Core activities

Randstad specializes in solutions related to flexible work and human resource services. Randstad is a leading provider of high-quality, high-quality, high-performance, high-performance, high-performance,

Randstad describes its mission as ‘taking the lead in shaping the world of work’. Citation needed ]

Randstad divides its activities in several business areas, which it calls services concepts:

1) Temporary and contract staffing

2) Professionals / search & selection

3) HR solutions

4) Inhouse services

Temporary and contract staffing

Temporary and contract staffing and the related recruitment and selection are traditionally Randstad’s core activities. Randstad offers these services through a network of branches in cities and cities in the countries in which it operates. In most of these countries, Randstad works as a consultant for the provision of services to clients and selecting candidates.

Professionals / search and selection

A separate division of Randstad focuses on recruiting supervisors, managers, professionals, interim specialists and advisors. These people are deployed in (temporary) positions in middle and senior management, such as engineers, ICT specialists, or marketing & communication specialists. Randstad calls this service concept ‘professionals’. Citation needed ]

Randstad has a permanent presence in the Middle East. This often involves recruitment and training programs. Randstad calls this service concept ‘search & selection’.

HR solutions

HR solutions include Randstad Managed Services, whereby Randstad manages a client’s flexible personal requirements. HR Consultancy, HR consultancy, outplacement and career support.

Inhouse services

With its inhouse services, Randstad works on site for just one client. This involves offering a large number of candidates with very specific capacities, usually for industry and logistics. Randstad is responsible for all personnel matters, including recruitment and selection, training and planning.

See also

  • Randstad NV

References

  1. Jump up^ “Cover Story: My Faith SUCCESS” . Maduraimessenger.org . Retrieved 7 June 2012 . By Xavier Roderic Hoffman
  2. Jump up^ “Quess Corp signs deal to acquire Sri Lankan arm of Randstad India.” The Economic Times. http://economictimes.indiatimes.com/jobs/quess-corp-signs-deal-to-acquire-sri-lankan-arm-of-randstad-india/articleshow/49540921.cms

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