Persol Holdings

Last updated
Persol Holdings
Company type Conglomerate
Industry Labour hire, Human Resources
Founder Yoshiko Shinohara
Headquarters Japan
Revenue970.57bn jpy  (2020)
7.61bn jpy  (2020)
Total equity 351.27bn jpy  (2020)
Number of employees
~45,180 (2020)
Subsidiaries Programmed Maintenance, Skilled Group
Website https://www.persol-group.co.jp/en

Persol Holdings (rebranded from Temp Holdings) is a Japanese human resource management company, that provides labour hire services to clients.

Corporate history

The company was founded as 'Temp Holdings' in 1973 by Yoshiko Shinohara in her apartment. At the time, temporary staffing was an illegal form of employment in Japan, and Yoshiko was concerned that her company's illegal activities would cause her to be imprisoned. [1] The temporary staffing industry was eventually legalised and regulated in Japan through the 1985 Worker Dispatch Law. [2] [3]

Until 1988, the management of Temp holdings was exclusively female. [1]

As of 2016, the company collects revenues of US$4.5 billion. [4]

It is one of Japan's largest staffing companies, with 32,000 employees and a market cap of $5.7B as of 2017. [5]

In October 2017, it acquired the Australian labour hire company Programmed Maintenance for $778M. [6]

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<span class="mw-page-title-main">Temporary work</span> Type of employment

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Temp or Temps may refer to:

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Yoshiko Shinohara is a Japanese businesswoman and philanthropist. Shinohara founded Persol Holdings in 1973, leading the company until she retired while taking on the role of chairman emeritus in 2016. In 2017, she became the first woman in Japan to become a self-made billionaire.

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<span class="mw-page-title-main">Programmed Maintenance</span>

Programmed Maintenance Services Limited, also known as Programmed is a Japanese Labour hire and Recruitment company, specialising in blue-collar services. It is headquartered in Melbourne, Australia. Programmed is a wholly owned subsidiary of Persol Holdings, a human resource conglomerate headquartered in Tokyo.

References

  1. 1 2 Clifford, Catherine (24 January 2017). "Japan's first self-made woman billionaire began with an idea that could have sent her to jail". CNBC. Archived from the original on 13 November 2020. Retrieved 24 July 2020.
  2. "Act for Securing the Proper Operation of Worker Dispatching Undertakings and Improved Working Conditions for Dispatched Workers" (PDF). Japanese Cabinet Secretariat. March 2007. Archived from the original (PDF) on 21 May 2009. Retrieved 3 April 2009.
  3. Shire, Karen; Van Jaarsveld, Danielle D. (2008). "The Temporary Staffing Industry in Protected Employment Economies: Germany, Japan and the Netherlands". 2008 Industry Studies Conference Paper. SSRN   1126820.
  4. "Meet Japan's First Self-Made Woman Billionaire". Forbes.com. Archived from the original on 31 March 2017. Retrieved 30 March 2017.
  5. "Japan's Persol snaps up Programmed Maintenance Services in $778m takeover deal". Australian Financial Review. 14 July 2017. Archived from the original on 24 July 2020. Retrieved 24 July 2020.
  6. "Programmed Maintenance shares soar on $778m takeover bid". www.abc.net.au. 14 July 2017. Archived from the original on 16 May 2018. Retrieved 24 July 2020.