Persol Holdings
TypeConglomerate
IndustryLabour hire, Human Resources
FounderYoshiko Shinohara
HeadquartersJapan
Revenue970.57bn jpy (2020)
7.61bn jpy (2020)
Total equity351.27bn jpy (2020)
Number of employees
~45,180 (2020)
SubsidiariesProgrammed Maintenance, Skilled Group
Websitehttps://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]

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. 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. {{cite web}}: Missing or empty |url= (help)
  4. ↑ "Meet Japan's First Self-Made Woman Billionaire". Forbes.com. Retrieved 30 March 2017.
  5. ↑ "Japan's Persol snaps up Programmed Maintenance Services in $778m takeover deal". Australian Financial Review. 14 July 2017. Retrieved 24 July 2020.
  6. ↑ "Programmed Maintenance shares soar on $778m takeover bid". www.abc.net.au. 14 July 2017. Retrieved 24 July 2020.


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