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ManpowerGroup Collaborates with Rockwell to Train Veterans


Leading staffing company, ManpowerGroup Inc. MAN recently collaborated with Rockwell Automation Inc. ROK to train 1,000 military veterans for advanced manufacturing jobs.

Both the companies will work closely together, utilizing existing programs to train veterans in advanced digital manufacturing jobs and other higher-tech roles in the industry. Per a survey conducted by ManpowerGroup, most U.S. employers anticipate that at a higher skill level automation will increase the headcount.

The program expands Rockwell's existing Engineer-in-Training program, which combines classroom learning with hands-on laboratory experience. This is part of ManpowerGroup's MyPath program which focuses on narrowing the skill gap by building talent and skills clients need while offering guidance and access to jobs that improve employability.

Incorporating the expertise and experience of the world's largest staffing company with the world leading innovative workforce solutions, the companies have developed a groundbreaking program that will augment growth of the manufacturing sector.

ManpowerGroup has outperformed the Zacks categorized Staffing Firms industry with an average return of 4.1% in the last three months against a decline of 1.2% for the latter. ManpowerGroup is continuously making significant investments to expand permanent recruitment solutions offerings. Management continues to believe that global recovery is on track but at a slow and uneven pace. As a result, it is focusing on internal drivers like disciplined pricing and tough control on productivity to ensure uninterrupted profitability.

Founded in 1948 and headquartered in Milwaukee, WI, ManpowerGroup is the global leader in the employment services industry and has a well-established network of 2,900 offices in 80 countries. The company was formerly known as Manpower Inc. and changed its name to ManpowerGroup in Mar 2011. The company offers its services to approximately 400,000 clients, including small and medium sized enterprises across all industry sectors as well as the world's largest multinational corporations.

ManpowerGroup currently carries a Zacks Rank #3 (Hold). A couple better-ranked stocks in the industry include BG Staffing, Inc. BGSF and Randstad Holding NV RANJY. Both stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BG Staffing is currently trading at a forward P/E of 16.7x.

Randstad has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 12.8x.

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