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You may not have heard of Faro Recruitment but this worldwide staffing group is galloping its way through the recession and has grown by stealth to become a diverse recruitment group with a global footprint to die for…. With a track record spanning almost thirty years, 80 offices in fifteen countries in a range of vertical market niches and over 1000 employees, Faro Recruitment Group is the international staffing business of Japanese conglomerate The Okano Group. The business rebranded as Faro after Okano sold its Japanese staffing business to Recruit Co in December 2007. That left a recruitment business spanning Europe, the Fast forward to 2009 and following a detailed strategic review of all its operations Faro appointed Brendan Flood as Chief Executive Officer, previously a senior executive at “Faro is principally a temporary contracting business - a sector which accounts for around 90% of our revenue” explains Flood. “That, coupled with our extensive global footprint, has helped us to ride out this recession through visibility and spreading our risk. We are also increasingly engaging in more group wide activity from client sharing through to funding. In addition, we have a very well developed training and coaching business which complements our core activities”. Operating in the professional staffing, light industrial and hospitality sectors, the group operates on a partnership basis with each of the operating units’ former owners retaining minority interests and remaining as the local executive management teams. “In this way, the goals of the group and the local management are more easily aligned than in other traditional buy and build schemes,” adds Flood. “Each business was acquired because of its niche focus, its longevity in its respective markets and its strong customer relationships.” Faro operates as an umbrella identity for the Group and is the brand name for the Asia Pacific businesses. In the western hemisphere though, the businesses trade under their pre-acquisition legacy names: People First in the So why Faro? “It means ‘lighthouse’ in Italian, Portuguese and Spanish”, says Lythgoe, “an image that is fitting for a group that acts as a beacon - not only bringing together businesses, employers and jobseekers, but also searching out new opportunities to enable us to continually enhance our service offering.” New horizons The aim over the next few years is to develop a larger permanent business while expanding the existing offerings to new clients and new geographical regions but it’s not all about buy and build. “We will look at strategic acquisitions but will also not be afraid of launching new businesses where we believe there is potential to tap into new profit streams” says Flood. A great example of this is Faro Digital Media which launched in And against a backdrop of economic gloom, this recruiter does certainly seem to be bucking the trend by tailoring its service to respond to a market known to have an appetite for less traditional ways of doing business. “This is a market that is not really telephone based,” says Manager James Nicholls. “I’m more likely to get hold of my clients via twitter than I am by phoning them. It’s also a market that has a requirement for very niche skill sets - these people don’t look for jobs in a traditional way - sourcing this sort of talent is much more about getting involved in their networks.” “We have already looked at other geographies for the roll out of this business such as Hong Kong and New York”, adds Lythgoe, “both of which have a ready market place which is virtually untapped and we will use the success of the UK business as a platform for the aggressive expansion of the brand.” In terms of other new markets, Faro has already established strategic alliances with US based FA&OWorks (Finance); SiriusWorks (IT) and Barrister Works (Legal). “This not only works as a valuable revenue generator but also helps to build our experience in potential future market sectors” says Brendan Flood. Across the Pond In fact the But The French (and Swiss) Connection Back in Europe, The Partner Finance Group based in “There are many benefits of being part of Faro,” says Tamagnaud. “It has allowed us to accelerate our national growth while still retaining our own set of values which contributed so much to our initial success. Consequently we now have operations in And just across the border in Switzerland, Interiman, founded in 1998 has carved an enviable reputation for itself in the field of temporary and more recently permanent recruitment across a range of diverse commercial and industrial sectors. Interiman operates as a network of agencies - Interiman itself is dedicated to the service sector while Interima services the industrial and construction sectors. Albedis, also part of Interiman, specialises in executive appointments. “Becoming part of Faro allowed us to think locally but act globally” says Director Robin Gordon. “It’s about connecting the local with the global, connecting individuals with the worldwide system in which they operate. For Albedis, the Faro network is invaluable. It’s now supported by an international network of companies and offices, giving it rapid access to expertise from different regions and resulting in an excellent knowledge of the economic fabric of local communities. That’s a great differentiator in a competitive market.” “Faro as a group operates very much as we do”, continues Gordon. “All the agencies within the Interiman network are organized as small, independent teams - all the partner companies in Faro operate as independent entities even though they are part of a greater whole - and so when Faro approached us to join them in 2006, there was a natural synergy.” But no matter how independent the individual brands are, what is absolutely key with a business as globally and sectorally diverse as Faro is a group infrastructure that works. As Lythgoe puts it: “The trouble with most global players in diverse markets with differing brands is that they talk about cross selling but rarely get their act together to do it properly - mainly because there isn’t the commitment at group level to put the systems in place to really make it happen. Our view is that you have to have an infrastructure that evolves with the group. That’s why, as the organisation expands its services, we are also expanding and improving the infrastructure. By utilising the information we gather during extensive financial and IT reviews, we are able to implement a centralised reporting model which allows all management teams to make informed fact based decisions.” “This is already resulting in a growing number of cross border initiatives,” says Lythgoe. “Our But it doesn’t stop there. Lythgoe is also working on the development of a new internal communications platform which will encourage further cross selling and greater company interaction. An ambitious new recruitment website is in the pipeline which will centralise the advertising of all global vacancies in different languages ranging from Portuguese to Vietnamese. “We’ve appointed 4Mat to work with us on this complicated development project”, says Lythgoe. “It will entail both front end and admin/consultant translation to allow all our offices to use it.” Lythgoe adds that face to face communication is also high on the agenda. “We have a twice yearly international summit where all our brands get together - this not only helps people understand the group ethos and strategic direction - but also gives them a breadth of knowledge and perspective across industries and geographies that would be difficult to achieve anywhere else.” And that joined up thinking is very much on the agenda of another Cue Faro Recruitment, who approached People First in 2002. “It was serendipity”, recalls The world is getting smaller, and where once the thought of recruiting someone from another country was seen as a major task, today we are just one big global market place- a fact that Faro has been quick to capitalise upon. “Operating a global network of recruitment companies means that we have a massive international talent pool”, says Flood. “That’s a very powerful proposition for a recruitment group working in a market where most organisations, no matter what their size, are now able to operate on an international scale.”
View our recent press release: http://www.24-7pressrelease.com/press-release/faro-recruitment-blazing-the-way-forward-86922.php
On January 19, 2009, Faro Recruitment Vietnam JSC (formerly TT Royal Human Resources Management JSC) officially launches its new brand after almost 3 years in of operations in the capital, Hanoi and in Ho Chi Minh City. Services include Executive Search, Temporary Staffing, Outsourcing (Contract Payroll & Payroll Administration), and Other Human Resource Compliance Services.
With a team of dedicated and professional consultants with local market expertise, Faro Recruitment Vietnam’s vision is to be a leading HR company in Vietnam and world-class staffing solutions provider, known for its exceptional services to clients and job seekers. Please visit http://www.vn.farorecruitment.com for more details!
From January 2009, our United Kingdom Office, People First, has pledged to plant a tree each time a candidate is successfully introduced to a client company. People First has also decided to invest further in Trees for Cities rather than sending Christmas cards this year.
Faro Recruitment first entered the Greater China through a Hong Kong branch in January 1988. It has grown into a well-known player in the recruiting industry for multinational, Japanese, and local clients. (1/3) Events![]()
As a valued customer, you are cordially invited to our Anniversary Party to enjoy the fun-filled evening of authentic German bites, selection of beers and all night dancing and laughter ( http://www.gbfhk.com)
On November 12, 2008, Helen Pflug and Nicola Peverell, from our UK Office, People First MULTILINGUAL, attended the Regent’s College Careers Fair in Central London. The fair was attended by a number of organisations, including banks and retail companies, to promote their organisations and to meet potential future employees. Commenting on the event, Helen said: “This was the first time People First MULTILINGUAL attended the event, and we didn’t know what to expect. However, we were very pleased with the response we received from the students, and the calibre of the potential candidates we met throughout the afternoon; all spoke at least one other language and there were a variety of degree disciplines, from finance to supply chain. We would definitely consider participating again next year.”
Based on the concept of a "Smokefree Olympics" and Decree N. 204 of the Beijing Municipal Government, the Smokefree Worksite Initiative is designed to encourage companies to eliminate smoking in all indoor worksites; and conform to the goals of the Framework Convention on Tobacco Control (FCTC). Since the Initiative launched in June 2008, Faro Recruitment (China) is 1 of 74 companies that have signed and attended the press conference at Johnson & Johnson Pavilion in the Olympic Village in Beijing. |
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