Workforce sees drop in profit, confirming difficult environm

Workforce sees drop in profit, confirming difficult environment


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Decline in staffing, recruitment and training see revenues fall by R500m.
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The group saw a recovery in outsourced staffing requirements in the second half of 2020, indicating a more cautious approach by its clients. Image: Shutterstock
While Workforce Holdings has expanded its operations to offer financial services and general and occupational healthcare solutions to its clients and their workers, the company is still highly reliant on its core business of providing workers to its corporate clients and jobs to the workers on its books.
Thus, its results for the year to end December paint a fairly accurate picture of what’s happening in the labour market.

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