SarBox hiring to continue into 2005
Sarbanes Oxley legislation continues to boost profits at temporary recruitment agency Manpower with recruitment expected to continue into 2005, new results reveal.
Revenues at Manpower’s Jefferson Wells unit, which recently set up offices in the UK, more than tripled in the third quarter as companies and firms scrabble to hire staff to ensure compliance with the new requirements enshrined in the US laws.
Manpower said it expected the surge in SarBox-related recruitment to continue into 2005, reported The Financial Times.
Jeff Joerres, chairman and chief executive of Manpower, told investors the company had about 450 accounts generated by Sarbanes Oxley work, with many smaller companies yet to get started on compliance work.