Futurestep, a division of Korn/Ferry International Inc. (NYSE: KFY), yesterday announced that its contract to provide recruitment process outsourcing (RPO) and consulting services to Fonterra, New Zealand's largest employer, has been extended by five years.

Futurestep has worked with Fonterra for six years to address the company's evolving talent acquisition and management needs. With the contract extension, Futurestep will provide permanent and temporary staffing for up to mid-senior level management. Futurestep expects to make 2,000 placements per year and will handle internal candidate management, project recruitment, graduate and employee referral program management, as well as management of its recruiting technology.

A farmer-owned co-op, Fonterra is a dairy processor. It supplies dairy ingredients to many of the world's leading food companies and markets many of its own consumer dairy brands in Australia/New Zealand, Asia/Africa, Middle East and Latin America. It has 16,000 workers.

"While our talent acquisition needs are constantly evolving, Futurestep's consistent, effective and transparent recruitment process provides Fonterra with the flexibility and responsiveness to address those needs," said Katrina Ritchie of Fonterra. "It is a strategic advantage that has served Fonterra well since the initial RPO implementation and is one that will continue to deliver benefits well into the future."