Adecco and Randstad aim to develop, strengthen and expand their search and selection processes for qualified candidates, particularly for management and executive positions in Uruguay.

Adecco, which has operated in Uruguay since 1997, expects to increase its market positioning and invest in independent infrastructure to their traditional services offices. In addition to hiring a larger number of specialized consultants. The Swiss company has already moved its headhunter operations to the World Trade Center offices in Montevideo, to follow the strategy of creating independent offices from its traditional business. The company has office, industrial, “new technologies” and professional arms to its business in the country.

Randstad’s goal for this year is to develop its Professionals unit in Uruguay. If they succeed, they may make this business unit independent from their traditional services. They are also looking to increase their market position. In our list of the Largest Private Employment Agencies in Uruguay based on 2014 revenue, they are currently ranked 6^thdespite only operating in the country since 2013. Adecco are ranked number two behind ManpowerGroup.

The Uruguayan market is small but has attractive profit margins. Uruguay is the only South American country that has ratified ILO’s Convention 181 on private employment agencies. However, the ratification has not yet been followed through by way of regulation yet.

Uruguay is also an ideal market to develop shared services centres on a regional level. It is a predictable market, with legal certainty and good indicators with regards to economic freedom and ease of doing business.

Members may read more in our report, Largest Private Employment Agencies in Uruguay, which they can access here: http://www.staffingindustry.com/row_member/Research-Publications/Research-Topics/Asia-Pacific-Latin-America-Middle-East-Africa/Largest-Private-Employment-Agencies-in-Uruguay-2014