Deregulation

A driver of market growth we try to influence as much as possible is deregulation. While deregulation is a well-known and accepted term, we stress that we are not looking for a system without rules. In fact, we strive on the one hand for the lifting of unjustified restrictions in overregulated markets, and on the other for a fair and effective regulatory environment in markets where this has yet to be introduced. New opportunities continue to open up as governments increasingly recognize the need for flexibility in their labor market. In terms of the countries that together contribute a large portion of Randstad?s revenue, a major step forward was taken on October 22, 2008, when the European Parliament adopted the Agency Work Directive. It recognizes the positive role of agency work, provides more flexibility, and must be implemented by all EU member states in their national legislation by 2012. A very positive aspect of the Directive is the obligatory revision of all restrictions on temporary agency staffing in the coming three years, and the subsequent lifting of those that are unjustified or disproportionate, such as the bans on the use of temporary agency workers in the public sector in France, Belgium and Spain. The removal of restrictions in terms of contracts and sectors we can serve will significantly accelerate growth in many of our key European markets.

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