Hudson Global

Hudson Global Inc. (HSON) is a global talent solutions company headquartered in New York, NY. The company’s core service offerings include Permanent Recruitment, Temporary Contracting, Recruitment Process Outsourcing ("RPO") and Talent Management Solutions. ^[6]

Hudson’s Q1 2017 financial results were as follows:
• Revenue of $103.4 million increased 2.2 percent from the first quarter of 2016 and increased 5.4 percent in constant currency.
• Gross margin of $42.4 million increased 2.8 percent from the first quarter of 2016 and increased 6.0 percent in constant currency.
• Net loss of $1.3 million, or $0.04 per basic and diluted share, compared with net loss of $3.5 million, or $0.10 per basic and diluted share, for the first quarter of 2016.
• Adjusted EBITDA (non-GAAP earnings before interest, income taxes, depreciation and amortization, non-operating income, goodwill and other impairment charges, business reorganization expenses, stock-based compensation expense and other expenses) of $0.4 million, compared with an adjusted EBITDA loss of $2.0 million in the first quarter of 2016.^[7]

History

Hudson Global, Inc. was originally spun off as Hudson Highland Group (NASDAQ : HHGP) on March 31, 2003,^[4] from the former eResourcing and Executive Search business units of TMP Worldwide Inc. - a human capital provider.

On April 26, 2012, Hudson announced a corporate name change to Hudson Global, Inc. and company's shares began trading in NASDAQ, under its new symbol "HSON" from April 30, 2012.^[3]

Hudson was founded in 2003 and was previously part of the TMP Worldwide Group. In 1999, TMP Worldwide Group engaged in an unprecedented period of strategic acquisition, buying 67 specialist recruitment companies worldwide to become one of the largest staffing companies in the world. The recruitment division of TMP Worldwide Group de-merged from the wider business on 1 April 2003 to form Hudson Global Resources, and on the 1 January 2004 Hudson Global Resources Ltd re-branded as Hudson to provide a single brand identity with which to approach the market. However the legacy of the business can be traced back to 1967.

Organization and operations

Hudson operates in 12 countries with three geographic business segments:^[6]

• Hudson Americas (based in New York City)
• Hudson Asia Pacific (based in Sydney)
• Hudson Europe (based in London )

Services

Hudson delivers enterprise as well as smaller scale assignments to businesses operating in many industries. Its services focus on providing specialized professional staffing, interim management and recruitment process outsourcing, related project management, management consulting and talent management services.^[2]

Operating Industries

• Financial Services: Banking, Accounting, Capital Markets, Insurance
• Products: Human Resources, Sales and Marketing, Manufacturing and Industrial, Supply Chain and Procurement, Retail, Consumer Goods and Services, Infrastructure and Transportation Services, Health and Life Sciences
• Defense, Media and High Tech: Defense and Aerospace, IT&T, Media / PR / Advertising
• Resources: Chemicals, Energy, Natural Resources, Utilities
• Public Sector: Public Sector

Services

• Assessment & Selection
• Blended Workforce Solutions
• Contract and Temporary Recruitment
• Digital Solutions
• Employer Branding & Sourcing Innovation^[8]
• InGenium Technology
• Leadership Development
• Organizational Design & Management
• Outplacement & Career Transition
• Permanent Recruitment
• Predictive Talent Analytics
• Recruitment Process Outsourcing (ISO 9000 certified)
• Risk Management & Compliance
• Retained Search
• Specialty Talent Pools
• Talent Management^{[9][10][11][12]}

Marketing and branding

Hudson formerly used the tagline "From great people to great performance.";^[13][14][15] however, in 2016 the tagline was updated to "Great People. Great Performance.", which appears on the company's logo.^[16]

Leadership

Chairman of the Board:

• Jon Chait (March 2003 till February 2011)^[17][18]
• Manuel Marquez (March 2011 till May 2015)^[19]
• David G. Offensend (May 2015 till present)^[20]

Chief executive officer:

• Jon Chait (March 2003 till February 2011)^[17][18]
• Manuel Marquez (March 2011 till May 2015)^[19]
• Stephen Nolan (May 2015 till present)^[20]

See also

• Hudson Global Inc was spun off from TMP Worldwide Inc.

References