In 2015, Randstad acquired RiseSmart as part of a broader strategy to become the leading global player in the outplacement industry. The signed agreement with Sageco further underscores this global mission. Sageco provides specialized solutions for workforces facing organizational shifts due to redeployment, redundancy, retirement, role, and leadership changes. Sageco has deep expertise in career, mature age, and executive transitions through its large staff and broad presence in 10 locations across Australia and New Zealand.
"Combining the power of Randstad's HR industry expertise with Sageco's local connections and RiseSmart's progressive outplacement offerings allows us to deliver highly differentiated solutions and tangible results to our multinational customers," said Sanjay Sathe, president and CEO at RiseSmart. "It also sends a strong message that we're delivering on Randstad's 'Tech & Touch' approach for outplacement and quickly fulfilling our mission of becoming the global market leader in career transition solutions."
Alison Monroe, national director, Australia New Zealand for the new Sageco, said, "With this acquisition, we bring together Sageco's holistic approach, RiseSmart's innovative technology platforms and Randstad's experience and global reach. The new Sageco will no doubt be a force and market leader in Australia and the Asia Pacific region."
With offices throughout the U.S., Canada and India, RiseSmart is leading the industry with its proprietary outplacement model, achieving job-landing rates 60 percent faster than the national average and customer retention rates of 98 percent.
RiseSmart, a Randstad company, is the leading provider of contemporary career transition services and serves organizations in more than 40 industries. Since 2007, RiseSmart's contemporary approach to outplacement – which combines personalized services from trained professionals with proprietary cloud-based technology – has earned awards and recognition from more than a dozen organizations, including Bersin by Deloitte, Gartner Inc., the Brandon Hall Group and Best Workplaces for Women by Fortune magazine. As an operating company of Randstad, a top provider of outsourcing, staffing, consulting and workforce solutions that places more than 600,000 people in new roles every day, RiseSmart delivers meaningful results with landing rates exceeding 80 percent and time-to-placement averages 60 percent faster than national averages. For more information about RiseSmart's career transition solutions, visit www.risesmart.com.
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