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H.I.G. Capital Acquires Majority Stake in office people
HAMBURG – April 12, 2023 – H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $55 billion of equity capital under management, is pleased to announce that an affiliate has acquired a majority stake in office people GmbH (“office people”) establishing a partnership with founder Olaf Hansen and the management team. office people is one of the leading companies for personnel management and temporary staffing in Germany. The company specializes in personnel leasing, personnel placement, and master vendor management and offers additional solutions such as on-site management and EU recruiting. The transaction is subject to regulatory approval. Terms were not disclosed.
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FAQs
What is temporary employment?
In temporary employment, a personnel service provider transfers staff to a client company. The temporary worker signs an employment contract with the staffing company and works in the respective client company. The temporary worker therefore has the advantage of getting to know different companies, specialist areas and activities, and may also be recommended to be directly hired by the client company.
Who is office people?
office people Personalmanagement GmbH is one of Germany’s leading personnel service providers with over 9,000 employees at more than 100 locations. Moreover, office people is the only company listed in the Lünendonk index that is growing exclusively organically and solely from its own resources.
We bring thousands of people together every day with our extensive network of clients and operate as an established personnel service provider with years of market expertise. We support, advise and relieve our portfolio clients, including through master vendor and on-site management.
Our aim is to design personnel services in such a way that they are attractive for all parties involved and offer clear added value – for the employee, the hirer and the lender.
Our cooperation is based on mutual trust since SUCCESS IS MADE BY PEOPLE.
We bring thousands of people together every day with our extensive network of clients and operate as an established personnel service provider with years of market expertise. We support, advise and relieve our portfolio clients, including through master vendor and on-site management.
Our aim is to design personnel services in such a way that they are attractive for all parties involved and offer clear added value – for the employee, the hirer and the lender.
Our cooperation is based on mutual trust since SUCCESS IS MADE BY PEOPLE.
Which collective agreement does office people use?
Temporary agency workers are subject to the collective agreement on temporary work concluded between the Confederation of German Trade Unions (Deutscher Gewerkschaftsbund, DGB) and the Association of German Temporary Employment Agencies (Interessenverband Deutscher Zeitarbeitsunternehmen e. V., iGZ).
What are the potential earnings?
Temporary agency workers and their employment relationship with office people are subject to the collective agreement on temporary work concluded between the Confederation of German Trade Unions (Deutscher Gewerkschaftsbund, DGB) and the Association of German Temporary Employment Agencies (Interessenverband Deutscher Zeitarbeitsunternehmen e. V., iGZ). Temporary agency workers who have special knowledge and qualifications that are in demand may also be paid in excess of the collective agreement rate. In addition, there may be premiums available depending on the industry and the duration of the assignment.
Is there a transport service available?
office people employees are able to access our own transport service and thus can be brought from their place of residence to their place of work and back again.
This pick-up and drop-off service provides both our employees and clients alike with extensive security. As such, our employees are reliably brought to the place of work and taken home again at any time of the day or night, without falling back on public transport.
This pick-up and drop-off service provides both our employees and clients alike with extensive security. As such, our employees are reliably brought to the place of work and taken home again at any time of the day or night, without falling back on public transport.