The Randstad branch in Sneek is not individually or independently owned (it is not a franchise). Instead, it operates as a directly managed corporate branch under Randstad Groep Nederland, which is part of the publicly traded parent company Randstad N.V. (headquartered in Diemen, Netherlands).
Ownership Structure Breakdown
| Level | Controlling Entity / Key Figures |
|---|---|
| Parent Company | Randstad N.V. (Publicly listed on Euronext Amsterdam under ticker RAND) |
| Major Shareholder | Stichting Stad en Lant (the private foundation representing the estate and family of Randstad founder Frits Goldschmeding, holding ~33% of shares and voting rights) |
| Global Leadership | Sander van ‚t Noordende (CEO, Randstad N.V.) |
| Dutch Operations | Jeroen Tiel (CEO, Randstad Groep Nederland) |
| Sneek Location | Managed directly by local Account Managers and Branch Consultants (intercedenten) employed by Randstad Nederland. |
The market cap of Randstad is 7,14 billion Euro’s. One share is: 40,58
Reint Jelger: If an employee gets 18 euro’s per hour, how much does the company have to pay Randstad per hour?
Gemini: If an employee earns a gross wage of €18.00 per hour, the company hiring them through Randstad typically pays between €34.20 and €45.00 per hour (excl. VAT).
Randstad—and the Dutch staffing industry in general—calculates its billing rate using a multiplier known as the omrekenfactor (conversion factor).
The client billing rate is calculated using the formula:
Hourly Bill Rate=Gross Employee Hourly Wage×Conversion Factor
Standard Staffing (Uitzenden)
- Typical Factor: 1.9 to 2.5 (Randstad’s average standard benchmark is around 2.5).
- Billing Rate: €34.20 to €45.00 / hour (excl. VAT).
Long-Term / Specialized Staffing (Detachering)
- Typical Factor: 2.0 to 2.8+ Randstad
- Billing Rate: €36.00 to €50.40+ / hour (excl. VAT)
Direct Payroll Services (Payroll)
- Typical Factor: 1.8 to 1.9 (when the company recruited the candidate themselves). Randstad
- Billing Rate: €32.40 to €34.20 / hour (excl. VAT)
The extra amount paid per hour beyond the €18 wage is not pure profit for Randstad. It covers mandatory Dutch employer obligations and operational services:
- Direct Employee Benefits:
- 8% Vacation Allowance (Vakantiegeld) Recruitment training & Arbeidsmarktcommunicatie opleidingen
- Accrued paid leave days and national holidays Randstad
- Mandatory StiPP pension contributions Randstad
- Employer Social Security & Insurance:
- Social security premiums (WW, WIA, ZVW)
- Sick leave insurance and disability risk coverage (Randstad absorbs the cost if the worker gets sick).
- Randstad Operations & Margin:
- Recruitment, candidate screening, compliance, payroll administration, and Randstad’s commercial profit margin.