Jeffrey Joerres is the former CEO of ManpowerGroup, Inc., a key player in the staffing industry. He took the helm in April 1999 and led the company until May 2014, transitioning to Executive Chairman thereafter. He holds a Bachelor's degree...

Jeffrey Joerres is the former CEO of ManpowerGroup, Inc., a key player in the staffing industry. He took the helm in April 1999 and led the company until May 2014, transitioning to Executive Chairman thereafter. He holds a Bachelor's degree from the University of Wisconsin-Milwaukee and has built a career in management, shaping ManpowerGroup’s global services. Interestingly, under his leadership, the company's emphasis on pay-for-performance ensured that his bonus incentives were closely tied to financial metrics like earnings per share and operating profit margin. In 2013, Joerres achieved a notable total compensation of over $10 million, with substantial stock awards reflecting the company's positive performance. He played a crucial role during economic downturns, making strategic decisions that helped navigate the company through challenging times. In addition to his executive duties, he actively engaged with clients to strengthen relationships and foster growth, showing his commitment to both company success and client satisfaction. Even after stepping down as CEO, he continued to influence the strategic direction of the company as Executive Chairman, ensuring stability and continuity within the leadership team.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other ManpowerGroup, Inc. CEOs

M

Jeffrey Joerres

Ex-CEO of ManpowerGroup, Inc.

Education

Bachelor's degree from the University of Wisconsin-Milwaukee

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

June 21, 1957 - 67 years ago

CEO of ManpowerGroup, Inc. for

13 years 4 months (Jan 2001 - May 2014)

Previous Experience

President of the Company and various leadership roles within the Company since 1993

Rivals

Competitors/colleagues of Jeffrey Joerres

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Mark W. Begor

CEO of Equifax

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$944.11K

Other

$505.65K

Total Holdings

$71.94M

O

Philip Angelastro

CEO of Omnicom Group

2023 Compensation

Stock

$14.32M

Salary

$950.00K

Bonus

$4.50M

Other

$20.40K

Total Holdings

$34.07M

T

Philippe Krakowsky

CEO of The Interpublic Group of Companies

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$1.68M

Other

$184.01K

Total Holdings

$14.14M

R

M. Keith Waddell

CEO of Robert Half

2023 Compensation

Stock

$9.28M

Salary

$500.00K

Bonus

$2.06M

Other

$383.77K

Total Holdings

$74.18M

A

Theodore S. Hanson

CEO of ASGN

2023 Compensation

Stock

$0.00

Salary

$1.05M

Bonus

$441.00K

Other

$22.46K

Total Holdings

$32.06M

Holdings

See how much did Jeffrey Joerres make over time.

Jeffrey Joerres held significant stock in ManpowerGroup throughout his tenure, with fluctuations in his holdings reflecting the company's performance. In 2014, as he transitioned to Executive Chairman, he became more focused on strategic advice rather than active daily management. His...

Jeffrey Joerres held significant stock in ManpowerGroup throughout his tenure, with fluctuations in his holdings reflecting the company's performance. In 2014, as he transitioned to Executive Chairman, he became more focused on strategic advice rather than active daily management. His wealth peaked during his time as CEO, particularly noted in 2013 when his total compensation topped over $10 million, resulting from performance-based stock awards that highlighted the company's strong financial year. By the time he stepped down, Joerres had a vested stake in the company consisting of over 100,000 shares which underscored his deep commitment to ManpowerGroup's growth and success, aligning his interests with those of the shareholders. His stock performance showed a significant correlation with the overall health of the company, illustrating the effectiveness of a performance-driven compensation structure.

Mar 18, 2025

A

shares

APAM @ $40.34

J

shares

JCI @ $81.61

M

shares

MAN @ $60.71

W

shares

WU @ $10.76

Total Stock Sold

$128.47M

MAN

$128.47M

1,727,625 MAN shares

What if they kept their stock?

If Jeffrey Joerres didn't sell their stock, today they would have:
Extra MAN1,727,625 shares worth $102.09M.
This is -20.54% and $26.39M less than what they got when they sold the stock.

Charitable Transactions

MAN

19,425 shares

MAN

Recent Charitable Transactions

MAN

19,425 shares

MAN

Oct 23, 2013

Charity

Insider Trading

See recent insider trades of Jeffrey Joerres.

APAM

5,734 shares

APAM

Jan 25, 2024

Received

WU

36,549 shares

WU

Feb 23, 2023

Received

APAM

6,842 shares

APAM

Jan 25, 2023

Received

WU

$99.46K

WU at $12.84/share

Nov 7, 2022

Purchase

WU

26,049 shares

WU

Feb 24, 2022

Received

APAM

5,715 shares

APAM

Jan 25, 2022

Received

WU

20,285 shares

WU

Feb 19, 2021

Received

APAM

4,109 shares

APAM

Jan 26, 2021

Received

WU

18,302 shares

WU

Feb 20, 2020

Received

APAM

5,627 shares

APAM

Jan 29, 2020

Received

Compensation History

See how much did Jeffrey Joerres make over time.

In 2014, Jeffrey Joerres's compensation showcased the peak of his career at ManpowerGroup. He earned approximately $11.4 million that year, largely due to the vesting of over 106,000 shares of restricted stock that tied directly to the company’s performance metrics. This year was considered notable as no annual bonus was awarded, aligning his compensation strictly with the success shown through stock performance, rather than incentives. Prior to this, in 2013, Joerres received around $10.3 million, including a substantial bonus reflecting a successful year where he achieved 172% of his target. His total compensation fluctuated significantly each year, displaying a clear incentive system that both rewarded him for the company's success and incentivized future growth. ManpowerGroup's compensation philosophy, which aligned closely with performance outcomes, was a hallmark of Joerres's tenure, showcasing a commitment to ensure that executive rewards were tied to actual results.

Year

2014

Total Compensation

$8.65M

Salary

$1.07M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the company's financial performance and shareholder interests, while ensuring affordability and competitiveness in the market.

Bonus

$0.00

Board Justification

No bonus was awarded for 2014 as part of the annual incentive plan.

Other

$67.72K

Board Justification

Other compensation includes contributions to the Nonqualified Savings Plan and other benefits such as financial planning assistance.

Restricted Stock

$7.52M(106.08K RSU)

Board Justification

106,080 shares of restricted stock units vested in 2014, reflecting the performance share units that were earned based on the company's performance metrics for the year.

Performance Metrics

The performance metrics for 2014 included EPS, ROIC, and operating profit margin, which were used to determine the annual incentive payouts.

Other ManpowerGroup, Inc. CEOs

Here are other CEOs of ManpowerGroup, Inc.

Jonas Prising

CEO of ManpowerGroup, Inc.

May 2014 - Present