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June 2004

June 2004. Spherion Corporation. “Safe Harbor Statement”.

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June 2004

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  1. June 2004

  2. Spherion Corporation “Safe Harbor Statement” This presentation contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. Factors that could cause future results to differ from current expectations include risks associated with the company’s ability to implement its new corporate strategy, acquisitions, competition, changing market and economic conditions, currency fluctuations and additional factors discussed in this presentation and in Spherion’s filings with the Securities and Exchange Commission. The company’s actual results may differ materially from any projections contained in this presentation. Additionally, this presentation includes certain Non-GAAP financial measures. Management believes the Non-GAAP financial measures are useful in evaluating its operations but should not be considered in isolation or as an alternative to financial measures of performance as determined by generally accepted accounting principles. See April 26, 2004 Earnings Release for a reconciliation of Non-GAAP financial measures to our GAAP financial results. 2

  3. About SpherionOur Foundation For Growth • Diversified staffing company • Founded in 1946 • IPO 1994 • 2003 Revenue - $1.8 Billion • 4th largest in US • 6th world wide • Two principle segments • Staffing Services • Professional Services • 735 locations “Connect the right employee with the right business at the right time.”Leroy Dettman, Spherion Founder

  4. Deliver premier recruitment based services Key Events 1990s 2001-2003 2004 2005+ • Booming employment market • 35 Acquisitions • Expanded skills offered • Weak Market • Business rationalization • Non-core assets divested • Simplified organization • Growing professional revenues • Completion of ERP • Pricing Discipline • Client Segmentation • Targeted growth • Competitive infrastructure • Improving ROIC Overall Strategic Direction Focus on expanding skills offered Customer-focused, targeted recruitment services Business OperationsStrategic Evolution One company; execution oriented

  5. Business OperationsSimplified Structure Leveraging 55+ years of experience and core strengths in finding, placing & managing people Staffing Services Professional Services Skills • Clerical • Industrial • Information Technology • Finance & Accounting • Legal & Other How We Do It • Temporary • Managed Services • Permanent Placement What We Deliver • Source • Select • Hire • Manage • Transition

  6. $80 billion staffing market • Top 5 competitors = 14% North American Staffing • 50% of the market is various professional skills • Top 5 specialty competitors = 12% of professional market • *(MAN, ADO, KELYA, VED, RAN) • **(RHI, MPS, CDI, KFRC, AHS) Specialty Staffing Only Large, Fragmented and Growing at 5% to 15% Growth StrategyNorth American Staffing Market

  7. NATIONAL ACCOUNTS • Large volume • Procurement driven • Leverage Technology • Deliver On-Premise Solutions • More Professional Skills • Pricing Discipline National Sales Team $5M + • SMALL/MID SIZED ACCOUNTS • Local relationship • Quality of candidate • Value-added orientation • Strong market coverage • Expand professional markets • Dedicated SMB sales support $500K - $5M Dedicated Sales Resources $50K - $500K Branch Team Growth StrategyOur Market Approach • NATIONAL ACCOUNTS • Large volume • Procurement driven • NATIONAL ACCOUNTS • Large volume • Procurement driven • Leverage Technology • Deliver On-Premise Solutions • More Professional Skills • Pricing Discipline • SMALL/MID SIZED ACCOUNTS • Local relationship • Quality of candidate • Value-added orientation • Strong market coverage • Expand professional markets • Dedicated SMB sales support • SMALL/MID SIZED ACCOUNTS • Local relationship • Quality of candidate 30-40% F500 NATIONAL ACCOUNTS Ideal Client Size 60-70% SMALL & MID-SIZED BUSINESSES

  8. Growth StrategyCapitalizing on Our Strengths Simple • More customers • More services • Customer & candidate loyalty Leveragable • Modern technology • Adaptable branch model Easy to Do Business With • Flat organization • Innovative products • Local empowerment • High accountability Profitable • Financially strong • World-class governance • Focused on best markets • Developing & retaining talent

  9. Financial Update

  10. Financial Update(in millions, except per share amounts) *See April 26, 2004 press release for reconciliation of Non-GAAP financial information

  11. @ Target Margins Revenue $2,700 EBIT EBIT% 108 4.0% NOPAT 65 Capital Employed* $460 Minimum Target ROIC 14.0% Financial UpdateImproving Return on Invested Capital • EBIT % Target • Assumes current business mix 80% Staffing Svc. 20% Professional Svc. • Mix change +/- 5% = +/- 25bp EBIT * Net of $40M estimated proceeds from sale of discontinued operations

  12. OutlookPositioned for Growth • Committed to delivering increased ROIC • North American market focused • Simplified organization structure • Leverageable infrastructure • Balancing growth in targeted markets with dedicated sales resources • National – more services • SMB – greater emphasis • Focused on value-added service approach & premium margin recruitment offerings

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