Global gains for Hays
BANKS and financial companies in the UK are recruiting fewer staff but healthy hiring in the rest of the world is boosting profits at headhunter Hays.
Hays said cuts in banking and City hiring caused weaker growth in private sector recruitment in the last quarter against the previous three months.
UK fees fell 4 per cent but computing, energy and sales and marketing businesses did well and declining fees from public sector recruitment stabilised.
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There was a stronger performance in Europe and the rest of the world, driven by Germany, where fees rose 34 per cent as more firms outsourced recruitment.
Strong performances in China, Hong Kong and Singapore helped to boost fees more than a fifth in Asia-Pacific, including a 20 per cent rise in Australia and New Zealand.
While we’re mindful of the increasing macro-economic uncertainty around the world, trading remains robust in the vast majority of our international markets
Hays specialises in the recruitment of professionals from 255 offices in 31 countries.
Chief executive Alistair Cox said: “While we’re mindful of the increasing macro-economic uncertainty around the world, trading remains robust in the vast majority of our international markets.” The shares rose 5p to 72mp.
