Asia Pacific drives strong growth at Hays
Group net fee income (NFI) at recruitment giant Hays rose 18% in the quarter ending 30 September, driven by strong growth in Asia Pacific.
Group net fee income (NFI) at recruitment giant Hays rose 18% in the quarter ending 30 September, driven by strong growth in Asia Pacific.
NFI in Asia Pacific rose 39% on a like-for-like basis, with NFI in Continental Europe and the rest of the world 27% higher. However, the UK & Ireland market saw growth of just 1%, according to the company’s interim management statement.
The company says it experienced a “strong and broad based recovery with 17 countries achieving net fee growth in excess of 25%”.
Hays says that a 23% growth in private sector markets in the UK offset tough conditions in parts of the public sector. International consultant headcount increased by 6% during the quarter.
Alistair Cox (left), chief executive of Hays, says: “The outlook remains good across 90% of our markets and we are continuing to invest in headcount across Asia Pacific, Continental Europe and South America.”
