Hays continues to talk up UK recruitment market
10 October 2013
The positive UK performance of global recruiter Hays continued in the three months to the end of September, as global net fee income (NFI) grew by 1%, weighed down by the Asia-Pacific region.
Thu, 10 Oct 2013The positive UK performance of global recruiter Hays continued in the three months to the end of September, as global net fee income (NFI) grew by 1%, weighed down by the Asia-Pacific region.
This continues momentum from the recruiter's full-year results released in August, where although UK & Ireland (UKI) fees were down, the firm returned to profitability.
APAC NFI was down 20% compared with the same period in the previous year, although this was worsened by the impact of currency fluctuation, and is only 12% down when adjusted.
The UK & Ireland division saw 8% growth, while Continental Europe and the Rest of World was up 13%, or 6% currency-adjusted. Globally, temp business was up 2% while perm NFI was down 1%.
The Australia and New Zealand permanent business was the major faller in APAC, declining 26% (currency-adjusted), although business in all of Hong Kong, Malaysia and Singapore were up a fifth.
The UKI business saw growth in eight out of 12 regions, with Ireland, Scotland, Northern Ireland, the North-West, the Midlands and London (excluding the City) growing by more than 10%.
Chief executive officer Alistair Cox says: “Looking ahead we see clear growth opportunities as a number of markets continue to improve, including some that have been challenging for some time, such as the UK and Asia.”
This continues momentum from the recruiter's full-year results released in August, where although UK & Ireland (UKI) fees were down, the firm returned to profitability.
APAC NFI was down 20% compared with the same period in the previous year, although this was worsened by the impact of currency fluctuation, and is only 12% down when adjusted.
The UK & Ireland division saw 8% growth, while Continental Europe and the Rest of World was up 13%, or 6% currency-adjusted. Globally, temp business was up 2% while perm NFI was down 1%.
The Australia and New Zealand permanent business was the major faller in APAC, declining 26% (currency-adjusted), although business in all of Hong Kong, Malaysia and Singapore were up a fifth.
The UKI business saw growth in eight out of 12 regions, with Ireland, Scotland, Northern Ireland, the North-West, the Midlands and London (excluding the City) growing by more than 10%.
Chief executive officer Alistair Cox says: “Looking ahead we see clear growth opportunities as a number of markets continue to improve, including some that have been challenging for some time, such as the UK and Asia.”
