Rise in temporary hiring helps buoy earnings at Michael Page

 
Marion Dakers
MICHAEL Page has become the latest recruitment firm to cheer a return to hiring in white collar jobs.

The firm’s revenues rose 1.6 per cent last year to break the £1bn barrier and pre-tax profits rose 3.5 per cent to £67.1m, Page announced yesterday.

Revenue from permanent placements fell 4.5 per cent to £403m, but temporary recruitment was up 6.1 per cent to £602.5m. The company said it expects permanent jobs to pick up as the economic recovery accelerates.

Twenty of the firm’s 34 country bases posted profit growth, led by the UK, the US, Spain and the UAE.

In Britain, a jump in construction and supply chain work buoyed revenues, though overall public sector hiring, up 25 per cent, grew at a much faster rate than the private sector.

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