Hays hit by cautious jobseekers

Recruitment firm Hays saw a 10 per cent drop in fees from permanent job placements in the second half of last year, as jobseekers worried by the fragile economy decided to play safe and stay in their current jobs. Hays’ group operating profit for the half-year period fell to £60.3m, down four per cent from £63.1m in 2011 or two per cent on a like-for-like basis showing growth at constant currency.