SYK Recruitment Specialists among the 400+ recruitment agencies that went bust last year April 16, 2024 Insolvencies of UK recruitment agencies have increased by 14 per cent in the last year to 413, as the sector struggles with the slowdown in the hiring market across the country.
Red flags: Recruiter Hays the latest to sound alarm on 2024 economy April 16, 2024 The economy is in sharp focus after another recruiter flagged significant fee declines - suggesting the jobs market is in ill health
Why Hays’ first half results should have us worried about the job market February 22, 2024 Recruiter Hays has felt the chill wind of a struggling economy with profits slipping year on year
Fears grow of deteriorating jobs market after recruitment firms update on 2023 January 16, 2024 On Monday morning Pagegroup became the third recruitment firm this year to reveal the impact that a slowing jobs market has had on its performance.
UK economy: Another recruiter reports dramatic fee fall as hiring market clams up January 11, 2024 Recruitment firms are often seen as a bellweather for the health of the UK's labour market.
Worrying signs for the economy as recruitment giant Hays issues profit warning January 9, 2024 The listed company’s fees were down 10 per cent overall and 17 per cent in the UK, as a slowdown in the economy hit recruitment numbers
Young City professionals ditch WFH as productivity thrives in the office December 11, 2023 London's young professionals have said they are more productive when working in the office, according to a new survey.
Hays: Hiring slowdown hits profit as longtime boss steps down August 24, 2023 Global recruitment firm Hays has appointed a new chief executive after a near six month hunt for a new head. The London-listed company named Dirk Hann, its current managing director of Hays Germany and CEMEA as replacement for Alistair Cox, who said was stepping down after 15 years at the helm in February. Hann will [...]
Hays’ shareholders to catch £170m windfall amid skills shortage August 25, 2022 Hays, the FTSE recruitment giant, is planning to return nearly £170m in dividends to its shareholders, as “acute skills shortages” mean the company can hike its fees. Bosses plan to dish out some £47.3m in core dividends, and a special dividend of £121.2m, rewarding shareholders with “significant cash” worth £168.5m, chief executive Alistair Cox said [...]
War for talent and skyrocketing wages push fees at job giant Hays to record levels in 15 countries July 14, 2022 Recruitment giant Hays said this morning the company is benefiting from higher wages around the world as it sets up potential candidates with jobs in industries. Job numbers have been strong, leading to increased competition from companies for workers, and helping to push up pay – although often not by enough to offset runaway inflation. [...]