UK resilience buoys Robert Walters amid global hiring slowdown Business Recruiter Robert Walters reported a tough first quarter of 2025, amid a global hiring slowdown and persistent economic uncertainty weighing heavily on recruitment activity. The group cited a combination of cautious employer sentiment, escalating trade tariffs, and shifting economic landscape as key factors disrupting the field. Despite the broader slowdown, the UK was the group’s [...]
Nearly half of UK companies say tax increase is impacting hiring News Nearly half of all companies across the UK are scaling back hiring plans in response to an increase in employment taxes and labour costs. New research has found that 46 per cent of firms thought recruitment decisions would be impacted, with many reporting that they were already not hiring or postponing recruitment, according to Reed. “Everyone understands that [...]
Gattaca: Ongoing industry troubles hit recruitment specialist Business affing specialist Gattaca has reported a slowdown in profit due to persistent difficulties in the recruitment market. The firm told markets this morning that profit after tax fell 34 per cent to £0.5m in the six months ended January 31. Net fee income, a key performance metric in the recruitment industry, fell three per cent [...]
Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
Hays: Profit cut in half at recruiter February 20, 2025 Hays has reported another drop in profit as it struggles amid a long-running in the recruitment sector. Group net fees, a key performance indicator in the recruitment sector, dropped 13 per cent in the six months ending 31 December. Operating profit fell 56 per cent to £25.5m, while profit before tax fell 66 per cent [...]
Profit at Robert Walters wiped out as jobs market misery spreads January 14, 2025 The firm faced pressures across all its main markets, with income falling in Asia-Pacific, Europe and the UK.
Founders warn of hiring freeze ahead of national insurance hike November 14, 2024 A majority of founders are warning they will have to implement a hiring freeze ahead of the employers’ National Insurance Contributions (NICs) increase set to come into effect this spring. The warning signs follow Rachel Reeves’ announcement in the Budget last month of a 1.2 per cent increase to employers’ NICs, taking the total to [...]
John Lewis set for Black Friday and Christmas hiring spree October 28, 2024 The John Lewis Partnership (JLP) is gearing up for a hiring offensive in the coming months as the retail group looks to bring in thousands of temporary staff for the festive season. Some 12,500 new workers are set to join its John Lewis department store and Waitrose grocery arm, up 4,100 on the same period [...]