The landscape of job recruitment has shifted, with companies no longer offering substantial pay increases as incentives for job changes, according to Hays, one of Britain's largest recruiters.
By Michael Susin Hays plans to cut more jobs after profit nearly halved during the fiscal first half on a trading slowdown, but kept an unchanged dividend...
The group slashed its total workforce by 9% last year to save costs as jobs markets globally slowed sharply, cutting its fee-earning consultants by 12%, and by 7% in the final six months alone, to 7,971.
Hays PLC on Thursday said that it would be making further reductions to its workforce in the near-future, after its interim results revealed a significant decline in profit.
For the six months ended...
International recruitment firm Hays (LON: HAS) reported net fees today of £583.3 million for the six months ended 31 December 2023, a 9% decrease on a like-for-like basis compared to the previous year. The company has a number of restructuring initiatives underway to improve performance in key markets.
Hays plc reported net fees, or gross profit, fell 9% on a like-for-like basis to £583.3 million (US$742.6 million) for the six months ended Dec. 31, 2023.