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Companies slash pay incentives for would-be recruits

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.

United-kingdom , Britain , James-hilton , Dirk-hahn ,

Hays Cuts More Jobs After Profit Falls Sharply on Market Slowdown

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...

Michael-susin , Dirk-hahn , Executive-dirk-hahn , Article-normal , Financial-performance , Earnings , Labor-personnel , Corporate-industrial-news , Lay-offs-redundancies , Content-types , Factiva-filters

Recruitment firm Hays warns of futher job cuts as profits slump by 71%

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.

Ireland , United-kingdom , Dirk-hahn , December-news , Chief-executive-dirk-hahn , New-year , Hays , Job-losses ,

Hays warns of further lay-offs after dismal six-month performance

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...

London , City-of , United-kingdom , Dirk-hahn , Hugh-cameron , Alliance-news-ltd , Alliance-news , Hays-plc , Executive-dirk-hahn , All-rights , Markets ,

Hays cautions over further job cuts as profits slump

The recruiter expects to reduce its total workforce by another 3% to 4% in the first three months of 2024 to help save around another £20 million.

London , City-of , United-kingdom , Ireland , Dirk-hahn , News-office , Breaking-news , Canary-wharf , New-year ,

Hays shares fall on slump in fee income, weak jobs market

Shares in Hays fell on Thursday as the embattled global recruitment firm as it reported weaker fee income on the back of an uncertain jobs market.

Dirk-hahn , Hays , Shares , Fall , Slump , Income , Weak , Jobs , Market , Category-all , Category-company-news

Hays restructures as net fees and turnover down in challenging market

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.

New-zealand , United-kingdom , Malaysia , United-states , Switzerland , Canada , Germany , Poland , Ireland , China , Australia , Belgium

Hays' gross profit and turnover down in challenging market

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.

London , City-of , United-kingdom , United-states , Switzerland , Ireland , Germany , China , Australia , New-zealand , Poland , Japan

Fears grow of worsening jobs market as recruiters update on 2023

Pagegroup became the third recruitment firm this year to reveal the impact that a slowing jobs market has had on its performance.

United-kingdom , Chris-dorrell , Robert-walters , Dirk-hahn , Nicholas-kirk , Kate-shoesmith , Employment-confederation , Russ-mould ,

UK economy: Another recruiter reports fee fall as job market clams up

The second downbeat update from a recruiter just this week will re-ignite fears over the state of the UK economy

Australia , London , City-of , United-kingdom , Toby-fowlston , Chris-dorrell , Robert-walters , Dirk-hahn , Robert-walter ,