Expansion pays off for Hays as foreign fees drive revenue

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Thursday 6 January 2011 7:14 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp KCS-content BRITISH recruitment group Hays reported a 21 per cent rise in second-quarter net fees yesterday, as its overseas expansion strategy was vindicated by a recovery to pre-recession levels in many international markets.“We have now got several countries both in Asia and Europe approaching above pre-downturn levels,” said finance director Paul Venables, noting an improved performance in countries such as Australia, Germany, Japan and Spain.Hays, which specialises in placing office workers, describes itself as the world’s biggest specialist recruiter, although its revenue is about a sixth of Adecco, the world’s biggest staff agency.Hays said net fees grew more than 20 per cent in 19 countries in the quarter. Asia was up 36 per cent and Germany, its largest European market, jumped 47 per cent.But the British and Irish market, which has shrunk to 35 per cent of Hays’s overall net fees, was flattened by a slump in the public sector, where a 38 per cent drop in fees offset growth of 28 per cent in the private sector.Venables said the trough is in sight in the public sector. “We expect our UK public sector business to hit the bottom in the April, May time. We expect to return to absolute levels of growth … from July onwards.”Hays, which has more than 340 offices in 29 countries, is looking to countries such as China for growth, pledging to increase the number of consultants there more than fourfold. Tags: NULLcenter_img Share Expansion pays off for Hays as foreign fees drive revenue whatsapp Show Comments ▼ last_img read more