The global recruitment market is steeped in its longest shrinkage in more than 20 years, according to Hays CEO, the largest employment group listed in Britain.
He said: “I have been in this work 27 years ago and I have never seen a global contraction like him,” noting that “continuous total economic uncertainty” as the main factor that preserves both the employers and potential appointments of the margin.
Hayes, who uses nearly 7,000 consultants around the world, reported a defeated request for temporary workers in early 2025, while the permanent roles market, especially in Europe, failed to recover from pre -Christmas stagnation. France, the United Kingdom, Ireland and Germany – the largest shaking market – remains under special pressure.
Over the six months to December, the group's net fees fell by 15 percent to 496 million pounds, compared to 583.3 million pounds in the previous year. Pre -tax profits decreased by 67 percent to 9.1 million pounds, much lower than 27.6 million pounds, which were booked in the same period in the previous year. Hayes, which decreased by a quarter of a quarter of the past year, fell 1.8 percent on Thursday, as it was closed at 71¾P and the FTSE recruitment assessment of a price is less than 1.2 billion pounds. Despite the low profits, Hays will keep temporary profits at 0.95 pixels per share.
The broader labor market in the UK remained relatively flexible, with a few collective repetition. However, James Hilton, the financial manager of Hilton, notes that there is no appetite for new appointments: “Most companies have enough work to justify the retention of the current employees, but they are not looking for the growth of the number of employees.” “People who have received good salaries in the past few years are not excited to move. We are on a dead end, but at some point, they will want employees promotional offers or new challenges.”
Employment groups had hoped that the market would recover earlier this year, however this recovery is still “pushed back”, Han warns, with no sterilization until 2026., it still focuses on the arm of technological employment – currently its sections The most profitable – because it freezes in permanent global employment.