Asia Pacific drives strong growth at Hays

Group net fee income (NFI) at recruitment giant Hays rose 18% in the quarter ending 30 September, driven by strong growth in Asia Pacific.

Group net fee income (NFI) at recruitment giant Hays rose 18% in the quarter ending 30 September, driven by strong growth in Asia Pacific.

NFI in Asia Pacific rose 39% on a like-for-like basis, with NFI in Continental Europe and the rest of the world 27% higher. However, the UK & Ireland market saw growth of just 1%, according to the company’s interim management statement.

The company says it experienced a “strong and broad based recovery with 17 countries achieving net fee growth in excess of 25%”.

Hays says that a 23% growth in private sector markets in the UK offset tough conditions in parts of the public sector. International consultant headcount increased by 6% during the quarter.

Alistair Cox (left), chief executive of Hays, says: “The outlook remains good across 90% of our markets and we are continuing to invest in headcount across Asia Pacific, Continental Europe and South America.”

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