Technical recruiter Spring Group has announced a reduction of net fee income (NFI) in an interim management statement for the first quarter of 2009.
Contract business, accounting for roughly 80% of Spring’s NFI, experienced a 3% reduction, while permanent divisions accounting for around 20% of NFI, experienced a 42% decline, resulting in a 12% total reduction in NFI year-on-year.
Tough times call for different measures and recruiters are having to rediscover their lead-generation skills anew. Graham Simons investigates recruitment’s change in focus
Select group has bought US rival Westaff.
I felt compelled to write just to say AT LAST!!!!! A realistic and down to earth ‘Diary of…’ section from Sharon O’Mahoney (Recruiter, 29 April).
Recently I have been sick to death of reading a load of absolute cobblers from recruiters too afraid to write about the truth and how difficult this industry can be.
UK-based recruiters working in the United Arab Emirates have been hit by unpaid fees as developers struggle to raise funding.
Adecco switches to Broadbean
Recruitment giant Adecco has migrated all UK job postings from Conkers to Broadbean. Broadbean integrated Conkers into its operations following its acquisition by Associated Northcliffe Digital (AND) in October.
Picture: Sarah Ziegler
Recruiters remain at their desks this morning despite the much-hyped “ludicrous and unnecessary disruption” caused by London’s tube strike.
The chief executives of Hexagon Human Capital and Hudson/Europe exited their respective companies during August. At Hexagon, departing CEO Jonathan Wright (top left) stepped down as the group of companies announced it would refocus strategy on day-to-day operational management and away from the ‘buy and build’ growth model it had adopted in better times.
Recruitment giant Adecco appears to be on the verge of completing its proposed purchase of technical recruiter Spring. Following an announcement on 11 August regarding Adecco’s recommended cash offer, Spring has posted a circular to all its shareholders containing details of the court-sanctioned purchase.
