An interim management statement from recruiter Michale Page has seen gross profit rates fall to 26.5% in Q3 2011.
A trading statement says: “As markets weaken and become more unpredictable, our short-term visibility reduces, particularly in respect of permanent placements.
More than half of over 50s who have been made redundant in the past three years have had to take a completely different role or work in a new sector to get back into employment, according to research from equity release adviser Key Retirement Solutions.
The research also shows over-50s take on average 4.7 months to get back into work.
“Very strong” growth from Michael Page’s Latin America operations have helped the international recruiter record increased profits, according to its Q1 and H1 trading update.
The update reveals:
· Group Q2 gross profit of £147.8m up 32.4% (29.6%*) on the £111.7m in Q2 2010
Procurement recruitment specialist GPA Procurement has relaunched.
GPA ended its partnership with the Chartered Institute of Purchasing and Supply earlier this year.
The firm was set up by HR professional Gail Pyrah in 1990, but now lead by a mixed team of recruiters, procurement experts and HR practitioners.
Most employees have not received a pay rise in the last six months, according to the latest quarterly Employee Outlook survey from the Chartered Institute of Personnel and Development’s (CIPD).
While numbers of engineering vacancies have declined in July, there remains a demand for senior talent, according to engineering recruiter Roevin’s recruitment market commentary for July.
InterContinental Hotels Group is looking for front of house and key operational management to fill 3,000 new jobs, according to a spokesperson for the hotel giant.
An InterContinental Hotels spokesperson told Recruiter: “We are opening 28 hotels in the UK over the next two to three years.
IT recruiter Parity Group is preparing for growth as it has seen a return to operating profit, according to interim results for the six months ended 30 June 2011.
The group’s results reveal:
· Group revenues of £40.80m (2010: £52.59m); up 1% on H2 2010
· Parity Solutions1 returned to operating profit at £0.12m2 (2010: £1.63m loss3)
Employer demand for new UK workers was maintained in August, according to the latest Reed Job Index.
The index held steady with a reading of 122, unchanged from the previous month, but 20% up year-on-year.
Salaries for new jobs were down two points in August compared to July at 97.
