IT recruiter Parity Group continued to encounter “difficult trading conditions”, in its interim results for the six months ended 30 June 2009.
Revenue was £62.8m (2008: £66.3m), while operating profit from continuing operations (before exceptional items) was £336k (2008: £735k).
International recruiter Robert Walters’ profits slumped in its financial results for the six months ended 30 June 2009.
Global job prospects are improving for the first time since last autumn, according to Antal’s Global Snapshot survey.
The survey reveals that current hiring across the globe was up from 46% in the spring to 50% now.
Average real wage pay rises across Europe fell from 3.6% in 2007 to 1.3% in 2008, according to findings from the Eurofound’s European Industrial Relations Observatory (EIRO).
The report found that the average collectively agreed nominal pay increase in the EU as a whole fell from 7% in 2007 to 6.6% in 2008.
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Unemployment has reached 2.47m following a 210,000 rise in the three months to July, according to the Office for National Statistics (ONS).
Jobseeker’s Allowance claimant numbers rose by 24,400 to 1.61m in August, the highest since May 1997.
The Upper VAT Tribunal, part of the Ministry of Justice, has confirmed that HMRC is not required to pay compound interest to taxpayers on VAT repayments. However, the door has been left open for an appeal by businesses seeking restitution of any loss, according to Hannah Dobson, VAT director at Smith & Williamson, the accountancy and financial services group.
The economic downturn is continuing to affect different sectors of the economy in different ways.
While total retail sales were flat in August, the travel industry saw overseas trips to the UK increase by 2% during May, June and July, according to the Office for National Statistics.
Recruitment website recruitersite.co.uk has launched.
The site, which allows recruiters to multi-post to job boards on a ‘pay as you go’ basis, will be exclusive to the recruitment industry and allows agencies to post a job onto six different job boards from £69.00.
Recruitment software provider eploy has won a new contract with bookseller Foyles.
Eploy will roll out its system and applicant tracking software to managing the hundreds of CVs Foyles receives unsolicited each month, via its stores in paper format and through its website.