Recruitment agencies that want the maximum value for the sale or flotation of their business need to prepare at least two years in advance, a Recruiter Masterclass heard.Hospitality recruiters may face even greater problems finding suitable chefs when government plans to tighten up the working visa system come to fruition next year.
Corporate Services Group's share price fell 25% from 6.9p to 5.12p on the day it released a trading update which reported a performance broadly in line with its expectations for the first seven months of the year. However, the statement also revealed it has commissioned a review by forensic accountants into incorrect accounting (see News, p5). The share price continued falling to 5.02p.
I read with interest the article (Recruiter, 8 August) on the interaction between private equity and the recruitment sector: 'Is buy-out bonanza set for blow out?'. There is no doubt that the spotlight on the private equity industry will continue.
Tougher enforcement powers which are set to have an impact on agencies have been announced as the government cracks down on rogue recruiters.
Clearstone Training and Recruitment, the LGV specialist, has been acquired by private equity firm RCapital in an undisclosed deal.Property specialist Prime People saw its share price rise 17p to 119p on the day it announced a positive close period reading update. The shares remained at this level. Network Group saw its share price soar from 42.5p to 45p in the day after it announced positive first half results, but later fell back to 44.5p.
The need for recruiters to get the engagement of their staff was one of the recurring themes of the Forum.
Tony Roy is the new UK managing director for careerbuilder.co.uk.