Posts by Ross Clennett

A telling sign as to how well a listed company is doing, or not doing, can be seen by how early, or late, in their investor presentation pack the key financial metrics are detailed. SEEK Limited released the presentation slides to accompany their full 2020 financial year results yesterday and it took until slide 9…

This week Victoria entered the harshest lockdown so far, in the fight to restrict the spread of the coronavirus. Premier Daniel Andrews, declared a state of disaster leading to the shutdown of most businesses and significantly greater restrictions on the operations of remaining, essential sectors. An evening curfew and other restrictions on peoples’ activities outside…

Four weeks’ ago, the RCSA announced the winners of the 2020 New Zealand industry awards. The winner of the Recruitment Leader of the Year was Stellar Recruitment’s Kymberly Tupai. While she was completing her Bachelor of Business, Kymberly was fortunate enough to be given a rigorous grounding in leading people by managing a Bunnings store…

Eleven global recruitment agencies; Hays, Manpower, Page Group (Michael Page), Robert Walters, Randstad, Robert Half, SThree, Kelly, PERSOL, Outsourcing and Adecco have recently released quarterly updates for trading results to 30 June. In terms of large global companies with a significant local presence, half-yearly or quarterly results have yet to be announced by Recruit Holdings…

The most recent Hays Australia and New Zealand (ANZ) results, released last Thursday along with the company’s global half-year update, demonstrate, no matter the economic conditions, the local Hays business has no peer when it comes to consultant productivity. Here are the headline results based on my calculations from historical data and the H2 update…

In my adult life I have been at the centre of three significant disputes; all having occurred across a three year period when I was in my late thirties. One was as an employee and the others were as a business owner. Each dispute took months to resolve. Each dispute drained both my energy and…

                        Jason Elias, FRCSA is a shining example of how attracting high calibre young talent into our industry pays big dividends for the long term health of the recruitment sector. As a high achiever at school in Sydney, Jason completed a BA and a…

A crisis provides opportunity, if you’re looking for it. I’m revisiting a suggestion from three years ago that been given new life by a very helpful release from the recently constituted National Skills Commission (NSC) who, this week, released their first publication, A snapshot in time: Australia’s Labour Market and COVID-19 (“the report”)’ As the…

The Australian Building and Construction Commission recently released its Labour Hire; Campaign Report (June 2020). ABCC inspectors carried out compliance audits on 63 labour hire employers across the building and construction sector. These employers were located throughout Australia (16 in Qld, 15 in NSW, 10 in WA, 9 in Vic, 7 in SA, 3 in…

Hays Australia has long been the largest recruitment agency in Australia, by any measure you wish to use. Their performance in converting gross profit into operating profit, and then into cash, is outstanding, not just locally but globally. Hays publishes some local fees-by-specialism data but without knowing the size of aggregate agency spend within that…