Posts Tagged ‘Chandler Macleod’
Red Flashing Lights: How you know when profitability is about to sink
After last week’s blog on the Australian publicly listed recruitment companies that have departed the boards of the ASX, I received a few emails from readers asking me follow up questions about the decline in fortunes of such formerly successful companies. Such questions as: How do such, formerly successful, companies become so unprofitable in a relatively short…
Read MoreASX-listed recruitment companies: Going, going, gone
Four weeks ago giant Japanese recruiter, Recruit, concurrently announced agreements to purchase both peoplebank and Chandler Macleod. As the respective boards of both companies are recommending that shareholders accept the bid, and with no alternative bid likely, both companies will soon be fully owned by Japanese investors. John C Plummer will pocket just under AUD$39 million for his…
Read MoreASX-listed recruiters continue to decline: 2013/14 in review
he past year or so has been a particularly bloody one for the Australian publicly listed recruitment sector. Last September HJB Limited, after many years of unacceptable financial results, sank into administration. In August this year, Bluestone Limited, after only a handful of years of unacceptable results, went the same way as HJB, owing $86 million to a…
Read MoreHow serious is the recruitment industry about recruiting its own? 2013 update
Two years ago I decided to do some research to see how various high profile firms in the recruitment industry were approaching the job of attracting their own potential employees through a dedicated careers site. The results were embarrassing and I concluded: Based on this sample, I award the recruitment sector an overall grade of…
Read MoreWhich agencies are best taking advantage of their LinkedIn presence?
In preparation for my review of recruitment agencies’ career sites, which I will be publishing next month, I decided to have a look at how effectively recruitment agencies are using both their careers page (additional fee) and company page (free) on LinkedIn. For many recruitment agencies, having an effective presence on LinkedIn is part…
Read MoreASX recruiters on the southbound train: 2012/13 in review
Last month I wrote about the demise of ASX-listed recruitment agency HJB. This was the latest piece of a very long list of bad news for the Australian publicly listed recruitment sector. Having reviewed the eight remaining recruitment companies (that being very generous as both SMS or Programmed (PMS) aren’t recruitment companies as their respective recruitment brands, M&T Resources and Integrated each make…
Read MoreHow serious is the recruitment industry about recruiting its own? 2012 update
This time last year I decided to do a bit of research to see how effective various high profile firms in the recruitment industry were at the basics of recruiting their own staff, ie having an effective careers site. I rationalised it thus: Given most job seekers who want to find out about working for…
Read MoreNo silver-lined clouds anywhere for ASX recruiters: 2011/12 in review
Four months ago I blogged The ASX-listed recruitment sector: The end is nigh after Geoff Morgan and Andrew Banks announced their intention to delist Talent2 and take it back into private ownership spurred on, in part, by the hammering the share price took after Talent2 announced profit warnings late last year. …
Read MoreAgencies are far from dead: 2010 in review
Yes, I am pleased to confirm that the Australian recruitment agency sector, after a near-death experience in late 2008 and early 2009, is alive and well. Reports of the industry’s irrelevance were proven to be well off the mark as growth and profitability rebounded strongly in 2010. That doesn’t mean it was a year…
Read MoreWhy PSAs suck
One of the more humiliating recent events within the recruitment industry was Chandler Macleod’s withdrawal from the $400 million Australian Defence Force recruitment contract it had won from incumbent provider, Manpower. At the time of the contract win in July 2008, Stephen Cartwright, the CEO at that time of Chandler Macleod, described it as a…
Read More