Posts Tagged ‘hays’
Global 2016-17 results: Hays is an awesome cash machine
My recent review of recruitment company data confirms that London-based Hays plc continues to demonstrate an outstanding record of financial performance, setting a benchmark for financial management that many companies aspire to. Hays’ headline results from the most recent financial year, 1 July 2016 – 30 June 2017, shows how much progress has been made over the…
Read MoreHays: Still a force but Japanese invaders pose new threat
Last week I wrote about the recognition Hays Australia recently received as a top performing business (using the measure of return on shareholders’ funds). This week I have a closer look at the trends of the local Hays business over the past five years. The information I have listed below is for the combined Australia…
Read MoreRed 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 MoreHays 2013/14 results: UK & Ireland division drives profit rise
As regular readers will know, I am a keen observer of Hays. This is not just because I started my recruitment career at Hays (then called Accountancy Personnel in the UK) but because they have built a recruitment business model that has consistently delivered outstanding financial results. The Hays plc annual report for 2014 covers…
Read MoreWhy most small recruitment agencies stay small
Our industry is one that is dominated by small recruitment agencies. Yet, I would imagine that most of the owners of these small agencies would like to grow if they could grow profitably. Unfortunately much of the growth, if it does occur is not profitable growth. The Recruitment Industry Benchmarking (RIB) Report has 126 members…
Read MoreThe recruitment industry: Giving back in a big way
Three months ago, in InSight 315, I mentioned the great fundraising and community work that a handful of recruitment agencies undertake. I invited readers to advise me of any other recruitment agencies doing great in this areas. A handful of people responded. Here is brief summary of what I received (I have edited much…
Read MoreThe reality of recruitment: What should videos say?
There’s an old recruitment joke that’s been doing the rounds for years about a recently deceased HR Manager (insert lawyer, management consultant etc) arriving at the Pearly Gates and being given a tour of Heaven and Hell with a view to choosing where they wish to spend eternity. Heaven was serene and pleasant…
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 MoreAnother one bites the dust: The rise and fall of HJB
Last Thursday morning the inevitable happened when ASX-listed recruitment company HJB called in the corporate undertakers. During his sixteen months in charge, CEO Grahame Doyle has not been able to halt the long term decline of what was once one of the strongest brands in the Australian recruitment market. The closure of both the Parramatta…
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