Posts Tagged ‘HJB’

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…

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ASX-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…

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Why 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…

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Another 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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