Business

Hayes expects commissions to rise 41% amid lack of skills and wage inflation

Haze, a top recruiting firm, sees “clear signs” of skill shortages and wage inflation as fees rise

  • Fees have risen significantly around the world in the recruiting business
  • In the UK and Ireland, Hayes has increased its fees by 45% as it grows in all regions.
  • CEO is confident that Hayes will “gain more market share” as the economy recovers


Recruiting company Haze It collected 41% higher fees for the three months to September 30 and reported record income in 12 countries.

Hayes will gain greater market share in the coming months amid “clear signs” of skills shortages and wage inflation as employers step up their efforts to fill record high vacancies. He added that he was expecting.

In the UK and Ireland, Hayes increased commissions per cent per quarter by 45, and revenues from full-time and temporary positions increased by 69% and 29%, respectively.

Hayes sees record rates in many regions as employers step up their hiring efforts

As the effects of pandemics and Brexit continue to weigh on the availability of the workforce, we are at a time of record high vacancies, reaching 1.2 million last month.

The UK is facing a shortage of seasonal workers this Christmas, according to a survey by the online job giant Indeed.

Haze fees for placements in the private sector increased 57% in the quarter, while the public sector increased 21%.

Recruiters have grown in all parts of the UK, leading the Northwest and Midland commissions by 74% and 51%, respectively. Ireland’s business grew 46%.

At the sector level, technology, accounting, finance, affairs, and office support grew by 57%, 49%, 127%, and 94%, respectively.

However, prices for the quarter were down 5% across the UK and Ireland compared to the same period in 2020.

Hayes confirmed that fees increased globally and net fees increased 41% year-over-year on a similar basis.

Hays CEO Alistair Cox said:

Hayes shares showed a strong recovery last year

Hayes shares showed a strong recovery last year

“Client and candidate confidence is high, with clear signs of skill shortages and wage inflation, especially at high salary levels.

“We are confident that our strong global brand team, management and financial strength will allow us to gain more market share as the economy continues to recover.”

The company’s net cash position increased from £ 350m in the previous year to £ 360m.

Recently, in November 2021, we announced our intention to resume core and special dividends subject to shareholder approval.

Hayes’ share price rose 3.1% this morning to 167.4p, up 17.1% year-to-date.

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Hayes expects commissions to rise 41% amid lack of skills and wage inflation

Source link Hayes expects commissions to rise 41% amid lack of skills and wage inflation

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