Hays hails fees growth (From Hampshire Chronicle)

Hays hails fees growth

9:26am Friday 3rd September 2010 in

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RECRUITMENT firm Hays, which has an office in Brunswick Place, Southamp-ton, reports growing signs of life in the jobs market despite gloom over prospects in the public sector.

Chief executive Alistair Cox hailed a return to fees growth in the second half of the year to June 30 and said that the outlook was improving “across 90 per cent of our markets”.

Net fees over the year as a whole were down 21 per cent to £557.7m, but Hays – which now generates more than half of its business overseas – said that 20 countries grew fees by more than ten per cent in the last quarter.

But in the UK and Ireland, public sector net fees, which account for about 30 per cent of its business, were down 19 per cent year-on-year and are now more than a third below peak levels.