Image may be NSFW.
Clik here to view.
UK-headquartered recruitment firm Robert Walters once again showed much larger peer Hays a clean pair of heels in the UK market, with Q2 (to 30th June) net fee income up 16% compared to Hay’s 7% (see here). However, Robert Walters’ core region – Asia/Pacific, which represents almost half of group NFI – only grew by 3% (constant currency). Having said that, Hays’ NFI in the region crashed by 13%.
There was little ‘colour and movement’ in the trading update, so we’ll have to wait until H1 results in a couple of weeks’ time to see whether the UK phenomenon is – as for Hays – more about replacing full-timers with contractors.
