PageGroup's European recruitment steps up a gear as UK falls into the slow lane due to referendum wobbleComments Off on PageGroup's European recruitment steps up a gear as UK falls into the slow lane due to referendum wobble
Brexit has caused “zero impact” to mainland Europe’s jobs market but dented confidence in the UK caused British firms to shy away from hiring, Britain’s biggest recruiter Pagegroup said.
Post-financial-crisis labour reforms have helped put the continent ahead of the UK on the hiring front, with Brexit adding a further dampener to UK sentiment.
Operating profits in the UK fell to £11.6 million for the six months ending June compared with £12.5 million. Europe, Middle East and Africa profits rose to £23.8 million from £15.6 million.
“Sentiment has been knocked. It’s not just the hiring managers but the candidates themselves,” chief executive Steve Ingham said.
“There is zero impact in Europe but we are only a couple of months since the vote.”
Demand for temporary hiring and jobs paying under £40,000 was still robust but higher paying roles and permanent positions lagged, he added.