PageGroup's European recruitment steps up a gear as UK falls into the slow lane due to referendum wobble

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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. 

Source Article from http://www.standard.co.uk/business/pagegroups-european-recruitment-steps-up-a-gear-as-uk-falls-into-the-slow-lane-due-to-referendum-a3317761.html

August 11, 2016 |
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