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Highlights
- The economic recovery after the pandemic has resulted in a hiring boom across different industries.
- December 2021 was one of the hottest months, with technology, legal, and finance emerging as the biggest recruiters amongst all sectors.
The UK labour market has witnessed tremendous changes in the past two years. The economic recovery after the Covid-19 has resulted in a hiring boom across different industries. However, the shortage of candidates across locations and sectors continues to hamper the growth, leading to a decline in business confidence.
December 2021 was one of the hottest months, witnessing a hiring boom across different sectors. Technology, legal, and finance were the biggest recruiters amongst all industries as companies battle it out with lucrative offers to secure workers according to the latest business update by one of the recruitment firms.
Hiring growth in the UK labour market is a good sign for the economy and recruitment and staffing companies, which plays a crucial role in helping businesses hire the right talent and fulfil the industry-wide demand for a skilled workforce.
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Let us look at FTSE listed recruitment firms and their business performance in recent quarters:
Robert Walters Plc (LON: RWA)
The recruitment consultancy company provides permanent and temporary staffing solutions to businesses from different industries group.
The company witnessed solid business growth in the last quarter of 2021 resulting in 39% growth in net fee income. All the group’s operating regions were profitable during the period. As a result, the total gross profit for the company stood at £95.1 million.
Robert Walters Plc currently trades at GBX 828, up by 2.22% on 11 January 2022 at 10:15 am GMT+1, with a market cap of £620.5 million. In the last one year, the stock has returned 79.6% to its shareholders.
SThree Plc (LON: STEM)
The company provides permanent and temporary staff to its clients. It provides staffing solutions to clients from the science, technology, engineering, and mathematics (STEM) segment and has operations across 14 countries.
For the financial year ended 30 November 2021, the net fee income for the company was up by 19% at £355.7 million. Over the years, the company has diversified its operation across the different regions. Out of the total net fee income, the three largest countries Germany, USA, and the Netherlands represents the majority 74%.
SThree Plc currently trades at GBX 445, up by 3.85% on 11 January 2022 at 10:15 am GMT+1, with a market cap of £572.5 million. In the last one year, the stock has returned 39.3% to its shareholders.
Impellam Group Plc (LON: IPEL)
FTSE AIM listed company provides staffing services, human capital management in the UK and other European countries.
The recruitment firm reported revenue of £1,089.7 million and a 6.4% rise in gross profit at £122.6 million for the 26 weeks ended 2 July 2021. The higher revenue was attributed to demand recovery in the US and the UK market. The company’s management has a positive outlook for the upcoming quarters and expects higher demand for its managed services and talent solutions.
Impellam Group Plc currently trades at GBX 500, up by 2.04% on 11 January 2022 at 10:15 am GMT+1, with a market cap of £222 million. In the last one year, the stock has returned 95.2% to its shareholders.
