PracticePeople In PracticeAccountant shortage boosts headhunter’s results

Accountant shortage boosts headhunter's results

Skills gap leads to boom time for recruitment firm Hays.

A skills shortage in the accounting and finance market has helped recruitment group Hays grow its net fees by 18% over the last six months.

Link: Skills gap spells crisis for UK plc

The company posted net fees of £226.1m for the six months to the end of December 2004, boosting operating profit 28% to £80.6m.

‘Over the last few years the number of trainees was reduced substantially and that’s now feeding through into shortages,’ said Hays chief executive Denis Waxman in The Daily Telegraph.

The company recently made the decision to focus entirely on recruitment, having sold off several other businesses, including logistics and its mail arm.

Related Articles

Moore Stephens appoints three new partners

People In Practice Moore Stephens appoints three new partners

6d Emma Smith, Managing Editor
Mental Health Awareness Week: How organisations can help ensure good employee wellbeing

People In Practice Mental Health Awareness Week: How organisations can help ensure good employee wellbeing

2w Reafad Rahman
Mental Health Awareness Week 2018

People In Business Mental Health Awareness Week 2018

2w Accountancy Age, Reporters
Accountancy Age 35 under 35 2018 – last chance to enter!

People In Business Accountancy Age 35 under 35 2018 – last chance to enter!

2w Emma Smith, Managing Editor
Women in Finance: is the future of finance female?

People In Business Women in Finance: is the future of finance female?

3w Emma Smith, Managing Editor
Mazars announces two partner appointments, increased fee income growth

People In Practice Mazars announces two partner appointments, increased fee income growth

1m Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
RSM appoints two new regional managing partners

People In Practice RSM appoints two new regional managing partners

1m Alia Shoaib, Reporter