City recruitment specialist's growth belies slow economy
Buoyant figures from the City recruitment firm Robert Walters yesterday might suggest Britain's professional job market is roaring back into health – but the company's namesake founder was quick to repress any optimism.
The white-collar jobs firm saw its UK business growth triple from a muted 3 per cent last year to 9 per cent in the first three months of 2012. Net fees grew by £1m to £11.8m between January and March, compared with the same period in 2011.
But Mr Walters said that growth was not an indication of major jobs creation in the economy.
"The growth is a reflection of our outsourcing division doing well," he said. "We go in and do all the recruitment for corporates, checking visas and references.
"We've won contracts with a couple of large banks in the past few months. But the UK market is much the same as it has been for the past few months – not a disaster, but nothing to celebrate."
Mr Walters said the banking sector was still "quite difficult", adding: "It's slightly stagnant in the UK."
The recruiter has boosted its own staff numbers, from 2,047 at the end of December to 2,100 today. Overall net fees rose 12 per cent to £44.7m in the first quarter, led by Asia and Australia.
Easter egg hunt horror as mother finds dead body under deck of house
Missing Malaysia Airlines Flight MH370: Wreckage could be found within a week as search reaches 'very critical juncture', says minister
Unbeliebable: The White House offer 'no comment' to anti-Justin Bieber petition
Loch Ness Monster found on Apple Maps?
Royal Tour 2014: Is the Duchess of Cambridge the only person ever to climb into a fighter jet wearing a dress and high heels?
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
'Sinful': Video of British Muslims dancing to Pharrell Williams's hit Happy comes under attack
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 1 Easter egg hunt horror as mother finds dead body under deck of house
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 Unbeliebable: The White House offer 'no comment' to anti-Justin Bieber petition
- 4 Loch Ness Monster found on Apple Maps?
- 5 How We Met: Alison Moyet & Emma Kennedy: 'I knew we'd be friends because she was happy to make a prat of herself'
iJobs Money & Business
Negotiable: Harrington Starr: Database Team Lead ( Leadership, Sybase, Compute...
£40000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: C#.NET D...
£25000 - £35000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET S...
£45000 - £55000 per annum + Bonus and Benefits: Harrington Starr: Trade Suppor...