Recruitment companies trying to rein in remuneration costs using new models are trapped in a 'catch-22', says performance and pay expert Chris Hart, as trying to restructure away from the base-plus-commission model can drive employees into the arms of competitors.
Counter offers are increasingly common in the perm IT market, and the issue is likely to get worse before it gets better, warn specialist technology recruiters.
Morgan McKinley lifts gender diversity in traditionally male-dominated roles.... Adcorp secures one of Australia's largest ad contracts.... SEEK expands internationally with acquisition.... Healthcare recruiter successfully defends former CEO's legal claim.... Online job ads bounce back in NZ.... Hay Group absorbs Talent Q after five-year partnership.
China is now PageGroup's largest market in the Asia-Pacific region, following another local gross profit fall in the March quarter.
Recruitment companies reported their weakest profit results for four years in 2013, despite rising revenue. So where is the industry going wrong? RIB Report director Nigel Harse shares his tips for overcoming the biggest recruitment company profit killers.