Companies are putting off hiring senior staff and potential job candidates are staying put because of uncertainty over Brexit, one of Britain’s leading recruitment companies has said.
Page Group’s overall first-half pre-tax profit rose 18.1% to £67.2m. But profit at the company’s Michael Page arm, which deals with more senior jobs, fell 7%.
Page Group said: “Brexit-related uncertainty [has continued] to impact decision-making from clients and candidates at the more senior levels of the market.”
Michael Page recruits accountants, IT heads, finance directors and other senior people in industries ranging from financial services to manufacturing and healthcare.
The stagnant market for senior recruitment appears to reflect wider business uncertainty as the March deadline for leaving the EU looms with no deal in sight. Recent surveys showed most companies expecting business to decline in the next year despite strong growth in the global economy.
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