Company Research Report: Hays plc

Company Overview

Name and Mission

Name: Hays plc

Mission: To empower people and businesses to succeed by providing world-leading recruitment and workforce solutions such as Recruitment Process Outsourcing (RPO) and Managed Service Providers (MSP).

Founding Details

Founded: 1968

Original Name: Career Care Group

Acquisition by Hays plc: 1986

Key People

Andrew Martin: Non-Executive Chair

Dirk Hahn: Chief Executive Officer (CEO)

James Hilton: Group Finance Director

Helen Cunningham: Independent Non-Executive Director

Michael Findlay: Non-Executive Director and Chair Designate

Anthony Kirby, Joe Hurd, Cheryl Millington, Susan Murray, & Zarin Patel: Independent Non-Executive Directors

Rachel Ford: General Counsel & Company Secretary

Headquarters

Location: No specific information provided

Number of Employees

Approximately: 11,120

Revenue

Net Fees (FY24): £1,113.6 million

Operating Profit (FY24): £105.1 million

Basic EPS: 4.03 pence

Recognition and Services

Known For: Specialist recruitment expertise with a diverse portfolio covering 21 areas of specialism and operating in 33 countries.

Strategic Focus: Temporary, Contracting, and Permanent recruitment with a significant emphasis on scalability and resilience to economic fluctuations.

Products

Offerings and Descriptions

Recruitment Services:

Temporary, Contracting, and Permanent Recruitment Services: High volume, high service, multi-year outsourcing contracts as well as one-off placements.

21 Specialisms: The company's expertise spans areas such as Technology and Engineering.

Product Features

Data-Driven Recruitment: Utilizes engaged data to drive the recruitment process, balancing it with the expertise of their consultants.

Client Partnerships: Strategic partnerships with large enterprise clients globally, focusing on growth in related talent services.

Recent Developments

Company Updates

Q2 FY25 Highlights: Group consultant productivity increased by 4% year-on-year due to structural improvements and cost savings initiatives.

Defined Benefit Pension Scheme De-risked: Completed with full buy-in.

Brand Refresh: In 2022, Hays underwent a brand refresh to reflect its evolution, emphasizing its role as a leadership partner in recruitment.

New Products and Features

Not Specified: No specific new products or features were launched recently.

Partnerships

Strategic Partnerships: Built strong collaborations with leading innovators and influential organizations to enhance growth and talent pool management.

Conclusion

Hays plc, a pioneer in the recruitment field, maintains its leadership through continuous adaptation to market trends and client needs. The company's commitment to structural improvement and operational efficiency continues to increase its value proposition in the global recruitment landscape. With a strong financial base and a diverse, scalable business model, Hays is well-positioned to navigate and thrive amidst economic uncertainties.