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Hays witnesses improvement in Scotland’s labour market

In line with the Bank of Scotland's ‘Report on Jobs', Hays Scotland has seen a significant increase in the number of jobs registered and placements made over the last four months. Permanent recruitment has seen the biggest increase in activity but temporary placements have also been steadily rising as confidence in the market improves. Hires have become more strategic and that the types of roles being recruited for are those that require skills and experience that will ultimately enhance the bottom line.

In Scotland's banking sector, candidates who can demonstrate evidence of winning new business, have excellent relationship management skills, and strong credit skills, are being quickly snapped up. There seems to be a key focus on developing new business leads and professionals with a good track-record in sales are finding themselves in demand from major retail banks and building societies.

In Edinburgh's finance sector there is a boosted requirement for senior decision support positions where individuals translate and interpret figures to provide guidance that really adds value in relation to the company's strategy going forward. Audit and corporate governance is also buoyant as a result of the pressure on businesses to ensure they have robust financial procedures and controls in place.

HR, a sector that was severely hit by the recession is now seeing some consistently positive trends; specialist roles are in demand and, given the sector's vital role as companies face the upturn, individuals with the know-how to handle this are of significant value to businesses.

The IT sector is also starting to see some movement. Staff that ‘sat tight' during the recession are ready for a change and, as organisations focus on improving efficiencies, new opportunities are on the increase.

Akash Marwaha, Operations Director at Hays in Scotland, comments:"The economy in Scotland won't recover overnight, but there are signs of renewed confidence. Going forward, it is vital that businesses focus on investing in their staff. It is this support that will help not just the growing industries, but also the more static ones, such as the construction market, return to stable and sustained growth."

For more information please visit: www.hays.co.uk

About Hays

Hays plc (the "Group") is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Australia and one of the market leaders in Continental Europe. It operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.

The Group employs over 6,700 staff operating from 345 offices in 28 countries across 17 specialisms.

For the year ended 30 June 2009:

  • the Group had revenues of £2.4 billion, net fees of £670.8 million and operating profit of £158.0 million;
  • the Group placed around 50,000 candidates into permanent jobs and around 300,000 people into temporary assignments;
  • the temporary placement business represented 56% of net fees and the permanent placement business represented 44% of net fees;
  • Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE and United Kingdom.

For further press information please contact:

Marylin Bell
Hays
T. 0131 225 2289
E. marylin.bell@hays.com

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