Transcript Document

Recruitment International
Compliance Conference
February 2015
Recruitment International Compliance Conference | February 2015
A favourable economic backdrop
8
Annual percentage change (%)
7
6
Permanent recruitment
6.2%
Unemployment
5
5.9%
5.3%
4
3
3.0%
GDP
2
Temporary recruitment
2.3%
2.4%
1
0
2014
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2015
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Recruitment International Compliance Conference | February 2015
An active M&A landscape
IT
Multisector
Education
69
Financial
Services
recruitment deals
in 2014
Health
International
corporate
14%
Private
equity
28%
69
recruitment deals
in 2014
UK
corporate
58%
Energy &
utilities
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Recruitment International Compliance Conference | February 2015
Trading updates and outlook
Looking forward, the economic backdrop remains
uncertain but we remain very positive about the
Group's long term prospects.
Mark Braund, InterQuest Group plc
The profit for the full year is expected to be
materially ahead of market expectations. However
the Group remains cautious of the longer term
outlook given the current volatility in global market
confidence.
Robert Walters, Robert Walters plc
At this early point of the new financial year, while
improved sentiment is clearly evident in most of our
markets, it is still a somewhat mixed picture. While
we are mindful of the risks we face today, we expect
to see a broadly supportive picture globally.
As ever, activity levels at the start of the New Year
will be an important driver of the Group's second
half performance and, while we are mindful of the
risks our world faces today, we continue to see
supportive conditions in most of our markets.
Gary Elden, SThree plc
Alistair Cox, Hays plc
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Recruitment International Compliance Conference | February 2015
2015 compliance landscape
Operational
Tax / employment
Complianc
e landscape
Legal / contract
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Audit / financial
reporting
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Recruitment International Compliance Conference | February 2015
© 2015 Grant Thornton UK LLP. All rights reserved.
6
Recruitment International Compliance Conference | February 2015
How will it impact recruiters…
Leases
Revenue
Impact on
profits
Presentation
of financial
statements
FRS
102
Goodwill
Financial
instruments
Intra Group
Loans
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