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Hayes The company revealed that recruitment fees fell by 10% in the final quarter of the year as the job market remained under pressure and it was expected to increase recruitment activity in the new year.
The global recruiter said long-term recruitment remains a challenge as it takes longer to get people into roles.
Net long-term recruitment expenses fell 14% in the final three months of 2025 compared with the same period last year, while interim and contract expenses fell 8%.
in the UK and IrelandHayes revealed that the public sector faced a tougher environment, with recruitment fees down 16% year-on-year, while the private sector fell 5%.
However, fees charged for tech jobs increased year-on-year for the first time since mid-2023.
Recruitment agencies like Hays make money by charging companies to find and place candidates.
The company has been hurt by a hiring slowdown and a weak job market over the past year, with many companies cutting jobs in response to tougher economic conditions.
Hays said the new year’s “return to work” trend will be particularly important in fiscal 2026, so it will monitor activity levels closely.
Chief executive Dirk Hahn said: “Amid continued macroeconomic uncertainty, challenging permanent employment conditions and shorter average working hours, Germanywe are executing our strategy well and continue to make significant operational progress. “
He added that recruiters are increasing their focus on “long-term growth markets” and making sure to prioritize the most in-demand job categories, roles requiring higher skills and higher salaries, growing industries and their largest corporate customers.
The company said this focus, along with cost-saving efforts, would help it return to its previous peak profit of £250m.
Hayes expects a profit of about 20 million pounds in the first half of the financial year.
shares Hays shares were down more than 3% on Wednesday morning.
