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Recruiter Robert Walters upbeat on profit as jobs market heats up

·1-min read
COVID-19 restrictions continue to ease in Britain

(Reuters) - British recruitment firm Robert Walters said on Thursday annual profit would surpass prior expectations as staff shortages intensify and companies try to hire the best candidates at higher wages.

Corporate hiring has shot up globally, as companies recover from the pandemic and make long-term hiring decisions. Robert Walters and its peers PageGroup and Hays have seen business booming.

"The jobs market is hot," said Robert Walters, chief executive officer of the eponymous company, which raised its expectations for the second time in less than three months.

"With confidence accelerating across all recruitment disciplines and candidate shortages becoming ever more acute, the competition for talent is fierce."

Robert Walters, which specialises in the likes of accountants, legal and tech staff, said third-quarter net fees jumped 32%, with Japan, Australia and Hong Kong among regions showing stellar growth.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri and Ramakrishnan M.)

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