Private Irish recruitment firm Sigmar Recruitment reported Net Fee Income for Q3 2016 with an increase of 17% compared to the previous year.

The income was evenly spread across its three service lines; Specialist Staffing, Managed Service Solutions and Professional Contingent Staffing with growth in the Banking & Finance and IT sectors. Public Sector recruitment also grew with Sigmar adding multiple managed services contracts to its portfolio over the same period.

Compared to the previous quarter, Q3 NFI was up 11.6% on the previous quarter, the first full quarterly period since the Brexit referendum in June.

“Q3 was a record period for us at Sigmar, the highest NFI since we began trading in 2002,” Sigmar Recruitment’s Chief Commercial Officer, Robert Mac Giolla Phádraig, said. “This is a result of being highly focused on doing the simple things right consistently, while going further for all stakeholders (our 4 Cs: Colleagues, Clients, Candidates and Community) always. This growth is in line with our planned expansion strategy, announced in July to more than double our workforce over the next 3 years.”

“The most notable spike in demand is across Banking & Finance, which seems to have been stimulated by the ongoing uncertainly around Brexit,” Mac Giolla Phadraig said. “Although the Central Bank of Ireland has reduced GDP outlook to 4.9% for 2016, Ireland remains set to be the fastest growing economy in Europe for the third year running. We have seen a steady flow of Foreign Direct Investment into Ireland over the summer months which bodes well for the foreseeable”.

Sigmar Recruitment operates across a number of professional sectors such as accountancy & finance, banking & financial services, IT, sales & marketing, HR, insurance, legal, office support, life sciences, engineering & manufacturing, construction & property services and supply chain.