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UK recruiter Parity Group (PTY:LSE) reported on Tuesday that it expects to meet market expectations for the 2012 financial year after reporting difficult trading conditions last year.
In a trading update this morning, the firm said: “The Board can now look forward to good profitability in 2013 for the first time in some years, resulting from improved cost control and greater concentration on retaining customers and introducing new services in growth markets.”
The company’s Resources division increased the number of contractors in place in 2012 by 15%, with a shift towards private rather than public sector work. The number of permanent placements has also seen a “marked increase” in the period.
The firm’s Talent Management division won 14 new clients in England and Wales during 2012 while the Systems division remained “stable”.
According to Staffing Industry Analysts, Parity is amongst the top 50 staffing firms in the UK. The group specialises in technology staffing, the provision of information technology and business solutions.