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Home > Investors > Annual Report 2019

Annual Report 2019

Despite weakening global macroeconomic conditions, we delivered a solid financial performance in FY19, backed up by strong cash generation. Our strong financial position gives us an excellent platform to balance more challenging current markets with our long-term strategic goals.

Alistair Cox
Chief Executive

Download Annual ReportDownload Strategic ReportCEO & FD Review 2019Download Corporate GovernanceDownload Financial Statements

What do we do?

We have world-class expertise building world-class businesses. We are leading global experts in qualified, professional and skilled recruitment. We employ 11,500 people in 33 countries across 20 specialisms.

Over1,300Jobs filled every
working day

81KPerm roles filled
in FY19

254KTemp assignments
placed in FY19

Our performance this year

  • Net Fee Income

    £1,129.7m

  • Special Dividend per share

    5.43p

  • Operating Profit

    £248.8m

  • Basic Earnings per Share

    11.92p

  • Core Dividend per Share

    3.97p

  • Cash Conversion

    106%

MEGATRENDS IN THE WORLD OF WORK

The world of work is being shaped by powerful megatrends. Our strategy is designed to capitalise on these trends, targeting structural growth opportunities within our cyclical end markets.

MORE AND VARIED WAYS OF BUILDING A CAREER

For many skilled candidates, the ‘job for life’ mentality is ending. There is an increasing appetite to embrace flexible, project styles of working. Candidates are seeking interesting, and often highly paid, Temp and Contractor roles, as they build ‘portfolio’ careers. In addition to gaining new experience and improving their marketability, Temp and Contracting gives candidates the flexibility to take prolonged vacations, or voluntary career breaks.

Read more

SKILL SHORTAGES AND BUSINESSES’ DEMANDS FOR FLEXIBILITY

Our clients increasingly need to add flexibility to their skilled workforce. In doing so, they can respond to fast-changing market conditions, accessing the skilled labour they need, precisely when they need it. They can also convert a traditionally fixed employee cost into a variable expense.

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STRUCTURAL MARKET GROWTH AND EVOLVING CLIENT DEMANDS

Most professional recruitment around the world is still done by in-house HR teams. This is true across mature and emerging economies, although both are increasingly opening up to the concept of outsourcing specialist recruitment. Over half of our business today is in the world’s best structural growth markets.

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EMERGENCE OF NEW, AND EVOLVING, TECHNOLOGIES

Technology is transforming how people work. It is revolutionising how clients and candidates engage and interact with job markets, and with Hays. Almost every areaof recruitment is becoming digitally enabled at a breathtaking pace, creating vast quantities of valuable data which, if used correctly, can deliver deep insights and give our consultants a significant information and speed-to-market edge.

Read more

MEGATRENDS

Our strategic priorities

  • Materially increase and diversify Group profits
  • Build critical mass and diversity across our global platform
  • Invest in people and technology, responding to change and building relationships
  • Generate, reinvest and distribute meaningful cash returns

How we create value

As the ultimate people business, everything we do is focused on placing the right people into the right roles.

Over

335,000

people in new jobs

3,497

internal promotions

20%

of new joiners' time spent in training

11 million

job applications received

Over

80,000

interviews per month

7,800

sector experts

Our four point investment case

One: The breadth of our business model across sector and contract type

One: The breadth of our business model across sector and contract type

Two: Our balanced exposure to both mature and structural growth markets

Two: Our balanced exposure to both mature and structural growth markets

Three: Our ability to deliver superior financial performance through the cycle

Three: Our ability to deliver superior financial performance through the cycle

Four: Our potential to generate significant cash flow and dividends

Four: Our potential to generate significant cash flow and dividends

© Copyright Hays plc. HAYS, the Corporate and Sector H devices, "Working for your tomorrow", the HAYS "Working for your tomorrow" logo and Powering the world of work are trademarks of Hays plc. The Corporate and Sector H devices are original designs protected by registration in many countries. All rights are reserved.


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