World’s Largest Recruiter Says Clients Don’t Have Enough Confidence to Hire
This article is for subscribers only.
Randstad NV, the world’s largest recruiter, says continued macroeconomic uncertainty has resulted in businesses not having enough confidence to make big decisions around investments and hiring.
Persistent inflation in both the US and Europe, slower economic growth, and uncertainty around the path of interest-rate cuts have affected its clients’ spending patterns in several key markets, Chief Executive Officer Sander van’t Noordende said in a phone interview after second-quarter results on Tuesday.