Against a challenging six months, Finite Recruitment (‘Finite’), which includes its Rowben Consulting brand in Australia and Finite920 in New Zealand, has posted healthy growth for the July – December 2020 half year. This included year-on-year Revenue growth of 3.1% and Operating Profit growth of 5.4%. Although fees from permanent recruitment were well down, a buoyant contracting market propelled the revenue increase, which is forecast to accelerate in the next six months as ANZ economies recover quickly. Commenting on the figures, Finite’s MD, Tracy Thomson, highlighted “These results are testimony to the resilience of both our workforce and our business model, with effective cost management measures delivering results without falling back on JobKeeper support”.
The specialist sectors that Finite supports, particularly Technology, Digital, Business Transformation and Risk and Compliance, have continued to see high demand across a wide range of skill-sets, meeting the demands of working from home and emerging security and cyber risks. With Covid-19 under control across ANZ, Finite has seen the re-emergence of a number of Digital Transformation projects.
The Banking and Finance, Retail, Utilities and Government sectors have all remained busy. With hiring confidence returning to the market and permanent recruitment demand picking up again, “we’re excited for what this second half of the financial year will bring. Our exceptional client and candidate care programs are driving increased word of mouth recommendations and new name clients availing of our services for the first time, which is very encouraging”.
Looking ahead, Finite remains focused on accelerating innovation in all its verticals, and is expanding its Consultant and Delivery teams. Finite has made a number of recent new senior hires to increase its coverage and capability, including Nathan Delbridge as Finite’s new ACT Manager in Canberra, with exceptional background experience across Defence, National Security and the Consulting sectors; and Tom Derbyshire as Finite920’s new Auckland Manager, with excellent local NZ market knowledge and a successful track record of establishing and growing Technology & Digital recruitment practices.
“We remain optimistic that the positive market trends and improved economic confidence will continue to drive momentum in the ANZ recruitment market.”