Organisations generally tend to avoid handing out employment contracts when the economy is in a state of uncertainty. The Brexit vote, coupled with candidate shortages in education and NHS pay rate caps, meant that the odds were firmly against Impellam (IPEL) in 2016.
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Fortunately, acquisitions made the previous year helped the UK's second-largest staffing business by revenue to find recruitment opportunities elsewhere. With Michigan-based Bartech and healthcare specialist Global Group on board, Impellam ended the year registering a surge in top-line growth and a 21 per cent rise in adjusted cash profit to £70.1m.