Latest News and Events

The Board of The ReThink Group plc, one of the UK's fastest growing recruitment and technology services businesses, is pleased to announce its final results for the year ended 31st December 2008.

⇒ Revenue of £43.4m (2007: £28.1m).

⇒ Gross profit increased to £12.1.m (2007: £7.9m).

⇒ Profit of £916k from operations before exceptional listing costs (2007: £1,307k).

⇒ Profit before tax of £0.19m, (after deducting £414k of listing costs) compared to £1.07m in 2007.

⇒ Shareholders' funds increased to £2.07m, from £1.2m in 2007.

⇒ Exceptional listing costs of £414k (2007: £nil) from move onto AIM in June 2008.

⇒ Basic earnings per share 0.09p (2007: 1.1p).

⇒ Continued growth in IT recruitment services.

⇒ Strong progress in our business and technology services division, Aiimi.

⇒ Lower revenues in construction division.

⇒ Increase in staff numbers to 149 (2007: 84).

⇒ New regional offices opened in Leeds and Exeter.

 Download the full report

The event will ask the tough questions over how, in this ever tightening economy businesses can leverage incentives to drive better performance from both sales and service orientated employees. Far too often, business have shyed away from incentives as it can often result in the wrong types of behaviour and also be burdensome operationally.

The FSA in the UK recently wrote to CEO’s across the financial services sector regarding concerns over inappropriate remuneration strategies, and urging for reviews to commence forthwith - “it is possible that businesses frequently gave incentives to staff to pursue risky policies, undermining the impact of systems designed to control risk, to the detriment of shareholders and other stakeholders, including depositors, creditors and ultimately taxpayers”, Hector Sants, Chief Executive of the FSA.

With increased focus and interest in Incentives and remuneration Aiimi has commissioned a survey to explore the utilisation and influence of incentive schemes on business performance, and in particular to explore the views of executives regarding the appetite for such schemes and how companies plan to deal with longer term strategies, focus on the ‘customer experience’ and how you avoid mis-selling.

The aim of our survey is to gather the thoughts of leading UK businesses as to how remuneration below the boardroom can be structured to create value for shareholders over both the short and long term.

Take the survey

Aiimi are to jointly host an Executive event with Microstrategy later in November. This will be the first event hosted jointly by Aiimi and Microstrategy, and will see executives from some of the UK’s leading companies coming together to discuss and share ideas on the value of Business Intelligence.

Aiimi attended the Callidus EMEA Executive Briefing on 16th September 2008. The event was organised for major organizations across EMEA from a wide range of verticals including the telecoms, finance, utilities and technology markets. The event was attended by customers, prospects and partners to discuss the growing importance of Human Performance management, and to network with peers and listen to industry experts and thought-leaders.

Aiimi joined Callidus on their expert panel for customer and prospect discussions on the Implementation of Callidus; including implementation approaches and integration issues.

The overwhelming success of the first Callidus EMEA Conference demonstrates that Human Performance is rapidly growing in importance across the region and organisations are looking for the ability to manage performance in ever-changing business.

Callidus Software (www.callidussoftware.com, NASDAQ: CALD) is the market and technology leader in Sales Performance Management (SPM). Performance-based compensation is one of the largest investments for all companies. Callidus’ customers gain a competitive advantage by maximizing the return on this strategic asset. Our award-winning Software-as-a-Service (SaaS) applications set the standard for pervasive performance management across the enterprise. Over 1.9 million employees and channel partners have their performance managed by Callidus Software.

Read more...

We are in unprecedented times: on the brink of a possible worldwide recession, with failing financial institutions causing uncertainty in businesses in almost every sector. Now more than ever before companies small and large are looking to new ways to drive performance as they brace themselves for the inevitable economic downturn. Increased interest in incentives and remuneration is not limited to the financial sector; in fact it is being addressed in board rooms and governments across the globe

During a speech made on Global Economy at the Reuters building, Prime Minister Gordon Brown spoke about the need for core values and fair reward, and the need to do more to promote integrity. He calls for changes “founded on our core values of fair reward for hard work, effort and enterprise, not unfair incentives for irresponsibility or excessive risk-taking for which the rest of us have to pay”.

Read more...

Conservative Leader David Cameron’s speaking from the Bloomberg offices tells of how he and the Tories see best to overcome the economic downturn. He talked about how incentives plays a key role in rebuilding a healthy economy saying “The centre right understands that society and the economy are both made up of the same thing: people. You need to get the incentives right, get the framework right, and give people responsibility to do the right thing”.

Read more...

ReThink Group made its debut on AIM on 17th June 2008. The company raised £804,000 (before expenses) by placing 8,040,000 shares for sale at 10p a piece. At the end of the first day’s trading, ReThink was up 2.5p at 12.5p.

The Directors believe that a trading facility on AIM will enhance the reputation of the Group with its clients, will raise its profile generally and will provide a wider market in the Ordinary Shares for the Existing Shareholders. The Directors also believe that the admission of the Ordinary Shares to AIM will establish a base from which to pursue opportunities for growth, particularly by acquisition for shares/ cash.

Read more...

The ReThink Group recently surveyed IT Directors from the UK’s leading companies and found that even in this economic slowdown, half of those surveyed still believed that they would need to increase their IT headcount.

The research conducted by The ReThink Group focused on how IT staffing would change over the coming 12 months and how the current financial climate may influence that. One of the key concerns raised was retention of high calibre candidates and key personnel within a business. Over two thirds of respondents were worried that there could be skills shortage and in turn what affect this will have on cost. As a result of this almost half believed this would have an impact on cost.

Read more...

At the 2007 Industry Awards for Excellence which was held in Battersea ReThink Recruitment won their category as the Recruitment Consultancy of the Year. Shortlisted against 8 of the leading IT recruitment consultancies, it is a strong achievement in their 3rd year of trading.

Read more...

View the advert