INCE.L Regulatory News (INCE)

17 Jan 2008 07:01

Work Group plc17 January 2008 Work Group plc ("Work" or the "Group") Pre-close Trading Update Work, the AIM-listed HR Consulting Services group, announces a trading updateahead of the release, on 12 March 2008, of its preliminary results for the yearended 31 December 2007. Solid trading throughout 2007 means that the Board is comfortable that full yearresults will be in line with expectations, notwithstanding approximately£300,000 of start-up costs for the opening of an office in New York. The Board is committed to producing consistent and sustainable value for Workshareholders, and consequently has sanctioned increased investment in organicgrowth during 2008. In particular the Board plans the establishment of apresence in the Asia-Pacific region to develop existing client relationships andbuild a local capability. Simon Howard, Chairman, comments: "Work Group has again delivered in 2007 and weare optimistic for our prospects in 2008. The decision to increase investment inthe business is an indication of our confidence in the Group, as well asreflecting our determination to deliver consistent value to shareholders". Further enquiries: Work Group Tel: +44 (0)20 7492 0000 Simon Howard Michael Warren Altium Tel: +44 (0)20 7484 4040 Tim Richardson Sam Fuller About Work Group Work Group offers a range of HR Consulting Services which enable employers towin the war for talent. It focuses on providing services in "talent acquisitionand talent development" which enable employers to more effectively recruit andretain key staff. Work Group's approach is to help employers reduce their traditional reliance onthird-party recruiters such as head-hunters and recruitment firms throughhelping them establish and maintain a direct relationship between employer andprospective employee. It also helps employers reduce attrition costs throughbetter people development and retention of key talent. Work Group currently operates through three divisions; Executive Research,Employer Marketing and Recruitment Process Outsourcing and provides servicesfrom its six locations in the UK and an office in New York. This information is provided by RNS The company news service from the London Stock Exchange