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Mr. McCrindle
asked the Secretary of State for Employment if he will estimate the cost per placing by the Professional and Executive Recruitment Service in 1976 and 1977, respectively.
Mr. Golding
I am informed by the Manpower Services Commission that the estimated unit cost per placing based on the total cost of PER's recruitment services in 1976–77 and 1977–78 and the number of placings made in those two years is £299 and £359 respectively.When account is taken of income earned from employers using PER's recruitment services, the estimated net unit cost reduces to £34 in 1976–77 and to nil in 1977–78 in which year PER made a small trading profit.