PAYE CONTRACTOR RATES – HOW TO CALCULATE THE TRUE CONTRACTOR COST
When paying a candidate via an Umbrella (or Limited Company), the pay rate that is agreed and…
WHO SHOULD START A RECRUITMENT AGENCY?
We’re is often asked “Who is the ideal person to start their own recruitment agency?” and there…
HOW DOES IR35 AFFECT YOUR RECRUITMENT BUSINESS?
Even though the IR35 legislation has been around since April 2000, there has always been confusion about…
CASHFLOW TIPS YOUR RECRUITMENT AGENCY NEEDS TO KNOW
Recruitment agencies are always good at generating clients, registering candidates, and making placements, but when it comes…
THE TOP 5 HAZARDS OF INTERNATIONAL CONTRACT PLACEMENTS
Expanding into the world of overseas contract placements can be an easy way of increasing an agency’s…
MARK-UP VS GROSS PROFIT IN RECRUITMENT – WHAT’S THE DIFFERENCE?
Recruitment agency fees, whether they are permanent or contract/temporary placements, are always based on the profit generated. These…
6 REASONS NON-RECRUITERS SHOULD NOT START THEIR OWN RECRUITMENT AGENCY
Over the past 10+ years, I have received an astonishing number of enquiries from non-recruiters who wanted…
MAYACHI’S FIRST REC EXPO – HOW DID IT GO?
Rec Expo kicked off on Tuesday 19th March 2024 for 2 days of celebrating everything relating to…
ADVANTAGES OF RUNNING AN INTERNAL PAYE SCHEME FOR YOUR RECRUITMENT AGENCY
Recruitment agencies that provide temporary or contract placements that fall inside of IR35 often use an external…
“MY RECRUITMENT AGENCY IS TOO SMALL TO NEED A NON-EXEC FINANCE DIRECTOR”
Since launching MAYACHI in January, I have spoken to numerous recruitment directors of various sized recruitment agencies. Whilst…
HOW DOES INVOICE FINANCE WORK FOR RECRUITMENT AGENCIES?
Invoice finance is required by most recruitment agencies that are making contract or temporary placements and provides…
SPRING BUDGET 2024 – WHAT DOES IT MEAN FOR RECRUITMENT?
On Wednesday 6th March 2024 at 12.33, the Chancellor, Jeremy Hunt, commenced his Spring Budget 2024 speech….
WHAT TO CONSIDER WHEN MAKING INTERNATIONAL PLACEMENT
Placing candidates in overseas companies can be a very good way of generating additional profit and helping your clients if they have an international reach. Often overseas placements can be at much higher profit margins depending on the country and the complexity of the roles being filled.
WHAT FACTORS CAN AFFECT YOUR INVOICE FINANCE FUNDING?
Funding for a recruitment agency making contract and/or temporary placements is vital as the candidates will need to be paid often before the client makes payment on the invoices raised. If the finance arrangement has been set up correctly, there should be no issues with the prepayment being provided to cover the candidate payments until the client makes payment.
5 REASONS WHY PERMANENT RECRUITERS SHOULD CONSIDER CONTRACT PLACEMENTS
Most new recruitment agencies will begin their journey by exploring permanent opportunities as they can provide that…