Blogs
HOW TO ENSURE YOUR RECRUITMENT AGENCY IS VALUED AT ITS HIGHEST LEVEL
Every business owner dreams of selling their company for millions of pounds, clearing their debts, and retiring early. However, in reality, very few can achieve this. One of the main reasons is that owners become so absorbed in running the business day to day that they fail to plan for a future exit. When the…
Read More6 SIGNS YOU SHOULD CONSIDER OUTSOURCING YOUR RECRUITMENT BACK OFFICE
Outsourcing elements of a recruitment agency’s operations is nothing new. For many years, agencies have relied on external providers for IT, marketing, and HR services. However, when it comes to back-office and accounting functions, there is often a more hesitant attitude, with many business owners believing these tasks should remain in-house. While this can be…
Read MoreCREDIT CONTROL TIPS FOR NEW START-UP RECRUITMENT AGENCIES
Making a placement with a client is the lifeblood of a recruitment agency. However, until the client makes payment, the agency has not fully realised the profit generated by that placement. In many start-up agencies, early placements are handled by the business owner, often using a borrowed invoicing template and without a clear understanding of…
Read MoreTHE ADVANTAGE OF OUTSOURCING YOUR BACK OFFICE
Recruitment business owners need to focus on making placements and nurturing client and candidate relationships rather than wasting time on repetitive administrative tasks. Too often, we see recruiters struggling because they are reluctant to outsource, either out of a desire for control or to save a few pounds. While it may seem sensible to keep…
Read MoreDO PAY-AND-BILL SOLUTIONS REALLY SAVE YOU TIME AND MONEY?
Recruitment agencies placing temporary or contract candidates often face a common funding challenge: workers need to be paid before the client pays the agency. To meet this requirement, agencies can either use their own funds, which carries risk, use a pay-and-bill solution, or secure funding from banks or specialist funding companies in the form of…
Read MoreWHY NON-RECRUITERS THINK STARTING A RECRUITMENT AGENCY IS EASY… AND WHY THEY’RE WRONG
Every year, MAYACHI meets aspiring business owners eager to launch their first recruitment agency. Most of them are former recruiters, often top billers or managers ready to branch out on their own. They are familiar with the industry, its clients, and the challenges. Then there’s the minority: people with zero recruitment experience who are convinced…
Read MoreGETTING A SHAREHOLDER AGREEMENT
Running a recruitment agency means you’re not just calling the shots, but you also enjoy the profits, dividends, and value if the business gets sold. If you are the sole director and shareholder, then life is simple. However, if there is more than one shareholder, it’s wise to consider the future and how you’ll work…
Read MoreNEW YEAR! NEW YOU? NEW JOB? NEW RECRUITMENT AGENCY?
The Christmas and New Year break often gives people the chance to relax, reflect, and make decisions about the year ahead. For some recruiters, returning to work after the break can feel different, particularly if internal changes such as increased targets, reduced commissions, or removed bonus schemes have taken effect. When the role no longer…
Read MoreWHY THIS CHRISTMAS MAY BE A GOOD TIME TO REVIEW YOUR RECRUITMENT FUTURE
With the Christmas break fast approaching, many of us will soon be spending time with family, eating and drinking more than we should, and recharging before returning to work in 2026. However, the festive period can also be a valuable opportunity to reflect on the year gone by and set clear plans and targets for…
Read MoreWHEN DID YOU LAST REVIEW YOUR INVOICE FINANCE ARRANGEMENT?
Invoice finance is essential for any recruitment agency placing contract or temporary workers, as it provides the funding needed to pay contractors before clients settle their invoices. Once these facilities are set up, they can often run smoothly and consistently provide the required funding with minimal administrative oversight, provided they are managed correctly.However, these arrangements…
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