HOW TO LAUNCH A SUCCESSFUL RECRUITMENT AGENCY – START-UP TIPS!

How To Start Your Own Recruitment Agency Quickly! So, you’re ready to strike out on your own and launch a recruitment agency? Exciting times! But before you get lost in logo ideas and your first big client pitch, there are a few nuts-and-bolts steps you’ll need to nail. Let’s break it down. Step 1: Nail…

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PERMANENT VS TEMPORARY VS CONTRACT RECRUITMENT

The recruitment industry is vast and varied, with agencies operating across different sectors and offering a range of services to clients. However, when it comes down to it, most agencies focus on one or more of three main types of recruitment: Permanent, Temporary, and Contract. Some agencies specialise in just one of these, while others…

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INVOICE FINANCE – WHAT ARE YOU PAYING FOR?

Invoice finance is a staple in the recruitment industry, especially for agencies placing contract or temporary staff in the UK or overseas. That said, many recruitment directors don’t fully understand the benefits of these facilities. It’s common to question whether to use company funds, take out a loan or overdraft, or even bring in an…

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ARE RECRUITMENT ASSOCIATIONS WORTHWHILE JOINING?

Recruitment professionals networking at a business event, building connections and discussing opportunities in the recruitment industry.

Within the recruitment industry, numerous associations have been formed over the years, providing directors with opportunities to connect with industry experts, fellow business owners, and trusted suppliers. There are plenty to choose from: REC, APSCo, TEAM, TRN, RDLC, RecConnect, Elite Leaders, RecWired, The Canaries, ARC, IOR (apologies to any missed). Each has its own aims…

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6 MISCONCEPTIONS HELD BY NEW START-UP RECRUITMENT AGENCIES

Startup recruiter facing confusion, scratching his head in front of a wall filled with question marks and arrows, symbolising challenges in recruitment agencies.

Most new start-up recruitment agencies are founded by recruiters who want to build something for themselves. However, many of these new directors have never run a business before. Areas such as accounting, taxation, HR, compliance, and funding were typically handled by their previous employer, leaving them with little experience to draw on. It’s natural for…

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5 PROVEN WAYS TO INCREASE YOUR RECRUITMENT AGENCY VALUE

Image with lots of purple up arrows symbolising business success and business growth and increase recruitment agency value

Nearly every recruitment agency owner dreams of one day selling their business and walking away with a life-changing sum of money. However, only a small number can actually achieve this. Many agencies fail to prepare adequately for a sale, or they make mistakes that reduce the value of the business and make it less appealing…

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5 THINGS YOU NEED IN PLACE BEFORE YOU MOVE FROM PAY-AND-BILL TO INVOICE FINANCE

Man at a computer with electronic invoices in place, showing tick above each invoice - moving his invoicing from pay-and-bill finance to invoice finance

There are two main ways of financing temporary and contractor placements for recruitment agencies: using a Pay-and-Bill provider or an Invoice Finance facility. Each method has its pros and cons. Pay-and-Bill works best in the early stages of an agency’s journey into contract placements, or for low-level variable-hour temporary placements. Invoice Finance, on the other…

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HOW DOES VAT WORK ON INTERNATIONAL PLACEMENTS?

Global recruitment and international business concept with a digital globe and financial and VAT data charts in the background.

When making recruitment placements within the UK, whether permanent, temporary, or contract, a UK-based recruitment agency that is registered for VAT will charge VAT on the net invoice value to its UK client (except for placements covered by the Nursing Agency Concession). However, when a UK recruitment agency makes a placement (permanent, temporary, or contract)…

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POST-HOLIDAY BLUES… MAYBE YOU SHOULD CONSIDER STARTING YOUR OWN AGENCY

July and August are traditionally when recruiters take a well-earned break, whether it’s a staycation in the UK or a trip abroad, to recharge and reflect on their careers. For many, this downtime becomes a period of clarity and decision-making, and it’s often when the idea of launching their own recruitment agency starts to take…

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