Blogs

January often marks the time when recruiters decide to launch their own agencies. This is frequently driven by reflections on their future plans or dissatisfaction with their current roles, such as facing unrealistic targets or changes in expectations that affect their earnings. These factors can prompt recruiters to consider starting their own businesses. While some…

Every recruitment director dreams of one-day selling their recruitment business and making an amount of money that they can hopefully retire on. However, this is not always the case with only 0.3% of recruitment agencies selling every year due to only 30-40% of agencies who start the sale process ending in a sale. Oftentimes, this…

As we approach the end of the year, many recruitment consultants will be evaluating their current position and may be deciding if 2025 is the year that they start their own start-up agency. Over the past 20 years, I have seen many recruitment consultants consider their options for the following January in the later months…

The Construction Industry Scheme (CIS) was introduced in 1971 to address tax evasion in the construction industry, particularly when paying subcontractors. While many industries have adopted more digitized tax systems, the construction sector still relies on CIS to ensure proper tax deductions on payments made by clients (contractors). Even though recruitment agencies aren’t directly supplying…

With the Christmas period approaching, some recruitment agencies may experience slower periods when clients start to ease off on their recruiting, and certain clients will reduce their hours during the Christmas/New Year break. This gives the agency director a great opportunity to use their time wisely to look towards 2025 and start January with a…

Invoice finance is the most common way of funding contract and temporary placements for recruitment agencies. Invoice finance companies like working with recruitment agencies as the funds are lend against timesheet-based work which is almost guaranteed to be paid so the risk to the funder is minimal. However, invoice finance is often a new term…

On Tuesday 12th November 2024, MAYACHI joined RecruiterZone for a Crowdcast session regarding the upcoming changes proposed in The Employment Rights Bill. This session was aimed at recruitment agencies to help them understand what is changing, when they would come into force and what impact this will have on the industry. The Crowdcast started at…

As we are coming to the end of the current year, many recruitment businesses will be considering their plans for next year so they can target their staff and ensure that they meet their financial goals for the future. However, most recruitment directors do not know where to begin when it comes to creating their…

Growing a recruitment agency often starts with a director hiring recruitment consultants and maybe looking after an element of the back office themselves with an external accountant. As the business starts to expand and the burden on the back office and accounts functions increases, the director will need to decide on how these aspects should…

On Wednesday, 30th, October 2024, at 12.37, the first female Chancellor, Rachel Reeves, commenced the first Labour Budget for over 14 years.  The speech was its usual rowdy affair within the Westminster chamber, and the Chancellor spoke for over an hour and 20 minutes.  The speech focused on how the Labour government would plug the…