Blogs
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 initial cash-flow injection. There are also agencies who only specialise in placing permanent candidates due to the consultants’ expertise in making those kinds of placements or their clients favouring workers on their books. However, there are many good financial…
Read MoreIS YOUR RECRUITMENT AGENCY AT RISK BY NOT HAVING CREDIT PROTECTION?
Once a recruitment agency makes a placement, the risk to the agency is whether the client will make payment within the terms agreed.
Read More5 REASONS WHY NEW START-UP RECRUITMENT AGENCIES FAIL
Every year many new start-up recruitment agencies are formed all trying to be as successful as possible to ensure that they can continue to grow in the years beyond. Here are the 5 reasons they fail.
Read MoreNEW YEAR IN THE RECRUITMENT INDUSTRY… PLANS YOU SHOULD BE MAKING
January is the time of year when most people look at the year gone by and make resolutions for the new year ahead. These resolutions should also extend to a person’s working life and as such, make important decisions on their next steps in business whether as a new or existing recruitment agency owner. START YOUR…
Read More7 AGENDA POINTS FOR RECRUITMENT AGENCY BOARD MEETINGS
When running a recruitment agency, it is very easy for the Directors to get bogged down with the day-to-day operations of the business including managing staff, making placements and monitoring overhead, without taking the time to “put their head above the parapet” to properly review their business. Planning a day each month or quarter to…
Read MoreIS YOUR INVOICE FINANCE ARRANGEMENT THE BEST DEAL FOR YOUR AGENCY?
External funding is often required when a recruitment agency makes contracts or temporary placements to bridge the gap between when the client makes payment on 30+ day payment terms and when the candidates will need to be paid within 5-7 days. This funding gap can easily be filled with external funding either from a pay-and-bill…
Read MoreWHY MANAGEMENT ACCOUNTS ARE IMPORTANT TO THE GROWTH OF YOUR RECRUITMENT AGENCY?
The vast majority of recruitment agencies are set up and run by Directors who used to be recruiters in a previous guise. Although they are fantastic at recruiting and making placements, often they do not have the aptitude or interest in accounting unless absolutely necessary. Even if their accountants produce management accounts, they may not…
Read MoreWHAT PREPARATION DO YOU NEED TO DO WHEN CONSIDERING SELLING YOUR RECRUITMENT AGENCY?
Many recruitment directors aspire to one day sell their business for a healthy profit, but unfortunately, the reality is that many will fall short. The main reason for this is the lack of planning that a recruitment agency should undertake in advance of wanting to sell. When recruitment agency directors consider selling their business, they…
Read More6 THINGS TO CONSIDER WHEN BUILDING YOUR RECRUITMENT AGENCY PROJECTIONS
Projections for a recruitment agency can help give a targeted plan for the directors, so they know what they need to achieve over the next 12 months by hitting the sales targets and what they can spend. These projections can help set targets for internal staff members, indicate when new consultants can join the business…
Read More10 TIPS ON STARTING YOUR OWN RECRUITMENT AGENCY
Each year, more than 8,000 recruitment companies are formed at Companies House with many of them being set up by first time Directors. These Directors are often top-billing recruitment consultants who are fantastic at making placements but have very little experience of running their own company. If you are considering setting up your own recruitment…
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