IS YOUR RECRUITMENT AGENCY READY FOR THE EMPLOYMENT RIGHTS BILL CHANGES?

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…

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WHAT TO CONSIDER WHEN CREATING RECRUITMENT AGENCY PROJECTIONS?

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…

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QUESTIONS TO ASK BEFORE HIRING BACK-OFFICE STAFF FOR YOUR AGENCY

Hiring back-office staff or outsource

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…

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WHAT DOES THE LABOUR BUDGET MEAN FOR RECRUITMENT – AUTUMN 2024

what does the labour budget mean for recruiters

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…

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THE IDEAL TRAITS OF A NEW RECRUITMENT AGENCY DIRECTOR

TRAITS OF A NEW RECRUITMENT AGENCY DIRECTOR

Not everyone who works in recruitment is cut out to start their own recruitment agency. There could be various reasons, including a lack of experience, skillset, or motivation to become a company director. Furthermore, although some recruiters are fantastic at making placements, they may struggle with managing the other aspects required to run a business,…

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RECRUITMENT AGENCY EXPO – BIRMINGHAM – 9th-10TH OCTOBER 2024

Rec Expo Birmingham 2024

The Birmingham Recruitment Agency Expo opened on Wednesday, October 9th, 2024, for two days of celebrating all things recruitment and the remarkable recruiters who make the industry what it is today. Rec Expo, held at the Birmingham NEC for the past 12 years, features a blend of industry supplier stands, insightful seminars, and valuable networking…

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FINANCE, SCALE, EXIT – MAYACHI’S FIRST JOINT SEMINAR WITH NORDENS AND METROBANK

mayachi seminar

On Thursday 3rd October 2024, MAYACHI joined Nordens Accountants and Metrobank Invoice Finance at the Metrobank office in Holborn for a Panel Networking session.  This session was aimed at recruitment agencies to help look at ways to help manage their cash flow, incentivise key employees via EMI schemes, and strategies to maximise an agency’s future…

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YOUR CLIENT HASN’T PASSED A CREDIT CHECK, WHAT NOW?

When a recruitment agency is looking to make a placement, it is advisable to complete a credit check on the client to find out their financial viability before allowing the candidate on site. This is particularly prevalent when making contracts or temporary placements as often the agency will need funding (often provided by Pay-And-Bill or…

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WHY NOT KEEPING YOUR BOOKS UP TO DATE CAN MAKE YOUR RECRUITMENT AGENCY GO BUST!

Stacks of paper piled up

Recruitment directors are often not financial experts as their skills lie in securing placements, registering candidates and growing their agency via sales. As business owners and directors you need to invest time into ensuring that you understand your responsibilities and stay on top of your financial data to avoid HMRC fines and investigations, and why…

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5 REASONS YOUR PERM-ONLY AGENCY SHOULDN’T TURN DOWN CONTRACT BUSINESS

5 Reasons Your Perm-Only Agency Shouldn't Turn Down Contract Business

Just because you’re a perm-only agency, you shouldn’t turn down contract business. In general terms, recruitment placements can be broken down into permanent placements and contract/temporary placements with some agencies specialising in providing one or the other to their clients. This can sometimes be dictated by the industry the agency are working in, the clients…

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