Blogs
4 FACTORS TO CONSIDER WHEN LOOKING INTO INTERNATIONAL RECRUITMENT
International placements are one of the methods UK recruitment agencies are exploring in 2025 to grow their businesses and service offerings. Many agencies have found that the margins on international placements are much higher and that the skills that UK recruiters use to make placements are transferrable overseas with great effect and return. However, making…
Read MoreWHEN SHOULD YOU START YOUR OWN AGENCY INSTEAD OF WORKING FOR ONE?
Every person who looks to start their own recruitment agency has their own reasons to take that leap of faith. However, not everyone can be a director of their own agency, and the possibility of failing can be quite high if they have not been a successful recruiter previously or they have not had the…
Read MoreRECRUITERS, STOP FUNDING PERMANENT PLACEMENTS THROUGH INVOICE FINANCE
Invoice finance is a great way for a recruitment agency to receive cash into their bank account before a client makes payment based on the debtor book. This is mainly a requirement for contract and temporary placements as the candidates will need to be paid prior to the client making payment. This type of facility…
Read More6 CREDIT CONTROL TIPS TO GET PAID ON TIME
When an agency makes a placement, there is an element of elation in helping the client and knowing that a fee is due. However, until the client puts the money into the agency’s bank account, the placement is not complete. Most of the time, clients will pay on-time based on the terms of the contract…
Read MoreWHAT ARE THE ADVANTAGES OF INTERNATIONAL RECRUITMENT?
Clients at MAYACHI often ask if expanding recruitment efforts to regions like Europe, the USA, or other international markets is worth the investment. Drawing on years of experience working with agencies that have successfully placed candidates abroad, I always answer with a resounding yes. However, while the potential rewards are substantial, agencies should perform due…
Read MoreTHINKING OF MOVING FROM PAY-AND-BILL TO INVOICE FINANCE?
Pay-And-Bill solutions are a great way for start-up and smaller recruitment agencies to place temporary or contract workers where the funding and administration processes are being looked after by an external provider. However, these types of funding solutions can become very expensive should the company turnover increase significantly. The other alternative for a recruitment agency…
Read MoreSHOULD YOU BREAK UP WITH YOUR ACCOUNTANT?
Although recruitment directors’ focus for their recruitment agency is to make placements, the staple within their business is that they must complete their accounts and tax returns. This part of the process however is rarely a recruitment director’s forte. It will often be tasked to a general accountancy firm that looks after “The Butcher, the…
Read MoreHOW QUICKLY CAN YOU SET UP A RECRUITMENT AGENCY?
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…
Read MoreWHAT FACTORS CAN INCREASE OR DECREASE THE VALUE OF YOUR AGENCY?
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…
Read MoreTOP TIPS FOR STARTING YOUR RECRUITMENT AGENCY IN 2025
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…
Read More