Blogs

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…

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…

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…

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…