Blogs

Every year, there are over 7,000+ new start-up recruitment agencies joining the growing number of companies within the industry. Whilst most of these companies will be formed as subsidiaries of existing agencies or set up by experienced recruitment consultants looking to start their journey as a director, there are still a minority number of professionals…

When a recruitment agency requires funding through an invoice finance arrangement (often when making contracts or temporary placements), the agreements can contain a lot of jargon that must be understood before the facility goes live. One point that can sometimes catch agencies off guard is the concentration limits imposed by invoice finance companies. These limits…

Every recruitment agency hopes that when they make a placement, the invoices raised to the client will be paid within the payment terms set out in the signed contract. Whilst permanent placements have no significant lay out of costs associated with the placements, client invoices for contract and temporary placements will include the amount of…

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…

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…

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…

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…

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…