Blogs
SPRING BUDGET 2024 – WHAT DOES IT MEAN FOR RECRUITMENT?
On Wednesday 6th March 2024 at 12.33, the Chancellor, Jeremy Hunt, commenced his Spring Budget 2024 speech. The speech was a rowdy affair within the Westminster chamber (and was stopped on multiple occasions), but many of the details were known ahead of the Chancellor’s announcement. The main focus circled around tax cuts for workers and…
Read MoreWHAT TO CONSIDER WHEN MAKING INTERNATIONAL PLACEMENT
Placing candidates in overseas companies can be a very good way of generating additional profit and helping your clients if they have an international reach. Often overseas placements can be at much higher profit margins depending on the country and the complexity of the roles being filled.
Read MoreWHAT FACTORS CAN AFFECT YOUR INVOICE FINANCE FUNDING?
Funding for a recruitment agency making contract and/or temporary placements is vital as the candidates will need to be paid often before the client makes payment on the invoices raised. If the finance arrangement has been set up correctly, there should be no issues with the prepayment being provided to cover the candidate payments until the client makes payment.
Read More5 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…
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