6 WAYS TO INCREASE THE VALUE OF YOUR RECRUITMENT AGENCY

6 Ways To Increase The Value Of Your Recruitment Agency

Selling a recruitment agency is a dream for many new recruitment directors, especially if it can be sold for a life changing amount of money. However, due to poor planning, this may not be the case and often, the company will end up undervalued or continue to trade indefinitely. When considering selling a recruitment company, it…

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HOW DOES CIS AFFECT YOUR RECRUITMENT AGENCY IF YOU ARE A NEW START UP?

Hard hat on a work bench

As a recruitment agency start up, understanding how CIS can affect your new business is paramount. The Construction Industry Scheme (CIS) was set up in 1971 to combat the tax evasion occurring within the construction industry when paying subcontract workers. When we think of CIS Placements for recruitment agencies, the tax system overall has become more…

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INVOICE FINANCE COSTS EXPLAINED

Invoice Finance Costs Explained.

Invoice Finance is often a key requirement for recruitment agencies making contract/temporary placements as it provides the funds to pay the candidates before the clients make payment. Although the facility can appear straightforward, understanding the jargon around the charges and how they are calculated can sometimes be alien to a recruitment director. When I meet with potential…

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PAYE CONTRACTOR RATES – HOW TO CALCULATE THE TRUE CONTRACTOR COST

Black calculator with the words "True Cost" on the display screen

When paying a candidate via an Umbrella (or Limited Company), the pay rate that is agreed and paid over includes all the costs of the candidate. However, if a candidate is paid via the agency PAYE scheme, then the agency has several costs based on the candidate’s pay rate that need to be considered to…

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HOW DOES IR35 AFFECT YOUR RECRUITMENT BUSINESS? 

HOW DOES IR35 AFFECT YOUR RECRUITMENT BUSINESS? 

Even though the IR35 legislation has been around since April 2000, there has always been confusion about how it works and how it affects a recruitment agency. This was exacerbated in April 2017 in the public sector and in April 2021 in the private sector, when the IR35 rules changed to put the responsibility of the…

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MARK-UP VS GROSS PROFIT IN RECRUITMENT – WHAT’S THE DIFFERENCE?

Mark up vs gross profit coloured button scale

Recruitment agency fees, whether they are permanent or contract/temporary placements, are always based on the profit generated. These fees will often fall into two categories, a mark-up percentage or a gross profit percentage. However, many recruiters ask me during our initial consultation call “Stewart, mark-up vs gross profit in recruitment- what’s the difference?”. WHAT DOES MARK-UP MEAN?…

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6 REASONS NON-RECRUITERS SHOULD NOT START THEIR OWN RECRUITMENT AGENCY

Stop sign

Over the past 10+ years, I have received an astonishing number of enquiries from non-recruiters who wanted to start their own recruitment agency. These include nurses, doctors, warehouse workers, site managers and IT consultants. Whilst some of these enquiries may have the skills to run their own recruitment agency and be successful, it was often very…

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MAYACHI’S FIRST REC EXPO – HOW DID IT GO?

Recruitment Agency Expo Check in desk

Rec Expo kicked off on Tuesday 19th March 2024 for 2 days of celebrating everything relating to the recruitment industry and the amazing recruiters who work within it. The bi-annual event has been running for 12 years, and this year The Recruitment Agency Expo was held at the Excel Centre in London for the second…

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