Posts Tagged ‘Recruitment’
PERMANENT VS TEMPORARY VS CONTRACT RECRUITMENT
The recruitment industry is vast and varied, with agencies operating across different sectors and offering a range of services to clients. However, when it comes down to it, most agencies focus on one or more of three main types of recruitment: Permanent, Temporary, and Contract. Some agencies specialise in just one of these, while others…
Read MoreBUILDING UP YOUR CONSTRUCTION RECRUITMENT AGENCY – MASTER THE CIS FROM DAY ONE!
(Construction Recruitment Agency- Master the CIS from day one!) Let’s be honest, building a business in construction recruitment is a bit like putting up a skyscraper. Looks great at the top, but if you don’t get your foundations right? It’ll all come crashing down pretty quickly. So before you chuck on your high-vis and start…
Read MoreARE RECRUITMENT ASSOCIATIONS WORTHWHILE JOINING?
Within the recruitment industry, numerous associations have been formed over the years, providing directors with opportunities to connect with industry experts, fellow business owners, and trusted suppliers. There are plenty to choose from: REC, APSCo, TEAM, TRN, RDLC, RecConnect, Elite Leaders, RecWired, The Canaries, ARC, IOR (apologies to any missed). Each has its own aims…
Read More6 MISCONCEPTIONS HELD BY NEW START-UP RECRUITMENT AGENCIES
Most new start-up recruitment agencies are founded by recruiters who want to build something for themselves. However, many of these new directors have never run a business before. Areas such as accounting, taxation, HR, compliance, and funding were typically handled by their previous employer, leaving them with little experience to draw on. It’s natural for…
Read More5 PROVEN WAYS TO INCREASE YOUR RECRUITMENT AGENCY VALUE
Nearly every recruitment agency owner dreams of one day selling their business and walking away with a life-changing sum of money. However, only a small number can actually achieve this. Many agencies fail to prepare adequately for a sale, or they make mistakes that reduce the value of the business and make it less appealing…
Read More5 THINGS YOU NEED IN PLACE BEFORE YOU MOVE FROM PAY-AND-BILL TO INVOICE FINANCE
There are two main ways of financing temporary and contractor placements for recruitment agencies: using a Pay-and-Bill provider or an Invoice Finance facility. Each method has its pros and cons. Pay-and-Bill works best in the early stages of an agency’s journey into contract placements, or for low-level variable-hour temporary placements. Invoice Finance, on the other…
Read MorePOST-HOLIDAY BLUES… MAYBE YOU SHOULD CONSIDER STARTING YOUR OWN AGENCY
July and August are traditionally when recruiters take a well-earned break, whether it’s a staycation in the UK or a trip abroad, to recharge and reflect on their careers. For many, this downtime becomes a period of clarity and decision-making, and it’s often when the idea of launching their own recruitment agency starts to take…
Read More3 BENEFITS OF INVOICE FINANCE FOR RECRUITMENT AGENCIES
When a recruitment agency places a temporary or contract worker, the worker typically expects to be paid within seven days of submitting their timesheet, regardless of whether it is submitted weekly or monthly. However, many clients operate on 30–60-day payment terms, creating a funding gap that agencies must bridge. This cashflow gap can be covered…
Read MoreMAXIMISING YOUR SHAREHOLDING POSITION
Most recruitment agencies are registered at Companies House as limited companies, allowing the business owners to hold shares in the company. The number of shares and the rights attached to each share class are agreed upon and allocated accordingly. Owning shares typically enables business owners to receive dividends, profit distributions made after corporation tax has…
Read MoreWHY DO RECRUITERS INSIST ON DOING THEIR OWN INVOICING?
One of the most common frustrations we hear at MAYACHI when speaking with recruitment directors is their insistence on handling their agency’s invoicing themselves. Phrases like “It doesn’t take too long” or “It’s quicker if I do it myself” are often just excuses and signs that agency owners are reluctant to give up control over…
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