Posts Tagged ‘Recruitment finance’
WHAT FACTORS CAN AFFECT YOUR INVOICE FINANCE FUNDING?
Invoice finance provides essential funding to recruitment companies that make temporary or contract placements. These agencies must often pay candidates before their clients make payment, and invoice finance bridges that gap. The facility typically provides 75–90% of the client’s invoice value upfront. This advance should be enough to cover candidate payments while the agency waits…
Read MoreHOW TO LAUNCH A SUCCESSFUL RECRUITMENT AGENCY – START-UP TIPS!
How To Start Your Own Recruitment Agency Quickly! So, you’re ready to strike out on your own and launch a recruitment agency? Exciting times! But before you get lost in logo ideas and your first big client pitch, there are a few nuts-and-bolts steps you’ll need to nail. Let’s break it down. Step 1: Nail…
Read MorePERMANENT 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 MoreINVOICE FINANCE – WHAT ARE YOU PAYING FOR?
Invoice finance is a staple in the recruitment industry, especially for agencies placing contract or temporary staff in the UK or overseas. That said, many recruitment directors don’t fully understand the benefits of these facilities. It’s common to question whether to use company funds, take out a loan or overdraft, or even bring in an…
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 MoreWHY PERMANENT RECRUITMENT AGENCIES SHOULD CONSIDER PLACING CONTRACTORS
In a competitive and fast-evolving recruitment landscape, agencies that focus solely on permanent placements may be missing out on a steady, scalable revenue stream. Contract recruitment offers not only consistent income but also increased business value and deeper client relationships. Unlike permanent roles, which are often subject to delays and unpredictable start dates, contract placements…
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 More“I HAVE A POOR CREDIT RATING, WHAT CHALLENGES WILL I FACE IF I START MY OWN AGENCY?”
This is a question MAYACHI has heard many times over the years. It’s not uncommon for recruitment consultants to face financial issues, such as unpaid creditors or loan defaults, that lead to County Court Judgments (CCJs) and poor credit ratings. While having a bad credit score doesn’t prevent someone from setting up their own recruitment…
Read MoreWHAT CAN I DO IF A CLIENT REFUSES TO PAY MY INVOICE?
Every recruiter loves to celebrate when a deal is signed and a candidate is due to start on-site with a client. However, from a business owner’s perspective, the deal isn’t truly complete until the client has made payment. Most clients an agency works with will pay within the agreed terms, or occasionally slightly later, to…
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