Posts Tagged ‘Start Ups’
HOW DOES VAT WORK ON INTERNATIONAL PLACEMENTS?
When making recruitment placements within the UK, whether permanent, temporary, or contract, a UK-based recruitment agency that is registered for VAT will charge VAT on the net invoice value to its UK client (except for placements covered by the Nursing Agency Concession). However, when a UK recruitment agency makes a placement (permanent, temporary, or contract)…
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 MoreARE YOUR TOP BILLERS LEAVING TO START THEIR OWN AGENCY? HAVE YOU CONSIDERED THE FOLLOWING SOLUTION?
One of the most challenging aspects of growing a successful recruitment agency is retaining great staff within the business. The best staff members will often be top-producing consultants, managing large accounts and even running teams within the business. If your top billers leave to start their own agency, this could mean the loss of profit, loss of…
Read MoreHOW DOES CIS AFFECT YOUR RECRUITMENT AGENCY IF YOU ARE A NEW START UP?
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…
Read MoreWHO SHOULD START A RECRUITMENT AGENCY?
We’re is often asked “Who is the ideal person to start their own recruitment agency?” and there are many different answers to this question. Sometimes the best recruiters do not always make the best directors of their own recruitment agency as they cannot manage their responsibilities when it comes to running a company, managing their cashflow…
Read More6 REASONS NON-RECRUITERS SHOULD NOT START THEIR OWN RECRUITMENT AGENCY
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…
Read More10 TIPS ON STARTING YOUR OWN RECRUITMENT AGENCY
Each year, more than 8,000 recruitment companies are formed at Companies House with many of them being set up by first time Directors. These Directors are often top-billing recruitment consultants who are fantastic at making placements but have very little experience of running their own company. If you are considering setting up your own recruitment…
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