As billing increases and healthy profit margins become a reality for many recruiters, growth plans for their agencies are often achieved sooner than initially anticipated. However, with this growth comes an escalation in responsibilities related to payroll, invoicing,
How can smaller agencies effectively contend amidst the dominance of prominent national and multinational players in the recruitment landscape? In 2012, the count of active recruitment businesses in the UK stood at 12,500. Fast-forwarding to the present day,
So far this year, we’ve witnessed an increase in insolvencies and companies going into voluntary liquidation. This is related to the persistent cashflow difficulties among businesses. According to UK government figures, the year 2023 will see the largest
The term ‘credit management’ is often associated with the final stages of the process when a client receives their invoice and payment is pursued. However, truly effective credit management should commence from the beginning of any prospective client
For entrepreneurial recruitment consultants embarking on their journey of establishing a temporary recruitment agency, grasping the intricacies of payroll management is imperative. Effective payroll administration guarantees accurate and punctual compensation for temporary workers, mitigating legal risks and fostering
Why finding the right growth partner is so important… The year 2022 was a significant moment in the UK recruitment industry. Despite a tumultuous socioeconomic and political environment, the sector again displayed its resilience, with another year of
If you’re a business owner, the chances are that the one thing making you nervous more than anything else is when you will be paid. Whether you’re billing £1,000 or £1 million monthly, it doesn’t matter. It means
Growing your recruitment business in the current market The recruitment sector is highly competitive, and growing your business can be challenging. However, with the right strategies and tactics in place, you can achieve success and take your business
The two things that make the most significant impact on any business are time and money. The more time you have, the greater the number of new business opportunities you can create. And the healthier your agency will
Recruitment Financing & Factoring: What are the hidden charges, and why should I pay them… If you’re a temp agency, you’ll need some cash unless you have considerable means or clients that pay their invoices quickly! You have