Top Tips to start a recruitment business during a recession
It is estimated that there are 30,000 businesses in the recruitment market, with a total revenue of roughly £17 billion and a profit of around £1 billion in the UK alone.
Because of the affordable start-up expenses and the availability of invoice financing to support operating capital, the barriers to entry are minimal. This, in turn, leads to fierce rivalry, with businesses chasing revenue, at times, at the price of margin.
Because the market has continually been short of candidates while being heavy on jobs, what trends can we anticipate in 2023?