Recruitment agency growth takes hard work and determination, but beyond that you need to take a strategic approach. Whether you are planning growth by expanding your team of consultants, entering new markets or adopting new technology, here’s our top 5 tips for growing a recruitment business.
- Topic:
- Recruitment
Knowing how to approach the issue of employee retention in teaching has been a long-standing debate across UK schools. Here, Mandy Coalter, founder of Talent Architects, explores the topic from a HR perspective. Having spoken at the Convenzis virtual event for growing multi-academy trusts (MATs), Mandy has a wealth of experience in helping schools and trusts.
- Topic:
- Education
Does your recruitment firm use more than one system? Do your Finance team work separately to the rest of the business? Is rekeying data something that your staff have to do on occasion? Does it take a while to pull together reports for the leadership team? If you’ve answered ‘yes’ to any of these questions, then ‘one view of the truth’ could transform your business.
- Topic:
- Finance
Building a recruitment agency seems like the easiest thing in the world, until you have one that is. Then suddenly what seemed like such a simple process of picking up the phone, conducting interviews, making placements and collecting payments turns into a horribly complicated affair.
To help you on your journey to building your recruitment empire, here are a few things to start thinking about.
- Topic:
- Recruitment
How well does your recruitment firm utilise the wealth of financial and customer data you process on a daily basis? How easy is it for your staff to collate and store that data? And can they subsequently find what they need quickly and use it for decision-making and reporting? In reality, a large proportion of businesses could do far more with their data. It’s common for key information to be dormant in spreadsheets or files rather than readily available – and that could be holding your business back.
- Topic:
- Finance
Are you a Finance Director in a recruitment firm who has seen debtor days rising? Are you concerned that the risk of bad debt might be heading in the wrong direction? It’s not surprising or unusual in the current economic climate as many businesses are operating with cashflow issues and disruption stemming from the pandemic, Brexit, as well as the war in some cases too. So it is entirely possible that a proportion of your customers are struggling. If the risk of bad debt is concerning you and your senior management team, read on for a solution.
- Topic:
- Finance
That’s it, you’ve finally made it. You saunter out of your appraisal meeting with your boss and you’re walking on cloud nine because after months of hard graft and proving yourself, you’ve been given the go-ahead to build your own desk. You start dreaming of the clients you’ll bring on board, the team you’ll hire, the other offices you’ll open, perhaps even global, you think about Dubai for a second because, well sunshine, and you even envisage telling your mum about your new-found career success and maybe then she’ll realise that London is the land of opportunity and stop asking you to move back home. THIS. IS. IT. This is a next step to growing your recruitment agency.
Except you walk back to your desk, sit down, and realise you don’t actually have a clue how to build your own desk. But fear not, we’ve put together some serious know-how:
- Topic:
- Recruitment
The time is now for scaling recruitment agencies
As lockdown recedes to being a distant memory, the UK economy is returning to near normality - and recruitment is high on the agenda. With over 1 million live job advertisements in the UK alone, recruiters are finding their services in high demand. To maximise this period, Access Recruitment and Jump Advisory are hosting a joint webinar where they'll outline how to scale your developing recruitment agency.
- Topic:
- Recruitment
Agility is the watchword for the best performing recruitment agencies right now – not least because we’ve seen the most turbulent two years of business activity in a lifetime. But how quickly and confidently has your recruitment firm responded to constant change so far?
Have your business leaders felt confident with their decision-making – or felt concern about what the impact might be? And ultimately, has Finance led the charge or held things back?
- Topic:
- Finance
Every recruitment agency Finance Director knows that their team of consultants are the firm’s most expensive and most valuable asset. So that means it’s all the more important to ensure that your company is doing everything it can to keep them happy, motivated and productive – and therefore more likely to stay loyal in the long term. But even recruitment firms are not immune to the Great Resignation as recently reported.
The best performing consultants present the highest risk for your agency if they jump ship – not least because their excellent contacts and high productivity rates would be lost overnight. It also takes a while and can be costly to replace your staff, all whilst work is not being done and revenue not generated as a result of their absence.
Clearly there will be some factors that recruitment HR leaders and managers can address. But there are also actions that the recruitment agency Finance Director and senior leadership team can embrace in order to protect the business and its top performers.
- Topic:
- Finance
