Now is an excellent time to set up a temporary recruitment agency. Although it’s still a very competitive industry, there are a lot of people out there looking to work on a temporary basis and want a reliable agency who will set them up in the best roles and pay them on time.  

As lucrative as temporary recruitment is, getting started still isn’t easy. Things run smoothly once you’re established, but that first year or two is critical if you want to get there.  

Thankfully we’re here to help, providing a service that helps you to hit the ground running with your new endeavour. But before we go into that, let’s talk a little bit about the process of setting up a temporary recruitment company.  

 

How to Set Up a Temporary Recruitment Agency  

As well as all the usual hurdles involved with starting a business, such as registering your company name, finding premises, and applying for grants or funding, new temporary recruitment agencies need to understand the industry they’re getting involved with.  

The most important thing is to register for PAYE (Pay As You Earn) with the HMRC. As you’ll be handling payroll, taxes, and National Insurance for your workers, you need to ensure you’re doing it through the proper means. You also have to remain compliant with industry regulations, something that some start-ups fail to do without realising. As we talked about in last week’s blog, legislation changes quickly within the recruitment world, so you need to stay up to speed.  

What helps with this is a background in recruiting. If you’ve worked with or on behalf of recruitment companies or staffing agencies in the past, you’ll already have experience within the sector that will help you get started. Many of our own team have a recruitment background, which helps us to communicate with our clients and monitor changes within the recruitment industry.  

 

Finding your Niche in Recruitment 

As we said, temporary recruitment is very competitive. Workers will gravitate towards the more established companies, especially if they’re working under an umbrella company that gives them more security. That means finding applicants isn’t easy for a new company; you need to find a way to stand out from the crowd.  

The easiest way to do this is by finding a niche. Recruitment companies that try to cover all bases often struggle to find the best applicants and will have a diverse pool of clients that can be tricky to keep track of, especially when it comes to legislation.  

If instead you focus on a particular industry, such as healthcare, you’ll be able to target particular clients with your marketing and will attract a range of talented workers to provide for them. IT, logistics, and education are also sectors that benefit from dedicated temporary recruitment providers – some more options for startups to consider. It’s always possible to pivot towards a specific industry over time, but it’s a much smoother process if you plan from the beginning.  

 

The Best Service for New Temporary Recruitment Agencies 

Having the know-how to start a recruitment agency and actually doing it successfully are two different things. It’s a complicated process even for people who are experienced in recruitment, and once you’ve started it can easily become overwhelming as the demand increases.  

Our service gives a new temporary recruitment agency everything they need to succeed. It includes:  

… all for one price, from one provider. If you choose us, you’ll be set up with two points of contact. Your payroll account manager will, as the name suggests, handle all payroll on your behalf, so that your temporary workers will be paid on time, at the right time. Since you’ll have recruitment funding in place, you’ll always have access to the funds you need each week, even if your clients are slow to pay their invoices.  

Your credit controller will be in direct contact with your clients, keeping a close eye on their credit limit to ensure that they don’t exceed it. If they are getting close, we’ll let you know immediately so we can adjust their limit before it affects you. In a similar vein, if your clients are struggling with debt, we’ll make sure it doesn’t impact your bottom line thanks to the debt protection part of our service.  

 

When to Invest in Back Office Support 

Some new companies don’t invest in their back office from day one and pay the price. We understand that starting a recruitment company isn’t cheap, even with funding, but the ROI our service helps you see makes it more than worth it.  

Admin tasks like invoicing and payroll management are a major drain on your team’s time. When they’re spending hours per day on these tasks, they aren’t able to do what they do best – bringing in new candidates and setting them up with your clients.  

The sooner you invest in our service, the sooner you’ll reap the rewards. When the admin is being handled better than you can do yourself, with improved accuracy across the board, you’re able to focus on growing your business quickly.  

With a service like ours, the word ‘scalable’ comes up a lot. You’ll never outgrow what we do for you, not the case if you’re using multiple third-party providers. This is what many start-ups do, as the upfront costs are more affordable. But you’ll receive an inferior service, and will have to upgrade in the future anyway, so you might as well invest in what works from day one.  

 

Recruitment Funding for New Temporary Recruitment Companies 

We specialise in working with new start-ups, ambitious young companies looking to make a difference. With us in their corner, they quickly catch up to the competition, and we love to see them thrive!  

If you’re looking to find an advantage and expand quickly, our recruitment funding service is essential, and our recruitment knowledge will help you stay abreast of the latest legislation before it affects you.  

To find out more about us and our service, please don’t hesitate to get in touch. We look forward to hearing from you.