Outsourced recruitment funding. Is it right for you?
Running a recruitment business is never easy. Whether you’re just starting out or well-established, cash flow and efficient back office support are both vital to success – so is outsourcing the best option? Let’s face it, nobody sets up a recruitment agency to deal with the admin. Like any business though, success largely depends on doing that bit well.
Cash flow and efficient back office support makes all the difference to how smoothly your business runs and to its reputation. But unless you have a large pot of cash in the bank and a cracking in-house admin team, outsourcing your funding and support services makes a great deal of sense – whatever stage your recruitment business is at.
Launching your own recruitment agency?
Congratulations! It’s an exciting time, although it can feel a little scary. One thing’s for sure: you’ll have your hands full getting your business up and running, so you could use all the support you can get – and you’ll find outsourcing funding comes into its own.
Having routine tasks such as payroll and invoicing taken care of frees you up to focus on what you’re in business to do – and makes sure you remain compliant – so it’s definitely worth looking at having back office solutions alongside funding.
Building your business around contractors and temporary working has a massive impact on cash flow too, as you’ll be having to pay people before clients have paid you – so having invoice financing on a weekly basis, complete with debt insurance and transparent fees so you know where you stand will give you the reassurance and stability to grow.
Ready to take your agency to the next level?
Growing your business takes time, commitment and focus – all of which outsourcing can help you with, as you’ll have access to experts in recruitment agencies and reliable support taking away the stress of running your business (or at least reducing it!). It can streamline your processes and open up all sorts of opportunities to grow your team, gain more clients and develop plans for your future.
And while you’re busy looking to expand, having a reliable source of recruitment finance and efficient payroll services will make sure your contractors, temps and staff are paid in full and on time, maintaining professionalism and helping to consolidate your existing business. In other words, outsourcing is one of the best ways to make sure you deliver the right service while you get on with growing your agency.
Problems with your current back office set-up?
Of course, even large, well-established agencies can have admin problems. Perhaps the in-house team isn’t working well together, leading to poor service levels, or perhaps you or other members of your team are having to get involved too much, taking time away from tasks that add value or make money for your business?
You may already outsource recruitment funding and support, but you’re unhappy with the service you’re getting?
The good news is.. Switching back office providers has never been easier!
Whether you’re looking at outsourcing for the first time or weighing up alternative providers, once you’ve found the right partner – with the right support package – you’ll find it makes running your business so much easier, with invoice payroll funding, admin and compliance all taken care of. So you can simply focus on what you do best – recruitment.
Talk to us
Back Office is renowned as one of the UK’s leading specialist providers of funding and admin support for the recruitment industry. If you need any advice on any aspect of outsourcing, our team will be only too pleased to help. Just call us on 01260 280 290 or send us an email.