The demand for temporary staff is likely to continue particularly because genuine growth is on the horizon for UK business. Every indicator has identified improvements and the expectation is that the growth will continue.
While employment prospects are improving some companies continue to be concerned about the implications of expanding their workforce by offering full time contracts. There is nothing wrong with legislation enshrining workers’ rights but it means that companies must comply with legislation that can make a financial impact on the business if things go wrong. One answer is to expand using temporary staff that is provided by a recruitment agency.
Temps solve contractual problems
If for example you have a small office staff it is extremely difficult to bear the enforced absence of someone for a long period when you still bear some financial costs for that person; a good example is maternity leave. In today’s world, enlightened legislation is aimed at making things easier for workers but the counter argument is that it can cause problems for small companies. It means there will always be a demand for temporary staff right around the year. Retail organisations have peak periods such a Christmas and midsummer in resort areas.
It all adds up to an opportunity for recruitment agencies, especially as the economy is beginning to move ahead once again. If you are thinking about starting a recruitment agency because of the increase in demand for workers you should ensure you have all the things in place to make it a success.
Business Plan
Your business plan including the means by which you are going to finance the launch must be well devised. You will obviously need suitable premises and the office equipment and furniture to create a comfortable office. This expenditure does not actually do other than lay the foundations for a business. The growth of the business depends on your energy and expertise. You may have plenty of contacts from workers happy to register with you to clients who will listen to what you have to offer. The whole operation needs to be organised so that you create turnover and growth.
Investigate services
Even if you have worked for many years in the recruitment sector it is likely you will still need help. There are quality service companies that you may like to consider. For example you may consider outsourcing your payroll activity to someone like Simplicity that can guarantee complete security and confidentiality. It is a time consuming activity which requires you to be up to date with current legislation and prompt with your payments to the tax man.
You may decide that factoring your invoices makes your cash flow much more convenient. Your money should be working for you and that is not happening if it is dependent upon prompt client payment. There are companies in the recruitment sector that will certainly listen to your needs and probably satisfy them. You need to get in touch as you make your start up plans and perhaps you will see the advantages of planning the project together.
Image attributed to Freedigitalphotos.net James Barker
