Key Information Documents
In the UK, recruitment agencies must navigate a host of compliance requirements, and one of the key obligations introduced in April 2020 is the Key Information Document (KID). This document plays a vital role in ensuring transparency and trust between agencies and workers. But what exactly is a KID, and why is it so important? […]
Ten things recruitment founders typically overlook
Starting a recruitment agency is an exciting venture, but founders often overlook critical aspects that can make or break their success. Here are ten commonly missed areas that startup recruitment founders in the UK should pay closer attention to: 1. Understanding compliance and employment law Recruitment agencies must navigate a web of employment laws and […]
Cash flow is the lifeblood of any business
Cash flow is one of the most critical elements for sustaining and growing a recruitment company. While profits are essential, cash flow is what keeps operations running day-to-day. Without sufficient cash on hand, even profitable recruitment agencies can face serious difficulties. Ensuring operational stability Maintaining a positive cash flow ensures that your recruitment business can […]
New year, new goals
As the calendar flips to a new year, recruitment company founders, owners, and directors are presented with an excellent opportunity to assess, reset, and refocus their strategies. The beginning of the year is not just a time for personal resolutions; it’s a pivotal period for businesses to align operations, drive growth, and ensure compliance—particularly as […]
Payroll partner benefits
Launching a recruitment startup is an exciting venture, but managing the administrative side of the business can quickly become overwhelming. Among the critical aspects that demand attention is payroll. Ensuring workers are paid correctly and on time while complying with tax and employment regulations can be complex and time-consuming. This is where partnering with an […]
Understanding Equity Value and EBITDA
When you’re growing your recruitment business, whether you’re a startup or an established firm, understanding how to measure its value is crucial. Whether you’re thinking about selling, attracting investors, or simply planning for the future, knowing the key financial figures can make a big difference. Two important numbers to get to grips with are Equity […]
Keep your overheads low
Starting a recruitment company is an exciting venture, offering the potential for significant rewards. However, like any startup, recruitment businesses face significant challenges—chief among them is managing cash flow effectively and keeping overheads low. For a fledgling recruitment agency, where revenue can be unpredictable in the early days, high upfront costs can quickly become a […]
The best time to launch your own recruitment agency
If you’re an experienced recruiter, you already understand the intricacies of your sector. You’ve built relationships, honed your skills, and proven your ability to deliver results. Now might be the perfect time to leverage your expertise and start your own recruitment agency. At Recruit Ready, we specialise in helping UK-based recruiters turn their experience into […]
The timesheet process
Step 1 Before you start Before you start submitting a timesheet, please make sure you’ve done the following: Credit checked a new client Set up a new client Set up a new candidate Step 1 Step 2 Access the online timesheet form With all the prior stages completed, you’re now ready to raise a timesheet […]
The importance of a strong brand
For new recruitment startups, establishing a strong brand is critical. Your brand isn’t just a logo or a name; it’s how clients and candidates perceive your business. It reflects your values, professionalism, and the quality of your services. A compelling brand can help you stand out in a competitive market, attract clients, and build trust […]
