When you started your recruitment venture, be it recently or a while ago, you probably started with one key thing in mind – making yourself more money than you earned as an employed fee-earner. This is a common thought from a lot of recruiters.

There’s no getting away from it, it’s a journey and, to make that journey work for you, you have to overcome many obstacles on the way.

In the early years of working for yourself, you have issues including;

1. Getting started and putting systems into place. Getting to grips with business finances.

2. Not having a proper business strategy.

3. Working Long hours and having little time off

As you progress on your journey there will be the need for ;

1. An office to house staff and to raise the profile of the business

2. Growing your business and taking on Admin and more fee-earners

3. Bigger systems, and the need for having the best tech

As you become established and are getting transformational growth, you may wish to consider;

1. Your future outside of recruitment –do I have an exit plan in place?

2. Can I make a tidy sum by selling my business to capitalise on my success?

3. Do I feel good about what I have achieved so far?

Over these series of blogs, I will be giving you the benefit of my many years of experience working with small to medium sized recruitment firms and helping them in all these areas to achieve their success.

If you think Cooper Curtis could help you on your journey, book your ten minute chat with a Recruitment Agency Business Advisor here.

Why you should have a ‘niche’ for your Recruitment Business?

Setting up your own Recruitment Agency comes with a whole manner of things to consider. You may already have an industry you are decided on targeting, but here are some reasons why homing in one industry can make things much easier for your new Recruitment venture.. .

1. You’re putting yourself out there as an expert in your field rather than being a ‘jack of all trades’

2. You can command better placement fees

3. You can home in on your target market reducing wastage and improving KPI’s

4. You can surround yourself with suppliers within the same industry gaining industry insight

5. Build a better all round experience to candidates and clients and a reputation as the go to business

Top tips for helping you choose your Recruitment Agency Niche

1. Who do you enjoy working with?

2. Businesses need passion, hard work and determination to survive. What are you passionate about? Write it down and keep reminding yourself.

3. Research your competition. Is the market saturated with others working on the same niche? If yes, consider micro-niching.

4. Where do your experiences lie?

5. Review any opportunities that you could be sitting on.

Cooper Curtis have helped many start-up Recruitment Businesses to get processes in place and free up your precious time. To speak with us about setting up your new Recruitment Business make a booking and click the button below.

Blog by Caroline

In 2015, employment intermediary reports became compulsory for agencies supplying workers and filed on a quarterly basis.

The workers details and payment details are supplied on a simple excel spreadsheet in a format given by HMRC, each quarter, by the 5th of the following month. If no workers were supplied in a particular quarter, a nil report must still be submitted. 

The main reason HMRC brought in this reporting was to satisfy HMRC that PAYE should not have been operated on their payments and to tackle false self-employment.

Failure to submit these reports or submitting an inaccurate report can run into the £1,000's after a third offence so it is paramount that these are submitted with care. 

You will need to sign up to HMRC's unique online service in order to file these reports.

The intermediary report template can be found on our website under Recruitment resources

For more information on intermediary reporting, please contact us on 0845 303 114 or info@coopercurtis.co.uk 

Post by Caroline

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published. 

What is a millennial? 

Millennials are a group of people who have reached adulthood around 2000. Speaking as one myself, they have high expectations of technology, having always had use of the internet and generically speaking tend to adopt to new technology quickly compared to previous generations. 

According to *Deloitte's 2016 Millennial Survey, in general they express little loyalty to their current employers, and values overtake a need for leadership-skill development.

So what are the millennials looking for in a job role?

• They choose organisations to work for that share their personal values
• Flexible working, better work/life balance
• Have a desire to succeed
• Prefer a Flat structure over hierarchy

Generation Z (the new kids on the block)

The Generation Z are a group who are not aware of a world outside the internet. Born after 1995, they are used to getting everything instantly but still they're a social group, with their lives played out through social media.

Generation Z Career expectations?

Generally speaking, they want to make their hobby their job, they believe in their own network getting them opportunities over qualifications and like the millennials don't believe in a hierarchy at work. 

The fundamental elements remain the same as the millennials, with values and flexible working remaining high on the list. This doesn't mean however they do not want to be successful. 

Further reading;

* http://www2.deloitte.com/global/en/pages/about-deloitte/articles/millennialsurvey.html 

Post By Caroline

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.

I am delighted to announce that Cooper Curtis has been accepted as a Recruitment Service Provider for TEAM, (The Employment Agent Movement) the UK's largest network of independent recruiters. 

We are looking forward to sharing industry knowledge with our fellow members and attending meetings through TEAM's regular networking events. 

We like TEAM's ethos 'nice people to do business with' because we like to think that's how our clients see us and is why I believe our new partnership will work well. 

To see Cooper Curtis on TEAM's website or to find out more about the benefits in becoming a member;

Post by Brian 

Would you like access to our complimentary recruitment resources ? We have compiled a variety of templates for you to use in your every day recruitment tasks. 

Please complete the form below and we will send you an email containing a link and password to access our downloadable templates.

Cooper Curtis is different in that they deliver quality Accountancy and Tax Solutions to Recruitment Businesses due to their proven knowledge and expertise in this industry.

Contact Brian or Caroline on 0845 303 1144 for a chat to see how we can help you raise your game. 

Please note, your details will be treated confidentially and will not be passed on to any third parties.

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.