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How to pay PAYE candidates

The ONS reported that in February 2024, there were estimated to be 30.4 million payrolled employees in the UK – a rise of 368,000 people over the past 12 months. Within this, wholesale and retail, health and social work and education account for around 40% of UK employees. To ensure our agency partners can continue […]

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Crafting your future: 5 Reasons to launch your own recruitment business.

Let’s talk about something exciting – the prospect of launching your very own recruitment business. Entrepreneurship can seem like a daunting idea for most, but trust me, in the world of talent acquisition, it’s a journey worth considering. As someone who’s knee-deep in the finance sector, particularly in supporting recruitment entrepreneurs like yourself with invoice […]

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IR35 – what recruitment agencies need to know

One of the biggest bumps in the road within the recruitment industry over the last few years has been the changes to IR35. Even though things seem to have settled over the last few years, if you are a recruitment agency placing or looking to place limited company contractors you need to be aware of […]

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Employment law changes in 2024 and how they affect you.

National Living Wage (21 and over):Previous Rate: £10.42 per hourNew Rate (from April 1, 2024): £11.44 per hour National Living Wage for those aged 21-22:Previous Rate: £10.18 per hourNew Rate (from April 1, 2024): £11.44 per hour National Minimum Wage for 18 to 20-year-olds:Previous Rate: £7.49 per hourNew Rate (from April 1, 2024): £8.60 per […]

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Important Changes in Immigration Laws for 2024: What Recruitment Agencies Need to Know

Over the past few years, immigration laws have been constantly changing, causing confusion for many. Non-compliance can lead to hefty fines, especially for recruitment agencies. In 2022, recruitment was a prime target for immigration fraudsters, with the medical and construction sectors being particularly affected. To help you navigate these changes, here are the key updates […]

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Fraud warning – Ghost workers

The Invoice Finance Sector has seen a significant increase in cases of ghost workers. This typically involves a fraudulent company approaching a legitimate recruitment company and requesting they put workers through the payroll that aren’t legitimate. What are ghost workers and how can they have an impact? It’s the Director’s and owner’s responsibility to ensure […]

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State of recruitment market

Introduction: Most sectors saw a quieter 2023 compared to the heady recruiting sprees post pandemic. Economic uncertainty hung in the air, the cost of borrowing increased significantly and labour shortages continued.  So, what will shape 2024 for the recruitment industry? Various factors such as technological advancements, economic shifts, and the aftermath of global events from […]

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The Hidden Costs of Recruitment Funding

Throughout our 9 years of operating in the recruitment funding world, we’ve had thousands of conversations with recruitment agencies and some of those have been partnered with competitors of ours. One thing that frequently comes up in conversation is hidden fees, or extra costs. Here’s a selection to be aware of: – Subscription / Platform […]

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What to do at renewal stage?

When approaching the end of your recruitment funding agreement, you may be unsure of what to do. It’s the perfect time to take a step back and assess how your funding partner has performed for you throughout the partnership. You may feel the solution you have in place is acceptable and renewing is the simplest […]

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2023 takeaways

For many, 2023 has been a challenging year in recruitment. There has been a downturn in placements, costs have increased, and insolvencies have been on the rise. But it’s not all doom and gloom, there’s been some positives to 2023 with newly formed businesses flourishing despite the economic knock backs as well as established agencies […]

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The end result of holding temps’ payroll; Conduct Reg Breach

We hear stories (fairly regularly unfortunately) about recruitment invoice financiers refusing to pay their agencies’ contractors / temps. This is obviously an awful situation to be in and very stressful for the agency with temporary workers relying on them to be paid. There is no legitimate reason why this should happen but, when it does, […]