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, […]
Modern Slavery – Why you should care and what you should know.
In today’s interconnected world, the pervasive issues of slavery and human trafficking persist as a dark stain on global society. It is imperative for us all to remain vigilant within our businesses and supply chains. These crimes take various forms—ranging from forced labour and domestic servitude to sexual and criminal exploitation. Shockingly, the International Labour […]
The benefits of recruitment funding – fast and flexible
Recruitment finance is a type of funding specifically for recruitment agencies which helps to be able to pay temporary or contract workers, while providing support with the back-office administration around this. It is different to traditional invoice finance / factoring and has some specific benefits which are as follows; Advance rate – in most cases […]
The importance of bad debt protection
What is bad debt protection? Bad debt protection is insurance against your end clients that covers your business if the client were to become insolvent. Why do I need it? It is crucial for you as an owner of a recruitment agency to have credit insurance in place with your end clients. If you don’t […]
Scary truths about traditional funding
Throughout our 8 years of offering recruitment businesses invoice factoring solutions, QUBA Solutions has come across traditional funding or widely known as invoice discounting methods.We’ve seen it happen again and again, agencies failing because the foundations they’ve built themselves on are unsuitable.Cheap? Yes.Flexible and reliable enough for growing recruitment agencies? No. 1) The Funding LevelThe […]
Could your supply chain cost your business a six figure tax bill?
Umbrella companies are used regularly by recruitment agencies across the UK to pay temporary workers. Unfortunately, very few business owners are aware of how this can potentially lead to corporate insolvency or even personal bankruptcy. Quite frighteningly, recruitment agencies can be hit with a huge bill from HMRC if an Umbrella company in their supply […]
Benefits of permanent recruitment funding
Why would a recruitment consultancy have their permanent invoices funded? It is a good question and one that we do get asked every now and again. There are several benefits to having your perm invoices funded, it won’t be needed by all recruitment businesses and it may be dependent on certain circumstances but it can […]