Affordable Finance Options for Recruitment Startups in 2025
Starting a recruitment agency in 2025 comes with its own set of challenges and opportunities. One of the most crucial factors for any new business is obtaining affordable financing to support its operations, growth, and sustainability. While there are various financing options available, many may not be suitable for a new recruitment agency unless you […]
QUBA Solutions and Recruitment Back Office Support
In today’s competitive recruitment landscape, recruitment back office support has evolved into a crucial part of delivering seamless services for both agencies and their clients. It is more than just the mundane paperwork or compliance tasks—it’s the backbone of smooth operations, freeing up recruiters to focus on talent acquisition and relationship building. At QUBA Solutions, […]
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 […]
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 […]
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 […]
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 […]
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 […]
The benefits of growing a temp desk
If you’re a recruitment agency that focuses entirely on perm, you may have thought about growing a temp / contract desk at various times. It may be that you’ve not placed temps before, or you’re kept busy with permanent placements. Many agencies show interest in hiring a contract consultant, but they are notoriously hard to […]
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 […]
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 […]
5 Things to consider when placing contractors internationally:
1: Obtaining specialist advice on the country that you are wishing to place the worker: Every country has its own laws on residency and tax, so it’s recommended that you seek the advice of a specialist in the relevant country. There are many Umbrella companies that offer such specialist advice and tailored payroll services for […]
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 […]
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 […]
Get ready for launch in 2024!
Starting a temporary recruitment agency in the UK in 2024 presents unique challenges, considering the dynamic nature of the job market and the specific trends within the temporary staffing sector. However, that shouldn’t put you off. Being Captain of your own ship can be a rewarding and exhilarating experience. At QUBA Solutions, on average, we […]
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 […]
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 […]
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, […]
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 […]
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 […]
Why a recruitment funder should be a UK Finance member?
UK Finance is the collective voice for the banking and finance industry. It represents more than 300 firms across the industry, acting to enhance competitiveness, support customers and facilitate innovation. UK Finance has quickly become recognised as an authoritative, balanced, evidence-led industry body, representing their members who provide finance, banking, markets and payments-related services in […]
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Get in touch and find out how we can take your recruitment business to the next level. You can book an appointment or simply give our team a call on 01305 233 178.