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, immigration fraudsters heavily targeted recruitment, especially in the medical and construction sectors. To help you navigate these changes, here are the key updates to keep in mind: The […]
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 in the recruitment market 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 […]
Fraud warning – Ghost workers
The Invoice Finance Sector has seen a significant increase in cases of fraud and ghost workers. This typically involves a fraudulent company approaching a legitimate recruitment company and requesting that they put workers on the payroll who aren’t legitimate. What are ghost workers and how can they have an impact? It’s the Director’s and owner’s […]
5 Things to consider when placing contractors internationally:
1. Obtaining specialist advice on the country that you are wishing to place the contractor: When placing contractors internationally, every country has its own laws on residency and tax. It is recommended that you seek the advice of a specialist in the relevant country. There are many Umbrella companies that offer such specialist advice and […]
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 Fees […]
Modern Slavery – 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 […]
Get ready for launch in 2024!
Starting and funding 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 […]
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 renewal 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
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. Temporary workers obviously relying on them to be paid. There is no legitimate reason why this should happen. When it does, it […]
The importance of bad debt protection
What Is Bad Debt Protection in Recruitment? Bad debt protection, also known as credit insurance, safeguards your recruitment agency if a client becomes insolvent and cannot pay their invoices. It acts as a financial safety net, ensuring your business doesn’t absorb the full impact of unpaid debts. Why Recruitment Agencies Need Bad Debt Protection As […]
Could your Supply chain cost you a six figure tax bill?
Recruitment agencies across the UK regularly rely on umbrella companies to handle payments for their temporary workers. Unfortunately, very few business owners are aware of how this can potentially lead to corporate insolvency or even personal bankruptcy. Quite frighteningly, HMRC can issue a huge bill to recruitment agencies if an umbrella company in their supply […]
Why should a recruitment funder be a UK Finance member?
QUBA Solutions and UK Finance: What Our Membership Means for You UK Finance serves as the collective voice of the banking and finance industry in the UK. Representing over 300 member firms, it plays a key role in promoting competitiveness, driving innovation, and ensuring that customers receive the support they need from financial service providers. […]
Benefits of permanent recruitment funding
Why would a recruitment consultancy have their permanent invoices funded? That’s a great question—and one we hear from time to time. Funding your perm invoices offers several benefits. While not every recruitment business will need it, it can be an extremely helpful—and sometimes essential—solution. The main benefits are as follows; Cashflow This is probably the […]
Reporting requirements for employment intermediaries
Employment intermediary reporting is an essential part of running a recruitment agency; submitting the reports are compulsory. Read our help guide to employment intermediary reporting below. What is an Employment Intermediaries Report? An agency that supplies temporary workers to an end client and does not pay those workers on a PAYE (Pay As You Earn) […]
5 Steps To Setting Up Your Own Recruitment Agency
The first 5 steps to setting up a recruitment agency of your own.
Traditional Invoice Finance Alternatives
How does traditional invoice finance work? If you use a bank for recruitment finance, they will typically advance anywhere between 70% to 90% of the invoice value. How does that work in practice? In simple terms, you will produce your own invoices and upload them to the bank’s invoice platform. The bank will advance the […]
Why Security Checks are so Important
Working in the recruitment world, you might already be aware of the need for security checks. Here we delve into why they are so important, and how they can ultimately help your business. Why They Are So Important – In Short The Importance of Security Checks in Recruitment Checks are particularly vital in recruitment due […]
Can’t Find the Right Talent? Go to them!
With recruitment the way that it currently is – more of a bunfight over the best talent than ever before – it is vital to find new ways to expand your search, expand your reach, and expand your business’ pulling power. We know it in life, and in business; “standing still” in never synonymous with […]
Let’s chat about
your business needs
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.