SSR Personnel Services - Vacancies - Opportunities at SSR® - Ever thought about the recruitment market?

Ever thought about the recruitment market?

Congratulations! By starting your own recruitment business, you are joining an exciting, dynamic industry-one that in the UK alone turns over £23 billion annually, contributes 4% to the UK’s GDP, places 500,000 permanent workers in jobs each year and has 1.4 million temporary workers registered for work each week.

The latest figures from the American Staffing Association in the US reports that in the 2nd quarter of 2004, America's staffing companies employed 15.9% more people - on average 2.5 million temp/contractors went out each day. Revenues (recruitment fees) produced in the quarter were $15.8billion.

You want to get it right and without a doubt, you also want to operate to the highest standards, for your clients and candidates. After all, that’s why you’re in business. The higher the quality of your service, the happier your candidates, the more your clients’ businesses will prosper…and so should yours. But will it? Is a ’good stab’ good enough for you?

Some say it’s easy to run a recruitment business…but do they all survive, let alone grow and achieve the potential to which you aspire? Running your own recruitment business can be a minefield, especially if you are new to profession. Not only do you have all the business issues to consider (writing your business plan, finding the right premises, bank, accountant, legal advisers, IT specialists…) you also need to deliver the recruitment service, work on sales and marketing strategies, ensure you adhere to all the relevant laws and regulations, hire and manage your own staff …oh and, if you want to stay ahead, engage in some self-development!

So we think you’ll agree that there’s a lot more to it than first meets the eye. To maximise your full potential, you must ensure that both the running of your business and your service are right. That’s sometimes easier said than done, so it’s crucial that you get as much of the right help in your new venture as possible.

How to get it right?

Although limited in number, published studies on this subject provide evidence that start-ups that are effectively supported are more successful than those that are not; they have a higher survival rate; fewer closures due to financial difficulties; faster and more sustained growth, better overall financial management and take more measured risks [source: Barclays/NFEA Tracking Study 2001].

But when this support is sector-specific, the effect is significantly magnified, because those providing the support are on ‘equal terms’; they have worked in the sector and have similar skills, knowledge and experience as those they are supporting. They therefore have more credibility with the entrepreneurs, their advice has a higher chance of being accepted and they can make a real impact on the business. This is the essence of the SSR license; the brand enabling business leaders to achieve personal wealth through the provision of quality services.