{"id":449,"date":"2016-04-18T00:00:00","date_gmt":"2016-04-17T23:00:00","guid":{"rendered":"https:\/\/newmillennia.creativespark.co.uk\/why-2016-is-a-great-year-for-starting-a-recruitment-business\/"},"modified":"2025-03-11T16:28:04","modified_gmt":"2025-03-11T16:28:04","slug":"why-2016-is-a-great-year-for-starting-a-recruitment-business","status":"publish","type":"post","link":"https:\/\/www.newmillennia.co.uk\/blog\/why-2016-is-a-great-year-for-starting-a-recruitment-business\/","title":{"rendered":"Why 2016 is a Great Year for Starting a Recruitment Business"},"content":{"rendered":"

STARTING A RECRUITMENT BUSINESS IN 2016 IS AN AMBITION MANY EMPLOYED RECRUITMENT PROFESSIONALS ARE CURRENTLY DAYDREAMING AT THEIR DESKS ABOUT. BUT COULD 2016 BE THE YEAR TO MAKE THE BREAK INTO STARTING YOUR OWN AGENCY?<\/b><\/strong><\/h3>\n

There have been a range of employment studies over the last couple of years that have come to the same conclusion that workers are generally discontent in their current workplace, role or even industry. Now, we know the grass is always greener on the other side, but a number of factors are likely to be affecting this noticeable trend for uninspired employees with itchy feet, or at least the freedom they now feel to express their desire to move on or change course. The whole way people work is changing. People\u2019s expectations, outlook on life, career goals and passion for a work-life balance are causing a shift in the world of employment. Although if you\u2019re in the recruitment industry, you are likely know this already, and furthermore if you\u2019re\u00a0thinking of starting a recruitment business yourself<\/a>\u00a0you\u2019ll probably be familiar with the desire to break out of an unhappy or unsatisfying role.<\/p>\n

\u00a0<\/strong><\/p>\n

Startup Britain<\/b><\/p>\n

2016 has been dubbed the year of the start-up on a number of occasions, seemingly down to the fact that the way people now view their career is changing. Particularly the younger generations, want freedom, flexibility and a balance of working hard but also having the time to enjoy the fruits of their labour. According to a survey by\u00a0Indeed<\/a>\u00a052% of young people in the UK are seeking a career change in 2016, so if the opportunity for going it alone, and in this case starting a recruitment business of your own, arises it seems the nation now has the confidence and determination to get up and just do it. It\u2019s also worth noting that last year saw the UK\u2019s startup survival rate at its highest for the last three years.<\/p>\n

\u00a0<\/strong><\/p>\n

Finding a Niche<\/b><\/p>\n

One of the reasons new startups are gaining the staying power they need to succeed could be down to the fact that people are keen to support local, independent firms. Competition is still as strong as ever but if you\u2019re starting a recruitment business that is specialist and niche you\u2019re competition is immediately and significantly reduced. As a specialist in one niche area you become an expert who can offer expert advice and create expert placements. As the skills shortage continues, niche agencies are thriving as they help match specific skills to specific roles.<\/p>\n

\u00a0<\/strong><\/p>\n

A Strong Market<\/b><\/p>\n

According to the\u00a0REC, 83% of employers in the UK plan to up their hiring agenda and take on more staff in 2016. Unemployment rates have been falling significantly over the last 12 months meaning there\u2019s more people in work, willing to work and eager to progress. It\u2019s no longer as frowned upon for workers to move around, change jobs and even completely switch careers, so as candidates gain confidence to search for their ideal job, your pool of talent widens.<\/p>\n

\u00a0<\/strong><\/p>\n

A Diverse Pool of Talent<\/b><\/p>\n

Years of developing and implementing equal opportunities practices means the UK workplace is a diverse and exciting mix of gender, race and age. It\u2019s not unusual to find a multi-generational workforce with up to five generations working side by side. This makes for a melting pot of experience, knowledge and skills, and as a recruiter, this melting pot is at your disposal. In fact, there is even a rise of entrepreneurs over the age of fifty, proving that there\u2019s always still time to go for your goals.<\/p>\n

\u00a0<\/strong><\/p>\n

Technology<\/b><\/p>\n

Starting a recruitment business may be your ultimate aspiration because you\u2019re good at what you do. You\u2019re great at bringing in new business, you have amazing connections and you perfectly match candidates to jobs every time. Yet, you\u2019re not a payroll expert, admin isn\u2019t your strong point and you know there\u2019s a whole host of back office systems and processes you\u2019ve never had to deal with before. \u00a0This is where technology comes in, as an iPad is great while on the move, or cloud storage helps you keep track of your CV files, online payroll and\u00a0back office platforms<\/a>\u00a0can now be easily managed from anywhere in the world.\u00a0New Millennia\u00a0offer one of the most sophisticated digital interfaces for the recruitment industry covering everything from timesheets to contracts, to weekly payroll.<\/p>\n

\u00a0<\/strong><\/p>\n

So, what\u2019s holding you back?<\/b><\/p>\n

Startups are thriving, niche is the way forward, the market looks promising, there\u2019s some great talent out there and technology growth is on your side. However we understand it can feel risky to leave the relative safety of an employed job and take the plunge into working for yourself. \u00a0Funding is the number one reason would-be-entrepreneurs cite for not starting their own venture. There are always startup costs involved; office space, business cards and perhaps even salaries. Becoming your own boss is appealing, but you need to pay your workers weekly, while usually paying your clients monthly, often causing unavoidable cash flow problems. The answer is often borrowing, bank loans or overdrafts – not so appealing. However worry not, this isn\u2019t the only option. As well as back office and payroll management, New Millennia offer 100% genuine\u00a0funding specifically for those\u00a0<\/a>starting a recruitment business<\/a>. You don\u2019t pay until you\u2019re earning, offering you the peace of mind to know you can get up and running without running up a debt.<\/p>\n


\n2016 offers huge opportunities for new recruitment agencies as many skilled workers see temping and contracts as a flexible option, and the skills shortage means employers are willing to offer more temporary contracts. Having the right finance in place can mean the world, giving you more opportunities and peace of mind. As an official business partner of the\u00a0REC<\/a>\u00a0New Millennia offer funding and full back office support for anyone starting a recruitment business in 2016 and beyond. If you\u2019d like to find out more,\u00a0contact us<\/a>\u00a0for a chat.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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There have been a range of employment studies over the last couple of years that have come to the same …<\/p>\n","protected":false},"author":17,"featured_media":450,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-starting-your-own-business"],"acf":[],"yoast_head":"\nWhy 2016 is a Great Year for Starting a Recruitment Business - New Millennia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newmillennia.co.uk\/blog\/why-2016-is-a-great-year-for-starting-a-recruitment-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why 2016 is a Great Year for Starting a Recruitment Business - New Millennia\" \/>\n<meta property=\"og:description\" content=\"STARTING A RECRUITMENT BUSINESS IN 2016 IS AN AMBITION MANY EMPLOYED RECRUITMENT PROFESSIONALS ARE CURRENTLY DAYDREAMING AT THEIR DESKS ABOUT. 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