Agency?

[level200]

Hi guys

I have an idea for a specialist recruitment agency to feed into the local area. I can get a good supply of said specialist people on my books.

I just have one question, just how does a recruitment agency work?

I.e employer asks for a specialist to work In house with them for 2 weeks, I send someone who matches their needs perfectly.. Then what? How do they pay me and how do I pay the employee? What do I need to do regarding short term employment tax etc .. And what paperwork etc.. Do I need to think about?

Cheers for any help

 

[Richie N]

If you don't know then you shouldn't start an agency imo.
Get a job with a specialist agency in your field and once you have the knowledge, training etc then consider your own venture.

 

[level200]

Thanks for your reply Richie, I'm currently employed in training for said specialist area. Although not in recruitment, I was simply asking for constructive advice not negative comments. If someone told you a similar thing whilst you were thinking of starting up how would you feel?

Any how back to my original post. As I said, I'm employed in the training of said specialist area and can potentially put a healthy amount of people on my books each year

I have links to the local specialist industry and was asking how I would manage people on my books etc ...

 

[GraemeL]

Although not in recruitment, I was simply asking for constructive advice not negative comments. If someone told you a similar thing whilst you were thinking of starting up how would you feel?

To be frank (though clearly you will not like this) I would be grateful for honest and realistic advice. If you can't take 'negative comments' now, then having your own business will be a challenge.

What you see as negative is what you need to know. Clearly you have huge gaps in your knowledge.

I agree with Richie. If you truly believe you have potential to make a go of this, then pack in what you are doing and get a job with a recruitment agency to learn how it works. You will be able to get a job in that sector as your passion will be apparent.

Difficult but true!

G

 

[Richie N]

Thanks for your reply Richie, I'm currently employed in training for said specialist area. Although not in recruitment, I was simply asking for constructive advice not negative comments. If someone told you a similar thing whilst you were thinking of starting up how would you feel?

Any how back to my original post. As I said, I'm employed in the training of said specialist area and can potentially put a healthy amount of people on my books each year

I have links to the local specialist industry and was asking how I would manage people on my books etc ...

This is constructive advice and not negative comments...
I have been in recruitment for over 15 years and it's not as easy as most think.
Many do start without experience and fail within the first few years, it also gives the industry a bad name.

If you want to supply staff, maybe set up a partnership with an agency but you really need to learn the industry before starting out.

The REC do a start up, it might be an idea but it does cost money.

Some will come on here and say they have started up without experience, which is good for them but it doesn't always work out.

You asked for advice and you should be able to take it, whether it's what you want to hear or not.

 

[RedEvo]

I understand the legal requirements and statutory financial resilience are quite stringent.

d

 

[Billmccallum]

try this for bedtime reading http://www.bis.gov.uk/assets/biscor...1-949-agency-workers-regulations-guidance.pdf

 

[Deleted member 138423]

All of you, calm down lol. To the OP, if you feel that you've found a niche in recruitment, then you need to get someone to go into business with you who has that recruiting knowledge, or, you need to employ someone with it who can then lead the business with your capital!

You older posters, don't be too harsh on the lad, he's showing entrepreneurial flair and you know a good entrepreneur delegates to those with more knowledge than he has himself

 

[GraemeL]

Good evening,

back to the OP, which said this:-

"I have an idea for a specialist recruitment agency...........

I just have one question, just how does a recruitment agency work?"

That statement and follow up question, taken at face value, demonstrate some lack of expertise. So please do not follow this advice below, which is even more risky than stepping into the unknown on your own.

then you need to get someone to go into business with you who has that recruiting knowledge, or, you need to employ someone with it who can then lead the business with your capital!

G

 

[Salt&Pepper]

I would suggest a moderator removes all that "trolling".

In my opinion if you are smart it's enough to be knowledgeable in the field you want to operate.

You will learn all the rest by reading, informing yourself and well, making mistakes.

The business model is simple, you provide staff at £x and you pay the staff £x-your mark up, presumably using a PAYE system.

Let me know if you like more "to the point answers".

 

[matt seymour]

The OP has asked a very straightforward question, yet not even those who are in recruitment are prepared to answer it. He isn't asking to be judged, he's asking for advice.

Why not just answer the question and give the guy some simple advice on how an agency operates or point him in the direction of where he can find the information he is after?

 

[Richie N]

The OP has asked a very straightforward question, yet not even those who are in recruitment are prepared to answer it. He isn't asking to be judged, he's asking for advice.

Why not just answer the question and give the guy some simple advice on how an agency operates or point him in the direction of where he can find the information he is after?

If you read the posts I mentioned if they do a search they will find enough comments to this subject, it's covered every week.
I also referred them to the REC who cover start ups....

No one is judging him, he asked for advice and I gave it to him, whether he or you agree with it or not, that's your choice.

 

[level200]

I did not expect a simple request for information into the workings of an industry to cause so much trouble. I actually run 3 businesses as well as work full time in education. I am not stupid! I am simply searching for information on another business idea. Apparently I have come to the wrong forum!

 

[level200]

Hmmm not sure i deserve such a level of trolling/ attack such as this!

 

[level200]

Your right I did ask for advice, but no one actually answered my question.

Seems you guys got distracted with your campaign of bullying instead of focusing on the actual request!

I have been a member of this forum since 2006, I wont be coming back.

 

[Richie N]

Your right I did ask for advice, but no one actually answered my question.

Seems you guys got distracted with your campaign of bullying instead of focusing on the actual request!

I have been a member of this forum since 2006, I wont be coming back.

If you read the posts properly, I suggested some advice.
No one has bullied anyone, you need to toughen up, especially if you run several businesses.
Recruitment is even a tougher industry, trust me.

If I wanted to set up an accountancy but knew nothing about it, I would go on a course or join an accountancy to gain experience and knowledge in the industry.
It's not something you can just set up knowing nothing about. What about money laundering etc... knowledge and experience is key.

Loads think that recruitment is an easy way of making money but it's not, you could easily end up in trouble, not knowing the procedures and strict legislations in the industry.
See where I am coming from here.... it's advice, not negative comments or some sort of campaign you seemed to imagine that's going on.

Recruitment is a profession, most of us have studied and gained experience for many years, it affects the industry and gives it a bad name when others come along, start up not knowing anything.

The best thing you can do is get experience within the industry first.

 

[Tin]

I've removed 21 posts from this thread. I would remind all members to please respect each other and not make assumptions which have a habit of taking the wrong course.

I'm not pointing fingers here, I've removed posts from all sides and it takes two to start an argument.

Ray

 

[MrCloser]

doh! have i missed all the aggro? :|

Just a thought about partnerships op; sometimes the sum of two parts is greater than it's constituents.

Maybe try to find someone who is established in the recruitment field, you bring your contacts and specialist industry knowledge, they bring their recruitment business skills. You go 50/50 on the company, and if you get the right person(s) your rate of growth and profiltability would more than compensate for your 'lost' 50 percent of the company. Also having someone else to share ideas with and kick your arse when required can be beneficial.

This forum can be like a business lonely hearts, use it. ..they are not all trolls and pisss takers so keep at it. Some industries hate outsiders, the biggest threat to recruitment agencies is themselves. (competition and falling margins)

 

[Deleted member 138423]

doh! have i missed all the aggro? :|

Just a thought about partnerships op; sometimes the sum of two parts is greater than it's constituents.

Maybe try to find someone who is established in the recruitment field, you bring your contacts and specialist industry knowledge, they bring their recruitment business skills. You go 50/50 on the company, and if you get the right person(s) your rate of growth and profiltability would more than compensate for your 'lost' 50 percent of the company. Also having someone else to share ideas with and kick your arse when required can be beneficial.

This forum can be like a business lonely hearts, use it. ..they are not all trolls and pisss takers so keep at it. Some industries hate outsiders, the biggest threat to recruitment agencies is themselves. (competition and falling margins)

Well said that man!

 

[Richie N]

This forum can be like a business lonely hearts, use it. ..they are not all trolls and pisss takers so keep at it. Some industries hate outsiders, the biggest threat to recruitment agencies is themselves. (competition and falling margins)

I disagree with that...
If someone had the experience in recruitment then I would encourage them to set up their own agency, as I have done with previous staff.

The issue is when they have no experience, set up, fail to follow the correct procedures required, offer lower fees that don't even cover their costs, then close because of this.