May was the strongest month in 2021 so far for job advertised and placements. (Firefish Job Flow Index) The recruitment industry has responded to the pandemic and the acceleration of the pre-existing changes to the work of work. Breaking down the barriers to the recruitment process with virtual assessments and interviews and making sure that the right talent has the right access to the roles on offer.
With the majority of UK businesses about turning on the effectiveness and advantages of the working from home workforce, the flexibility of the job location and '’local’ candidates removes the restriction to recruiters seeking suitable candidates.
Both permanent and temporary roles are on the rise. 1 in 3 companies look to hire more contingent workers to give them flexibility and reduce permanent costs. Examples including the demand for supply chain, warehouse and distribution centre staff, with the rise of online shopping.
With a recruiter’s success in matching people with businesses, productivity is on the rise in UK business. As the labour market continues to shift, could the recruitment agency be supported in its mission with invoice finance?
How can Invoice Finance support recruiters?
The gap between placement and payment see recruiters hit cash flow issues. Whether temporary placement or permanent position, recruiters take on costs that their capital may not be able to facilitate. With agencies already at lower cash reserves, invoice finance offers constant cash flow.
The flexible financial solution brings placement and payment closer together, with benefits that include:
- No additional fees for facility startup, renewal or audit – transparent pricing
- Dedicated account manager and collections team to support relationship
- Up to 90% advance of invoice value within 24 hours.
GRENKE are Invoice Finance specialist for recruiters, so will be best placed to help. As the preferred Invoice Finance Provider for the British Institute of Recruiters – we offer a free of charge audit for all Invoice Finance requirements, adding potential growth to Recruitment Agencies nationwide.
Whether new to invoice finance, or well established or looking at an exit strategy. Our team are here to talk you through how invoice finance can help your business today – just an email away.
“Our industry needs financial flexibility.”
There is no better compliment we can receive as a business, then getting a referral for another business to use our services, so don’t let us tell you;
“GRENKE understood our industries' unique need for flexibility," says Reeda, "Their rates were far better and their software was easy to navigate. It has freed up cash to grow our business to meet increased demand." - Reeda Ouzerdine, Chimera Recruitment