NEW YEAR, NEW YOU? NEW JOB? NEW RECRUITMENT AGENCY?!
January has always been known as the month of the year that most employees consider changing their jobs and the recruitment industry is no different...
There are many reasons why people decide to leave their current role, it could be that they’re unhappy with their current pay, in need of a new challenge, they long for a better company culture or perhaps they clash with fellow staff members/management. Whatever the reason, each person has to make a decision on what they are going to do moving forward. Recruiters on the other hand may be unhappy with unachievable targets being set, low paying commission structures or restrictions on who or how they should be recruiting.
With that said, some recruiters will consider their position over the Christmas break whilst some will come back to work realising they have another year of the same job prospects. Once this thought enters the recruiters mind it is often a clear sign that they should do something, TBOS list some potential next steps for a seasoned recruiter:
1. CHANGE JOB WITHIN YOUR CURRENT AGENCY
Depending on the size and structure of your current agency and if your unhappiness is caused by your current pay it may be a good idea to explore whether there is a different position available. This may be a promotion to team management, business development or even company directorship. If these positions are a possibility then it is advisable to build a business plan to present to the directors to show the advantage to the company but also to you.
2. LOOK FOR A JOB IN ANOTHER RECRUITMENT AGENCY
If you are unhappy working for your current agency then you may feel that you would be better suited at another recruitment agency, or even recruiting candidates for a different industry. If this is the case then it is important to start looking as soon as possible and/or register with a Rec-to-Rec as you will not be the only one looking for a new position in January. The thing to ensure with any new position is that you do not fall back into the same trap again by going to a company that doesn’t give you the fulfilment you are looking for, consequently leading you to look for another role in the coming months.
3. START YOUR OWN RECRUITMENT AGENCY
Some recruiters, especially the successful ones in 2018, will be looking at their options as to whether they should start their own recruitment agency in 2019 instead of continuing to work for someone else as an employee. There are many options available to recruiters looking to transition to directors of their own agency, with that said they should have sufficient initial cash-flow (ideally 2-3 month’s salary) in order to generate their own clients, candidates and placements. They should also research suppliers who can help them on their journey as a new start up. It’s important to know that setting up an agency can be done fairly quickly but it’s the first placement that may take a while to secure, with payment sometime after
HOW TBOS CAN HELP
TBOS often finds that January is a prime time when recruiters decide to start their own agency, which is why we pride ourselves on providing unrivalled help and advice to new directors on this initial journey. The types of things we help our new clients with are:
- Ensuring the formation of the new company is correctly registered with Companies House
- Arrange the correct business banking for their agency
- Introduce reputable suppliers for services they will need such as contract templates, insurance quotes, web design and databases
- Negotiate the best rates for invoice finance if they plan to operate as a contract agency
- Manage their invoice finance arrangement to ensure their contractors are paid on time -0 ahead of payment from their clients
- Ongoing back-office and accounting support to give the agency its best possible chance in its first year of trading