The recruitment franchise industry is booming! With a record industry turnover of £27 billion that keeps on increasing year after year, this is an exciting time for recruitment businesses. Recruitment agencies place approximately 1.4 million temporary workers each week and over 780,000 permanent employees each year, with the Recruitment and Employment Confederation (REC) finding that in recent years, permanent recruitment turnover has grown by 22%.
The Chartered Institute of Personnel and Development (CIPD) said that 83% of organisations hire temporary and permanent staff through recruitment firms. This includes hiring for businesses in all sectors of the economy, from secretarial and administrative jobs to the IT and banking industries.
There is an ongoing increase in the number of staff employed in the recruitment industry, indicating room for more recruitment franchises to bring their expertise to companies across the UK. By joining a recruitment franchise, you benefit from an established brand name that will attract companies to come to your recruitment firm for their personnel needs.
If you need more facts on the industry, try checking out the REC website for more details on the recruitment industry.
If you are in the market for starting your own successful recruitment franchise business, then read through these helpful tips to guide you.
- Make sure you’re interested in helping people grow before joining the recruitment industry. It is important that you are passionate about helping people find jobs and helping companies find the right candidates for open positions. If you have a genuine desire to help people, then the recruitment industry is the right place for you. You’ll find that you can put your people skills to use on a daily basis.
- The best choice you’ll make in starting a recruitment business is choosing a franchise instead of starting a brand from the ground up. Recruitment franchises have contacts with many SMEs and large corporations, having previously worked with these companies to meet their recruiting needs. As a franchisee, you will have an immediate potential client base to give you a head start to your business. Take advantage of this fact and choose to start a recruitment franchise business.
- Decide whether or not you want to specialise in a specific recruitment industry. There are a wide range of recruitment franchises, from general recruitment franchises to healthcare recruitment franchises or even childcare recruitment franchises. If you have specific expertise in a field that you would like to utilise in your new franchise operation, then choose a recruitment firm that specialises in that area. If you do not have any expertise, that’s more than okay – some franchisors prefer it if you don’t have any previous experience because they can train you to adopt their own effective methods of recruitment.
- Choose a recruitment franchise that fits your lifestyle. Depending on the recruitment franchise opportunity, some will offer the option to work from home or to open up a storefront. You must decide if you want to adopt a business from home that allows you flexibility to work the hours you want, or if you want to invest more money and start a recruitment firm with a professional office that clients can frequent.
- Talk to current franchisees so you know what to expect. Before joining any franchise operation, you should talk to people who have already gone down the path before you. That way, you will be apprised of all the details, such as how effective the initial training is, how much ongoing support is actually provided and how much you can expect to earn in the first year. They can walk you through a typical day-in-the-life of a franchisee to help you determine if that’s the kind of lifestyle you want.
If you’re interested in starting a recruitment franchise business for yourself, then these tips should help you get started and find your footing in this incredibly lucrative industry that’s expanding quickly. Check out Franchise Direct’s extensive directory of recruitment franchises for the perfect opportunity.