Here Come the Summer Temps!
It might seem hard to believe given the unpredictable weather of the last few weeks, but summer is almost upon us! As the summer season approaches it brings with it wave upon wave of summer temp roles and candidates hungry for seasonal work. From events work to seasonal student roles, holiday cover and companies hiring to cover increased demand for their services. There’s no shortage of temp work over the summer months!
Plenty of candidates looking for work for the summer holidays. But is your recruitment company prepared? There’s no need to worry if not as recruitment factoring can help!
Recruitment Finance for the Changing Seasons
As any recruitment company knows, summer is one of the busiest times of the year. All those temp roles and candidates can make a rather big hole in your budget, with increased advertising costs and more interviews than ever to schedule. So how can you manage your cashflow during this busy time of year?
Although we’re still a few months away from the height of summer, temp recruitment starts early, so it’s a great time to sort out some recruitment finance that can help your company to prosper once temp season starts. Whether you place temps with your current clients or advertise to attract new clients and temps, your agency will benefit from recruitment factoring.
How Recruitment Factoring Helps Agencies
Whether you’re a small, local recruitment agency with just a handful of clients, or a national chain with several branches – managing your cashflow is key to success. There’s no shortage of competition in the recruitment industry and to stay one step ahead of your competitors, you need to be able to attract top-tier candidates. You also need to be working with companies who will use your services on a regular basis.
Investing heavily in marketing is the way forward, but how do you do this when you’ve barely even got enough cashflow to meet your current commitments? Summer can be a hectic time for the industry, with temp workers submitting time sheets for regular payment on a weekly basis and new candidates and clients contacting you daily to fill seasonal roles.
Recruitment factoring is a great solution if you’re struggling to find cash for marketing or other things this summer. Put simply, it frees up the cash tied up in your unpaid invoices, so you can get on with running your business.
Invoice Factoring Prepares You for Temp Season
Simply Factoring can match you with the right funder for your business, one who understands the challenges of the recruitment industry. You’ll usually receive up to 90% of the funds tied up in unpaid invoices within 24 hours, direct to your bank account. This means recruitment factoring gives you cash on hand to pay temps, advertise seasonal roles and attract new clients, helping you to scale your business. Your funder can even take care of chasing clients for late payments, reducing your overheads when it comes to accounts receivable, or if you prefer you can do this yourself by opting for invoice discounting.
Is Your Recruitment Agency Ready for the Summer Temps?
With summer fast approaching, you could ensure you have stable cashflow to boost you through summer temp season. Recruitment factoring is a low risk option as you’ll never borrow more than you can afford, and your funder will have experience in your industry. So they’re only ever a phone call or email away if you need advice.
As well as cash to pay your temps and advertise roles, you’ll be able to meet your commitments to HMRC. You can also ensure your consultants are paid on time and be able to keep promises to clients when it comes to finding temps for their summer vacancies. You can stay one step ahead of the competition by snagging all those events industry temp roles and festival staff temp contracts. Sounds good, right?
More Information on Recruitment Factoring
To find out more about recruitment factoring or invoice discounting, you can get in touch with our team at any time. We’ve cultivated long-term relationships with a range of funders in the recruitment industry, so we can often negotiate a discounted rate for you!
Whether you’re looking for answers to your questions on recruitment finance, need some advice or want to find out how much it’s going to cost you, the team at Simply Factoring Brokers offer free, no-obligation advice – we’re here to help. Just call us today on 0330 134 2826 or, if you prefer to email, drop us a note at email@example.com.
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