Starting a recruitment business only requires a phone and internet connection, but investing in additional resources can help you grow and succeed. A website is crucial for recruitment agencies, as it serves as the public face of the business. Creating a website using DIY website builders like Wix and Squarespace can cost as little as £10 a month, while professional web design companies may charge around £1,000. It’s important to ensure that the website is mobile-friendly, as 58% of job seekers search for jobs on their mobile devices.
Software is also essential for recruitment businesses, with CRM software and accounting software being the most valuable tools. CRM software helps recruiters easily keep track of candidates and their skills, while accounting software helps track expenses and payments. Office space is another important investment, especially for companies looking to meet with candidates and grow their business. Co-working spaces are a great option for startups, with prices ranging from £100 to £600 a month in London and roughly £200 a month in other cities like Sheffield.
Recruitment businesses must also have insurance, including employers’ liability insurance, public liability insurance, and motor insurance. Staff salaries can be a significant ongoing expense, with the average UK recruiter salary being £26,443. However, salaries can vary based on location and commission rates. Staff turnover can also be an issue in recruitment, so it’s important to offer flexible working and keep salaries competitive.
Marketing is crucial for recruitment businesses, with digital and social media marketing campaigns being effective. Project management software can also help manage the overwhelming amount of tasks recruiters face. By investing in these resources, recruitment businesses can increase their chances of success in a competitive market.
