Recruitment

RSM and the recruitment sector

We offer specialist services to recruitment businesses.

The recruitment industry supports £86bn in gross value added across the economy. That is the equivalent of 4.3 per cent of GDP, around the same size as management consulting and larger than either the accounting or legal industries.

*according to figures from the Recruitment & Employment Confederation (REC) published February 2021.

With over 37,000* recruitment businesses active in the UK and a 41.9 per cent* rate of survival, we understand how critical it is for recruitment businesses to get their strategic plans right."

Neil Thomas

*ONS, Business demography, UK, published November 2020

RSM helps recruitment companies at all stages of their development.

Issues you need to consider include:
- financing, such as set up costs, contractor payments and payroll;
- structuring your company;
- tax efficiencies; and
- attracting talent.
RSM can offer the following solutions:
- share ownership and share options; and
- equity incentives
RSM offers a range of back office solutions for recruitment companies to drive business performance and efficiency:
- cloud pay and bill software: InTime;
- pay and bill outsource service powered by InTime;
- cloud HR software: People Manager; and
- outsourced accounting solution for recruitment firms.
RSM can also advise on:
- company structure options tailored to your strategic needs;
- consulting advice on ERP systems such as Netsuite and Microsoft Dynamics Business Central;
- helping drive your data and analytics strategy and supporting you to implement a Business Intelligence solution;
- employment law advice - including guidance on people structures and status and managing workplace disputes;
- tax planning efficiencies - ways to limit tax liabilities;
- outsourced HR services - from basic administration tasks through to complex people projects;
- finance function outsourcing;
- corporate legal advice regarding company reorganisation/simplification;
- digital and IT strategy;
- financing for working capital, growth, acquisition, MBO/MBI’s and cash out transactions; and
- protection against bad or doubtful debts.
- Mergers and acquisitions advice (M&A).
- Due diligence services – buy and sell side.
- Growing your recruitment business.
- Exiting or selling your recruitment business.
- Raising debt and private equity finance.
- Valuations and financial modelling.

How to expand a recruitment business overseas?

International expansion advice.
How recruitment clients benefit from our international network.
Financing working capital for growth/expansion into international markets.
International trade credit risk protection reducing the potential for bad or doubtful debts.

Why RSM?
	A dedicated team that works as an extension of your own in-house team
	Sector expertise combined with tailored, partner-led service
	Full spectrum of specialist advice from corporate finance to talent management
	UK and global capability to match your organisation's current and future needs
	Flexible service to meet the short timeframes of this fast-paced industry

RSM specialises in working with recruitment businesses, from start-ups through to multi-national businesses, including:
- executive search;
- contract agencies;
- temporary work agencies;
- permanent placement agencies; and
- sector-specific recruitment agencies.
RSM has clearly demonstrated expertise in working with clients in the recruitment sector, which was important to us when choosing an adviser. We were very impressed with the tax service RSM provided for our recent transaction. We particularly valued the way the team communicated with us in a direct, understandable fashion and the no-nonsense delivery of the tasks required. We felt reassured throughout the entire process because RSM was by our side - they felt like part of our own team."

CEO from a sector specific recruitment agency based in London.

Getting anything done is about building strong, collaborative relationships. With RSM, throughout the process, one of the big successes of the delivery was that it was built on those deep partnerships that have been created. The fact that RSM is internationally present and in multiple different regions and different countries is helpful because we’ve seen throughout the project it’s helpful to lean on that global network."

Global Recruitment Company.