Recruitment

The recruitment sector is worth over £32 billion* to the UK economy per year, of which £28.2 billion is from temporary and £4 billion is from permanent recruitment. Recruitment plays a pivotal role in all stages of a company’s evolution from setting up to exit.

*according to December 2017 figures from the Recruitment & Employment Confederation (REC).

With over 41,000* recruitment businesses active in the UK and a 44.4 per cent** rate of survival, we understand how critical it is for recruitment businesses to get their strategic plans right."

Neil Thomas

*as at 21 June 2018 FAME ** ONS report 

RSM helps recruitment companies at all stages of their development.

What to consider when setting up a recruitment company?

Issues you need to consider include:

  • financing, such as set up costs, contractor payments and payroll;
  • structuring your company;
  • tax efficiencies; and
  • attracting talent.

How do recruitment companies attract, recruit and incentivise talent?

RSM can offer the following solutions:

How to manage your compliance needs?

We can assist you with your HMRC compliance, audit and corporate governance needs.

How can recruitment companies improve business performance?

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;
  • PAYE payroll outsource service;
  • Cloud HR software: PeopleLog; and
  • Cloud Accounting software and outsource management accounting service.

RSM can also advise on:

How to use corporate finance options to meet your strategic plans?

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

What do our clients say?

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.

Keep up-to-date with the latest insights and events

intime

Our leading pay & bill software specifically designed for the recruitment sector to streamline back office processing.

Find out more

Related industries