Companies who provide recruitment and talent selection services are more important to the British economy than ever before. This is particularly true as the current economic climate is leading to far more temporary or short term contracts, which companies need to recruit for more frequently.
There is also a serious skills shortage in the UK, and increasingly companies are turning to specialist recruiters to try to plug the gaps left by too few applicants with STEM (science, technology, engineering and mathematics) qualifications. All of this means that the recruitment industry has been estimated to contribute £35.1 billion per year to the UK economy. Over 76% of that value is believed to arise from helping to fill temporary employment opportunities. In 2016, there were 9,565 recruitment agencies in the UK with an annual turnover of more than £250,000.
This all means fertile ground for anyone planning to start up a business in this sector, particularly those maximising on the branding, contacts and systems offered by a franchisor. Recruitment companies rely heavily on a relationship of trust with corporate clients, and the ability to seek out candidates of genuine value and interest. Building this recruitment network can mean a huge investment of time – and cash to create the technological support that recruitment agencies now rely on.
A franchise partnership with an established recruitment firm would enable your new start-up to hit the ground running. All you need to do is sort through the many nurturing and supporting franchisers to find one that suits your interests and experience.
For example, Key Stage focuses on filling teaching vacancies, while Prima Ardelle Associates offer franchises in office and professional services recruitment. Travail specialises in temporary staff, and workers on trial for potential permanent employment. CNA International has executive search recruitment consultancy franchises worldwide, and offers the option to open more than one office at once.