Temporary recruitment agencies represent a great business opportunity for the right recruiter. A well-managed temp agency can flourish and grow quickly. But to continue to be profitable, it has to stand out among the sea of other businesses. In this article we offer advice on setting up your temp agency and making it stand out.
Why it’s a great idea to set up a temp agency
2020 started with a global health outbreak and propelled an economic turmoil. While we are still battling the health crisis, we have been witnessing an upturn regarding business growth. Summer 2021 saw the return of business confidence and a surge of job vacancies across the UK. Employers naturally wanted the best talent in the market.
Disruptions over the last two years also helped many recruiters to focus on what they truly wanted to pursue and accomplish. Many seized the opportunity to turn entrepreneurs and start their own temp recruitment agency.
Take a look at the recruitment landscape now. There’s been a rise in vacancies across different sectors which indicates a big demand for talent. The Office of National Statistics (ONS) reports that the number was at a record high of 1,102,000 between July to September 2021. During the three-month period of April to June 2021, temporary employees in the UK increased by 7.9% when compared to the same period a year ago.
The temp sector moves faster than any other area of the recruitment industry. Where it usually takes months for the perm sector to see a job role filled, it is quite the opposite in temporary recruitment with clients needing a suitable employee by “next Monday”.
The talented temp recruiter will always strive to be one step ahead by having a solid candidate pool that they can utilise.
There’s a big turnover in the temps job market due to which clients are constantly in the need of qualified workers. The agency and recruiter that provides the temp talent quickly are the ones the clients will turn to again and again.
Setting up for success
Once you are ready to establish your temp recruitment agency then you must proceed by developing a smart business plan. This includes the market niche to base your business on.
Identifying the right industry constitutes a major component of running a temp agency successfully. There are different questions future entrepreneurs must mull over. Should you focus on the market that is profitable right now? Do you have relevant experience and connections within that industry? What is the competition like in the region you’re going to be working in? Is there unmet market demand that you can explore?
Nonetheless, experienced recruiters will typically commence their business by concentrating on the sector where they are most qualified.
Alongside these questions, you must address start-up costs, financial strategy, and business goals. Keep up to date with new recruiting trends. If these pertinent factors are not tackled correctly, it can easily dismantle your temp agency before long. Therefore, it is important to be realistic when setting goals and projecting business wins in the early days.
Developing a clientele and finding skilled employees are the remaining two challenges for a new temporary recruitment agency. It is a tremendous advantage if you are venturing into a market where you already have solid industry connections. If you are entering a crowded market then it will get very competitive very soon. Your new business is likely to be lost unless you have a strong marketing strategy in place.
Labour and skills shortage remains a challenge for almost every recruitment industry. Temp recruiters need to apply creative steps to grow the candidate pool. Because everyone uses job boards, social media and professional networks. If you want the top talents, you need to adopt proactive recruitment and industry-specific recruiting strategies.
Invest in the right technology solutions
Recruitment is a tech-driven industry. It is true for every type of recruitment but never more so than in the temps sector.
Speed and quality of work are critical for success when recruiting for clients in the temporary recruitment sector. Therefore, automation in the form of cutting-edge recruitment technology is indispensable. It is essentially like working with one hand tied behind your back if agencies fail to implement the appropriate tech support.
A good recruitment software system is one of the most important tech solutions for any staffing agency. It encourages an ambitious temp agency to take greater strides to success.
Temp recruiters must leverage the advantages offered by temporary recruitment agency software to spend less time tied up with admin tasks and more on finding skilled candidates and matching them with the right jobs.
It substitutes the manual efforts put in by recruiters to complete many repetitive tasks. Instead of spending countless hours on a tedious and time-consuming activity, recruiters can engage AI-enabled recruitment agency software to accomplish work faster and better.
Good recruitment CRM comes in many forms. One critical thing to note is platform integration. Take our Voyager Infinity temporary recruitment software. It works perfectly with the leading tools in the industry including CV-Library.
From candidate skills assessment to enhanced communication and comprehensive compliance checks – our tech partners support better temp recruiting at every stage. Use our Voyager Mid-Office software to simplify your pay and bill processes by automating the timesheets and raising invoices quickly. This reduces admin hassles, improves productivity, saves time and helps increase number of placements.
Temp agencies are always seeking talented temp workers. Temporary recruitment operates at an accelerated pace. To maintain the quality of the momentum, temp recruiters are required to have a steady pool of talent.
Consequently, CV-Library is a seamless partnership for Infinity users as the leading independent job board supports recruiters to quickly source the best candidates. With over 15 million candidates, the unrivalled CV-Library database makes it easier for recruiters in this current environment of skills and labour shortage.
Another great solution to candidate sourcing is Talentis. Temp recruiters must swiftly identify candidates with the right skillset if they want to beat the competition and satisfy their clients. Talentis can filter through its massive database of candidate profiles and help you zero in on the most suitable candidates in seconds with no data entry whatsoever.
Setting up your temp agency and making it stand out
Whether you are planning to start out or you are already managing your temp agency, make sure you are leveraging the right technology. This doesn’t simply help optimise your recruiting but it has the merit of providing the most results with the least effort on your part.
One final point – it is important to have your tech partners be as invested in your journey and growth. The post-implementation care and support system must be robust if your temp agency is to flourish. Who can say what kind of issues might crop up in the future? Fortify your business against any setbacks by partnering with good software suppliers.
You will be using your recruitment software every single day. It is vital for the customer care you expect to receive to excel. This means rapid response time, knowledgeable support team and commitment to improving customer experience.
If you’re curious about Infinity temporary agency recruitment software, book a free demo today.
The post Setting up your temp agency and making it stand out appeared first on Recruitment Insight.
Temporary recruitment agencies represent a great business opportunity for the right recruiter. A well-managed temp agency can flourish and grow quickly. But to continue to be profitable, it has to stand out among the sea of other businesses. In this article we offer advice on setting up your temp agency and making it stand out. Why it’s
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