The REC’s 2014/15 Industry Trends Surveyreported that agency turnover from temporary/contract business increased by 9.5% to £28.5bn, and according to our industry sources there are some 10,000 recruitment agencies in the UK that provide temporary staff. So entering the contingent workforce market is likely to be challenging, but approached in the right way can pay great dividends.
The reality of the contract recruitment market
As a start-up, setting out to provide your clients with temporary workers will undoubtedly give you some initial headaches as you work through the logistics of service delivery. You’ll need to evaluate the processes and resource required to administer all the back-office elements, including management of your temporary workforce, timesheet management, plus pay and bill functionality.