The Top 3 Benefits of Starting a Recruitment Agency in 2022
As a recruiter, you’ve no doubt seen for yourself the significant growth that the recruitment industry has experienced in recent years. In fact, the market size (by revenue) is currently $16.2 billion, and expected to grow by over 4% in 2022. If you’ve been contemplating starting your own agency, now is the time to act.
Starting a recruitment agency is incredibly rewarding, and the industry is quickly becoming one of the most sought-after start-up options available. Let’s explore the top three benefits of having your own recruitment business, and how we can help you succeed.
1. You control your time
Work/life balance can be a hard thing for many of us to achieve. When you work for someone else, they set:
- Your hours
- Your schedule
- Your clients
- Your deliverables
- Your KPIs
- Your salary and commission
At some point, you must wonder what it would be like to set your own work schedule, hours, and the clients you work with. Starting your own recruitment agency would give you the control you’re looking for, so you can achieve a better work/life balance.
2. You bill for yourself
Working for a salary, even with a solid commission rate, can be demoralising when you see how much of the profit that you’re making for an agency goes into the directors’ pockets instead of your own. As a top biller, you know you’ve worked hard to make that money – why aren’t you keeping more of it for yourself?
When you own and run your own agency, 100% of the revenue belongs to you – less the cost of running the business, of course.
Want to see for yourself what that revenue could look like? Check out our recruitment earnings calculator, and see exactly what you could be earning by running your own permanent recruitment agency.
3. You make a substantial investment – for your future
As a good recruiter, you can earn decent money from making regular placements, with a base salary and commission. However, your commission will always be limited to a fraction of the agency’s billings.
Smart recruiters know that owning your own agency provides more income per placement. They also look at the long term, where if you do it right then you’re building a saleable asset that may provide a handsome pay-out if you decide to sell it.
Starting a recruitment agency is about making a substantial investment in your own future, and your own success. Why continue building someone else’s investment, when you could be making a successful name for yourself?
Need more motivation and guidance?
Everyone has different motivations for starting a recruitment agency. It could be:
- Controlling your financial future
- Supporting a lifestyle shift
- Meeting long-term goals
Chances are, the main reason you haven’t made the transition yet isn’t because of a lack of motivation, but rather lack of knowledge around how to execute it. Knowing when or how to start a recruitment agency can seem a little overwhelming, especially if you’ve never started your own business before.
That’s where we can help. We have the experience, the tools, the structures, the systems and the support you need to make it happen.
Ready to find out more? Book a discovery session with us, and find out how you can not only potentially double your income, but also create the success you deserve.
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