How to tackle the culture of tardy payments in the recruitment sector ?

Are late payments making your recruitment business inch closer to bankruptcy? The culture of late payments (specifically in the UK) has undermined the integrity of the recruitment sector; and the same culture has been responsible for letting several mid- and small-sized recruitment companies fall by the wayside.
For that reason, many companies are seriously thinking before they invest in UK’s recruitment sector. Many entrepreneurs and recruiters lack the confidence that’s required while setting up their own recruitment businesses. The trend of late payments has doused the flame of life of many SMEs. If you, too, are a recruiter or a budding entrepreneur who’s anxious about maintaining a healthy cash flow, you’re not the only one.

The research carried out by BACs points that:

Close to three-fourth of small businesses wait for over a month (after the agreed timeframe) for receiving payments.

One out of five directors takes pay cuts to cover deficits.

On average, tardy payments cost SMEs close to a whopping sum of £677 every month.
So, now, we’d see the steps that can be taken (or are taken) to grapple with the issue of tardy payments in the recruitment sector.

Maintain a proper cash flow

Practically speaking, if your recruitment business doesn’t have a healthy cash flow, it’ll soon get disrupted. Furthermore, late payments for companies will:

• Escalate costs
• Prevent investments
• Inhibit trade

So you, as a recruitment business owner, will have to encourage ethical practices that safeguard the stability of your business. As an ethical business practice, you’ll have your company sign a bond with your associates that’ll clearly set the final date for receiving or clearing payments and other dues.

What the government is doing?

The government, too, is implementing fresh codes that’ll encourage fairness of the payment process. On 26 March 2015, the Prompt Payment Code was introduced that encourages business owners to commit to shorter invoice periods. (For example, by 2016, public sector contractors will pay invoices within a time period of 30 days.)

For knowing more of such insightful tips, contact RSU Services Ltd. The company has helped many to set up their own recruitment companies from scratch. Because of its commitment to bring excellence to the recruitment sector, RSU Services Ltd. complaints are kept to a minimum.

It is for this reason alone that RSU Services careers and employment section has grown by leaps and bounds as well. And which is why, many budding recruiters and enterprising entrepreneurs wish to associate themselves with RSU Services Ltd.

With RSU Services Ltd.’s Assistance, Give Your Recruitment Agency the Edge

A happy customer signifies enormous growth of a business. Every company wishes to do anything and everything under the sun to make its customers happy and satisfied. RSU Service Ltd. is no different and has carved a niche for itself in UK’s recruitment industry by earning the trust and satisfaction of many clients.

By having vast knowledgebase of the recruitment industry, RSU Service Ltd. has proved its mettle every time. With 30 years’ experience, Mr Joe Davis, the managing director of the company, helps budding recruiters and entrepreneurs to set up and run their recruitment businesses from the ground up.

Joe Davis, at RSU Services Ltd., applies the most fundamental strategies of the recruitment industry to deal with the everyday challenges that a recruitment company has to face. (Some of these challenges include finding the perfect candidates for jobs, interacting with potential employers of different industries, etc.)

Under his guidance, RSU Services Ltd. offers a free recruitment start-up workshop, too, to impart the skills and knowledge required to set up and run a recruitment agency. Its rich experience, in-depth expertise and methodical approach, ensures that this service-providing company is preferred by lots of budding recruiters today.

Dedication and hard work of the company has got countless positive reviews on the web; these reviews have helped the firm to grow better. However, getting encouraging reviews does not mean that the company is saved from critics. The company has its fair share of RSU Services Ltd. complaints; however, the company’s attitude to take corrective actions has differentiated it from the rest.

The company works hammer and tongs to bring the best services to its clients all the time. Its experience and expertise in the recruitment sector have encouraged this company to set up over 600 recruitment agencies for different sectors—hospitality, IT, etc.

So if you want to start your own recruitment agency, you must contact RSU Services Ltd. as it helps to establish recruitment businesses from scratch.

RSU Services Ltd. takes the shortest turnaround to resolve its complaints

For RSU Services Ltd., customer queries should be resolved within the shortest turnaround. The company believes that by doing so, a business will be able to make its customers happy and satisfied; and if a business’s customers are satisfied, they might post encouraging reviews for it on the Internet.

RSU Services Ltd. is in the business of letting others set up their own recruitment companies from the ground up. In such a business, even the slightest trace of dissatisfaction can lead to a flurry of negative reviews and complaints.

For that reason itself, these complaints should be resolved in no time. The company makes it a point to do so every time. However, resolving queries and complaints quickly has become possible for the company because it offers quality products and services that never disappoint clients. By offering such high quality, the company has received only few complaints and issues.

And one other reason that has helped the company to touch new heights of excellence is Mr. Joe Davis. Mr. Davis has rich experience of over thirty years in offering the best strategies to recruitment start-ups. So if you, too, are planning to set up your recruitment business easily and quickly, RSU Services Ltd. provides you the opportunity to do so.