How to grow a recruitment agency is a common question when a group of recruitment business owners get together. The industry is filled with many high performing recruiters who decided to try their hand at running there own recruitment company only to find that they are now stuck. Everything is going OK and yet the growth and profits are not happening exactly as they wanted. This is usually because of a lack of attention to two key and vital things.
People and process. As any company reaches a critical mass attention must turn to these key areas.
People
The biggest overhead in any business and also potentially the most lucrative when it comes to impacting on your bottom line. In honesty recruitment company growth and success is led by the performance of your recruiters. A high biller can potentially make you millions. Logically then training recruiters is an important key step.
A recruiter's role is to bill as much as possible. Let's not beat about the bush. To do that they need to have amazing selling and influencing skills with everyone they come into contact with. From the candidates they attract in to the clients that they work with to ensure that the highest quality candidate fulfils the role.
Diplomacy, patience and drive are all needed in abundance. An important factor that still comes into play is the Management and coaching of your high billers. By their nature sales people (aka) recruiters are a bit different. They are used to persuading people. So your recruitment team leaders must make sure that they can handle this. An official performance management process will make sure that your recruiters deliver consistently. Hiring and firing is a waste of money. As recruiters you will know that. Having specific performance measures helps. A famous saying is what gets measured gets made,. Add into this a dash of motivation and additional advanced training and you will soon have a high performing team that does literally work like a well-oiled machine.
Process
Having a process in any business works. A systematic plan to follow works wonders. Have you noticed that some of the biggest employers in the UK use systems, checklists and processes? Imagine turning up at your local hospital to be surrounded by a surgical team that has no idea what is happening next. This might sound an outrageous example and yet think of how this can translate into your own business. A life may not be at stake though a number of livelihoods will be. Creating a system approach and way of thinking will impact in many areas of your recruitment business and is a great clue in how to grow your business. Any repetitive task need to be written down. Success leaves clues. Imagine have a defined process where you can pinpoint exactly what needs to happen to produce predictable results. This process style of thinking can work at all levels in your recruitment company. From your marketing, lead generation, people management, and employee reward and development system.
If you are stuck about how to grow a recruitment business. Sit down with a paper and pen and walk through exactly what is and is not working in these two areas and you will have a first start action plan for success. In summary if starting a recruitment agency is your goal, have a plan and make sure the first three things you explore are the 3 M's.
If you want to learn more about how to grow a recruitment business you can get FREE access to our tips by visiting Centred Excellence at http://www.centredexcellence.co.uk/
Nicky Coffin has over 15 years' experience growing her own recruitment agency and helping other recruitment business owners to do the same. If you want to know more about growing a recruitment agency Visit our interactive website at Centred Excellence.
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