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Best Recruitment Franchises For UK Franchisees
No economy in the world can advance without bringing in fresh talent on a regular basis. This is much the reason why many economists use employment metrics as one of the primary indices.
In an economy as large as ours, the onus of creating new jobs lies squarely on the government and industries. Recruitment businesses and agencies act as a vital cog in this wheel, by connecting the supply with the demand. We have curated a handy list of the leading recruitment franchise opportunities in the UK on this page. Spread across locations, categories and investment levels, these recruitment businesses can well be the investment opportunity you’re looking for!
Recruitment Franchises And The Market
At first glance, many investors feel that the recruitment market isn’t liquid enough to be treated as a viable investment opportunity.
The reality, however, couldn’t be more different.
The overall market that such businesses operate in has made huge strides in the last few years. In 2017-18 alone, the industry grew by about 11% – a number that stands head and shoulders above the rest of the economy.
How Much Do Recruitment Franchise Opportunities Cost?
Franchise businesses in this sector are 100% service based. So, the initial investment required entirely goes towards the business value brought on board by the franchisor.
The average investment range for such opportunities is £10,000 to £25,000.
We have also seen an emerging trend where franchisees prefer to run their business operations from home. This not only saves a great deal of money, it can be a personally rewarding switch, as well.
Do You Need To Be A Recruitment/HR Expert?
You don’t.
Running a franchise business is, in most cases, about leading the team and assuming managerial responsibilities. Unless you’re planning on working for your own business, you needn’t be an industry expert. Of course, having prior experience in the relevant fields can help you a great deal.
How It All Works
Recruitment franchises are, by and large, B2Bs. The business model revolves around securing recruitment contracts from businesses and fulfilling them satisfactorily.
Common examples include technician hire agencies that work with large corporations.