Articles
Bibby Financial Services Launches New Recruitment Finance Solution
Bibby Financial Services announces the launch of
Recruitment Finance its new funding and payroll solution for the
recruitment industry.
Already well known in the industry as a factoring specialist, Bibby
Financial Services has developed the product as a direct response to market
needs. Recruitment Finance is set to become a key offering for recruitment
agencies, enabling more time to be spent running and growing the agency
rather than administering it
Recruitment Finance provides an integrated funding, invoicing, collections
and payroll solution specifically for agencies making short-term, long-term
or permanent placements in the UK. Extensive research into the market
demonstrated a real need for a combined service and this product has been
developed to meet this need.
Andrew Dixon, product development director of Bibby Financial Services,
said: “Although the industry is emerging from the slump of previous years
with an accelerated demand for temporary placements and a 7% increase in
turnover, the sector remains weighed down by a number of issues. The
continuing skills shortage as well as the growing legislative burdens still
takes up vast amounts of agency owners and managers’ time.
“This increased pressure meant our clients were crying out for a
one-stop-shop solution from a supplier they trusted -
Recruitment Finance has been developed to be the helping hand that the
recruitment industry needs.”
