Recruitment Finance – release cash flow and pay temporary staff on time

Recruitment Finance is the ideal solution for businesses employing temporary staff and encountering the cash flow issues that go with this approach. If you employ temporary staff in your business, you will know that you typically have to pay them on a more frequent basis, whilst your clients will be paying you on the standard 30 days or more. As with all suppliers, it is crucial to pay temporary workers on time, and this means you can often find yourself short of working capital for periods of time.

A recruitment finance service can fill this gap and keep your cash flow healthy. Simply forward your invoices to your chosen finance company when you receive them, and they will pay your temporary workers as and when required, forwarding the balance of the funds owed to you. They manage the whole remuneration process, and can even retain PAYE and VAT for you to pay when it is due. In addition, recruitment finance companies will handle the collection process for your invoices, ensuring that you get paid when your invoices are due, and freeing up your staff to work on more productive tasks.

If your company has a turnover of between £100,000 and £5 million and you regularly employ temporary staff, recruitment finance could help release your business cash flow and free your staff to concentrate on growing your business. If you are interested in finding out more, simply call the number above or click on the link to fill in the form for a free quote. Factoring-uk.com is owned by Hitachi Capital Invoice Finance, a division of Hitachi Capital (UK) PLC, a registered member of the Asset Based Finance Association.