Why Ambitious Recruiters Are Moving To London and Cleaning Up

Read any modern or ancient fairy tale and you will often experience the story of the hero’s journey where the lead character goes off in search of fame and fortune normally to a land far far away.

It’s a story, right? Well yes and no.

It’s a common phenomenon that people who are keen to advance and move forward in their career will find more opportunities in their capitol city.

It’s the same for Americans who move to New York or Aussies that take up residence in Sydney.

Here is the thing: London is the UKs capitol city and is full of opportunity for ambitious recruiters.

Where all the big companies with recruiting budgets hang out

A recent report in the Evening Standard shared the following mind blowing facts.

The latest data confirming London as the business capitol of the world revealed that 40% of the world’s biggest companies choose to base themselves here rather than elsewhere in the continent.

And there is more……

Two in five of the 250 largest companies in the world with a main or European headquarters have it in London, according to a study by Deloitte.

The gap grows even larger when looking at the non-European companies, with 60% of them having their European headquarters in London.

Logically then…..

With some of the world’s largest organisations basing themselves in London their recruitment requirements are much higher than a small SME in Burton-On-Trent; sorry Burton no offence meant.

Global organisations invest heavily in their talent and want the best people to grow their profits.  Consequently their recruiting budgets are higher.

The facts….

The team here  at GSR2R know many recruiters across the country and when we talk about recruiting our friends  north of Watford gap often lament how they struggle to command fees above 12 or 15%; even more concerning this is also on lower paid roles too.

Let’s do the maths

12% on a £23k role is £2760 billing fee. Imagine you move to London and work on bigger roles.

The figures might make you gulp…………how about 20% on a £60 k role will give you a £12,000 billing fee.

Get your calculator out and work out what these type of figures will do to your billings and your bank account……..and the even better news is that roles like this can be easier to fill.

Why would I want to relocate to London for a recruiter role?

The truth is you might not want to. You might be happy in your own home town in a small agency on a small salary.

However I suspect if you’re reading this blog that’s not you; is it? You want to play a bigger game and reap the rewards.

Let me share what folks we help move to London experience:

a. They recruit into bigger companies with bigger recruiting budgets

b. London based companies pay bigger fees on higher salaries

c. There is huge opportunity for career growth and advancement; no more waiting for dead man’s shoes- you might even be a billing manager in 18 months

d. Recruitment companies in London pay bigger salaries, commission and give added perks; Vouchers, Gym memberships, Incentive trips abroad

Your new company will invest in you, think training, database, software programmes, admin support…….the list goes on. One company we know has a team in India providing leads and phones numbers!………….how cool is that?

Peaked your interest?  If this has, give us a call on 0203 696 1215.

Until next time

Cheryl

P.S. Here is a link to our case study page where candidates, just like you, share their experience of working with us.