When you’re looking at how to scale your business or start a new one it’s important to be confident that the decisions you make are the right ones. One common question a lot of business owners have is ‘how big does my team need to be?’ Setting your target revenue is easy, but knowing how many recruiters you need to achieve it can be more complicated.
More Isn’t Always Better
Faced with a new year, and a new revenue target, it’s easy to overreact and take on more recruiters to help you achieve your goal, rather than taking some time to do some proper headcount planning. Taking on loads of recruiters may help you hit your revenue target, but it will also have an impact on your profit as well. That’s why it’s important to find a balance between the number of recruiters you have working desks, and the number of placements you need to make to hit your number.
How Do I Calculate The Ideal Recruiter Headcount For Me?
To help, we’ve put together a new and easy to use ‘recruiter headcount planner’ tool that’ll crunch the numbers for you. The calculators (one for permanent and one for contract) ask for a few key numbers you should already have and then gives you a number on which to base your hiring decisions. That way you can confidently assess whether you need to hire some new talent, or increase your revenue target for the upcoming year.
You can download the tool below. Take it for a spin, and let us know what you think!
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Alan Hiddleston
Alan is an advisor here at Firefish with experience in both sales and marketing.