PayDynamics offers recruitment companies tips on surviving the credit crunch

Free white paper provides information, advice, tips and examples for recruitment companies on thriving during tough times

Payroll and back office support service provider, PayDynamics aims to help recruitment companies pull through the credit crunch by offering invaluable advice on how to cut costs and maximise margins in a new, free white paper entitled Surviving the credit crunch: advice for recruitment companies in tough timesî which is downloadable at http://www.paydynamics.com/

ìRecruitment companies can be particularly vulnerable in an economic downturn due to the lack of demand for workers,î said Sandra Robertson, group operations director, PayDynamcis. ìOur new white paper advises recruitment companies on how to cut costs without compromising the quality of service they provide, to help them survive the credit crunch ì

The PayDynamics document draws on the latest industry research that demonstrates how that UK economic growth has flat lined and is unlikely to improve before late 2009. It highlights trends that affect recruitment companies such as increasing numbers of companies considering reducing headcount in order to cut costs.

ìThe recruitment industry tends to get hit pretty hard during tough economic times,î said Sandra Robertson. ìThey need to cut costs and tighten their belts and our new white paper will help them do just that.î

The white paper examines how far the credit crunch is spreading and how long it could last. It highlights money-saving tactics that are good both for the environment and bottom line. It shows how to turn negatives into positives, explains smart outsourcing and showcases how some recruitment companies have survived hard times on the road to success.

The document examines the merits of outsourcing non-essential functions such as back office and payroll. Using the right partner for such functions can deliver drastic savings, up to 84% in some cases.

Sandra said: ìA major benefit of using such a service is it relieves the headache of worrying about areas such as new tax regimes and employment laws - particularly when there are plenty of other things to worry about.

Surviving the credit crunch: advice for recruitment companies in tough times is available free of charge. Download it at