Skip to content
Blogs_enterprise

thisisengineering-raeng-TXxiFuQLBKQ-unsplash-1-1

Enjoy peace of mind with your contingent workforce. 

Learn more >>


  • Contractor Payroll & Management
  • Worker Insurances
  • Advanced technology
  • In-depth reporting
  • Contractor Care
Blogs_recruiter

jenny-ueberberg-eV2cVxPQ1tY-unsplash

Our ‘OneVendor’ solution is your back office partner.

Learn more >>


  • Contractor Payroll & Management
  • Worker Insurances
  • Cashflow funding
  • Contractor Care

Blogs_contractor

bruce-mars-8YG31Xn4dSw-unsplash-1-1

Welcome to a global network of contractors with the world at their feet.

Learn more >>


  • Contractor Payroll & Administration
  • PI/PL Insurance
  • Salary Packaging
  • Contractor Care

 

Latest News & Blogs

Enterprise: The Role of a Contingent Workforce Strategist

Learn more >>



Contractors: How to set & negotiate rates as an independent contractor

Learn more >>

Case Studies

Sheets-2

Allianz - Changing the Game

How Allianz implemented an industry-leading Contingent Workforce Management solution, at a fraction of the cost of traditional offerings.
Now a finalist for Vendor Solution of the Year at the 2023 ITAs!

Why Oncore?

linkedin-sales-solutions-vqWWOnA6--M-unsplash

Oncore's unique capabilities and how it benefits our customers.

Over our 20 + year history, we've come to realise what our customers are really looking for when they need a partner to help them with their contingent workforce needs.


Our Partnerships
Our Story

oncore-post-Building-an-Effective-Future-Gig-Worker-Strategy-img-768x384At Oncore, our goal is to inspire and enable the global workforce to enjoy the freedom of contracting and flexible work.

Learn more >>


Our Culture

viktor-forgacs-7C5N8yLaeDI-unsplash-1We believe the future of work means having more control over your career, collaborating freely without politics & fostering flexibility in how we think and approach our roles.

Learn more >>


Careers

Oncore-post-201910-post-3-img-1-350x175-3At Oncore, our goal is to inspire and enable the global workforce to enjoy the freedom of contracting and flexible work.

 

Coming Soon

jean-philippe-delberghe-75xPHEQBmvA-unsplash-1
Our Technology

image02-3

Configurable, powerful software for your business.

Ensure your contractors are taken care of with Oncore technology and focus on growing your business.

Contact us

Get in touch with one of our team members

1300 654 484

hello@oncore.com.au


Ambitious keen candidates looking keenly at job opportunities
OncoreAugust 16, 20232 min read

The Value in Recurring Revenue: A Guide for Recruiters

In the recruitment industry, there is a predominant focus on securing new business. Yet, an untapped goldmine that can often go unnoticed is the value in recurring revenue, especially when it comes to managing a Contractor Book. 

Unlike one-time placement fees from permanent roles, placing contractors offers recruiters recurring revenue with every weekly or monthly payout. The true goldmine lies not just in acquiring new business, but in leveraging the consistent revenue that comes from contractor placements.

Let’s dive into the value proposition and explore the compelling reasons why recruiters should start to really focus on this invaluable revenue stream. 

1. Consistent Cash Flow

At its core, recurring revenue provides a consistent and predictable cash flow. Think of it as having a stable salary amidst the otherwise variable income world of recruitment. This stability can be a game-changer for both individual recruiters and the entire agency. It ensures the ability to cover operational costs, empowers scalability, and offers a financial safety net during leaner times.

2. Enhanced Lifestyle

With a steady stream of income, recruiters can enjoy a better work-life balance. There’s a lesser need to be constantly chasing new leads or burning the midnight oil to close a deal. A robust Contractor Book provides the luxury of a steady income, granting recruiters more time for their other interest and commitments and even invest time in their own personal development and upskilling. It’s a win-win where one can earn while also having the liberty to live.  

3. Heightened Business Valuation

Recurring revenue models enhance the overall valuation of a recruitment business. When it comes time to sell or merge, a firm with strong recurring revenue streams is perceived as less risky to potential buyers. This higher valuation can lead to better exit opportunities and increased profits when transitioning out of the business.

4. Stronger Client Relationships

Maintaining a Contractor Book means nurturing long-term relationships with clients. This often translates to a deeper understanding of client needs, leading to better service offerings. In turn, satisfied clients become loyal partners, frequently providing referrals and bolstering the business's reputation in the marketplace.

5. Sustained Business Growth

Recurring revenue sets the stage for sustained growth. With a steady cash flow, agencies can reinvest in their business, whether it's in the form of better tools, training, or marketing initiatives. This proactive investment, backed by the security of regular income, propels the business towards exponential growth.

6. Reduced Operational Strain

Imagine the operational demands of constantly onboarding new clients versus maintaining existing ones. The latter is usually less resource-intensive. By focusing on their Contractor Book, recruiters can reduce the time, money, and effort spent on acquisition, directing their energies instead to service enhancement.

7. A Competitive Edge

In an increasingly competitive marketplace, having a robust recurring revenue model can be a unique selling point. It not only showcases the firm's stability but also its commitment to long-term client partnerships, both of which are attractive propositions to potential clients.  

--------------------------------------------

While the joy of securing a fresh client or placing a candidate in a permanent role remains unmatched, it's crucial to recognise the unparalleled stability and growth potential that contractor placements provide. This recurring revenue avenue not only ensures consistent earnings but also promises a more fulfilling, balanced, and rewarding professional path.

It's not just about the new; it's about building and nurturing for the long term.  Interested in the potential of maximising this opportunity? Reach out to Oncore for more insights and assistance to elevate your agency's potential.  

RELATED ARTICLES