Recruitment Firms See the Upside of Going Down Under
Recruitment Firms See the Upside of Going Down Under in 2010
Weve seen an increase of 15% in the last six weeks in the number of UK companies, many of them recruitment businesses, looking at setting up an operation Down Under, says Raj Sesha CEO of Sydney-based SDP Solutions. I put this down to the uncertainty about the stability of the UK economy, compared to the burgeoning commercial environment in Australia. Rich in natural resources and situated close to developing nations Down Under represents a solid opportunity for entrepreneurially-minded business owners.
Our estimate is that in 2010 more than 1,400 UK businesses will open an office in Australia. Instead of worrying how the new Government will tackle the UKs economic woes the more aggressive business people are looking elsewhere for opportunities. continues Sesha whose company provides outsourcing services.
Having largely escaped the melt-down of the banking sector experienced elsewhere in the world, Australia is on the up. In a speech in autumn 2009 Mr. Ric Battelino, Deputy Governor of the Reserve Bank of Australia, indicated that the country is in a growth phase that would last for years. Furthermore the Australian economy added 30,000* more jobs in November 2009.
Sesha finishes with some tips for entrepreneurs considering opening an office in Auatralia
Get independent local advice on compliance with taxation, legal, funding and insurance matters keep pioneering staff free to focus on new business
Ensure local monitoring and auditing of your overseas branchs finance, banking, and accounting processes with reports direct to managers in the UK.
Establish suitable remuneration packages for new staff dont over or underpay unintentionally.
Reduce local fixed overheads by outsourcing all non-core activities e.g. payroll, accounting.
Rent serviced offices until you have at least six months successful trading under your belt.
Set-aside a fair marketing budget to get your new enterprise off the ground.
Tell your staff to pack sun lotion.