Expanding into the US can offer substantial growth opportunities for recruitment agencies. However, managing foreign exchange (FX) risk is crucial. And when foreign exchange is mentioned, the first point of contact for PGC Group is always Jack Lane-Matthews from WillU Financial Group 👏🏻 In our latest blog Jack explains how UK recruitment agencies can mitigate risks when exchanging money generated in US dollars to their UK business or vice versa. Want to learn more? Catch the full episode below 👇🏻 https://loom.ly/fXCpgII
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Setting up in the US is the first step, but "...Amy? How do you actually hire your first employee? 🧐" As the business landscape becomes increasingly global, the US market offers significant growth opportunities. Many firms test the US market by hiring USA employees to build out their offering. Want the 12 essential steps to follow before hiring your first employee in the US? Check this out : https://lnkd.in/eWWHxx5J
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Had the absolute privilege this week to judge the finalists in several categories of the APSCo Excellence in Recruitment Awards including: ⭐ Recruitment Company of the Year (£2-£5M) ⭐ International Recruitment Company of the Year ⭐ Innovation of the Year Each finalist who presented did an excellent job in sharing the story behind the original submission. It was great to meet a lot of new people during the day and to spend time with my fellow judges; Marie Pegram, Simon Bloch and Alan Horton! Also special thank you to our chairman, John Rose who did a fantastic job of keeping us in check and drawing out the best from the finalists. Already looking forward to celebrating with everyone at the awards ceremony in September! #recruitment #awards #excellence
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Is Austin still popular for doing business? 🤔 Not only did we choose Austin, Texas, as the location for our Headquarters - Many of our clients in 2023 also did. Leaving states like New York to be knocked down to third place in our list of best states for business. Austin's low cost of living and no state income tax are just two of the reasons why people are swarming to the city. In a podcast episode 9, I interviewed Cushman and Wakefield's, Keith Zimmerman and Chris Peddie we discussed the answers to FAQs on doing business in Austin! Want to hear what they had to say? Listen the full interview here : https://lnkd.in/eRN7pVwh
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We all love to think we’re building great relationships with our clients don’t we 🤩 I always talk to our team about having meaning and an authentic approach to everything we do but nothing applies more to this than building relationships with clients. So to receive a LinkedIn notification “you’ve been mentioned in a post” by one of your clients and to read what had been written by Jamie Fraser was definitely a highlight that week! Jamie was one of the first CEOs I spoke to after joining PGC Group. Our first session was looking at potential states to open an office and what the upsides and potential downsides were. Our top three locations we discussed were, Miami Florida, New York City and Austin, Texas. Fast forward three years later and he’s opened successfully in both Miami and New York City! It’s been a privilege to watch the InterEx Group journey and to have had insights to various exceptional leaders in their business. So I thought I would share some of my top tips for building relationships: ✨ Be yourself; authenticity matters. Not everyone is going to like you and that’s okay, but no one can build genuine relationships by pretending to be someone you aren’t. ✨ Understand their goals early; if you can’t be aligned to their direction from the offset, then the foundations will be based on the wrong things and it will fail pretty quickly. ✨ Share your goals for the relationship; help them visualise what you’re trying to build with them and do this regularly. Sometimes when things go wrong (as we’re all human and mistakes can be made), I find it helpful to remind each other of those goals to keep our eyes on the long term so we don’t get lost in the here and now. ✨ Always be honest and transparent; even when it’s difficult. Hard conversations have to be had sometimes, the more open you can be, the better. ✨ Learn how to be empathetic and show it. Care beyond the basis of your relationship and empathise with what they might be facing, extend support or advice where invited beyond what’s in it for you. ✨ And always remember it’s better to build long term, sustainable and healthy relationships then just looking for what’s in it for you or your business right now! #clientrelationships #healthygrowth #sales
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When you receive feedback like this, you know you've got something special 👏🏻🎓 Created exclusively for PGC clients, our academy equips recruitment consultants with the skills and knowledge to operate confidently and compliantly in the US market. From winning deals to managing compliant contractor payroll, start your US expansion journey with PGC today. Ready to enrol your team? 👇🏻 https://lnkd.in/e3U3DstP
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"Amy, how can we manage foreign exchange risk better for our international placements?" Expanding into international markets offers incredible opportunities for UK recruitment agencies. But many recruitment founders ask how do you manage foreign exchange (FX) risk when dealing with international payments? That's why PGC Group interviewed Jack Lane-Matthews Group Director/Co-Owner of WILLU FINANCIAL GROUP. Jack shared some valuable insights on how to mitigate these risks and seamlessly handle US transactions. Here are some key takeaways 👇🏻 🌎 Use US-based bank accounts to receive payments in local currency. 🌎 Lock in exchange rates to protect your revenue. 🌎 Build a virtual US shopfront to enhance your business reputation. But that's not all we covered, if you'd like to find out more ways to manage FX risk and ensure smooth international operations, watch the full interview here ➡️ https://lnkd.in/e8TXY5BK
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The final celebrations for my 40th wrapped last weekend by spending three nights in Ibiza with my bestest friends of 25+ years! 🏝️☀️🌸 I had the best time with my friends and it was my first time visiting Ibiza, it didn’t disappoint! But the best part of the trip was just letting my hair down with my oldest friends who know me better than anyone and remembering who I was before becoming a Mum to two kids, the highs and lows of life and pressures of career. I was definitely not Amy Davies, Managing Director of PGC Group last weekend, I was Amy who loves to dance until my feet are sore, laugh until my muscles ache, eat delicious food until I’m bloated and enjoy the best of summer cocktails! Refreshed, energised and ready to run at H2 ✨🙌🏼🚀 #h2 #growth #refresh
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Tapping into the US Market Remotely 🌎 Learn how to start a recruitment agency in the USA from your existing office in PGC's latest downloadable guide. If you're looking for strategies for remote market entry to the states, the ins and outs of the initial legal set-up and much more. Download now: https://lnkd.in/e-Q-v3da
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As a UK recruitment founder entering the US market, its easy to get overwhelmed with the multitude of complex US business terms and processes. Number 1 being - Dealing with multiple currencies 💰 In PGC Group’s eBook Jack Lane-Matthews explains how to manage foreign exchange when running a recruitment agency in the USA in depth. I want to thank Jack for his practical tips on managing foreign exchange when doing business in the US, advice on ensuring smooth financial transactions and how to minimise risk 👏🏻 📥 Download the eBook for expert advice on starting a recruitment agency in the US! https://lnkd.in/e-Q-v3da
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What more could you want on July 4th than pizza and donuts for lunch! Celebrating all things USA today with our PGC Group UK based team 🍕🍩 #independenceday #july4th #america Kelly Millward Bethan Hanson Melliah Whiteley Evie Smith
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A must watch & read for recruitment agencies eyeing up the states! 🇺🇸 https://pgcgroup.com/blog/how-to-manage-foreign-exchange-risk-doing-us-business