How well do you compare to others in the industry?
The RIB Report is a simple, accessible management tool developed specifically for the recruitment
industry. RIB enables members to benchmark their business performance against industry peers and
gives a crucial external perspective of how other others are performing.
As a member-only service, the RIB Report delivers bespoke, fully confidential monthly reports based
on members’ own operational information.
The RIB Report provides recruitment companies with true market leading comparisons far ahead of
anything that internal or informal measurements can provide.
Recruitment Industry Benchmarking has been proven to work for companies of all sizes, and rest
assured that it is safe and fully confidential – only you ever see the figures for your company.
Armed with this crucial information and much more, members are equipped to determine actions that
will underpin achieving superior performance.
Successful Operators know the answers to these important questions. Do you?
- Are your staffing cost too high?
- Are your productivity costs better than average?
- Are you spending too much on total operating costs?
- How does your % growth on sales compare?
- How does your bottom line compare to others in the industry?
The RIB Report provides this information and a whole lot more.
If you’re not a participating member of the RIB Report and would like to know how your industry peers are performing, the RIB Financial Reviews covering Half Year and Year End results is available for purchase.
The RIB Comparison Report is another option available to recruitment firms who are keen to find out how they rank against their competitors. Managers with a strategic plan in place wanting to identify the strengths and weakness of their business, use this information to clarify and strengthen their strategy for change.
What’s in the RIB Report?
The RIB Report provides a monthly analysis of the industry’s performance. Each month, participating
members see how they compare on a range of measurements and from this they are able to identify
where they can improve the efficiency, management and value of their business.
On a monthly basis, your personalised RIB REPORT measures your business performance against
the RIB Average. RIB members apply this market information to make informed decisions about the
future direction of their business, with the benefit of being able to monitor the effectiveness of their
actions and modify accordingly to achieve continuous performance improvements.
The monthly RIB Report draws attention by page to the following IMPORTANT FACTORS &
TRENDS within a recruitment firm:
- Profit – By volume, as % of Gross Profit and as a % of Sales
- Sales – Total Sales, temp/contract, perm comparisons and sales mix
- Gross Profit – Contribution by service
- Temp/contractor – Hours, GP per hour, % of Sales and Volume Comparisons
- Perm – Placements invoiced, average fee and productivity comparisons
- Productivity Per Person – Comparisons by income streams and people
- Productivity/Return on Cost – Comparisons of productivity measured against cost
- Expenses – Comparisons to 5 key financial benchmarks
Who Develops the RIB Report?
The Recruitment Industry Benchmark Report was developed and designed by industry
expert Nigel Harse. Nigel applied his 30 plus years of recruitment knowledge and expertise
to finding a solution for industry members wanting to measure their team’s results and
successes against their peers.
The first issue was published in 2003. The monthly RIB Report is recognised as a vital
independent resource and is valued for its factual content and timely delivery.
To find out more about Nigel Harse, please visit him on LinkedIn.