Joint Venture Collaboration
JOINT VENTURE COLLABORATIONIntroduction
Think of Strivre as an eco-system. We are the architects of a support system which houses experienced recruitment professionals and entrepreneurs providing them all the tools necessary to enjoy unprecedented levels of freedom and earnings. The founders of the company have nearly one hundred years of collective experience in this industry. Deep observation of global trends led us to believe that the industry is ripe for disruption, that it is time for a new model more in keeping with modern day expectations.
We are a consortium of corporate and private investors, all recruitment entrepreneurs that have “walked the walk”. The fund was created to support talented recruiters in their business journey but more importantly give them the tools, mentoring and support necessary to realise their dream. As part of a collaborative partnership, it offers their teams a level of PE / value that would be impossible to achieve alone.
Todays Recruitment Landscape
The term “disruption” is thrown around quite often, but have we truly considered what has caused disruption within the recruitment industry?
The doomsday people said job boards would be the end of us. Apparently, job boards, LinkedIn, and talent acquisition were going to curb recruitment agencies fees, but we have seen nothing but revenue escalation year on year. There are boom levels of agencies, people, and fees working in this industry. The UK has 40,000 registered agencies, Shanghai is reputed to have 20,000, Hong Kong has 5,000 and so on.
What's In It For You?
ECONOMICS
- Seed funding to execute your business plan
- A-share and incremental equity
- Build intrinsic value by working in a collaborative partnership
- Financial support and access to further funding
- Economies of scale
- Enjoy a shared service at vastly reduced costs enabling positive flow to your bottom line
- Access to great people – otherwise impossible to hire
SUPPORT / INFRASTRUCTURE
- A number of legal entities from which you can engage your clients
- Instant access to global markets if you want to grow your brand
- Total freedom around geography/function and industry
- Dedicated Admin – let others type your CVs
- On-demand research, long and shortlisting
- Your own dedicated TA function with 300,000 recruiters
- Brand creation – work with our partners to strategize on branding/marketing
- Dedicated suite of support of services: finance/marketing/IT/ops
- A choice of fully implemented CRMS and cloud phone systems
LEADERSHIP
- Work with a stakeholder management team who have ‘walked the walk”, built significant businesses and teams
- Operational know-how
- Help to hire and retain great people
- Personal growth and team nurturing
Our Vision and Ethos
Our stakeholder team is deliberately diverse, its individuals have unique skill sets, value propositions, and styles creating a fusion that is second to none. A common thread being a deep entrepreneurial spirit and passion to work with others to build shareholder value, to create a roll-up of brands, and a collaborative environment that achieves far greater value than one could ever achieve alone.
The partners have built significant businesses of up to 200 headcount, each with in-depth experience across international locations namely: UK, Mainland Europe, Asia, the Middle East, and ANZ with service offerings across perm, contract, outsourcing, managed service, and temporary staffing.
Today’s recruitment landscape is changing. The word disruption is used a lot but no job board, TA team, or software has dented this industry, it has kept evolving. Historic models are however under threat and key pillars underpin our vision for the future:
- The industry has seen vast fragmentation, and the pyramid of firms struggling to grow is bottom-heavy at unprecedented levels. These companies rarely have stakeholder value, the only solution is to collaborate.
- Support in tier-one locations has become unaffordable as costs have risen and margins have shrunk. You need to offshore intelligently and to protect cash and profits, this needs systems and lots of time.
- Good systems and support are fundamental to the success of a good recruiter, but small companies cannot afford it. You need to have a fractional interest in this which becomes the best of both worlds.
- Life is lonely at the top – who do you talk to, how do you achieve personal growth.
- TALENT – good recruiters generally don’t want to work in small brands. As part of a group you’ve got so much to sell, add more career opportunities for them and the support, it’s a powerful combination.
- There is no value in small firms other than your balance sheet. You are working for no intrinsic gain. You and your key team should be rewarded with a long-term incentive.
- Recruitment should be borderless and not be ransomed to the shackles most larger firms place on their people.
Your JV Life Cycle
- Understand each other’s value add. It is essential that partners understand our ethos and we share a common vision.
- Formal business plan: Entity structure/cash flows/Markets – industry
- Agreements signed off; entities formed
- Work to launch date. Work with project manager to create your brand: Tech/marketing/systems/people
- Works with Strivre team to create shareholder value
