Premier Group Case Study

713 Words2 Pages

Task 1: Investigation of the performance of Premier Group
1.1 Profile of a small business, identifying its strengths and weaknesses
Before venturing into performance investigation of a small enterprise, one must understand what is the scope and hardships faced by a small enterprise in the UK. Small companies are the big contributors to the economy of the UK. There are around five million small businesses in the UK, which is approximately more than 50% of the economy. (Rich, 2016) The enterprise must work in the right direction at a right pace to stand out from the rest of the business units. The management in an enterprise must know the strengths and weaknesses of the business enterprise to drive it through the thick and thin in the market. …show more content…

Premier Group is a recruitment firm, which assists software companies and engineering companies and media companies in talent acquisition. It is founded in the year 2000 with an office in Manchester and now there are 4 offices of Premier Group till date because of its popularity. (Premier, 2016). Recruitment is the never ending process in most types of business unit, therefore recruitment companies always have business irrespective of inflation or recession. However, planning of recruitment is a crucial factor in the success of the business enterprise (Pynes, 2013). When the market is having recession, sourcing a right candidate for the right position becomes difficult. However Premier Group provide specialised recruitment solutions to specific sectors in the market. Therefore, they must have teams of skilled employees, who could provide the best recruitment solutions for niche talent requirement in specific sectors like IT or media. This helps to boost the goodwill of the company in the market, which automatically reflects on work inflow and profit margins. This simplifies to understand the financial success of this enterprise in the UK …show more content…

It is in to providing permanent staffing as well as contract staffing solutions to its client companies. (Premier, 2016) It was founded in the year 2000. Networx is a recruitment company providing staffing solutions to companies as well as assists candidates in placement in company. Networx provides services to the clients in all industries across the market. It is established in the year 2001. (networx, 2016). Both the companies are in staffing solutions but according to our research the scope of growth of Networx business is better than Premier group. This is because, Networx group provides services to all type of companies across the market. In addition to this Networx provides placement services to candidate, who want to be placed in any company. Obviously, the client base of Networx is larger than Premier Group. However, Premier group has concentrated client base with expertise in filling specific type of job requirements. Therefore, growth of both the companies is similar. However, Premier group would get better edge over other companies if they offer staffing solutions to companies as well as placement services to individual

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