Ask the expert: August 2017

Office costs are 22% of my gross margin. Would a virtual model dramatically increase my profitability?

Q: Office costs are 22% of my gross margin. Would a virtual model dramatically increase my profitability?

Office costs are a significant issue for many recruitment companies, especially in major UK cities where rents have been steadily rising. Your costs seem high – I would expect them to be lower as a percentage of gross margin.

Going purely virtual...

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