Second Time in the Top 10 for Growth: What Makes This Recruitment Agency Stand Out?

 

Last year, we ranked 5th, and now we’re in 7th place. Behind our company stands HR expert Tibor Bányai, who previously held HR director positions at GE, as well as at two tire manufacturers, Apollo Tyres and Hankook Tire. From 2018 to 2020, our company’s revenue ranged between 25-30 million HUF annually. In 2021, we made a significant leap, reaching 170 million HUF in revenue. 2022 saw an even bigger jump, with nearly half a billion HUF in revenue, and last year we came close to reaching 1 billion HUF as a recruitment agency. Our after-tax profit also doubled. The growth is largely due to the recruitment of Indian workers, primarily in driver positions. A key strength of our service is our aftercare program: we help workers integrate into companies and the wider community. We regularly share interesting facts about Indian culture and customs on our company’s Facebook page. 

 

 

What drove the growth in 2023? What went well last year? Which type of recruitment was most successful?

- Our business model, developed in the spring of 2021, successfully debuted in 2022, and thanks to strong references, even more companies sought our services in 2023. This, along with additional orders from our existing clients, contributed to our growth last year. There was especially strong demand for professional skilled workers and technicians.
In addition to refining our recruitment processes, we continuously improved our value-added aftercare program, which allowed us to better support the successful integration of placed workers into Hungarian corporate culture.

Can you continue this growth in the current labor market? How has the year been so far?

- The outlook for 2024 is not very promising. The slowing of economic growth, especially the stagnation in automotive demand, has affected us through our partners. We have observed tightening measures, hiring freezes, and unfortunately, layoffs at several companies. We anticipate a 30-35% decrease in net sales revenue this year.

Are there any specific areas where you expect growth?

- Our partners in the automotive industry are extremely satisfied with the workers we recruited for them. We expect continuous orders from them. We also see increasing demand for highly skilled mechatronics, electronics, and mechanical technicians.

How are you working to ensure sustainable long-term growth?

- In recent years, we’ve made efforts to fully utilize the opportunities offered by the online space. We handle as many processes as possible digitally. We’ve also developed our e-learning system, which replaces our paper-based training manuals. We only travel abroad when absolutely necessary. We believe that opening up to Western European markets will secure our long-term growth. We’ve already taken the first steps and are very optimistic.

What role does technology play in increasing efficiency and growth?

- Technology plays a key role in increasing the efficiency of our processes. It helps us carry out our recruitment processes quickly and transparently by utilizing online platforms and databases. Connecting ATS systems (Applicant Tracking System) and artificial intelligence further simplifies the screening of resumes, allowing us to use our time – one of our most valuable yet limited resources – much more efficiently. Thanks to these technologies, not only does the search and selection process become faster, but it also ensures that we find the most accurate and relevant candidates for certain jobs, which contributes to customer satisfaction.