The offering allows clients to split the cost of hiring over a period of six months, with fees calculated on a bespoke basis.
The service — available for clients with a minimum one-year account — automatically settles the recruitment fee within 24 hours of hiring a new member.
It was created to help new and established SME brokerages and lenders to scale their business without compromising their cashflow or expenses.
The offering allows clients to appoint new team members based on business demand, as opposed to when funds are available to do so.
Nick Wilcox, founding director at Valorem Partners, said: “We are always seeking to come up with new and innovative products, services or solutions that help our clients to overcome their challenges and help their business to reach its full potential.”
“There is a relentless and ongoing war for companies to identify and secure the best talent they possibly can in order for them to provide the very best services and solutions to their clients/customers and grow and scale their business in order for it to reach its full potential in a very competitive market space.
Nick Wilcox, founding director at Valorem Partners (pictured above), added: “There is a constant flow of new entrants into the market making the competition for experienced and highly skilled employees even tougher, so giving our trusted clients the ability to act extremely fast and secure the talent they need now, is one of the core solutions that VP flexi-pay provides.”
He believes this will help businesses get ahead of their competition and gain a competitive edge in the market.