There are a few ways to start a recruitment agency. One
is to partner with an existing agency or start building a clients list. You can
also run an online recruitment agency.
The job of a recruitment agent is to find appropriate jobs
for members. The business is lucrative however demands lots of hard work, networking
and dedication.
The secret to
success is proper fee generating strategies and good business structure. The
type of employment, clients and placement determines the success of the
enterprise.
Engaging highly skilled, qualified people provides a good
platform for success. Job placement
becomes easier and trust builds between agency and clients.
The first few months of any startup company is challenging
especially starting a recruitment agency. A new company needs to work
exceedingly hard to recruit qualified members and find top level clients.
The recruitment industry is worth several billion dollars
servicing millions of temporary workers. They contribute a large number of
permanent employees yearly offering a valuable service while making money.
Who
uses Recruitment Agency
Both large, medium and small businesses use the services
of such agencies. Recruitment agencies cover a wide range from temporary
placement of administrative staff to full placement of mid or low level
workers. The agencies primary function is to deliver qualified staff to
corporations.
Type
of Employees
The type of employees managed by a recruitment agency is
diverse. The workers cut across a diverse range of skill and industry.
They provide placement to hospitals, schools, factories,
engineers and beauty industry. The ability for such agencies to deliver
qualified staff speedily is the reason they exist.
A top agency has
an extensive list of workers that cover a diverse range of jobs. To succeed you
need a huge data base, solid business structure, dedicated staff and lots of
networking.
Starting
a Recruitment Agency
Funding
Before starting a recruitment agency you need funding. Visit
your bank and meet your account officer.
You need to source fixed and working capital for your
business. Analyze your overhead costs and expenses to arrive at a reasonable
number.
You need to lease an office, install furniture and
equipment such as computers, fax machines, modem and dedicated telephone line.
Loans are difficult to get especially for startup
companies. You need proof of knowledge of the industry, qualified staff and a
business plan.
Business
Plan
Write a comprehensive recruitment agency business plan. Then
carry out a feasibility study to locate best location to start the enterprise. The
next step is to incorporate the business
Business
Incorporation
Register a good business name that highlights the core
service you render. Make sure the domain
name is free for purchase before incorporating the business.
Purchase the domain name for your website and online
presence. Incorporate the business as a limited liability company. Get your tax
identification number and add insurance cover.
Banking
Account
The company needs a business account separate from your
personal account. The business account is through which the company transacts business.
Find a reputable bank and get started with the business account.
Locating
the Business
Your business format dictates the location you need to
start the enterprise. If your company is an online recruitment agency you can
work from home.
If you operate both online and offline you need an
office. Once you have secured an office you can build your website.
Build
your Website
Hire a web developer to build a good website for your
business. Make sure your website is attractive, easy to navigate and targeted.
The website should be search engine optimized and trendy.
To reach both clients and candidates advertise the business.
You can use online platforms such as social media to
increase awareness. Use classified websites and take out newspaper
advertisement.
Build
a Data Base
The bread and butter of a recruitment agency is a good
data base. Build a comprehensive data base of clients and candidates.
You need to build an honest reputation and provide to
notch service. It takes lots of dedication and hard-work to run a recruitment
agency. Are you up to the task?
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