Recruitment agency i.e. job recruitment organization, as the name suggests, is an organization that provides jobs. Recruitment agency acts as an intermediary between a company and an unemployed person and those who want another job. If you want to start recruitment agency job, then you have to understand its basic job. After all this information, you can estimate for yourself, how much it will cost you to start a recruitment agency and how much profit you will get.
Now you will see the meaning of recruitment agency- If any company has job requirements, then that company can contact the recruitment agency. Apart from this, if an unemployed person is looking for a job, then he can also contact this recruitment agency and can express his desire for a job according to his qualifications.
Apart from this, the recruitment agency can also contact the HR department of the company on its behalf and get information about the job. By giving this information to the unemployed youth, they can help them in getting them jobs. This is mainly the job of the recruitment agency.
Information related to opening a recruitment agency:
There are many types of recruitment agencies, so it is imperative that you choose your particular type. Through which you will be able to determine, what kind of sector company you want to find people for. And you can choose it through your personal knowledge, what kind of department (field / sector) you are aware of. You can choose your department accordingly.
IT & Technology Department
Oil & Gas Department
Finance and Marketing Department
Engineer
Construction field
Teaching field
Hardware field
Software Field
Tour & Travels Field
Etc…
Recruitment agency work experience – Before starting any kind of work, you must have complete knowledge of that work, then only you can work without any hassle and give equal competition to your opponent. There are two important points for this –
If you yourself have worked in a consultancy agency, then you can start this work easily, because you will have a good knowledge of all the points and you will be able to deal with all the problems.
If you have never worked in a consultancy agency, then you can make a person your partner in this situation who has experience of working in a consultancy agency.
Recruitment agency registration
To get the registration of the recruitment agency, you do not need to go to the government office; such registrations can be completed by sitting at home with the help of online facilities. You should get your firm done as a private limited company and you should appoint a CA in the very beginning, who will give you all the information.
Do the following for registration.
Select the name: To choose the name of your company, you have to see that no one has ever given such a name. And such a name should also be chosen, which is remembered and also attracts the client.
Select website domain: To create your company website, you must also choose a correct domain name. For domain name, you can choose any of .com, .co, .in etc.
Bank Account and Insurance: It is also necessary to have a bank account in the name of your company. Along with this, it is also mandatory to get you insurance, so that you can claim for minor losses.
Employee Insurance: There are also winning employees in your company, you need to get them insured. It is your responsibility to keep them safe.
VAT Registration: To start any kind of business, along with taking a license, a process like VAT registration has to be done, but such registration depends on the turnover of the business. According to the turnover of your business, you have to get such tax related registration done.
Recruitment agency team selection
While selecting the team, it is important to keep in mind that you should give opportunities to experienced people, as this will help you to grow your business easily.
Recruiter: It is very important for the person to be selected in this position to be experienced, as such a person is helpful in leading the entire team. And because of their experience, it is easy for you to make clients. Along with experience, you also have to test their qualification, their confidence, as these are also very important. Along with this, it is also necessary for the recruiter to have good knowledge of the language. Apart from this, you want to keep the winning people with you, you have to see the same qualities in all of them.
How to create client?
According to the type of your recruitment business, you should make a list of all small and big companies and go to everyone’s office and contact the HR team and talk with them with confidence, so that they will be attracted towards you.
Once you meet the HR team, keep in touch with all of them through email or phone call, they will be impressed with you and will be the first to contact you when there is a vacancy in the company.
You can also use the contacts of your experienced employees to create clients.
You can also contact the client through a social media account, especially the LinkedIn account is used for this.
Cost of opening a recruitment agency
It does not cost a lot to start this business; it can be seen as a small investment business. We can estimate how much it will cost in the beginning, on the basis of the following points.
If you have started the office from your home, then you will not have to pay any kind of rent, but if you have started the business in a rented place, then you will have to pay rent every month. The fare will have to be paid according to your city and the chosen place in the city.
To start a business, you will need a system, you will have to bear its cost for the first time and some cost of maintaining it regularly will also be there from time to time.
There will also be a need for electrical appliances like systems, lights, ACs and fans, which will have to be billed every month. Apart from this, the cost of telephone and mobile phone bills will also have to be paid every month.
Apart from this, the cost of cleaning will also have to be borne, this is also a small expenditure every month.
Apart from this, the expenses of business registration, license and website creation etc. will also have to be borne, but this cost will be one time only.
Apart from this, if you have kept employees, then you will have to pay their salary every month, but it is not mandatory in the beginning.
If we observe the above points, then the estimated expenditure of 01 lakh to 03 lakh every month can be considered. And it can be very less, if you start the business on a very small scale. If you have very good business experience, then you can start this work on a bigger scale as well.
How to do Recruitment Agency Marketing?
To run any business well, it is necessary that the marketing of that business should be done well, because if no one will know that they have opened a new company, then how will someone contact you. There can be many ways of marketing, such as advertising in newspapers, distribution of pamphlets, through advertisements on social websites, through advertisements in job portals, by making banners, through mobile messages and above all through mouth publicity for any work.
Benefits of Recruitment Agency
Only after observing the total expenses, we can estimate the profit in the business. In the beginning, we cannot say that you will make profits but, once you become good clients and you have a reliable image in the market, then you will get a lot of benefit from this business.
Recruitment agencies are a very good business. In today’s time job is very important and it is very difficult to get it easily. In such a situation, finding a job through a recruitment agency is a good option, because the scope of fraud is reduced in it and people get jobs easily. At the same time, time is also saved, so the work of recruitment agency can be seen as a successful business in today’s time.
So, this article is very important for recruitment agency business opening and I hope it is sufficient details for starting this business. And if you have any other query then post your feedback here.
