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How To Set Up A Recruiting Agency

By Alxa Robin


Most busy organizations tend to run against time to beat deadlines and deliver their projects. This makes the recruitment process a time consuming activity to most of them. This is partly as a result of many organizations deciding to adopt a contract based method of hiring staff. This is to cater for any future economic uncertainties in recent economic hard times. Job hunters are also always on the prowl for jobs everywhere. A recruiting agency is necessary to bridge the gap between job seekers and the employers.

As an entrepreneur, starting a business of recruiting agency can be a hit considering the need for recruiting agencies. That can only be true if you see it up right from the onset. An advantage of starting a recruitment agency is that the initial capital requirements can be low. You need to first do some research beforehand to determine whether a recruiting agency can be a viable business in your local setting.

Draft a business plan of your business. If you have enough capital, you can consider investing heavily on research. A business plan will be required in order to qualify for any grants from the government or loans. In your business plan, indicate unemployment rates, its growth rate and the availability of jobs in both the public and private sector.

Invest heavily on doing research. If you can manage it do not be reluctant to spend for the sake of doing research. It is important in the success of your business to be. Research may be a bit expensive but it is worth it because most of the successful entrepreneurs will tell you they invested in doing research and it paid back.

In case you can not afford it, try to apply an easier way by seeking views directly from potential clients. Try and approach banks and other financial institutions to finance your business to its feet. This is not an easy walk in the park so you need to put your business plan in perfect order.

Decide on which industry you are your recruiting agency will specialize in. Most job seekers will appreciate going for a job agency that specializes in their line of industry. Employers too will consider working a recruiting agency that deals in the specific industry the wish to recruit candidates.

Make a mission and vision for your recruiting agency to be. Once set up, contact the unemployment agency and apply for possible grants that may be available in assisting the unemployed to cope up with life as they look for better jobs. A company that specializes in a specific field will look more competitive.

Calculate the starting capital. Consider also any other requirements then set up your business. Start doing thorough advertising and marketing of your agency as that will be beneficial to making people aware of the new agency.




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