Recruitment agencies have played an indispensable role to both companies and job seekers. They act as mediators that facilitate recruitment on behalf of the employer and helps people find the jobs they dream of. There is never a shortage of human resources if there are reliable recruitment agencies around to help companies find the right people to fill in their vacancies.
Recruitment agencies are important in the job market because they have their own methods for screening applicants, conducting job interviews and qualifying exams to get you the best candidates for your vacancies.
A recruitment agency has proven its role valuable in the labor economy and it is a profitable business to put up. If you plan to put up a recruitment agency, here are some of the most important factors to consider:
Finances
The first thing to consider is the finances. How much available capital can you use for your startup? List down all the expenses and the assets you need to purchase at startup. If your current finances are still short of your budget projection, you may loan from the government and various organizations that help starting businesses.
Pricing Structures
Investigate about the pricing structures of competitor recruitment agencies in your target area and in other nearby locations. Use this information to create your own pricing for the services you offer. Make sure to level the price range you want with the quality of service you offer and your target market sector.
Agency Location
The location of your agency must be accessible to the main offices of the companies you target. If you just plan to offer virtual office support recruitment services, then you don't need to bother having a physical office in a business district. But if you want to serve most industries in the locality, then you have to choose a place that matches the image you want to project, whether you want your agency to have a high-profile image or a mid-range one.
Marketing
The marketing strategies decide on how well-known your agency could become. You may register in local listings and groups. You may post in classified ads and check through your professional network. Advertise online and through print. You may also hire marketing specialists and agencies to help you make your agency known to your target market.
Legalities
Do not forget to comply with the neighborhood zoning regulations and acquire all the necessary permits and licenses.