Job Recruitment / Consultancy
Success is not the key of Happiness. Happiness is the key to success. If you Love what you are Doing, you will be Successful.
In other words You shall Do things in which you are interested. If you you Love Apple then why you eat Banana or any other else.
If you are interested into Business then Established you organization and if you are interested in Job then you shall go with Job.
You become more successful in which you have your major interest.
Your Friend A.H is here to providing you a best business ideas and earning Platforms where you earn with Low Investment. Today we discuss about Business of Job Recruitment / Consultancy.
Lets Start…….
Job Recruitment / Consultancy
Job Recruitment
Recruitment is the process of actively finding and hiring capable applicants and candidates for a specific position or job. The recruitment definition includes the entire hiring process, from inception to the individual recruit’s integration into the company. The Process brings when new recruits are sought and ends when their applicants are submitted.
Job Consultancy
A Company paid expert to looking for skilled or specialized jobs, or to companies looking for skilled or specialized workers.
In other words company appoint Recruitment Experts who find out and hiring capable applicants for a company. Most of the companies now a days not hiring there staff themselves. They appoint experts of staff recruitment for find out best skilled staff for there company.
Business of Job Recruitment / Job Consultancy
Most of the individuals and agencies are doing business with recruiting staff and with job consultancy. They hiring staff for others and paid for their recruiting services. This is the most profitable business with Low investment. Its totally depends on your skills. If you start this business you should have expert in HRM human resource management and having a staff recruiting skills otherwise a specialized stall can be hire for staff recruitment.
When any company required staff then they give full tender of recruitment to recruiting companies and recruiting companies hire best stall for that company with there Daily Experience.
Regular Experience:
Regular experience is a very important factor in this business. For example : Any tire making company is expert in manufacturing tires. They have complete knowledge and skills in tire which is continuous process. But if they have staff requirement once in a year or in a 2 years then company have less experience of recruiting staff because they are doing that process on continuous basis. They have less experience in comparison with Recruiting Companies. For better staff they appoint Job Recruitment companies and get best staff.
Job Recruitment process
There are some basic steps in recruiting the right people for your business:
- Defining the job;
- Creating a job description and selection criteria
- Determining Mode of application
- Advertising the vacancy
- Receiving application
- Short listing and interviewing applicants
- Appointing the bets staff
How to earn money with Job Recruitment
Main Objective of staff recruitment business is two factor as provide employment to employees and provide staff to a companies.
Business can start into to ways:-
- Job Recruitment by Offline Mode
- Job Recruitment by Online Mode
Offline Mode of Job Recruitment
-
- Survey Nearby Places: Survey nearby places and industries to examine that which type of staff is required in a particular company i.e. skilled or unskilled and criteria of job etc.
- Contact Companies: Contact that companies where staff is required or agree companies to contact you when staff requirement arise. If agreed with any company then contact eligible candidates by any advertisement or by any notice.
- Contact with Eligible Candidates: Inform or Contact with eligible Candidates for availability of Job in a particular company for application.
- Receiving Applications: Receive application with eligible candidates in Formal and prescribed form.
- Screening of Resume/C.V: Resume screening is the process of determining whether a candidate is qualified for a role based his or her Qualification, experience, and other information captured on their resume.
- Documentation: After screening of Resume required documents like I.D, Degree/Diploma and certificates of qualification mentioned, Experience Certificate, Last Company Salary slip etc. can be call with candidates.
- Scheduling Interview: After application, screening and documentation of candidates, Schedule an interview of candidates and after a proper procedure of interview if agreed with selected candidates Joining procedure begins.
- Joining Procedure: After Selection of candidate allot him call letter quick or afterward as possible After discussing about all about job and responsibility.
Online Mode of Job Recruitment
- Digital Survey: Digital Survey of Company websites for staff requirements and contact by online mode to a company and industries to examine that which type of staff is required in a particular company i.e. skilled or unskilled and criteria of job etc.
- Contact Companies: Contact that companies where staff is required or agree companies to contact you when staff requirement arise. If agreed with any company then contact eligible candidates by any Digital advertisement or Social Media Platform etc.
- Contact with Eligible Candidates: Inform or Contact with eligible Candidates for availability of Job in a particular company for application.
- Receiving Applications: Receive application with eligible candidates on our company website in a prescribed form.
- Screening of Resume/C.V: Resume screening is the process of determining whether a candidate is qualified for a role based his or her Qualification, experience, and other information captured on their resume.
- Documentation: After screening of Resume Digital Copy of documents like I.D, Degree/Diploma and certificates of qualification mentioned, Experience Certificate, Last Company Salary slip etc. can be call with candidates.
- Scheduling Interview: After application, screening and documentation of candidates, Schedule an online interview of candidates through video conferencing etc. and after a proper procedure of interview if agreed with selected candidates Joining procedure begins.
- Joining Procedure: After Selection of candidate allot him call letter quick or afterward as possible After discussing about all about job and responsibility.
Elements required for Starting a Job Recruitment
- Appropriate Location
- Office Furniture
- Professional Staff
- Computer
- Printer
- Other Devices
- Mobile phones
- Cool and Fresh Environment as possible
- Social Relationship
Business Insider
Job Recruitment Business can be very small scale business with Low investment or very large Scale business with Large Capital.
If any person want to start Job Recruitment business can took a loan from any Financial Institutions for purchasing Machine and equipment. Some Computer and office equipment agencies providing there products on installment, Hire Purchase or on Hypothecation.
This is another thing that How can we arrange capital but to start business of Job Recruitment a proper office arrangement is compulsorily required. But it opens a large business opportunity and grows faster than other business.
Initial Investment
Initial Investment to start Job Recruitment is less than $1200 and can be managed as your will. Either you can start this business with one branch and contact with only one company.
Large scale Business can be start with large capital required in purchasing more machinery and office settlement. Cost of this business may be different in different countries.
Profit Margin
Companies providing very good fees to the recruitment companies and some companies are providing more than fees like commission equal to salary of one month etc. If you Recruit large number of staff then the commission per member multiply with very high earning.
After subtracting all business expenses like Salary to staff, Rent of premises etc. Company will get more than 60% of profit. It may vary and depends on your managerial efficiency and effectiveness.
License and Registration
This Business are divided into Two category.
Different Business Scale and type of activity may require different types of License and Registration as applicable in your country.
Follow all Rules and Regulation in your Country in your Business in your Life.
Business Management
Business of Job Recruitment may be small or large scale business.
It includes Collection Job information, Finding eligible candidates, and after interview and selection send then to other companies. Also careful about safety precautions like Mask and sanitization etc.
This whole process is required more efficient and effective management to manage whole process.
Any carelessness about work and safety may cause a huge loss of Life and Money.
SWOT ANALYSIS
Strength
Strength of Job Recruitment Business is that you can start this business with a very low risk with a affordable initial investment by any person. You can collect all information online as your requirement by which there is no need to visit physically company to company or in finding of eligible candidates, which reduce cost and amount of Risk.
Weakness
Big companies mostly have a proper HR Department for regular recruitment, and companies have already appointed large recruitment companies already available in a market. If we start business with large investment and not able to contact with any good company than our investment may loss, and our regular expenses like salary to staff, Rent of premises, electricity expenses etc. mat cause a loss to us or our business.
Weakness of Job Recruitment business is that a proper space should be required for your work which may have increase amount of investment.
Another factor is that if you haven’t a knowledge and proper experience of Job Recruitment which are required and if your competitor have Better Resources and experience of Job Recruitment than it is too difficult to run your business and compete easily.
Business Opportunities
A single Job Recruitment office creating a best Business Opportunities, Today Number of big Job Recruitment companies available in a market were initially started there business with small scale and became a big brand by their efficiency.
Regular Research on companies demand and Job Recruitment will decide future of your business. If you serve good and latest skills to companies our Job Recruitment Business will Grow faster and return a large profit.
Threat
Any changes in Government Policy or Company Policy both may become threat for Job Recruitment Business.
A special skilled staff is required Job Recruitment, any carelessness by you and your staff may not be in your knowledge may become a threat for your business.
Business started Along with Job Recruitment
Recruitment Training
We can start a recruitment training institutes for freshers to ready fresher for interview and recruitment process. We provide environment of Job recruitment procedure to our students by which they familiar all procedure of recruitment and can easily cracks any interview and competition.
Lot of institutes like Drishti IAS providing a best coaching and Mock Interviews to their students by which there students are easily selected for any post and they crack easily any interview because they have proper knowledge and confidence of interview.
A trainers and teachers are there who trained their students very well and students of that type institutes gets very high Rank in a Competitions.
Mock Interview
Mock interview is a training, practice which similarly designed and take as an actual job interview in order to prepare the candidate for the real Interview.
Mock interview is a interview which not takes for job selection but it is practice or rehearsal of main interview.
We are not Recruiter or Employer Our Website ” How to Earn Money ” have lot of other business ideas and Job opportunities which are relevant with Success Factor , Click link below for more Small business Planning and Jobs other than this article :-
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Job Recruitment Above
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