Recruitment Agency Start-Up Tips
Have an idea
Be clear about what you want to do. Evidence shows specialist businesses that find a niche and develop their profile within it tend to do better. Employers are more likely to seek recruitment support from a company that specialises in their area. Identify the sector or sectors you know most about. Decide what it is that makes you special and how you can shape a business that offers something your competitors don’t.
Now that you’re planning to be your own boss you need to get an understanding of the rules and regulations of the industry. This will include what insurance you’ll need to protect your business. How to obtain an Employment Agency Licence in Ireland. The main piece of legislation in the recruitment industry is the Employment Agencies Act, 1971. Recruitment agencies are also subject to the full range of laws that govern all companies. There’s a lot to know, so make sure you’re informed before you take the leap.
Create a plan
Identify the market you can best target and service. Find out what geographical areas you can cover. Do you have special knowledge of any market sector that you can use to your advantage? Who is already operating in your area? and how much competition do they represent?
Most importantly, you need to plan your income and expenditure forecast. You need to establish how you’ll be able to sustain yourself financially from the start. You also need to plan ahead for the next stage. What is your main goal? How are you defining it? By a turnover target? By plans to expand? If you don’t know where you want to go – you probably won’t get there!
Get the right help
If you’re planning on putting a team together you should know enough about recruitment to find the right staff for yourself. But it’s more than that. From the financial backing to the marketing, you need the right experts around you. An IT expert to help set up your online presence so that candidates and potential clients can find you. Hiring an accountant at different stages of your company’s growth, whether full-time, retainer, or project-based will make life a lot easier. Seek professional advice to create your T&Cs. Ideally, these experts should be people who know about recruitment.
RecruiterGroup offers recruiters like you a way to help YOU start YOUR own recruitment business. A confidential chat is all it takes to make a new beginning.