2. WEPOINT,as an organization, keeping in mind the
importance of a workforce to any company, strives to create
a portal through which every business concern can get a
affordable, hassle-free and efficient HR managing system
taking care of every individual as their own. We aim at not
only limiting our job to payroll management, but also to
explore every aspect of HR.
We believe in maintaining a distinctive approach towards
every being and hence provide every employee of yours
with personal support and wellness on all walks of life.
We believe in mutual growth, hence we thrive to make an
efficient workforce for you which indeed will help you reach
newer heights.
4. Mission
Our mission is to:
• To build trust and a feeling of oneness.
• To build an efficient and dedicated workforce.
• To create a lubricated mechanism and beat the pressure
of hierarchy.
• To ensure every workplace has an structured HR
management, which ends up being an asset and not a
liability.
5. Problems
The following are the problems faced by companies having
a poor HR team or not having one:-
• Inefficient Workforce.
• High attrition
• Inverse expense to result ratio.
• The blame game continues on proved inefficiency.
• Discrimination during increments and promotions.
6. Current Solution
The problems of the employees are currently addressed
through:-
• A HR Department
• Institutional Councilor
• Yearly Events
• Develop a feedback system
• Yearly Health checkup
7. Backdrop of Current
Solution
• High costs of keeping a HR department.
• Inefficiency due to hierarchy.
• No support from top management
• No action is taken upon the feedbacks of the employee.
• 82 percent of HRMs have no formal HR education or
certification.
The above reasons even make some companies opt, not to
set-up a HR.
8. Our Solution
WEPOINT offers a highly effective HR solution through a
electronic portal. Our patent-pending system is a set of
easy-to-use services that replaces traditional HR services
used in companies at around 1/3th the cost.
At a reasonable cost we handle not only what other HR
software handle but provide enough to replace a whole HR
team in a corporate. Through our selected experts in law,
psychology, management and other services, we are here
for our clients 24/7.
9. Services
• Payroll management.
• Counseling.
• Legal aid.
• External Support .
• Development Program.
• 4 stage problem
detection.
• Data management.
• Attendance.
• Wellness Solutions.
• 24/7 customer Service.
• Corporate Events for
recreation.
• Talent Improvement.
• Service till satisfaction*
• Festive gifts.
10. Consistency in
service quality
and widening
customer base.
Introducing new
line of services
and employing
experts.
Turning focus to
large scale
business.
Year 1 & 2 Year 3 Later Years
Development timeline
11. Target-Market
We plan to focus our vision to the SMBs during our early
years. The SMBs contribute majorly to our economy and
create maximum employment with minimal resources.
They contribute up to 8% to the GDP in India. They make up
16% of all business.
Our more focused will approach will be towards the
medium businesses which are 2.4% of the SMBs. Being just
2.4%, they fetch out the massive 2/3rd of the total revenue.
12. Market Size
The market we aspire to target is very large, having up to
1 million businesses through out India, giving us a immense
arena to grow and spread.
Each of the business has an average of 150 employees. This
makes these businesses an ideal audience for us.
The study indicates that as many as 70 percent of small
businesses in India spend a fortune upon ‘ad-hoc’ HR
managers. This makes us confident about the need of a
efficient HR management in the market.
13. Market Trends
The following are the estimated market trends of the
upcoming year:-
• HR is mainly HR Operations.
• Specialists above Generalists.
• Systems take over much of the traditional HR work.
• The Trust issue.
• HR is about people.
14. Sales Strategy
We will work with the seller-doer strategy, under which:
• The person making the sale is also the person doing the
work.
• This arrangement has the added advantage of building
familiarity and trust during the course of the business
development cycle.
• It is a common strategy in small firms.
• It enables the grey area between the seller and buyer to
diminish.
• Clarity of thoughts is better.
• The cost of training is cut down.
15. Competitors
Speaking of today there is no saturation in this industry. In
India the HR outsourcing is not common, however there are
a few companies offering payroll management, placement
and talent improvement.
The Following are the current Competitors:
i. Arghaa HR Solutions
ii. Workstyle.io
iii. ADP HR solutions
iv. Workday
Speaking of competition in the future upon our success
more similar software might arrive.
16. Sevices WEPOINT Others
Payroll Management ✓ ✓
Councelling (personal & professional) ✓ X
Wellness ✓ x
Attendence
✓ ✓
Legal Services ✓ x
Attractive and Flexible Packages ✓ x
24/7 Customer Service ✓ x
External Support ✓ x
Fun Events For Employees ✓ x
Development Programmes ✓ x
Personalized gifts on special occasions ✓ x
17. U.S.P
“We are better than the best at out job!”
• We take care of people with human touch.
• We know the art of managing people.
• We are not only affordable but also viable.
• Connect with us to get more than ever.
18. Pricing
A general payroll management and basic HR services
providing company charges Rs.500/ per employee +
Rs.2500. Which makes it around Rs.64000 per month for a
medium sized business with 150 employees.
WEPOINT offers attractive introductory package of
Rs.1500 + Rs. 129/per employee.
Bringing down the expenditure to Rs.20000 per month for a
company of 150. inclusive of extra benefits.
19. Budget and Projection
Expenditure
Starting a consulting firm can be cost effective; this is so
because on the average, you are not expected to acquire
expensive machines and equipment. Basically what you
should be concerned about is the amount needed to secure
a standard office facility in a good and busy business
district, the amount needed to furniture and equip the
office, the amount needed to pay bills, promote the
business and obtain the appropriate business license and
certifications.
20. Basically, this is the area we are looking
towards spending our start – up capital on:
Particulars Amount
Incorporation 55,000
Liability Insurance and License 1,80,000
Acqiring an Office 30,00,000
Equipments for Office 1,50,000
Website and App 10,00,000
Utility bills and salary for 3 months. 5,00,000
Advetisement and promotion (with documents) 2,50,000
Miscellaneous 50,000
Total 5,185,000
21. Total Capital Requirement
After considering all initial expenses and cash
balance we will have to maintain, we will need
about Rs. 80,00,000 to set up a small scale but
standard HR firm here in India.
22. Sales Forecast
Below is the sales projection is based on the location of our
business consulting firm and the wide range of consulting
services that we will be offering:
Year Forecast
First Year Rs. 75,00,000
Second Year Rs.3,60,00,000
Third Year Rs.8,00,00,000
23. Risk Mitigation
Risk Mitigation
1) Regulatory Compliances In house compliance dept.
2) Third Party Risk Management In house compliance dept.
3) Fraud and Misconducts Regular training and strict discipline.
4) Business Continuity Hosting technology on cloud network.
5) Data security and privacy Access management to offices.
24. Exit Strategy
The business model and its product technology has a
potential to generate a major business within the industry.
Our preferred exit plan will be through acquisition by a
technological giant.
Our focus will remain on selling the future along with the
business. The sale will not only include sale of tangible but
also intangible assets, including our patents, customer base,
data and contacts.
Our sales pitch and negotiations will be planned as per the
acquirer. And the negotiation will be done mutually.
