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How to start own recruitment HR startup or HRM Business
1. How to Start a
HUMAN Resource Business
or
Recruitment Agency
From startup scratch
startupscratch@gmail.com
2.
3. For Whom this Content is all about for :-
• Aspiring HR Consultants.
• Aspiring HR Executives.
• Aspiring HR Managers who wish to start own recruitment business.
• Aspiring International Human Resources Professional.
• Aspiring Training & Development Manager.
• Aspiring Employee Education Consultant.
• People who plan to be HR Entrepreneur/ HR Startup innovator.
• Human Resources IT Specialist
4. HR Market in India :- Size and
Opportunities
• India HR Market Size is around 100000 crores.
• Where Permanent recruitment Size is 40000 crore
• And Temporary recruitment Size is around 60000
Crore.
• Whereas HR Tech Market India will grow at 25 % rate
per annum.
5. What Registrations and Licenses Required
for starting HR BUSINESS in India:-
• Starting Business Structure (Pvt Ltd or LLP)
• Starting Business Pan card and GST registration.
• Shops and Establishment License.
• Trade License.
• ESI and PF service registration.
• ISO 9001 :2015
• Registering as Recruiting Agent with Ministry of Overseas Indian Affairs:- If HR
Firm involved in Indian citizen’s recruitment overseas then Must to take this Govt
fee of Rs.25,000 and a Bank Guarantee of Rs.20 lakhs. (Only those can involve in
it.
• Custom solutions.
6.
7. Why ESI and PF must for HR
Business:-
• In case the recruitment agency hires candidates on its role, ESI
registration may also be mandatory. Employee’s State Insurance (ESI)
is a self-financing social security and health insurance scheme for
Indian workers. For all employees earning INR 15000 or less per
month as wages, the employer contributes 4.75 percentage and
employee contributes 1.75 percentage, total share 6.5 percentage.
This fund is managed by the ESI Corporation (ESIC) according to rules
and regulations stipulated therein the ESI Act 1948, which oversees
the provision of medical and cash benefits to the employees and their
family through its large network of branch offices, dispensaries and
hospitals throughout India. ESIC is an autonomous corporation under
Ministry of Labour and Employment, Government of India.
8.
9. Basics of Starting HR Business:-
• Create an appropriate legal entity for your business.
• Purchase professional liability insurance. HR consulting and outsourcing involves
giving clients .
• Establish a network of other HR professionals who you might entice to work with
you, for you.
• Select a target market. Figure out which industries are best for you.
• Market to potential clients. Start with the executives, business owners, colleagues
and other HR .
• Meet with businesses you know which are looking to undertake a major HR
initiative.
• Develop proposals for the services you will provide as clients become interested.
• Draft a MOU or contracts.
10.
11. How to Get Clients for Your HR Business:-
• Promote your consulting services in a variety of ways. Along with
networking, you can contact .
• Join your local Chamber of Commerce and other professional
organizations, such as the Society .
• Develop a business plan. And go with it only.
• Online Marketing (FB ADS or Google adwords)
• Make a Website and market it soically.
• Try a HR Blog addressing problems of clients.
• Tie up with other HR firms or Business.
• Try Offline marketing business activities.
• Use Marketing tactics well.
14. Summarized Approach to HRBusiness:-
• Determine the type of recruitment services you wish to provide.
• Assess the competition and market climate.
• Examine your recruiting experience.
• Evaluate recruiting agency startup costs and your financials.
• Select a location for your recruiting agency.
• Create a recruiting agency marketing plan.
• Hire recruitment staff.
15.
16. For Business Plan for existing HR business
which is not getting business :-
• Ask Query for
• How to start or restart HR business.
• What skills needed for the same.
• When to start HR Business ?
• What Sectors to look in to for HR Business Startup or entrepreneurship.
• What Scale to Start with first on HR Business initially and how to scale up
in mid level time and end.
• How to find Clients for your HR Business and how to promote HR
Business.
• Everything will be in BUSINESS PLAN for more info mail us
• gauravdelhirav@gmail.com