The idea of a recruitment agency came into being to overcome the challenges of organisations and potential candidates. More often organisations struggle to find the right candidate for their company. Similarly, the candidates are unable to make it to big organisations. Recruitment agencies work to channelise youth with opportunities based on their talent, skills, and qualifications.
Do you want to open your recruitment Agency in India? You are at the right place. In this blog, we will guide you on how you can start your recruitment agency, and what legal formalities you need to fulfil.
What Is The Task Of HR Agency?
The main role of an HR agency is to minimise the gap between potential candidates, companies, and businesses. They offer jobs on a contract, part-time, temporary, and full-time basis depending upon the needs of a particular organisation. Recruitment agencies aid the employer and searching for the right candidate for their business. Similarly, it also helps candidates in getting a job based on their credibility.
Best Ideas To Start A Recruitment Agency
Are you planning to start an IT Job consultancy in Delhi? Here’s how you can do it.
Understand The Market Requirement
Before you start your recruitment agency it is important to understand the market trends, which sector has a high demand for jobs and maximum profit. It is better to concentrate on a particular niche search as IT, Financing, banking, medical, etc. You must also know what types of jobs would your agency offer
i.e., Full time, part-time, contract-based, or freelance.
Keep in mind that you will only get fruitful results if you do your homework properly, and understand market statistics carefully. These are the basic questions that you should ask yourself before starting a recruitment agency:
- Which niche should I choose?
- What is the job demand of that niche?
- Which employment agenda you would follow?
Focus On You Competitors
Once you have decided on your niche, the next important thing is to study your competitors who are already working in this field. If you study your competitors thoroughly you can understand the challenges and benefits of the field. Moreover, it will help you in providing better services.
Building a database of clients and potential job seekers is very crucial, especially for new recruitment agencies. So, if you are just starting up your main focus should be to build a database. Follow these tips to build your database:
- Take part in job fairs
- Call your clients and stay in touch with them
- Stay updated
- Use every opportunity for networking
- Connect through social media
- Google search
- Create a website
- Advertise your agency online
What Is the Scope Of Technology In The HR Field?
Recruitment is a tiresome and time-consuming process as it involves data collection, storage, and maintenance. Recruiters are looking for ways to automate their everyday activities due to which the need for technology has greatly increased in the HR sector. Many recruitment companies in India are investing in advanced technology to keep up with their recruitment needs. Below we will discuss how technology can make your recruitment process easy.
Darwin box is a cloud-based authentic software that offers recruitment solutions to IT recruitment agencies in India. It plays a role in meeting HR needs, Performance management, employee engagement, and much more.
This cloud-based software helps recruiters in shortlisting applicants based on the job description. For instance, if around 500 candidates have applied for a job then the system will automatically shortlist 10 to 15 candidates. It will save your time, energy, and resources and will simplify the whole process.
This software offers high-tech recruitment solutions to recruitment agencies in India.
It helps organisations in discovering the talent who will fit perfectly for the job and accelerates the hiring cycle.
- Register Your Company
It is the first and basic step is the registration if your company under one of the following categories i.e., partnership, proprietorship, limited liability partnership, one-person company, or a private company.
Registration is important as it will help you in getting benefits such as loans, and transfer of shares in addition to limiting the liability on each shareholder.
- Register For GST And Other Government Programs
The next step is to must register your company under GST, and various other government schemes. If you register under these schemes, it will help you to get easy bank loans, and repayments, along with exemptions in certain taxes.
- Recruitment Agency Licensing
The recruitment agency must have a recruitment agency license before practising recruitment services. For this purpose, an agency must get itself registered under the Protector General of Emigrants (PGE) by the ministry of overseas Indian affairs as per the immigrant act, 1983.
Process As Follows
- The agency should first submit the application to the ministry of overseas Indian affairs.
- Submit a DD for an amount of 25,000/- drawn in favour of PAO, MAIO, New Delhi
- Provide a bank guarantee worth Rs 20 Lakhs
- Apply with the required documents mentioned in the application form
- Once the application is proven, the applicant will be given a recruitment agency license
Following are the documents required for opening an IT Job consultancy in Delhi
- Passport size photographs
- Signature specimen
- Bank statement
- IT returns of promoters
- Documents stating business activities for the past five years
- Graduation certificate
Recruitment agencies are becoming popular in India due to the remarkable services and opportunities they layout for the workforce and companies. These agencies bridge the gap between employer and employee and efficiently connect them to each other.
So, if you want to start your recruitment agency, all you need is the right skills and some professional guidance. Feel free to get in touch with our team to find out more.