Recruitment Business Idea!

Discussion in 'Business Ideas' started by Fergal, Jul 8, 2009.

  1. Fergal

    Fergal
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    Traditional recruitment agencies are suffering because the recession has resulted in less companies recruiting and creating new jobs. I've been thinking about ways that recruitment agents might be able to expand their range of services and survive the downturn.

    One thing that I've seen some recruitment agents do is change their focus from recruiting solely for permanent roles and begin to provide temporary staff to their clients. This helps their clients to keep costs down because they don't have the overhead of a permanent employee. The companies that I've seen use this have managed to generate some extra much needed revenue, but it is limited.

    An approach that I've been considering involves turning the traditional recruitment business model on it's head, and charging candidates to help secure a job for them, as opposed to charging the employers. Jobs are hard to come by at the moment and candidates may be be prepared to pay for such a service, plus businesses that are recruiting may well be very happy to receive a free service.

    If I was unemployed and looking for a job I'd be prepared to pay someone to help me with CV preparation, interview preparation and who would help to identify job opportunities that were suitable to my requirements. The service could include researching the relevant industry for companies that are expanding or who have recently lost key people.

    I know of someone who is highly skilled in a specialist area and is facing redundancy in a few months time. He is currently spending his spare time, up-skilling and researching areas that will be important in a new employment position.

    His time is valuable and I'd imagine he'd be prepared to pay for this type of service. This would allow him to focus on his area of expertise and outsource time consuming recruitment preparation and research to a specialist in the field.

    The business that I'm suggesting would be similar in concept to the agencies that models and actors use all the time.

    So what do you think, would the idea work?
     
  2. Mynameis...

    Mynameis...
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    They are good to the employer ofcourse.
    Well, to hire a temporary staff for the clients has been one of the solutions that employers have been trying to implement, because it has many advantages; one of which is that you are not obliged to pay them all the times, this makes you, as you said, gain some extra amount of money needed for later purposes.
    Moreover, I didn't understand what did you mean by candidates in the second solution; did you mean the clients, the employess,... who?
    The third solution is quite feasible, because people who don't know how to write their CVs are obliged to go to the experts and pay money for them so that they can help them do their CVs for them.
    Furthermore, to enhance your work and to upgrade it is definitely a good idea for the employers, because there would be a further "attachment" to their works and further understanding, which will cause a more serious commitment to it.
    Similarly for other solutions, they can be implemented and be a good ideas for recruitment businesses.
    These may work if a serious "heart" is doing this and not just because you want to do it, because if you like something you will excell in it.
     
  3. Fergal

    Fergal
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    Thanks for your reply and sorry for the confusion. By candidates, I meant people who are looking for a job. The traditional approach is that a client company engages a recruitment agency to find staff for them. The client company pays the recruitment agency a fee for this service and the employee / candidate doesn't have to pay anything.

    What I'm suggesting is that agencies provide a job search, CV & interview preparation service to employees / candidates who are looking for a job, and charge them for this service.
     
  4. stevefinkel

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    Recruitment training program is a book where you can get several recruitment business ideas and resolve all the issues. Go for it.
     
  5. MikePeterson

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    Temporary staffing business can grow quickly, clients can rack up big debts in a few short weeks and clients can change suppliers in a heartbeat. A good temporary business has the iambic pentameter of a stock market floor – busy, bustling noisy, phones ringing, people moving in and out of interviews, etc. It is not hard to find that in all this activity you can get distracted by the growing numbers and end up creating an engine and structure that needs to be fed. This might be a good way to buy yourself a job but it might not be a great way to get return on investment unless your plan is to start, build and sell.
     
  6. LeroySimpson

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    Agreed with the statement completely, that it works quickly for temporary staff and it works if some one is going with it completely and delicately and not just because you want to run it.
     
  7. david14beck

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    Recruitment Companies are used by a wide range of businesses. Today, in every type of business recruitment agencies work very well. Recruitment Agencies charge the company looking to fill a position. Employment Agencies offer you very valuable services. The recruiters typically charge the companies for services rendered which is a percentage of first year salary or negotiated flat fee.
     
    #7 david14beck, Sep 16, 2016
    Last edited by a moderator: Sep 19, 2016
  8. Devlon Infotech

    Devlon Infotech
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    One of the problems that many people face in setting up a recruitment company is how to fund it. Factoring is tailor made for the recruitment industry and is available with or without additional back office services.
     
  9. Ourbusinessladder

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    the idea you came up with is good. getting employed is a great factor today so that this business have huge scope as you are ready to train the candidate right from the CV preparation.
     
  10. alastairbrian

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    All the thing that everyone has to consider is that he should be well prepared for the test or interview. In this way, he may have to try and try but finally he will be recruited in some agency.
     

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