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What you should know before you start a requirement agency?

Recruitment agencies procure the best candidates from beyond the company's network. They are hired by their client companies to save the company's time and money.

Recruitment agencies provide a range of services including finding candidates, performing background checks and interviewing candidates for the job, at a low cost. 

Before you start a recruitment agency there are certain thing you must know.

1.The role of agency recruitment is to find the right candidate for an employer. This is different from an employment agency that caters to a candidate's needs and finds suitable jobs for them.

2.The agency needs to perform background checks on the shortlisted candidates.

3.They may be tasked with conducting interviews for them.

4.They are required to keep all information and process confidential.

5.Recruitment agencies must keep aside personal feelings towards a candidate while trying to fill a vacancy. 


Image Source:-shutterstock

How to start a recruitment agency

1.Determine your niche

A recruitment agency works in a particular field or industry. They then form relationships with companies within that field. Hence, the first thing you must do is to determine which industry you will be catering too. For example, you can be an IT-focused industry or health-sector oriented.

2.Assess your competitors

Identify your competitors, their skills and services. Perform a SWOT analysis to determine how you stand out among them.

3.Estimate the finances required

Agency recruitment does not require as much money as other startup companies. However, you will have to spend money on an office, office furniture, digital tools etc. Therefore, you should create an estimated budget plan for your expenses.

4.Build marketing plans

Make a unique logo that goes with your agency's tone and style. Then create a marketing plan to improve your business. Identify the tools required to attract business, for example, various job boards and LinkedIn.

5.Set up goals

Set up short term and long term business goals to gain success.

6.Invest in technology

Today, everything is digital. All recruitment agencies have a digital database of candidates and use digital platforms to advertise job vacancies. To stay in the competition, you need to invest in good computers and software required to perform your job efficiently.

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