How to setup a recruitment agency?

There is a good product out there called Bank 4k in 4 hrs.....
Or something like that that focuses on how to build a recruiting agency.
Working with high-end professions. I would also get a good course on LinkedIn and jooin some Human Resources groups. So you can connect with the people that have the openings.

This is something I would like to try someday as well.com, but I am a member of the clean plate club. Meaning I take care of everything on my plate, before putting more on there.

Great advice vndnbrgj. thanks for posting this one. big help

As a recovering recruiter, I can help out with this one! I ran my own executive search firm for several years before deciding to move into the online world. Great business, high margins. Fees in the U.S. are anywhere from 15% -30% of the first year's salary for permanent placement; temp agencies mark up the hourly rate paid to the worker, so they get paid that mark up for every hour the temp works. Sounds easy doesn't it?

Starting out, you'll need to work on a contingency basis, meaning that you only get paid if you successfully place someone. Things that can go awry with this include the employer filling the job directly, another recruiter filling the job first, the job going on hold, an internal transfer filling the position, etc. You might do a lot of work, only to end up with no placement, and therefore no fee.

Some recruiters work on a retained basis (which is what I did), but you need to have experience before you'll be able to land that kind of deal.

Recruiting is sales. There are lots of threads out here that talk about cold calling. That is a necessary part of the recruiting business. You will need to make calls to land clients, and you will need to make many more calls to find candidates to fill the job openings you secure. You need to build relationships with clients and candidates and have stellar follow through skills. You'll also need to be able to quickly assess a candidate's skill set and whether they are a match for your opening. There are tangible skills and then there are softer skills, i.e. a candidate's "fit" with the company's culture.

If you're good, you can make a lot of money in the recruiting business. But, it's not an easy business.

Hope this helps!

Cindy

Also, if you have never worked at one before. You can ask for "work experience" at a local recruiter just to get some bearings of how the industry works.

Alternatively, you could ask a recruiter in a different locality to you to mentor you throughout the process.

I was looking for the same topics for a while and I found this. I found one famous book "How To Start An HR Consultancy Company?" and thought it might be useful to the people who are planning to start a business in HR Firm as well as you.
This book "How To Start An HR Consultancy Company?" is a basically reference guide to guide the emerging entrepreneurs in starting and growing their business of HR Consulting. This book is a step by step guide for entrepreneurs looking to start their own HR Recruitment and Consulting Firm and some procedure how to rin the business and all.

It's written by Sangita Singh, one of the famous Entrepreneur and an HR Recruitment Consultant by profession. She runs HR Recruitment and Consultancy Firm and been more than 5 years. This firm has provided recruitment solutions to many reputed organizations.

As I'm also planning to start HR business. Please, let me know other resources if you find. Help appreciated.