Thursday, 28 August 2014

Small Business Idea- Placement Agency/ job consultancy

It has been 5 years now, that am in this profession. I must say this is the best profession that suits me. Like every business it too has its pros and cons but still I love to be a consultant.  In this profession, you have to evaluate people, their capabilities, the truth behind their words, I love the way people rely on you, the appreciation you get, if you do great job and profits.


Placement agency or a job consultancy is a term which is very much familiar with the seeker as well as giver. Placement agent act as a mediator between the employee and the employers. Their work is to identify the job requirement of the organisation and try to provide the best suitable candidate for their requirement.

nvestment required

You require atleast 50-70k to start this business. You have to take job portals, 24*7 internet, mobile recharge, and others.

Skills required


  • Hr skills are very much required for this business. 
  • good english and comm skills
  • patience
  • confidence
  • understanding of HR tools
  • Understanding to search profiles on portals



Set up/Requisties


laptop/ desktop
24*7 internet
mobile/ landline
stationery


Profit earned


Now a days competition is great , so profit earned can be varied..consultants generally charge one month salary of the candidates to 15 days salary depending on their understanding with the company.
.

Advantages



  • you are satisfied as you are helping someone.
  • you get to talk to many different peoples.
  • obviously you earn depending on your capabilities.

Disadvantage

  • Most of the HRs are reluctant to share their requirements.
  • Many HRs will expect their margins, can shout at you even they have half knowledge.
  • there is lot of competition in this field.
  • candidates may treat you as customer care rather than job consultants
  • you can expect call anytime even at 2 in the night
  • many time candidates wont join the organisation after getting the offer
  • or many run before completing the due said period.
  • you have to face many lies and requires hell lot of patience.

Since am in this profession from last 5 years, I think , I know the best ad the worst of it. So if any of you planning to have a job consultancy do write to us. We will try our best to help you.