As long as there is a demand for employees and job vacancies, you can rest assured there will be a demand for your services.
However, in this industry demand will ebb and flow depending on the countryapos;s economic and labour force status. Therefore, you will have to be aware that the tighter the job market becomes the greater the impact on your finances and business stability.
These days, many businesses looking for a new employee donapos;t have the time to wade through the hundreds of applications they are likely to receive.
Many just donapos;t have the time to oversee the hiring process, and to make sure they hire the right employees, they are turning to employment and recruiting agencies to take the “hack” work out of hiring.
When starting an employment and recruiting agency, your market research and planning will be vital to your business' success.
There will be a number of potential markets on which to focus your business efforts. It is important to research each market segment before launching into any major business decisions. Potential market areas include
- Corporate clients
- Small business
- Corporate head hunting
- Government agencies
- Professionals (specialised areas)
- The online job market
- The temporary employment arena.
Knowing how to put a price on your services is also an important aspect when running an employment agency. This and much more is outlined in this guide.
This guide will help you to arm yourself with the appropriate information. Information that is accurate, up-to-date and applicable to your individual circumstances.
|High net profit before tax||$87,000.00|
|Average net profit before tax||$69,500.00|
|Average startup investment||$40,000.00|
|Minimum startup investment||$17,000.00|