How to Start a Staffing Agency in India
According to "Outlook Profit" magazine, India is the second fastest growing economy in the world today "see References 2". With businesses and corporations cropping up all over, staffing agencies are becoming hugely popular in providing professional labor. Learning how to start a staffing agency in India can pave way for a very successful business that transcends international boundaries - as Mira Kamdar, the author of Planet India, puts it, "As goes India, so goes the world" "See References 1".
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Instructions
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Survey the market and decide what skills employers are particularly looking for. Start with big industrial cities like Mumbai, Delhi and Bangalore, India's Silicon Valley to know where Indian market trends are heading. Surveying is also a good opportunity for making business connections in the market and building professional contacts.
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Locate yourself in the busiest of cities. Mumbai, which is the most populated city or Bangalore, are suggested. Your office should be located in a city which is the hub for the market activities you will be serving.
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Decide the investment you would need to get the agency up and running. Profits are slow to come in this business, so I suggest allocating twice the amount you need for the initial start up. The figure obviously varies from industry to industry, but you can remember this as a rule of thumb. India is a rapidly growing economy; if you are assisting people in finding jobs, you will find a lot of support from the Indian government.
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Start recruiting prospective employees. Interview them, test them and train them for their future jobs. Once the training process is complete, solicit business clients for job candidates. If you have done your homework well in step one, this step should not be a problem for your agency.
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Publicize yourself through advertisement campaigns, brochures, emails and through whatever it takes to bring your agency into the limelight. India is a big market and competition with other firms is going to be tough, so you ought to take advertising very seriously.
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Tips & Warnings
Try focusing on niche areas. These days computer programmers are great in demand, and India is a goldmine for employers; labor for the computing industry is cheap and plentiful. Staffing agencies should also consider outsourcing labor to other countries. Before everyone jumps on the bandwagon, make your first move and start ahead of the rest.
Don't try to cater to too many sectors in the Indian economy. Although seemingly very lucrative, your staffing agency will only lose the edge and the expertise it has over its competitors.
References
Resources
- Photo Credit india image by creative from Fotolia.com
