Have you ever considered a new business idea or consulting career into uncharted territory? Perhaps starting a staffing company? The mere thought of taking the plunge can often feel very intimidating particularly start a temp agency from home and you’re unsure of where the whole idea might land. The entrepreneurship world is packed with endless unknowns, particularly if it is your first time in that specific industry or sector-it can scare you enough to even hinder you from taking that important first business step. RSM Thailand
The goal of employment and recruitment consulting firms is to help match employers who have job openings with qualified employees who are available. Going by different names such as recruitment agencies or staffing agencies, this type of business or industry can be found in big cities and small towns giving support to lots of different industries or organizations.
The objective of this comprehensive guide is to bring to the fore in a transparent manner what and how to start a staffing agency or consulting business entails when you are completely new to the consulting industry and fully in charge of the staffing venture. This is your ultimate guide to creating and starting a recruiting and staffing consulting firm.
To start a staffing company may appear to be a straightforward transaction or business undertaking. You need just a couple of employees, there’s no huge inventory to acquire, and you could even start your staffing consulting business from the convenience! There are, however, plenty of things and steps to be considered before your staffing and consulting business is ready to take staffing orders from clients or even face your first candidate. This article is designed to guide you if you are thinking about how to start a staffing agency online or establishing a brick and mortar recruitment consulting company.
Starting a Staffing consulting Agency – What Do You Need
So, you are determined in terms of starting your own staffing consulting and recruiting agency – excellent business idea. Remember that entrepreneurship in any industry comes with lots of ups and downs, many quite unexpected and the same is true of staffing agencies. Even when you have a great love for what you are intending to do, your consulting business won’t succeed with passion alone. You not only need to be fully committed for the long-haul but also have an in-depth understanding of every possible staffing situation, business downturn, or even points of frustration which you could be transformed into a growth opportunity. And that is what this article intends to equip and guide you with as you enter this potentially lucrative consulting agencies industry.
Let’s first look at the basic staffing and consulting business requirements and areas that you will need to focus on when starting your consulting and recruiting agency in your new industry.
Get your Staffing Business Registered and Licensed
Perhaps you have explored the business plan or ideas on running agencies, or may be actively considering taking the plunge from your modest in-house temp recruiting to starting full consulting. Step one is obviously to get your staffing business registered. Before starting, learn all the relevant local requirements for that appertain to getting the appropriate business licenses, contact your local business bureau or check online. Then proceed to register the name of your staffing recruiting agency at the designated office, file your business articles of incorporation, and pay all fees.
Some of the key staffing business registration requirements for this consulting and recruiting agencies industry before starting include:
• A business name
• A qualified accountant
• Money for fees
• Business Banking account
• Insurance cover
• A place to work
You may, in addition, need to obtain extra staffing licensing to place employees legally in select specialized sectors or an industry like health care. Before you start the staffing or recruitment consulting agency, it is prudent to consult your local business bureau or licensing office regarding special staffing licensing information. They can also advise and guide you on ideas, business and industry approach strategies.
Obtain Legal Counsel that Understands How to Open a Staffing Agency
A larger portion of investment when starting recruitment agencies will go into getting suitable legal counsel to ensure proper due diligence on clients and employees. It is important to make sure that the legal counsel you employ understands staffing and the consulting business as well as all the relevant national and provincial legislation dealing with the staffing and recruiting agencies industry. This way, you are sure of them giving good guide tips.
Such legal counsel will assist you in terms of the requisite staffing consulting business documentation before starting operations in this industry. Some these will include:
• Employment Agreements
• Workplace Violence and Harassment Policy
• Termination & Layoff Clauses
• Disciplinary Policy
• Health & Safety Policy
• Client Service Agreements.
Secure Staffing and Recruitment Consulting Business Insurance
Most clients will want to see proof that your staffing agency has in place some insurance in case one of your temp workers cause damage as they work for their company, industry or site. Getting affordable insurance capable of meeting the needs of your clients is imperative. Talk to a reputable insurance company that understands your staffing, recruiting and consulting operations to ensure you remain covered for all manner of possible insurance situations before starting any consulting or recruiting agency or agencies as they can guide you.