HUMAN RESOURCES HRF
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Hr - Consultant / Generalist
Smitaast
Service
Anindita
Hr Consultant
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Resource Management
Modesto Tolentino Jr.
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Hivinoth
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Hraparnaa
Team Lead - Talent Acquistion
DUTTANI
Freelance Job Consultant
Info.jrt
Groomer & Placement Coordinator
Adityakmr
Director
+7 Others

Hi, Can any one help me know the procedure to start own recruitment consultancy.
I am in this field since last 4 yrs, I am strong with database & clients, I want to understand how do i go further with billing my clients.
1. I want to operate from my residence.
2. Will i need to open the current account?
3. Will i need to register my consultancy under some name, then what is the procedure for that?
4. Will i need to get the service tax no., if yes then how do i go for it?
5. Pls let me know if there is any thing else required for this business?
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HI, Even i had a similar plan.But i was also not able to get these details,so i had to drop the idea of starting a consultancy.It would be nice if anyone could help out.
First of all, as a requirement to any kind of business, which includes consulting services, you must have a feasibility study which shall initiate the business planning after. This is the procedure that is being followed in the set-up of any organisation, business or enterprise which will be able to detail all necessary requirements, procedures, systems, processes, legal, as well as financial and geographical viability of the business.
Hi,

First of all heartiest congratulations on thinking of starting a new venture!

The first step will be to register your company, whether it will be a proprietory or partnership firm, as long as its proprietory you can operate a current or savings a/c, makes no difference.

However a CA will help you get your firm registered, as well as help you with the sevice tax no.

A CA can also help with information such as "maintaining books of accounts" and filing of service taxes.

You also need to have a written annual contract with your clients, to whom you will be providing manpower. Most of the clients will have a ready format which you need to legalise on stamp paper, in case the clients do not have a format you need to make one detailing payment terms and clawback period.

As you plan to start from home, you don't need to worry too much about accounts right now. Get your contract with the clients in place, start recruiting candidates, once you start raising invoices, any accounts professional can help you with the rest.

All the best.

Regards,

Charu
Dear friend,

It is not that easy to operate a recruitment agency specially when you cannot facilitate the complete recruitment and selection process and

specially nowadays the recruitment agencies are using the most advanced and sophisticated testing techniques for their clients.

In your case you can make clients those are small companies or establishments those cannot advertize or cannot afford to hire a CV scrutinizers and recruitment & selection specialist. To them you can propose CVs and contact information to conduct a recruitment & selection process by them using their trade-experts and senior employees.

So as per your query,

1. I want to operate from my residence.

Ans: As discussed above you need to have a lot of infrastructure so it is not possible but you can only propose candidates.

Note: There are lot of websites in the market that fulfills the requirement without being highly paid. So consider this as a major competition to your business.

2. will i need to open the current account?

Ans: It depends on your revenue and usage, contact a well established and recognized bank and discuss to come-up with a better account for you.

3. will i need to register my consultancy under some name, then what is the procedure for that?

Ans: Yes you have to, procedure different region wise so meet knowledgeable person or any advocate to register your firm since there are certain types of businesses that can be registered like single proprietor or multiple etc.

4. Will i need to get the service tax no., if yes then how do i go for it?

Ans: Yes, well meet a tax consultant and take his advise as this is very necessary also.

5. Pls let me know if their is any thing else required for this business?

Ans: As above said and many more things, may be some one else from our community would suggest you better than this.

Hopes replied to your query,

Khaiser Ali Shah

00966509928983
Hi Charu, Thanks for reverting to my query, I think i have atleast got a way ahead positively to think to find right direction to get in to this business. Thanks for your inputs.
Hi,

Following information may helpful to you in your new venture of recruitment business.

Recruitment Business is vast by nature...The various kind of Permanent Staffing, Temp Staffing, RPO.........Further more screen down to Executive Search/ Contigency Recruitment/ Turnkey Recruitment/Advertised Recruitment..........

Pl. note down the recruitment business process in Permanent Staffing solution...........

1. Your need to decide which vertical (IT/Manufacturing/Civil/Pharma/Chemical/Oil&Gas many more......) you would like to operate/start business.

2. Make client database according to selected vertical.

3. Prepare contract document. Before starting any recruitment assignments you need to sign contract with client.

4. Recruitment Charges may vary from 8.33 % to 20% of CTC value of selected/joined candidates. Normally in India, recruitment organization are charging from organization.

5, You can use the job portals like naukri / monsterindia / timesjob for getting candidates databse. You may upload job position also.

6. There are few techniques for getting candidates like Head Hunting, Reference and Database.

7. You can manage your database with specialised software so inventory of the resumes would be in good conditions. Whenever you want any resumes with matching to perticular skill sets, you can get it from internal databse, if Inventory of resumes maintained in good condition.

8. Training could be imparted on Communication Cycle, Candidate Cycle, Pitching & Client Meeting, Campaign Management, Candidate Development and Client Cycle.

9. Accouting and Taxes (Income Tax as well as Service Tax). (Accountant will take care on taxation part).

10. Infrastructure Set up : Company Registration, Office Rent, Computer - Infra Cost, Employee salary, Job portals contract fee.

Enjoy!!!

DN
Hi,

Here you go....

1.I want to operate from my residence.

You can always start it from home. No high-end infrastructure needed. All you need is good networking and market knowledge, PC with broadband and a phone.

2. will i need to open the current account?

Yes.

3. will i need to register my consultancy under some name, then what is the procedure for that?

Its better to get it registered first than start operating. You can contact any Tax consultant who will help you out in firm registration and getting a service tax number for your firm. He can also suggest you the template of the agreement with clients ( though may clients prefers their own agreement template)

4. Will i need to get the service tax no., if yes then how do i go for it?

Already answered.

5. Pls let me know if there is any thing else required for this business?

Good market knowledge and contacts, one portal license and lots courage and patience. You may not see the return in the first day Ö Perseverance is the key Ö

All the Best !!
Hi All, Thanks for giving good suggestion. I have my own consultancy but i have limited clients.Can anyone help me out for more clients.I have Good Database with me. Waiting for reply.
Be a part of the growing team
Become a Woodfog Recruitment Consultant (Work from home Full time -Part time)
Woodfog is staffing recruitment firm, we are actively looking to hire independent Sales and Recruitment personal to expand our business .
All you need to have is good communication skills and a will to go that extra mile .
You can even earn in Dollars and Pounds.
If you are interested in partnering with us, youíre welcome.
Please mail us at .
more at https://www.citehr.com/3546-start-ow...#ixzz0mPP5d5ix
Hi
well we are in this busines since last 3 yrs and making business partner now in pan india if u laos want to start along us pls call 9716224444 investment is minimum 5000 and maximum 15000
saurabh khanna
Hi Smita,

This business is becoming very popular now days BUT you need a lot patience , however initial 6 months would be a challenge for you.

Plan your financial budgets & go for a pilot run for initial 6 months. Itís not mandatory to get business but potential business (do able) from clients.

STEP 0

Prepare your outlook & analyse your business plans.

STEP 01

Select a name of your company (make sure itís not starting with an individual name)

Now access this link & check your company name whether itís available or not MCA21 †:†Check Company or LLP Name

STEP 02

Once company name is selected, start as proprietorship firm (its required Service Tax number after a gross billing of Rs.10 lacs plus). I think a CA can explain u better as itís a long process and I canít explain here ;)

Youíll able to decide your future after a year (ROI). If everything works fine, then increase your support staff (recruiters) & cover your local territory first (this will reduce your cost as well).

STEP 03

Now itís time to think about registration of your firm as Pvt.Ltd.

You would be require a lot of formalities like

DIN Number (The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006. As such, all the existing and intending Directors have to obtain DIN within the prescribed time-frame as notified.)

Company registration/ Memorandum of Association, Service Tax Number, PAN Number etc etc

I have a lot of stuff to share with you but its difficult to put all together on website, better you get in touch with me on my chat ID

Regards

Deepak Kapoor

09891709730 (New Delhi)
If uwant to start intially with less investment not more then 50000 then contact us . mail me yr profiile
Dear Sir,
i have also started home based work,so i want to know about the payment procedure with the company,can you provide me the format (agreement between consultancy and company),or any other formality for this issue.
Waiting your response
Thanks & Regards
Check out this CiteHR thread:
you require following documents -
Shop Act License which you will take from corporation
Service Tax number which registered as Man Power Recruitment business
Bank account & your pan card.....
Best of luck..............
Hi,
I am planning to start recruitment in my home but I don't know how to gain good clients.Can anybody help me how to get good clients (If i placed a candidate the company has to pay for my service) I don't like to get it from candidates
Hi All,
The advise given are good and logical. I am in the process of starting the same and would like to know a few tips on how to approach a company to place my candidate on their hot spots.
I am working from home and have registered too. I am operating from Nigeria.
Regards
Mrs Dutta
Resp Sir, Tanks for the advise. Appreciate if you could tip on how to approach companies to place candidates. regards Mrs Dutta
Dear Mrs Dutta,
Feel free to communicate me or mail me your mail details would like to get in touchbase as we are also in recruitment business for overseas.
Looking forward towards a successful business relationship with your organisation.
S Dutta.
+91 09405951307
First Register your company under the shop and establishment act, you can do it online
Next get a pan card for your company
Open a bank account, you will need the registration copy, Pan Card of the company, Rubber stamp and letter pad of your company.
Now take a naukri and/or monster database
Have a seperate landline, net comnnection and a laptop and if possible in your house a seperate room.
Have a website for your company, and submit it to various free directories online
Thats it you are ready to go
Kiranji, we have about 100 requirements in Pune (to be filled before 31st Jan 2015) for +2 qualified, english speaking candidates plus computer operating skills for the role of Sales Associate for a Non Banking Financial Company (NBFC). This company offers loans for consumer durables and products. They will be trained as Intern for 6 months and get stipend of Rs. 6000. They will be posted in various Dealership centers after their training.
For each Hire we are getting Rs. 1500 from our client. We can share this with you equally. If you are interested please let us know we can send an official email confirming the fee sharing ratio. our email is (esp.2001uk@gmail.com). Sincerely Alfy
Hello Everyone..
I am Jeet, founder of JRT Placecon Servicess... here I provide grooming, summer-internship & placement for technical as well as non-technical students.I have tie-ups with direct colleges in west bengal. most of the students are freshers,so they dont have the professional skills. Now days I have seen near about all companies has stoped recruiting freshers candidates. So please let me know how to place a fresh students in an organization. and if any HR/ organization is ready to arrange on-campus or off-campus interviews please contact me.
Thank you
Regards
Jeet Chakraborty
09051278426
Dear Concern,
Hope you’re doing well !!
Greeting from SRJ.consultancy services !!
I am aditya kumar director of SR Job consultancy services , from new Delhi Now a days I am upset about my business, because I want increase my business at pan India level. Last time I had meeting with investor and he said please send me the proposal, so I am little bit confuse which kind of proposal he want, Dear concern I don’t know about the investor proposal. Last 2 years I am running this company. Can you please let me know how to make investor proposal.
Awaiting your soon revert.
Note: Please revert on my mail id adityakmr993@gmail.com
Hi all,
If anyone know about Agent who help me for applying Recruitment Agency licnese for overseas recruitment please contact me immediately at or 850594275
neusource.com
they can help you
HI
I have started new manpower consultancy and i requesting all the document in doc. format..
From AtoZ (format)
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