Transitioning to Independent Labour Supply: Is My 5.5 Years of HR Experience Enough?

Dear Seniors, I have 5.5 years of experience in the Core HR field. Currently, I am responsible for Contract Labour Management at a leading German Manufacturing MNC. I am eager to transition into working independently, where the possibilities are endless. Therefore, I am considering opening an Agency/Contract for Labour Supply in the Manufacturing industries located near Ahmedabad, Nadiad, Anand, Halol, and Vadodara.

Seeking Your Valuable Suggestions

Do you think it is feasible for me to establish a Labour Supply Agency/Manpower Supply Contract with my 5.5 years of experience? Your insights and advice would greatly assist me in boosting my morale and capabilities.

I appreciate your inputs. Please share your thoughts.

Thank you.

Entering the Manpower Agency Field

Interested individuals are opening manpower agencies these days without much background. Your initiative is appreciated, but you can make a difference by leveraging your experience and showcasing how you are different from the charlatans and fly-by-night operators. Your professionalism in approach and execution must be evident. This is a highly competitive field, and the margins are increasingly threatened with each passing day. Make a conscious decision after considering all the pros and cons.

Key Points for Entering the Manpower Business

1. Take appropriate licenses.

2. Arrange for capital investment.

3. Arrange for backup for investment.

4. Ensure you have the best network to arrange maximum manpower in minimum time.

5. Understand the risks involved in the business.

6. Get registered with statutory compliance authorities.

7. Target business within the local area first.

8. Ensure compliance without fail.

9. Form basic business policies from day one.

10. Define marketing and sales policies with timelines and invest wisely.

11. Know all legal aspects and have strong local connections to protect the business.

12. Pay your employees timely and ensure welfare is done to retain manpower.

13. Form your field operation vertical strong and integrated.

14. Have a website and company profile that are impressive and convincing.

15. Work on value additions.