Business will go downhill!
With the onslaught of many new agencies setting up everywhere and the market open itself to more dimensions, the loyalty for a recruitment consultant staying in a company for many years is a distant memory. You see, the business of recruitment agency can be easily duplicated and apparently when one of the top recruitment consultants in a company reaches the top sales for a few months…..Greed and EGO take over….
Many people who work in a recruitment agency handles the clients and candidates directly and when they make over $10,000 – $20,000 per month in sales, they will be a tendency for them to believe that they can earn more IF they were to start on their own.
What happen is that they will talk to many potential investors and eventually one of them who are not in the industry will be willing to pump in the money and of course that recruitment consultant will automatically become the Managing Director of the new company.
When the new agency is set up, the Managing Director will stop to do sales and even there are new job orders, they will push them to the new consultants. Being trained by the previous manager who kept everything by themselves, the skills the new MD had learned will also be limited and most likely have not really has the experience runing a business before. They only know how to talk to clients and talk to candidates!
How to Start a Profitable Recruitment Agency
In actual business, it is more than clients and candidates; in real business it involves the following:
- Sourcing for the best place to work (Office). Most people were slaughter by this because they have no idea what is the best deal in the market, 9/10 of them will be misled by the commercial agents as they are not IN the market.
- Creating a brand that has a deep impact. Many people think this is redundant because they are not into marketing and branding and of course they do not know it is EXTREMELY important. The fact that the brand says a lot about yourself and if you cannot create the difference, you will be like any of them out there.
- Recruiting the right staff, most of them who are a recruitment consultant fail in their selection of the candidates because many of them are not even trained how to do so, they just go through many hundreds and thousands of resume and they believed they are good interviewers.
- Leadership and retention – This will kill many. Seriously speaking, these things usually does not exist in the new MD themselves because they are not trained how to do so….however many still believe they are good in these areas!
- Understanding the industry – Most new agencies does not even know about the Market Tumours and when I explained to them the MT, most just stared blindly to me and at a lost of words because I had decoded the entire recruitment agency industry and tear it apart to bit and pieces where they have not seen before.
- Managing the cost of operating, most of the new MD does not have this skills because they are not trained at all.
- Generating sales – basing on the 80/20 rules, 8 of your consultants will not be producing and only 2 will produce, with that the salary will be more than the sales and any logical investor will pull the plug eventually. If the investor is the MD himself, he will feel even more painful in this issue.
- The MD will need to incorporate new ways to generate new consultants, new clients and new candidates because they will find that the previous method they use will not yield good returns….
- Training – Your staff needs training in almost all areas, most of them they do not believe it is a need to train staff, well if the skill set of the company staff is not up to standard, eventually the sales and clients will go elsewhere!
The Secret of Generating 100 Recruitment Agency Clients in 2 Weeks Revealed
Anyhow, managing a recruitment agency is not easy as it seems, it takes more than hard work and sales to make it happens. You will need to focus, innovate, positioning, branding, change and adept to be able to make it big… Good luck!
Dougles Chan is the recruitment Guru ,a Personal Mentor, Business Adviser and also a Web Sales Expert that assist clients in their business needs in recruitment and sales, specialised in creation of sales, leads and traffic in many industries including employment agencies, advertising agencies, gifting industry, education industry, training industry, software industry and many others. His clients comes from Singapore, Australia, United Kingdom, USA, South Africa, Germany and many other countries.
He is the author of Job Seekers Power Manual and recruitment agency manual – Financial Success in Recruitment Industry which had received tremendous praises from job seekers and CEO and Directors of companies all over the world.
If you are seeking for someone train and mentor you or to brand and create more sales and generate leads for your side, you can speak to Dougles Chan to see how you can use the latest techniques and technology to your advantage. He will be able to blend in the most effective way with the least cost to get things done at the shortest time. Dougles can be contacted at dc@dougleschan.com or you can contact him at +(65) 93880851
How to Start a Profitable Recruitment Agency
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