Recruitment business

W74255

Hi. I am a new recruitment business starting off and have two questions to ask. Where is the best to find potential canditates. I priced jobs.ie and it costs thousands so need other sources. Second question, what is the typical rates a recruitment firm charges to the clisnt(employer of my canditates)

bizzyb

Sorry I can't answer any of your questions, but if your in the recruitment industry, James Caan's audio book is a great listen on how he built up his recruitment business, starting out in a closet! https://play.google.com/store/apps/details?id=com.sulata.caan.secrets&hl=en

markiemark2005

W74255 wrote: »

Hi. I am a new recruitment business starting off and have two questions to ask. Where is the best to find potential canditates. I priced jobs.ie and it costs thousands so need other sources. Second question, what is the typical rates a recruitment firm charges to the clisnt(employer of my canditates)

In Ireland you need to get a license to act as an employment agency. It costs €500 per year.

http://www.workplacerelations.ie/en/What_You_Should_Know/Employment_Agencies_and_Agency_Workers/

D Hayes

W74255 wrote: »

Where is the best to find potential canditates.

Try LinkedIn. I get a couple of emails per week from recruitment agencies on that. You may need to use the premium version to "cold call" email other LinkedIn users.

pedronomix

W74255 wrote: »

Hi. I am a new recruitment business starting off and have two questions to ask. Where is the best to find potential canditates. I priced jobs.ie and it costs thousands so need other sources. Second question, what is the typical rates a recruitment firm charges to the clisnt(employer of my canditates)

Quite obviously you are totally clueless about one of the most competitive businesses out there. Go and work in it and if you can last 12 months in it, you might have a slim chance of making it on your own. If you can earn 100K + you probably have a 50:50 chance.

W74255

pedronomix wrote: »

Quite obviously you are totally clueless about one of the most competitive businesses out there. Go and work in it and if you can last 12 months in it, you might have a slim chance of making it on your own. If you can earn 100K + you probably have a 50:50 chance.

I don't appreciate being called clueless, if you have nothing better to say, try this for an idea, don't say anything.

Ideo

W74255 wrote: »

Hi. I am a new recruitment business starting off and have two questions to ask. Where is the best to find potential canditates. I priced jobs.ie and it costs thousands so need other sources. Second question, what is the typical rates a recruitment firm charges to the clisnt(employer of my canditates)

10% of salary is a good guide - depends on what segment you are going after. What types of roles are you hoping to place candidates? Do you have a website? Where are you based? What experience in recruitment do you have?

W74255

Ideo wrote: »

10% of salary is a good guide - depends on what segment you are going after. What types of roles are you hoping to place candidates? Do you have a website? Where are you based? What experience in recruitment do you have?

I am based in Dublin and hire nurses and nurses aids for private nursing homes. I am currently in process of getting a website designed. I have a business degree and a good knowledge of recruiting and it's methods.

pedronomix

W74255 wrote: »

I don't appreciate being called clueless, if you have nothing better to say, try this for an idea, don't say anything.

OK, I was deliberately trying to provoke you to put your brain in gear, assuming you are actually serious about this business. If you do not know even the rudiments of the business, you need to learn them and I did suggest that you work in the industry to learn the business.
Book learning is a fine backup, but real experience and practical implementation are where you get to actually understand a business.

I note you did not answer the direct question posed by IDEO as to what actual experience you have in the Recruitment business, you just fobbed it off.

Knowing something of the Care Home industry I can tell you there is no need to use any agency to recruit nurse's aids/carers etc, you only need to mention an opening to one Filipino and you will have a deluge of applicants from brothers, sisters, mothers, cousins and neighbours.

What market research have you done? Have you identified a specific market opportunity? There are a ton of well established expert agencies out there, what is your USP to displace them?

W74255

pedronomix wrote: »

OK, I was deliberately trying to provoke you to put your brain in gear, assuming you are actually serious about this business. If you do not know even the rudiments of the business, you need to learn them and I did suggest that you work in the industry to learn the business.
Book learning is a fine backup, but real experience and practical implementation are where you get to actually understand a business.

I note you did not answer the direct question posed by IDEO as to what actual experience you have in the Recruitment business, you just fobbed it off.

Knowing something of the Care Home industry I can tell you there is no need to use any agency to recruit nurse's aids/carers etc, you only need to mention an opening to one Filipino and you will have a deluge of applicants from brothers, sisters, mothers, cousins and neighbours.

What market research have you done? Have you identified a specific market opportunity? There are a ton of well established expert agencies out there, what is your USP to displace them?

I will be charging a very low commission rate in year 1 to try and gain a market share.
I will interview a higher volume of canditates in order to widen the chance of finding a better candidate. I have links to a university in Dublin. My aunt is head of nursing there so I will have fresh enthusiastic candirates as well as experienced ones. These other companies started out once upon a time as well and gained a market share.

pedronomix

Good luck with it, though you will need to start answering direct questions with direct answers if you hope to get on in business.

W74255

pedronomix wrote: »

Good luck with it, though you will need to start answering direct questions with direct answers if you hope to get on in business.

As a matter of interest, what job are you in, you seem to think you know it all about recruitment, you seem to be one of those people who knows things about a lot of things, and not much about one thing.

ImDave

What areas of expertise do you have OP, or have you worked in an industry/profession aside from cruiting carers? The reason I ask is that possibly the best way to start off is recruiting for an industry which you have an excellent knowledge off.

Many job seekers got put off by recruiters who know nothing about the industry the job is in. I get a couple of emails from recruiters through Linkedin every week, and the vast majority, although in the IT industry, have nothing to do with my skill set or area of expertise. If you could put yourself out there as having experience in a specific field, client firms may be more interested in working with you.

pedronomix

I am a Corporal of Industry, not a hireling !!

W74255

pedronomix wrote: »

I am a Corporal of Industry, not a hireling !!

a recruitment firm is not going to disclose how much they charge, and why would they, they risk being undercut by a rival. So this means it's hard to gauge the normal fee's being charged. I realise I would be better off getting experience before starting a business, but I can't get the experience. So I don't want to just wait around to get it. I want to better myself in this field, and at least if I give it a go and it fails I have valid experience which looks good on a cv that I did this. Maybe doing nursing as a speciality is a risky one when starting off.

pedronomix

now try asking your aunt, as a director of nursing she can easily get hold of all the rates for the major players.

Buttercake

W74255 wrote: »

I will be charging a very low commission rate in year 1 to try and gain a market share.
I will interview a higher volume of canditates in order to widen the chance of finding a better candidate. I have links to a university in Dublin. My aunt is head of nursing there so I will have fresh enthusiastic candirates as well as experienced ones. These other companies started out once upon a time as well and gained a market share.

Getting CVs and candidates is the easy part no? getting the employers onboard is surely the challenge.. do any of the employers care about low commissions when they have the jobs to fill or would they rather pay €xxxx to an established recruiter who will quickly fill the role with quality candidates?

Atomico

I imagine that working with a recruitment agency is going to take up a lot of an employer's time, and so they are probably going to want to deal with established players, those with direct experience and expertise in the area / industry they are hiring for, and those who come recommended by others. They may also be wary of agencies that appear to undercut the going rate(s) in their sector.

I would say it's a case of specialising, marketing the fact that you do specialise, and also figuring out how you can pitch your services in a way that will compel people to choose you over the competition.

Mrs OBumble

W74255 wrote: »

I have links to a university in Dublin. My aunt is head of nursing there so I will have ....

Do you know much about data privacy?

Even assuming that your aunt does, therefore that she will only be giving your name (along with all the other recruiters in town!) to her grads ... you obviously don't have a wide knowledge of recruitment, or you would not have made your initial post here!

DubTony

W74255 wrote: »

Hi. I am a new recruitment business starting off and have two questions to ask. Where is the best to find potential canditates. ... what is the typical rates a recruitment firm charges to the clisnt(employer of my canditates)

W74255 wrote: »

I am based in Dublin and hire nurses and nurses aids for private nursing homes. ... I have a business degree and a good knowledge of recruiting and it's methods.

W74255 wrote: »

I will be charging a very low commission rate in year 1 to try and gain a market share.
I will interview a higher volume of canditates in order to widen the chance of finding a better candidate.

I think your business plan might need a quick look-over by an expert. :rolleyes:

W74255

As a matter of fact I'm in the process of getting it looked at, assume your writing skills aren't too good due to the amount of pictures you shared on link to put your point

DubTony

Well, here's hoping the guy who looks at it is more clued in than you are.

Let me highlight a couple of things while I'm here (and give you an idea of my writing skills while I'm at it).

As I pointed out, you claim to have a good knowledge of an industry, yet your opening post asks the most basic of questions.
Then you suggest that you'll focus on a particular market segment without knowing that the potential for these jobs to be filled quickly is pretty well established.

Then you propose that you'll undercut the market while not knowing how much they charge. If you manage to create a successful business with a "cheap" model, how will things work out if you need to increase prices? You'll be known as a value for money recruiter who put his prices up. If you start cheap, you'll need to stay cheap.

Finally, I'll give you some info. Ironically I have some connections with the recruitment business through family.

Mrs DubTony is in HR in a "nursing home" (not sure of the PC term for that). She tells me they never use recruitment companies or agencies to fill posts that are basically min. wage positions.

And my brother's wife runs an executive recruitment company. She doesn't do undercutting because - quote "it cheapens my efforts, and I've got bills and people to pay"

I suggest you start a business that you know something about.

W74255

DubTony wrote: »

Well, here's hoping the guy who looks at it is more clued in than you are.

Let me highlight a couple of things while I'm here (and give you an idea of my writing skills while I'm at it).

As I pointed out, you claim to have a good knowledge of an industry, yet your opening post asks the most basic of questions.
Then you suggest that you'll focus on a particular market segment without knowing that the potential for these jobs to be filled quickly is pretty well established.

Then you propose that you'll undercut the market while not knowing how much they charge. If you manage to create a successful business with a "cheap" model, how will things work out if you need to increase prices? You'll be known as a value for money recruiter who put his prices up. If you start cheap, you'll need to stay cheap.

Finally, I'll give you some info. Ironically I have some connections with the recruitment business through family.

Mrs DubTony is in HR in a "nursing home" (not sure of the PC term for that). She tells me they never use recruitment companies or agencies to fill posts that are basically min. wage positions.

And my brother's wife runs an executive recruitment company. She doesn't do undercutting because - quote "it cheapens my efforts, and I've got bills and people to pay"

I suggest you start a business that you know something about.

First of all I would like to apologise for the low remarks, and thank you for you blunt opinion