Steps before registering your HR consultancy services

In the most recent decade, the HR consultancy has experienced a move from being a regulatory overhead, a non-beneficial office, to a key business partner. Helping  corporates to meet best man power services.

Human Resource Consulting has risen up out of administration counseling, as an  association’s necessities have gotten to be more unpredictable and specific, broadening  the hole between HR needs and work power capacities. This has highlighted the  capacity of HR administration consulting firms to fill this gap.

 Sounds Interesting? Well some of you might even think of being an Entrepreneur and start your own HR Consultancy!!!

Now, this is an optimistic thought which requires a lot of ground work to ensure that  you don’t fail at the mid-way.

 Some may think that registering a HR consulting firm and establishing itself is just a  cake walk. This is where real time experience helps; registering a HR consultancy service and establishing its credibility takes lot of hard work, good market research,

following trends and awareness.

You should foresee the challenges all the way with a vision to go ahead and get what you have targeted.

Even before you think of registration make sure you are through with some the basic  points mentioned below:

1.  Office space or place: address details for registration and future reference. Make  sure this is not just a gap fill up activity.

2.  Utility: Internet connection with a laptop or computer should always be ready to  take up the assignment

3.  Access to Database: Access to job portal, database, pool of resumes and CV’s is very  important aspect

4.  Back up: Adequate resource to run the HR consultancy, at least two members are  required so that one can meet the client, corporates and one can take [...]

Payment issues faced by HR Placement services: An overview

Every service provider, be it in any market segment tries hard to keep promise, sustain and grow to the next level. Similarly, an HR placement service in India has lot of competition and challenges to overcome and run it with long term vision. While start-ups or mid level HR consultancies work day in and out to line up the most trusted, experienced people to help various companies meet their requirement in quick time, they expect the same professional approach while receiving payment after a successful placement drive.

HR consultants constantly search for most appropriate candidates for any given profile be it technical or non technical, be it for freshers or for Senior management level professionals, it takes lot of understand, research, filtering right set of resumes, making sure all the desirable are matching with the resumes. Now, the next hurdle start while expert HR placement executives tries reaching out to the candidates, understanding if they are still in job hunt. What kind of profile the candidates are looking for. Confirming the present company requirement, profile, company details an HR consultant lines up the candidate. Sending a mail with details, follow-up mail and confirmation call are just few more to add to complete the process broadly. Now, after all these hard work when a candidate is placed the payment invoice is raised. The most common issues which most of the HR placement agencies face are:

 Non Payment: Every Hr consultant must have faced non payment issue in his or her business  career life at least once or twice .  the  client refuse to make the payment saying candidate is not performing well.
Lack of response: Once the candidates join, some of the companies never respond to confirm [...]

Delivering Quality Manpower solutions for Corporates and Business needs

This is straight from my experience: Let me share an interesting incidence with you all, I received a call from a HR professional from one of the most reputed CMMi level company. At the very first instance I could figure out that she was bit disturbed and was desperately looking for a HR placement agency who can help them getting the desired candidates on board.

Well, the requirement was for a Technical profile with management skills to handle technical project and handle a huge team of 30 resources spread over various geographies. Now, that is challenging isn’t it? As first step we started taking all the information about requirement, what is desired? What can be optional? Then more about the company, job profile, salary range, joining date, place of joining and so on. Once, we had a clear picture we assured that we will keep our promise and help you with most suitable candidates.

With years of expertise dealing with B2B HR consultancy services in Mumbai, Bangalore & Delhi, we have grown up to match up with any top notch HR placement firm in terms of resources and quick turnaround time. Our HR Placement team at Mumbai office worked out a planning scanned through the profile and mapped out the best candidates who can be lined up for the interview. Yes, now coming to the most crucial juncture where we keep our fingers crossed thinking all the candidates lined up should turn up for the interview, with timely follow up calls we ensured 100% turn up.

We called back the company desk and spoke with the HR and confirmed with them about the availability of the candidates. Within next few hours, I received a call from the [...]

By |February 2nd, 2015|Recruitment|2 Comments|

How Hr Consultancy can serve clients better?

Be it any industry, you need to be on your toes to deliver most effective services. It is not just you but the agility required in your team to deliver results once and always. HR placement services are no exception and requires to climb up ladder every day to achieve targets. Companies placing their trust on you, so you are not just limited to do hard work but result driven work.

Every day is a new day, every requirement is a new challenge, and if you have the zeal you will constantly evolve and ask yourself how could you serve your client better? How can you take an extra mile to ensure a happy client base with repeat business? With experience you can easily get to the problem solving mode and get to the requirement efficiently. Well, having said that it is not a cake walk by any means. Young HR professional working in HR consultancy may get scared with deadline and requirement at times. Being in the industry for more than a decade and running my own HR placement services, I can understand their pain points. Now, this where your leadership skill, expertise count.

HR consultancy services is driven through client requirement, which requires: proper understanding, mapping resources with the requirement, coordinating with them, scheduling interviews, taking feedback and get going. In order to serve the clients better, you need to serve your team better, make them feel good, motivate them, appreciate them and see how they deliver better result. Few key elements which you must inculcate in your team:

Trust yourself: Motivate them, give positive feedback, so that they can trust on their ability
Be confident: Make them feel comfortable and confident, ask them to [...]

How to face competition in HR consultancy

 

The world we live in is full of challenges be it personal or professional life, you need to be proactive and full of energy to face them and get going.

Running your own business be it a stat up or a mid-size firm you need lot of confidence and self-motivation. Since, last ten years I have addressed enormous shift in trend while running my HR placement consultancy. There is huge competition in the market with new players coming in, it becomes more important to step ahead in the race with strategic approach.

Every city in India has huge list of HR recruitment agencies or say HR placement services available, this number even grows further in cities likes Mumbai, Bangalore & Delhi.

Now the question is How to face competition in HR consultancy?

Always remember that every business has its own plus and minus points, what make you climb the ladder is your attitude towards a problem. If you can constantly challenge yourself to better your own performance you are bound to get better results.

 

Analyze your business strategy: Monitor, analyze your present strategy, compare with your past track record to map down what exactly works and what seems out of proportion. Now, this will show you some light with a clear picture, where exactly you are lacking. With a perfect SWOT analysis you can look out for new innovative ways come up with a strategy which suites best to deal with corporate recruiters.

Keep in Touch: “Out of sight is out of mind”. Yes, in most cases if you don’t keep in touch with your old corporate tie ups or prospects in pipeline, you tend to miss out on the next opportunity to work with them, so keep in touch [...]

HR Consultancy and Placement Is all about professionalism

How many of you think that HR placement agencies or consultants are just there to make money? This is misconception in most cases. One who has focused approach on the HR consultancy services will ultimately help the business even keeping away from money making techniques.

If you are a human resource professional you give priority to the services and keep business as secondary option. Real consultancy services closely work with their client understand their need, what they foresee, what are the core expectation. Mapping these requirement with candidates who in true sense match the requirement is the next step. Being a HR consultant you need to be fair in determining if the candidate projected is exactly matching requirement or not. The intension is not to line up number of candidates to showcase that you have a huge pool of resources available. It is all about lining up quality candidates who will qualify and get selected in all probability.

Being a HR professional the first step is to know the mindset of a jobseeker, what kind of roles and responsibilities they look for and what they are capable of. As by now you have already understood the requirement from the client, you just need to act as a bridge between the jobseeker and the company. A successful placement send a strong message to the company and you win repeat business.

Getting repeat business and word of mouth are two vital elements that can make a big impact on your business. With no false promises, keeping up with the deadlines, lining up quality candidates, eliminating the risk of bad hire, helps building your brand image in the market.

As said HR consultancy and placement is all about professionalism, if you [...]

By |August 21st, 2014|Career|Comments Off|

A new dimension to run HR Consultancy

Being a HR consultant you go through many situations that can make you feel down at times. Feeling high or low depends on you, how you perceive things in professional life.

We all face more or less similar issues, situations while coordinating a successful selection process. While some of us are ready to face the challenge as we can foresee the success and feel the real kick once a successful recruitment cycle is complete, others simply discuss it taking stress on themselves.

Since, the task is steep, stress is bound to be a part of it. As a HR consultant you need to be ready to handle the negative phase very calmly. Let me share my own experience; working as HR professional since last 8 years and running my own HR consultancy in Delhi, for 6 years I came across many situations which were challenging. When I look back I see myself, sitting worried thinking a lot about what went wrong, why candidates didn’t turn up? What if these situation continue? Yes, it happened with me too but then I had the zeal to stand up and look forward. I constantly motivated myself saying “I am ready to face it, I am ready to take a step ahead, I am positive to learn from every last minute hiccups” and gradually things changed.

I agree that positive attitude or inspiration is not something that you will get in one day. You need to list out few things as I did:

1.It was my passion to be into this profession – today I am HR professional feel good about it

2.It was me who thought to establish a placement agency in Delhi – today I have done it

3.I wanted to share [...]

Documents required for starting a HR Consultancy company

 

What are the documents required for  starting a Hr Consultancy company ?  Here you need to First decide on the type of company you want to form. If we talk about types of companies there are 4 types of companies which you can form in India.

a) Sole proprietorship

b) Partnership

c) Private Ltd

d) Public Ltd

Sole Proprietorship: A sole proprietorship also known as a sole trader or simply proprietorship is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner. All assets of the business are owned by the proprietor and all debts of the business are his debts and he must pay them from his personal resources.

This is easiest and most affordable way to start an HR consultancy is to start it as a Sole Proprietorship firm.   If you are starting alone I recommend you to start as a sole proprietor, because it’s easy to start and total control is in your hands. There aren’t too much formalities involved in this kind of company. You just need to get a letterhead printed in your company name, print some business card, get a proprietor stamp made in your company name. With that in your hand just go in any bank to get current account opened in your company name. Once you have started your proprietorship firm, you should have these documents handy with you.

Letter Head with the name of company
Visiting card
Company Rubber Stamp
Your PAN Card
Address Proof (copy of telephone bill. Electricity bill)
Rent Agreement if you are running from rented premises
Current account in the name of [...]

Not getting clients for HR consultancy?

Dear friends, with this note let me wish you all a very Happy and Prosperous New year, May this year bring lots of happiness and success in your professional and personal life. This is the perfect platform to share my happiness and Thank you all for such an overwhelming respond to my book “How to start HR Consultancy Company” which helped me to sold more than 100 copies.
In past few weeks, I have received certain calls and emails stating
“Not getting clients for Hr consultancy even after doing numerous calls to the hr persons and mailing our proposal to them. We don’t receive any revert from them and on follow-ups they tell us that we will contact you once we have any opening but we never get any mail”
Every business has its ups and downs but it doesn’t mean the situation will remain the same. What it just need is a ray of hope and go for it, keep contacting the HR personals through cold calling and emails. If they are no response, don’t be disheartened, there can be many reasons behind it:-
• It might be possible they already have lots of consultants empanelled with them and they don’t want to add more, but they want you to keep in pipeline for future bulk requirement
• These days Companies are focusing more on revenue side or can say on business target by limiting their budgets due to economic crises
• The company may be going through restructuring process
So with such reasons, one can just keep up the faith for good times and trust me if you have faith success is never too far .In my earlier posts I have already [...]

By |January 16th, 2014|Recruitment|1 Comment|

Secrets of Interview Revealed!

Congratulations! You have been invited for the interview.
It gives wings to the hopes on hearing the you have been shortlisted but, at the same time it also brings an expression of concern “Now What?”.
An interview is all about research, confidence and creating a good rapport. The hiring manager needs to know that you are capable of performing the tasks of the job and also that you will be a good addition to the team. The interview is your time to shine. Don’t be intimidated because you don’t think you have all the skills that are wanted in the job specification.
Most job experiences will teach you as you go, so though you may not have the necessary skill, doesn’t mean that you can’t get the job. All you need is to work twice as hard in your interview to portray that you are perfectly capable for the job.  When it comes to hiring the right person, it is about the overall package – skills, personality, confidence and also the passion you show in your interview.

Preparing for the interview
“The more complicated and powerful the job, the more rudimentary the preparation for it.”
Therefore, the first step after you get an interview call is to research about the company. Once you know all about the company you’ll be ready to prepare for the interview. Learn about improving your interview skills and think carefully about what you’ll be wearing to the interview.
There is no perfect set of rules to define how to research about the company but getting prepared as best as you can, will enhance your chances. You can easily search about the company on google.

A true story…
I know of this [...]

By |September 23rd, 2013|Career|0 Comments|
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