Prepared for erik | Delivered September 28, 2019
Small Recruiting Agency - Best Practices
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The best practices for starting a small recruiting agency .
The RIGHT BUSINESS MODEL AND NICHE
One of the best practices in starting a small recruiting agency is to for the startup to focus on what they are good at and
stay in a niche.
This applies to both expertise and business model.
Business Model: There are recruiting agencies that only place their candidates on a direct
hire employment/full-time basi
s, agencies that place candidates on a contract part-time/temporary basis, and those that do both. Focusing on one of these might be a good place to start. The company can decide to expand to
both services later.
Expertise/Niche: A recruiting startup will most likely be more successful if they work
within a niche
with high demand. It is best to begin by focusing on a niche with employers that are having a difficult time "finding highly
This is because companies in this type of niche will be more willing to pay the demanded recruiting fee.
There are a lot of recruiting agencies. It
research the recruiting agencies
in whatever city the startup will be in. This will help determine
it is a saturated market in that city.
It is also best to start a recruiting agency in a city that is not
overflowing with them
Regardless of where the recruiting agency will be in, it helps to know what they are doing right and
what they are failing at
. This way, a new recruiting agency can capitalize on what others have failed to get right.
Knowing how much other recruiting agencies in the same city charge can also help in
setting up a rate.