Recruitment Consultancy

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Main ne to pakad liya Aapne ...

Transcript of Recruitment Consultancy

Main ne to pakad liya

Aapne ...

www.JOBchor.com

– is a concept that empowers the agency and says that we will help prospects to look for

their job.

To actually “Grab” for a job is a common expression, and we want to send the message

that this business will do the task for them.

VISIONTo provide employment to all who seek. Believing that there is a job out there for everyone, end unemployment and fulfil the dream of the first relevant job.

MISSIONTo Provide work placement to all college students and people looking for opportunities in a new market.

-(ve) IMPACTS

Unemployment and poverty goes side by side.

Young unemployed people find the wrong way to earn money.

To get rid from the unemployment stress, they accept alcohol / drugs.

Unemployed youths accepts suicide as the last option of their life

Lower economic growth

Increase rate in Crimes. As the unemployed youth start doing robbery, murder etc.

Health issues i.e it affects mentally as well as physically.

Problems caused due to unemployment

OPPORTUNITYMarket The human resource industry in India is pegged to be around Rs.22,800 Crore. - Ernst & Young.

GrowthCAGR of 21% between 2008 and 2011.

Emerging Sectors IT, then ITeS, Telecom, Retail, Banking, and now it is Consumer Goods, Education and Health Care.

THE Profit Margin

"The sky's the limit" - Rita Zoller

JOB Market• India is youngest countries in the world with 20% of the population in 2011.• Among the BRICS economies, India has the second highest unemployment rate

after South Africa.• In 2013, the unemployment rate in India was estimated to be 8.8%.• 30 million workers in India are constantly on the move (migrant labor). • 25.94 million women workforce added in the labor market @year. - National Sample Survey Organization (NSSO)• Universities boast 100,000 graduates @year. • High schools graduate about 14 million @year.

• 93% of India’s workforce include the self employed and employed in unorganized sector. - As per the Economic Survey 2007-08

• 80% of informal workers got less than the then national minimum wage of $1.46 @day.

• Percentage of Unskilled Workers (skilled vs. unskilled) is 36%.• Aged between 15 and 64, will rise by 125m.

NICHE

Fresh out of the University professionals & unskilled labours.

Due to the lack of experience in the actual business world the prospect will settle for a lower wage than a mature professional, in exchange for training and

development.

Besides the saving on the salary paid to young professionals, companies can also benefit from the fact that they can model and train these new members to their own standards and norms while they grow in knowledge and productivity.

green OFFICEWHYglobal warming and the changes in the climate, resulting into earthquakes, frequent floods and vanishing of certain species and animals. Need of the hour is to reduce our carbon footprint.

HOWUsing environmentally conscious practices into my work flow;

1. Printing Less Stuff = Using Less Paper2. Go Digital with Documents3. Pull that Plug4. Get Waste Wise5. Work With Like-Minded Companies6. One Word: Freecycle7. Institute a Company Recycling Program for Electronics8. Slow the Flow of Junk Mail9. Build Your Office Green from the Floor Up10. Educate Yourself

USPJOBchor Recruitment’s Unique Selling Point is the Low Cost/high quality

service.

The quality of job prospects is proven by the fact that all of them are finishing a high level education and are ready to put their skills to practice.

The low cost can be shown in two different ways: Since the prospects are relatively inexperienced & unskilled, they will settle for a lower salary in

exchange for experience. Also, the instalments payment plan will provide the company with more time to turn the employee into profit.

For the prospects, the fact that JOBchor recruitment work with companies that understand their profile and are willing to give them the opportunity to grow in experience, will represent peace of mind when looking for a job

and going to interviews.

FREE for job seekers.

SWOT Analysis...

STRENGTHKnowledgeable and results driven management with a strong approach to a challenging market.

No cost to prospect, low cost to company.

Easy accessible technology to help with the process.

Company will hire qualified and train staff to the highest of the standards.

WEAKNESSHigh cost of trained and qualified

professionals to work in the agency.

High cost of promotional material to attract first pool of customers.

Location can be far to some of the prospects to travel to. Not a

central location.

…OPPORTUNITY

Market in need of a more focused approach.

High unemployment rate can mean more prospects and more quality professional to offer to companies.

No competition’s focus on the same market niche.

Since prospects are still inexperienced in the market, companies will be able to offer a lower pay rate and train them according to the company’s culture.

THREAT

High rate of business closures can reflect in a lower in opening

positions available in companies.

The easy access of internet for different sources of job

opportunities, including competitors’ websites and

governmental entities.

PESTEL Analysis…

• High usage of internet among prospects.

• Growth of advertisement in social networks and other internet tools.

• Speed of data transfer and capacity of data storage.

• Real Time Communication

Environmental• Energy cost and consumption.• Waste disposal - Recycling.• Environmental regulations.

Legal• Employment Laws.• Advertisement and competition

laws.• Health and Safety Law.• Mobile phone and Driving policies.• Taxation.

Technological

…Political • Immigration Act 1983.• Government of India directives

to Employment Agencies.• Registration with Service Tax

Dept. and Employer State Insurance (ESI) Corporation / Provident Fund.

• City and County enterprise boards.

• Registration with Ministry of Overseas Indian Affairs.

• Indian Economy.• Global Recession. • Unemployment rate at 8.8%.

• Inclination towards the internet information.

• High use of social networks among targeted market.

• Change in demographics.• Emigration to find better work

opportunities.

Economical

Social

Marketing Strategies FOR COMPANIES

Product The companies will have a high level of trained prospects to choose from selected by JOBchor Recruitment to their appreciation.

PlaceJOBchor Recruitment will visit the companies in their own environment for a more personalised service, but always having its doors opened to clients.

Price The Price penetration strategy will be put in place, until the brand is established in the market. A low cost/high quality service will be provided.

Another strategy use is instalment payments, where companies will pay a very low flat rate for use of service, then, if employee hired stays in the job, the company will pay the remaining of the balance in a few instalments until the fee is all paid.

Promotion JOBchor will mainly use the internet as a promotional medium. Personal sales calls will solidify the relationship between the companies.

Marketing Strategies FOR PROSPECT

ProductA differentiated service directing the prospects towards companies that understand their profile and are willing to work with them. Consulting and direction towards the right goal will be part of the company’s products as well.

PlaceDifferent places of approach will be applied:Direct Sale: The actual office located in Dubai and Delhi.Internet: The website will contain all the necessary tools for the prospect to register, display their skills and apply for jobsOutdoor Sale: The Recruitment agents will do weekly sales calls to universities, colleges, student unions and other facilities.

Promotion JOBchor Recruitment will use the internet as a main medium of advertisement. Leaflets in strategic places and radio advertisement also applied initially. In the future, magazines and Television will be considered.

PriceNo charge to prospects.

Website Development

www.jobchor.com is a crucial part of success

For JOB PROSPECTS – A place of interaction with the agency and job search, have a place for personal information and CV entry, as well as an interactive chat with the agency. This tool will put the agency in a geographic advantage to competitors and attract more clients due to the easiness of the process.

For COMPANY – A place of interaction with the agency as well as interface with potential job applicants.

For AGENCY – The portal will interact with both prospects and companies’ portals and provide a cross reference of both clients’ needs and searches.

The website will have strong connection with Facebook, LinkedIn and Twitter.

The creation and development of the website will be provided by an independent company, who will provide data storage and technical support to the website.

Strategies to Grow Revenue

The goal of JOBchor Recruitment is to have a large portfolio of companies and a large potential workers list.

High volume of personal sales calls and visits to companies. The higher the volume of clients, the higher the sales and profit.

Have always a vast number of job seekers to offer straight away to companies. Decreasing the sale cycle time helps the agency’s credibility and giver timer to

work on other projects.

Be always attentive to the market and focusing on new companies to provide the recruitment services. New companies always need a higher volume of personnel.

Bundle offer: Giving incentives to companies that request a high volume of employees.

the TEAM

Mentor

CEO

PRABAL K. SENProfessor-Economics Area

Chairperson, Entrepreneurship Development Centre (EDC)XLRI: Xavier School of Management

SAJID MATINDubai based xBanker, Serial Entrepreneur, Alig

& Xler with +15 Years of global exposure.

www.JOBchor.comSajid Matin Trading Co.

Al Abrar Travels LLC.Leather Emporium Ltd.

Golden Shalimar Restaurant LLC.

Consultant Mrs. BarkhaDU, New Delhi

Consultant Ms. AshrafUniversity of Edinburgh, UK

Consultant Dr. NasreenAMU, Aligarh

External AdvisorsThe essential services will be outsourced

IT – A company will be hired to install computers, link the network and manage the interface and data storage.

Website Developers – Will develop / maintain the website and host it.

Accountant / Payroll – To ensure that the agency’s set up and yearly tax assessments are correct and according to the laws and regulations.

Legal– To assist in legal matter and consult the agency to insure it is following the law.

Marketing - To provide the marketing foundation to develop the company and gain market share.

A marketing company should bring:Creativity – to develop, improve and expose our brand.

Innovation – to brand and business.Focus – on target market

Relationship – between the agency and media sources.

Legal Aspects Agencies will have to enter into binding contracts with their client and job seekers.

Registered with Service Tax Department, Ministry of Overseas Indian Affairs and Employer State Insurance (ESI) Corporation / Provident Fund.

The recruitment agencies to be started-off as a Company (i.e., Private Limited Company / One Person Company / Limited Company) or as a Limited Liability Partnership.

In addition, services provided to Foreign Diplomatic Mission / Consular Post, services to UN Agencies, export of services, are exempt from paying service tax.

The application for becoming a Recruiting Agent must be submitted with supporting documents, Demand Draft for a fee of Rs.25,000 and a Bank Guarantee of Rs.20 lakhs. Only those agents registered with the Ministry of Overseas Indian Affairs can recruit Indian Citizens for employment abroad as per The Emigration Act, 1983.

Taxable under the service tax regimen at the rate of 12.36%.

Financials

START-UP BUDGET Cash Needed to Start% of Total

Yearly Costs in INR / Rupees

Salary of owner-manager 4,50000.00 14.5%

All other salaries and wages 5,22500.00 16.9%

Rent 2,00000.00 6.5%

Advertising and Marketing 1,40000.00 4.5%

Travel Expenses 70000.00 2.3%

Supplies 30000.00 1.0%

Telephone 40000.00 1.3%

Other utilities 26000.00 0.8%

Insurance 27500.00 0.9%

Maintenance 20000.00 0.6%

Taxes, including social security 42500.00 1.4%

Legal and other professional fees 1,60000.00 5.2%

Miscellaneous 50000.00 1.6%

Subtotal 17,78500.00 57.4%

Fixed / One-Time Costs Fund Needed to Start% of Total

Fixtures and Furniture 3,50000 11.3%Decorating and remodelling 2,35000 7.6%Installation charges 50000 1.6%Computer and Technology 3,35000 10.8%Deposits with public utilities 40000 1.3%Legal and other professional fees 80000 2.6%Licenses and permits 20000 0.6%Advertising and promotion for opening 1,60000 5.2%Cash 30000 1.0%Other 20000 0.6% Subtotal 13,20000 42.6%

Grand Total 30,98500 100%

Breakeven Analysis0 10

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NET UNITS (000)

COST

-VO

LUM

E-PR

OFI

T

RS 40000

RS 35000

RS 30000

RS 25000

RS 20000

RS 15000

RS 10000

RS 5000

RS 0

The Agency will reach the breakeven point at about 83 contracts signed in a month.

contact NOW…

91.9471.434538 / 971.50.1763269

https://www.jobchor.com [email protected]

sajid.matin