The Philippines is a popular destination for starting your staffing & recruitment agency. There are several reasons to support this statement. Good business infrastructure, low- cost talent, government incentives for foreign investors, and not to mention, western-influence on consumer behavior.
Whether you are aspiring for a career in the recruitment industry or starting a recruitment agency, there is a lot to think about. If you belong to the latter category, this blog will provide all the information you need.
How to Start a Manpower Agency Business in the Philippines
Here are basic steps for setting up your recruitment agency in the Philippines:
Step 1: Determine Your Niche
To start with, you need to decide what kind of recruitment you wish to run. You could offer retail-business staffing solutions, IT staffer, or providing sales and marketing talent.
It will give your business the right direction to progress. You must carefully examine the various hiring challenges in different industries before you take the final call.
Step 2: Evaluate the Costs
Unlike many other startup ideas, the cost of setting up a recruitment company doesn’t have to be expensive. Most entrepreneurs launch their recruitment agency from home or a small office in a shared space.
Other costs that you need to think about are in-house staff, corporate insurance, computers, accounting software and other day-to-day general expenses.
There are plenty of options for business funding with banks and independent financial institutions such as TBOS and Boomerang Funding, both specialise for finding recruitment agencies.
Step 3: Research Laws and Regulations
You must consult your legal consultant not only to guide you with registering a business name in the Philippines but also provide you with valuable information & advice on regulations & laws to deter any legal hassles.
The latest regulation for the recruitment agencies is the GDPR regulation, which is focused on data protection.
Step 4: Set Up Your Business Goals
A successful recruitment company counts not only vast staffing experience and their massive candidate databases, but also having clear business goals is imperative.
Create a comprehensive yet flexible business model for your recruitment agency. You must set up both short & long-term goals for inspiring your recruiters to go that extra mile in meeting your business goals.
For example, one business goal can be to increase conversions by 10% in the next six months. Maybe, you want to expand your services in the next quarter.
Step 5: Build Marketing Plans
Once you’ve created a brand logo and image that meet your brand’s style, the first impression matters a lot. Once the look has been set up, next up is to draft a well-structured marketing plan and match it well with each process with tools & skills to employ.
You’ve to reach out to a broader audience base, which involves creating a strong network of candidates & organizations over Linkedin. By picking the right channel for brand marketing, half of the battle is already won.
Some Powerful Tactics for Linkedin Marketing:-
- Create a Strong Company Profile That Appeals Genuine & Authoritative
- Post Actionable Content.
- Search for Individuals, and Expand Your Network.
- Join and Be Active on Groups, Or Even Start Your Own Group.
- Make Use of inMail, Which is Integral to Linkedin Marketing Strategy.
- Use the Paid Linkedin Sales Solutions
- When working on your marketing strategy, be sure to purchase LinkedIn followers to give yourself a head start.
Step 6: Invest in Tech Tools
Recruitment agencies worldwide are enormously benefited by many technological tools. So, you too need to invest in the right tool, and this will help you save a great deal of money & time.
One such commonly used software could be a proper applicant tracking system to monitor job applications. You can use it to automatically collect all the relevant profiles from LinkedIn, and keep them organized.
If you need proper guidance on setting up your recruitment and staff company in the Philippines, then you must reach out to a credible local business consultant to help you out with the entire process. They can save you both time and money.
If you need proper guidance on setting up your recruitment and staff company in the Philippines, then you must reach out to a credible recruitment agency in Philippines to help you out with the entire process. They can save you both time and money.