How To Set Up A Recruitment Agency In Nigeria
- 1 How To Set Up A Recruitment Agency In Nigeria
- 1.1 How To begin A Recruitment Agency Business In Nigeria
- 1.2 Equipment Needed In A Recruitment Agency Business
- 1.3 Recruitment Segments in Nigeria
- 1.4 How to Create Awareness For Your Recruitment Agency Business
- 1.5 Other Amazing Business You Can venture Into Today
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Starting a recruitment agency business in Nigeria is a good business choice, judging by the amount of companies that want to save cost by scrapping out their HRM department.
It’s not only about the cost anyway, but probably because the company don’t know much about the people they wish to employ, foreign companies most especially. This business is about helping companies recruit or employ competent individuals through your resources and getting paid at the end of the day.
Starting a recruitment agency business, otherwise referred to as staffing business is very profitable, judging by the rate of unemployment in Nigeria. With this business, you have tons of options when it comes to recruiting the right individual for a particular company.
This awesome business might also include handling the screening exercise, interviews and all the processes involved as long as recruitment is concerned. This business will warrant that you specialize on a particular niche like the banking industry, food industry etc. for best result.
In this article, I’m going to guide you on how you can start this lucrative recruitment agency business anywhere in the country.
How To begin A Recruitment Agency Business In Nigeria
1. Business Plan
This is the stage when you ask a lot of questions regarding the business like;
- Am I good at networking?
- How much do I know about the human behavior?
- How do I create a good brand?
- How much capital is needed to start this business?
- Who are my competitors?
The more questions you’re able to ask regarding this business, the better you know about the business. A recruitment agency business plan is a must have and if you don’t know how to write one, employ a professional. But make sure that you’re fully engaged in all the processes as the business starter.
2. Choose A Profitable Niche
There are tons of niche that you can dabble in, but not all niche promises the same result. Through your market research, you should be able to pinpoint the industry that has more demand regarding recruitment. Most of the niches might include the banking industry, food industry etc.
Make a thorough research before you settle with any niche cause your success in this business largely depend on that. Some lucrative niches have been made known at the end of this article.
3. Build Your Skills
Work for a recruitment agency business before you start your own. This gives you a first-hand experience in the business and sometimes, becomes an edge you have over competitors who are yet to know the ins and outs of the business.
For example, work for a recruitment agency on banking if you’re planning to delve into the banking niche. By doing so, you gain priceless experience and skills and the tricks needed to be successful.
4. Choose A Business Name
The name and brand of your business is the only tool you have when it comes to connecting to potential clients and customers. You need to choose a name that depict the purpose of the business and a brand that speaks of credibility. If you have not done your homework in this regards, no company will waste time with your agency.
In recruitment agency business, branding is of utmost important since you will be dealing with big companies looking for recruitment agencies. The more professional, credible and serious your business look, the more you will be able to attract them. Once you’ve gotten a niche, proceed to register it with the CAC.
For your recruitment agency business to boom, you need a prime location that is very accessible by both public and private transport. Rent a good and spacious office and make sure it is well furnished with latest accessories, equipment and tools that aid recruitment processes.
You also need a few employees cause definitely, you can’t do this business alone. Having employees also prove to potential clients that your business is serious.
6. Legality In Recruitment Agency Business
There are legal laws guiding the recruitment industry in every state here in Nigeria. It is mandatory that you familiarize yourself with those laws before you commence business. Research employment laws, to know more about the employment process and ethics in your state.
If there are licenses which you must have, get them. This is done to avoid breaking the law and having yourself pay for something that could have been averted.
7. Business Website
There’s no way you can run a recruitment agency business without a website because that is the only medium you might have when it comes to marketing your business and getting connected to job seekers.
Your business website will also be a medium where you receive applicant’s curriculum vitae and having them sort out appropriately. In most cases, it can also be used to conduct online interviews.
Equipment Needed In A Recruitment Agency Business
In your office, there have to be some equipment and tools which aids for smooth recruitment process or screening. In this segment, I’m going to make known some of the equipment you will need when it comes to recruitment agency business in Nigeria.
- An office space with a conference room and a reception space where applicants would be received and interviews would take place.
- A computer
- Testing Software
- Printers, Fax machines and Photocopiers.
- A telephone
- Internet subscription
- A business card
Recruitment Segments in Nigeria
- Police Civil defense
- Nigerian army
- Customer service
- Navy Immigration
- Securities Universities
- Customer Services Telecommunication
- Oil and gas Companies
- Hotel Receptionists
- Office assistance
- Bottling company
- IT companies
How to Create Awareness For Your Recruitment Agency Business
In this business, you don’t need any awareness programs to attract applicants. That’s because they are everywhere and are looking for the slightest opportunity to apply for any vacancy. Your awareness programs are going to be targeted mainly at potential companies that might need your services.
One of the way to get them to give your company the job is to walk right into the company and request to see the manager, then strike a deal.
Apart from that, other ways include running social media marketing, advert placement on some popular blogs and forums.
Starting a recruitment agency business here in Nigeria is a business that will spill a lot of money into your bank account. Although this business is somewhat capital-intensive, especially when it comes to renting an office space and paying your workers, but it is a business that will make you a millionaire if your management is good.
That’s the much we can take on the topic “How To Set Up A Recruitment Agency In Nigeria”.
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