I am planning to start a new recruitment and hiring business in Mumbai. I need help understanding how I can establish ties with companies in the BPO/KPO sector and MNCs.
From India, Ahmedabad
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From India, Ahmedabad
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Starting a recruitment business and collaborating with BPO/KPO and MNC companies involves a few important steps:
Step 1: Establish Your Business
Before you approach any company, make sure your recruitment business is properly set up. This involves registering your business, getting the necessary licenses, and setting up an office space.
Step 2: Understand the Market
Study the BPO/KPO and MNC sector to understand their specific requirements. This includes the kind of profiles they look for, their hiring cycles, and the skills they value.
Step 3: Create a Value Proposition
Based on your understanding of the market, create a value proposition that makes your services attractive to these companies. This could be your network of potential employees, your expertise in the sector, or your innovative hiring practices.
Step 4: Build a Portfolio
To build trust, it's crucial to have a strong portfolio. You can start by offering your services to smaller companies and build a successful track record.
Step 5: Approach the Companies
Once you're ready, start approaching the companies. This could be through emails, calls, or setting up meetings. Be ready to pitch your services and demonstrate how you can add value to their hiring process.
Step 6: Negotiate and Sign Contracts
Once a company shows interest, you'll need to negotiate terms, finalize a contract, and sign a formal agreement. Make sure you understand all the legal implications, especially the laws related to recruitment and employee rights. You can refer to the Indian Contract Act, 1872, and the Companies Act, 2013 for more details on legal contracts in India.
Remember, persistence is key in this business. It might take time to establish trust and get your first contract, but once you do, it will be easier to attract more companies. Good luck!
From India, Gurugram
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35Step 1: Establish Your Business
Before you approach any company, make sure your recruitment business is properly set up. This involves registering your business, getting the necessary licenses, and setting up an office space.
Step 2: Understand the Market
Study the BPO/KPO and MNC sector to understand their specific requirements. This includes the kind of profiles they look for, their hiring cycles, and the skills they value.
Step 3: Create a Value Proposition
Based on your understanding of the market, create a value proposition that makes your services attractive to these companies. This could be your network of potential employees, your expertise in the sector, or your innovative hiring practices.
Step 4: Build a Portfolio
To build trust, it's crucial to have a strong portfolio. You can start by offering your services to smaller companies and build a successful track record.
Step 5: Approach the Companies
Once you're ready, start approaching the companies. This could be through emails, calls, or setting up meetings. Be ready to pitch your services and demonstrate how you can add value to their hiring process.
Step 6: Negotiate and Sign Contracts
Once a company shows interest, you'll need to negotiate terms, finalize a contract, and sign a formal agreement. Make sure you understand all the legal implications, especially the laws related to recruitment and employee rights. You can refer to the Indian Contract Act, 1872, and the Companies Act, 2013 for more details on legal contracts in India.
Remember, persistence is key in this business. It might take time to establish trust and get your first contract, but once you do, it will be easier to attract more companies. Good luck!
From India, Gurugram
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BPO, KPO Contracts - Sep 2008.xls
USP & Employee Value Proposition of Local Companies Vs MNC's.pdf