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Research Outline
Prepared for erik M. | Delivered September 28, 2019
Small Recruiting Agency - Best Practices
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Goals
The best practices for starting a small recruiting agency .
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Early Findings
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
sought-after candidates."
This is because companies in this type of niche will be more willing to pay the demanded recruiting fee.
ASSESS COMPETITION
There are a lot of recruiting agencies. It
i
s
b
e
s
t
practice to
research the recruiting agencies
in whatever city the startup will be in. This will help determine
w
h
e
t
h
e
r
o
r
n
o
t
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.
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