Innovative Business Opportunities for Recruiters!

Innovative new Revenue Models for Recruiting Firms

Currently revenue generation models in Recruiting are very limited in India. Staffing, Placement & Head hunting are the only income for more than 95% of the recruiting firms in India.

Why not try some of the following revenue options. Few of these Opportunities are not currently being practiced & which could turn to be very potential:

Recruiter Branding: Handling HR and Recruitment Branding assignment for clients.

Job Branding: Branding Jobs is currently unheard of in Indian market. In most of the Companies, Requirement of people for a particular Job is perennial. They sure need to brand this Job to ensure maximum interest shown by Candidates. In fact, just writing a proper Job description will yield in very good response and a firm can thrive on it.

Interview Management: Many times due to improper management of Interview and Candidates attending the Interview, there is a ill feeling among Candidates & at times even among the Interviewers. Interview Management requires high quality professionals. Like DJ’s for events, Interviews also needs IJ’s (Interview Jockeys) who will ensure satisfaction among all stake holders. And this will enhance Brand image of the company and reduce Offer rejection to a certain extent.

Campus Recruitment: I don’t think I have to explain much about it!

Response Management: Corporate houses receive resume through multiple sources and have a whole warehouse of Resume (I mean electronic warehouse). If you could help them manage these responses and help in putting these resume into a structured database, you have a very potential revenue opportunity. Again, Response management for advertisements, events in ‘on demand’ model will also prove to be profitable.

Written test Management: Today, most of the companies recruiting entry and junior staff ask them to take up written test. If you are able to manage this, you are in for Good revenue.

Recruitment Process Outsourcing: RPO seems to be the next big thing after BPO. So start planning your RPO & grab this opportunity. RPO helps you receive constant revenue through out the year.

Turnkey Recruiting: Again, this is a good opportunity. Rather than sticking on at 8.33% or above per candidate, look at the assignment with a different perspective. See how much it will cost to handle a turnkey assignment, buffer it with your profit margin & get going. At times, I have seen that a flat Rs. 2 lakh contract for hiring 40 people proved to be much more cheaper than doing a single placement at 8.33%

There are many more opportunities. Pl let me know if you are having a different revenue opportunity which is not given here.

My day Ruined!

Few days back, I had a very urgent opening for the position of Team Leader. As usual, I went around posting my Jobs on Jobsites. And the response was huge. Around 100 applications chocked my inbox. I went through every resume & found 10 profiles suitable for the requirement. I decided to shortlist the best 5.

All the ten were actually good. Eventually I short listed the better 5 among them.
And sent interview calls to the candidates.

One person told he was not able to make it. I received confirmation from others. Well, surely for the kind of shortlisting I had done, one of these will get through.

I arranged the technical round of Interview with the technical head. He was specific that he wants at least 3 persons to choose from… I informed to him that we have called 4 persons & all of them have emailed the confirmation.

On the interview date, I was a bit jittery… I any of these guys don’t turn up, my job is at stake.
After some time couple of Candidates had turned up for interview. I was hoping the others will turn up soon.

I called the reception and asked the names of the Candidates “Rajesh Reddy & Anirudh Malhotra” replied the receptionist.

I opened up inbox to check who have not turned up…

1. Rajesh Puli
2. Anirudh A Malhotra
3. Prakash Mathur
4. P Rajesh Reddy

I decided to call the candidates & called Prakash Mathur. He informed he was not able to make it. I thought, still if the other candidate turns up, I will be saved

I checked the confirmation emails from Rajesh Puli & found a single sentence which ruined by day… “Once again, I confirm attendance – Regards, Rajesh Puli Reddy”

- Duplication check has ruined another recruiters day. How many of our have been ruined till date.

- PS: As usual this is a Story… with an underlying fact!

Recruiter Aptitude Test

We have created this interesting aptitude test for Recruiters. Recruiter Aptitude Test is a generic aptitude test for Recruiters. Though, created with Recruiters across the Globe in mind, the test may have a Indian tilt.

Click on the Image above to take up the test

Start up City - 2009, Bangalore - Lots of HR exhibitors!

Start up City at Bangalore

Start up City 2009 has some very interesting exhibitors. I have listed a set of HR and Recruitment Products and Services. If you are at Bangalore in 6-June-09, don’t miss this event. Sanjeev Bikhchandani, Founder & CEO of Naukri.com is addressing the event.

RecruitPro
Intuitive, Interactive & Social Web 2.0 Recruitment Software

Job-a-Fair
Is a pioneer of futuristic multipurpose job portals that seek to effectively meet the complex demand and supply of human resources to industry verticals and also serve as networking platform

Sharma Infotech
Offers varied solutions like ecommerce, job boards, customer relationship management, content management systems, social networking, real estate management and customized web solutions.

Jobs mill
Jobsmill.com is a free placement site for job seekers where they can place their resumes and search for job vacancies that suit there requirements the best. The employers can post vacancies as well search for resumes.

Grey Tip
Greytip Software is a focused HR & Payroll software solutions company.

iVirtual
iVirtual is a video based, virtual interview program that transforms the way Employers, Recruiters and Job Seekers interact.
Hope to meet you at the Event. Pl leave a Comment below if you are planning to visit Startup City.

Shankar
RecruitPro