Starting a recruitment business can be a rewarding and lucrative venture. It involves matching qualified candidates with open positions within companies. The process typically begins with a company reaching out to a recruitment agency to fill a specific role. The agency then sources candidates, screens them, and presents the most suitable ones to the company for consideration.
There are many benefits to starting a recruitment business. First, the industry is growing rapidly. As companies increasingly outsource their recruitment needs, the demand for recruitment agencies is on the rise. Second, recruitment businesses can be very profitable. Agencies typically charge a fee to companies for each successful placement they make. This fee can range from 10% to 30% of the candidate’s annual salary.