Business services Feb, 21 2014

Soaring returns in staffing solutions

The human resource industry in India is pegged to be around Rs 22,800 crore, according to a report by Executive Recruiters Association and Ernst & Young. India is fast becoming a hub for trained and talented professionals. If you desire to be part of this

By Ekta Sharma Verma, TFW Bureau
Sr. Sub-editor
Soaring returns in staffing solutions

The recruitment industry is seeing a paradigm shift. Now, clients need specialist recruitment partner to help them find the best people for specific roles. There is a soaring requirement of specialised recruitment business wherein the experienced corporate professionals as recruitment business owners can help employers to source outstanding candidates from the global talent pool. Via franchising the recruitment industry in India is growing by leaps and bounds. The industry is surely helping franchisees make big bucks.

Driving factors

The Indian recruitment industry is driven by a number of factors including the growth of large conglomerates entering into new business domains and entry of cosmopolitan companies in the Indian markets. MSA consultancy services was established in the year 1989 in Pune. Ever since, MSA has grown in the field of recruitment and resource consulting/ staffing solutions for a broad range of ‘Blue chip' organisations and industry types ranging from media,  banking ,finance , NBFCs, softwares, information technology , construction, real estate, entertainment, telecommunications and many other sectors. Gaurav Arora, Chairman and Director, MSA HR consultants India Pvt. Ltd says: “Over the last 23 years, MSA has made over one thousand clients in India and continues to provide them its best services. What drive this Industry are customer relationship, operational excellence and timely deliveries. On the other hand Antal International entered the Indian market in late 2006 and it filled nearly 600 business critical vacancies in 2012. The brand supports the fact that today clients need specialist recruitment partner to help them find the best people for specific roles. For Tamil Nadu-based Venpa Staffing, endless demands of new and specific skill personal requirement is driving the recruitment Industry.

Preferred Country

The human resource industry in India is pegged to be around Rs 22,800 crore, according to a report by Executive Recruiters Association and Ernst & young. India is fast becoming a hub for trained and talented professionals. Most of the recruitment companies believe that India has a very high potential in terms of hiring activity. In the next 5 – 10 years a lot many countries and major corporate will be investing in India, and therefore with all the investments coming in, the preferred choice is definitely India. India definitely has a clear path defined for new industries and existing expansion. With the augmentation in employment opportunities, even franchisees will look forward to invest in the recruitment biz.

USP

Venpa Staffing Services is lead by a team of professionals offers best recruitment services in all verticals with over a decade of experience in the HR Industry. The brand carries immense pride in being a brand that has no security deposit, no franchisee fee and has low set up and operating cost. MSA consultants, a 24 year young organisation recruits and trains at all levels across all sectors in over 14 countries. Antal International’s biggest USP is that Antal International recruitment business comes with comprehensive induction training for 2.5 weeks along with access to nearly 20 years of IP (intellectual property), total transparency and access to all of the global clients– around 60,000 records and a network of colleagues and peers who proactively share clients, candidates and fees.

Potential in hiring activity in 2014

With lots of franchisees looking forward to spend in the recruitment industry, the market is surely showing a green signal for a dazzling future. According to Rajkumar, Managing Director, Venpa Staffing: “Recruitment has 75 per cent share (Manpower) when compared with any organisation in the nation. There is no specific parameter for hiring potential.  There is no company today which says we don’t require any Manpower / profession.” On the other hand, Joseph Devasia, Managing Partner, Antal International Network India, affirmed: “Antal Global Snapshot, a quarterly Hiring Outlook Survey, provides an in depth view on hiring across a wide range of geographic markets and industry segments. The survey found that the percentage of companies currently hiring in India stands at 38 per cent, a 2 per cent drop year-on-year and down on predictions made in June 2013. However, the level of companies shedding staff has also fallen, decreasing by half. This indicates a more measured approach to recruitment from Indian businesses, as organisations look to develop the managerial and professional talent they already have on their books. The outlook is set to improve as the number of organisations planning on hiring in the next quarter is set to rise to 39 per cent, hopefully indicating a return to optimism from Indian business.”

Arora of MSA Consultants being optimistic says: “We expect 2014 to be a good year since a lot of pending projects are likely to open. The slowdown in the Indian market seems to be coming to an end. However, markets will hit normalcy not before July 2014.”

Training and support

Right from IT, PR, finance, PR, operations to marketing, every brand promises to give exceptional support to its franchisees. Venpa staffing calls itself a process oriented company as it involves itself from planning to revenue generation with the franchisee. MSA Consultants provide a continuous, round the clock operational support till the franchisee exists. Antal International supports its franchisees centrally from its London office. The brand also supports its franchisees with its award winning PR material on a global basis.

Expansion plans

MSA Consultants targets Bangalore, Chennai, Delhi/ NCR, Kolkata and Indore for the year 2014. For Antal International target will be tier II cities for pan-India expansion. The brand looks forward to open at least 20 new Antal offices in India this year. Venpa Staffing is also planning huge expansion and is inviting enquiries from length and breadth of the nation.

Going the Rural way

AISECT, which is India’s leading skill based education services and e-governance network is proving opportunities via its portal RojgarMantra.com. AISECT started franchising in 1995 and launched its portal in April, 2012 so as to offer job opportunities in the organised and unorganised sectors to people in semi urban and rural India. This interactive job portal was launched owing to AISECT's extensive experience of 29 years of interacting with the job seekers and employers across the country as well as its in-depth knowledge of skill requirements of the rural economy. The portal is currently focusing on the states of Madhya Pradesh, Chhattisgarh, Maharashtra, Uttar Pradesh, Jharkhand, Bihar, Rajasthan, Orissa, Gujarat and Punjab.

Currently there are over 4 lakh job seekers and around 350 employers associated with the portal and as a result 'Rojgar Mantra' is poised to be India’s biggest rural job placement initiative.

Let’s know more about the Industry

  • The Indian market for IT products and services is expected to consolidate the growth it achieved in 2010 and increase from $19.7 billion in 2010 to $41.2 billion by 2015. 
  • Telecom and Real Estate seem to be struggling to hold on to talent, while consumer led businesses show a lot of promise on the hiring front. Overall 2014 does seem to be more promising than 2013.
  • The EU represents the largest regional market within the global recruitment industry, with North America representing the second-largest region.
  • Placement consultants handle almost 60 -70% of the Indian recruitment market.

Franchise facts:

Brand Area Investment RoI Breakeven Current franchise centers
MSA 300 sq ft - - - Pune- COCO, Mumbai- FOFO, Ahmedabad-FOFO, Hyderabad- FOFO.
Antal 300 sq ft Rs 12 lakh 250-300 % 9-10 per month 37 Franchises in 11 cities
Venpa 350 sq ft Rs 3-4 lakh - 3 months 7

Related: Stumbling blocks in cartridge refilling

Click Here to add Comment
Please add your Comment
Rating
Sell Business 2016
Sell Franchise 2016
Daily Newsletter

Submit your email address to receive the latest updates on news & host of opportunities.

Most Section




Entrepreneur The Franchising World Retailer 2016




BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Franchise India Holdings Ltd

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.

X

Tell us what you think!