Recruitment consultancy
Discussion
Have the thought to start a new consultancy (yes, another one..) recruiting individuals working in the construction industry (site engineers / site managers / PM's / G-Ops / drivers etc). Construction is my background via degree, training and trade so it's a natural starting point for such a business. My specific area of profession would be in the surveying arena - both in practice and knowledge of specialist surveying equipment - a secondary idea would be to become a certified distributor of surveying equipment where my 'recruitees' (sic) could then use said equipment to perform their job.
Interested in hearing about those who've started their own recruitment consultancy - your salary, success, failure etc. Is it a goer? Seems like money for old rope. .
Interested in hearing about those who've started their own recruitment consultancy - your salary, success, failure etc. Is it a goer? Seems like money for old rope. .
i've never liked recruitment.
A product or service cannot change its mine, a candidate or client can. By selling a product or service you reduce your risk by 50% as only the customer can change their mind.
In saying that though, I know a few contacts who have made decent cash in this game. Finance O&G and IT being the sectors they smashed it in
A product or service cannot change its mine, a candidate or client can. By selling a product or service you reduce your risk by 50% as only the customer can change their mind.
In saying that though, I know a few contacts who have made decent cash in this game. Finance O&G and IT being the sectors they smashed it in
From friends of mine in that industry it does seem money for old rope and no real barriers to entry. Most of them seem to have set up by themselves after 10 years or so learning the ropes and none of them have failed; from the outside it does seem that the marketplace seems to never get overly crowded despite these new entrants springing up which is at odds with other businesses I know of.
Surely you need to do a few years in a recruitment business first though to learn the ropes? Or will you essentially just bank roll this idea and get in more qualified employees to set it up and run it?
Surely you need to do a few years in a recruitment business first though to learn the ropes? Or will you essentially just bank roll this idea and get in more qualified employees to set it up and run it?
A good friend is in this field. He recruits top end project management and similar for - in the main - housing constructions and deals with £70k+ type roles; careful search and selection rather than mass recruitment but don't need many appointments to make a very decent commission income.
Trouble is that this is becoming increasingly difficult.
He's mostly an unpaid salary negotiator. He'll find candidates, screen them, prep them and send them to the interview. One will be offered a job and that person will then get offered a better salary and package to stay put with their current employer.
I think he does OK but it is a very tough area.
Happy to connect you if you wish.
Trouble is that this is becoming increasingly difficult.
He's mostly an unpaid salary negotiator. He'll find candidates, screen them, prep them and send them to the interview. One will be offered a job and that person will then get offered a better salary and package to stay put with their current employer.
I think he does OK but it is a very tough area.
Happy to connect you if you wish.
I won't say to much, but yes my employer is in the recruitment game. We focus on the broader property market, there are a few specialists solely dealing in construction though.
A lot of the time it is about having the right contacts, knowing the right candidates or knowing where to go - like it or not that takes a lot of time. The marketing side is very important though and something many recruiters ironically are terrible at.
I have spent just under a year completely going through our website to make it far more competitive than it should be (one of our competitors I definitely respect as the marketing guy is good (but they are far larger and should be further ahead), and the other now has gone from 0 marketing to 3 in the team, if I am honest I rate probably only one of the team honestly).
Biggest issue for construction is actually new blood coming into the market though (I have written a number of blogs on this area). Brexit is another issue for that industry.
The bit above about buy back is very frustrating for some of the team here. It requires far more dedication than many realise, however being on some PSL's does have a slight benefit.
A lot of the time it is about having the right contacts, knowing the right candidates or knowing where to go - like it or not that takes a lot of time. The marketing side is very important though and something many recruiters ironically are terrible at.
I have spent just under a year completely going through our website to make it far more competitive than it should be (one of our competitors I definitely respect as the marketing guy is good (but they are far larger and should be further ahead), and the other now has gone from 0 marketing to 3 in the team, if I am honest I rate probably only one of the team honestly).
Biggest issue for construction is actually new blood coming into the market though (I have written a number of blogs on this area). Brexit is another issue for that industry.
The bit above about buy back is very frustrating for some of the team here. It requires far more dedication than many realise, however being on some PSL's does have a slight benefit.
Edited by Ninja59 on Friday 12th January 14:23
StairDominator said:
Have the thought to start a new consultancy (yes, another one..) recruiting individuals working in the construction industry (site engineers / site managers / PM's / G-Ops / drivers etc). Construction is my background via degree, training and trade so it's a natural starting point for such a business. My specific area of profession would be in the surveying arena - both in practice and knowledge of specialist surveying equipment - a secondary idea would be to become a certified distributor of surveying equipment where my 'recruitees' (sic) could then use said equipment to perform their job.
Interested in hearing about those who've started their own recruitment consultancy - your salary, success, failure etc. Is it a goer? Seems like money for old rope. .
Thinking it’s ‘money for old rope’ is a terrible way to start. I owned and ran my agency for 23 years before selling. It’s very rewarding if you’re good at it but very hard work and trust me not everyone can make a success of recruitment.Interested in hearing about those who've started their own recruitment consultancy - your salary, success, failure etc. Is it a goer? Seems like money for old rope. .
I would say that you need experience in the business and contacts in your area of recruitment. Most recruitment start ups fail - they probably thought it was ‘money for old rope’.
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