If you are on the lookout for a new business to establish in Hong Kong, why not consider putting up an employment agency, particularly a domestic helper agency. The potential of a business like this is big especially now that the demand for housemaids in HK is high. Should you feel interested in getting into this type of business, here are some of the things to consider:
Take a look at your budget. No business can be established without a capital. There will be a need to buy some equipment and materials, and employ people who will make up your staff.
Check on the competitors' pricing for you to get some idea on how you should set your own rating system. Your price should be competitive enough to attract both clients and applicants.
Find out what legal documents you need to process. One of the obligations that will be required by the law from you is to obtain all the necessary permits and licenses. You'll have to know where to get these documents, how and what you should present for the processing.
Decide where your office site will be. Would you rent a space or is it your preference to situate it in your home. Some business owners chose their homes to become their business base. This is to save both time and money on their part. Whatever your choice will be, you have to make sure that your place can easily be accessed by your applicants.
Have a phone installed in your office. As much as possible, it should only be dedicated for the business, so avoid using it for personal use. Some clients and applicants may want to call. For this reason, that phone line should be kept open for them, as much as possible. Installing an answering machine, voice mail system or diverting calls to your personal phone promises a more efficient service.
Establish your marketing strategy. You can hire marketers or post announcements on different classified ads offline and online to get clients. You can also tell your employees that they will be given a reward for each referral that they make.
It will be quite important to keep the business alive by continuously receiving job orders. When there are more clients, the merrier. It means you will have more jobs to give to your applicants and better income is in store for your business as well.
How To Start Employment Agency
In addition, in the United States, Canada, Mexico, England, Australia and New Zealand, the number one cause for divorce is job-related financial problems.
Using an employment agency to find the right job for your skills and salary requirements can make your career search much easier and faster.
All employee agencies are not created equal. As in every field of business, some are very good and some have a low success rate. When making your decision about which employment agency is best for you, consider these five points:
1. How long has the employment agency been in business?
Agencies that have been in existence for five or more years have usually established a good reputation for success with both employers who seek qualified applicants, and for clients who register with the agency to aid in their job search.
2. Does the agency's prospective employers coincide your skill level?
If you're seeking a position as an executive administrative assistant in a large company but don't have the necessary skills for this high-level job, the agency should inform you of this problem right away and refer you to another employment agency with a prospectus of employers more suitable for your skills.
3. How did you find the employment agency?
In a matter as important as your career and financial stability, picking up the telephone book and picking an agency at random isn't a good idea. Word of mouth is an excellent way to choose an agency; ask friends, current co-workers or anyone else you know if they have used a particular agency with good results.
Primarily, audition the employment agency! Since your career depends upon the qualifications and procedures of the agency, you have the right to ask questions such as their percentage success rate and an honest appraisal of how an agency can best help you.
4. What's your first impression of the agency personnel?
Jobs seem more scarce these days, and there is more competition for some specialty areas. When you first meet with the personnel manager assigned to you, pay attention to his/her demeanor towards you - are you viewed as just another case file, or does your manager take a serious interest in your job search?
5 Ask specific questions about the employment agency's policies.
Before you register with an agency, ask about how many interviews you can expect per week, and exactly how the agency intends to advocate for you in your job search.
If you don't like what you hear or see about the agency, don't settle for less! Keep looking until the "feel" of the agency is right for you.
Both Alice Sy & Paul Easton are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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