Today at our learning center we are talking about How to Start a HR Consultancy in India.Human resource commonly known as HR is the most valued asset of a company. They are like blood in the human body, as in human body blood performs the function of supplying nutrients, same way Human resource of a company gives it life. Acquiring a good quality people is the main priority of any business organization. An organization spends a huge amount of money in acquiring good quality and quantity of people to work for it.
HR departments perform the function of overseeing employee policies and procedure design, employee recruitment, training and development and performance appraisal. An organization uses both internal and external sources to recruit people to their organization. Nowadays organization uses recruitment agencies or HR consultancy more for the recruitment of human resource.
AS HR consultancy’s primary task is to create a talent pool of candidates and match them with the employment needs of a company or industry.The prospects for starting a recruitment agency in India is bright and growing, as India has a population of 1.27 billion people and business, startup, Funding and various scheme for business that has been introduced by Indian Government have enabled more companies to start and effectively conduct their operations in India and more youngsters will have chance to a better employment prospects.
In this article we will tell you about the important steps that you need to take in order to open you HR consultancy in India:
How to Start HR Consultancy in India
Below we are listing some key Factors that you need to pay attention to start Hr Consultancy In India:
Acquire All business tools
To start a HR Consultancy you must first acquire all business tools like rubber stamps , letterhead , visiting card ,office space, internet, business plan, come up with a business name and get it Trademarked, Source for clients and prepare a sales pitch to attract client, Get Account on popular job portal like monster , shine,naukri, and linkedin or Get resume database from database company, and you also need to hire supporting and skilled staff for Hr Consultancy and spend money for marketing Hr Consultancy which can be online or offline medium.
Get a Current account and required ID proof/address proof.
PAN Card and the Current account is the basic requirement of any business in India. Having a separate account in name of business always help in conducting accounting very easy.The current account allows you to spend more than you have in your account. Pan Card, driving license, adhar card and voter id etc is required as proof of id in every legal formality in India.
Getting the Business and GST Registration
After you have taken care of all the above formalities, next step in opening an HR consultancy In India is to get your firm registered on MCA(ministry of corporate affairs) or you can also opt SSI and MSME Registration. In India you can start an HR Consultancy as a sole proprietorship, Partnership, Private limited and as an LLP(Limited Liability Partnership) and OPC(One Person Company).GST Registration is mandatory for all firms in India so you should also get GST Registration for you Hr consultancy under GST Act as soon as your turnover exceeds Rs. 20 Lakhs per annum.
ESI and MEA Registration
ESIC is an autonomous corporation under Ministry of Labour and Employment, Government of India.ESIC oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries, and hospitals throughout India.In case the recruitment agency hires candidates for its role, ESI registration may also be mandatory.If the Recruitment Agency is going to be involved in recruiting Indian citizens for Foreign employment, then the business must be registered with the Ministry of External Affairs as a Recruiting Agent. The application can be submitted to the concerned office of the Ministry of External Affairs in the prescribed format along with fees and supporting documents.
Help Needed Regarding Starting HR Consultancy In India
I hope this article is informative enough to answer all your questions regarding how to start an Hr consultancy in India, If still you feel you require further information or you want a help of an expert in areas like Company registration, GST Registration, Partnership Registration and Trademark Registrations. You can always count on MYONLINECA #1 legal service provider company in India to help you successfully start your Hr consultancy anywhere In India.