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[Free Template] Recruitment Agency Business Plan Assignment PDF

   

Added on  2021-04-21

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Running head: BUSINESS PLAN FOR RECRUITMENT AGENCYBUSINESS PLAN FOR RECRUITMENT AGENCYName of the Student:Name of the University:Author Note:
[Free Template] Recruitment Agency Business Plan Assignment PDF_1

1BUSINESS PLAN FOR RECRUITMENT AGENCYPreliminary operational plan:Number of new applicants has to be increased since the sales has to be increased by theend of the year.10 recruitment personnel have to be given individual targets which will also incorporatework load for new opportunities.There has to be an extensive report on individual performance.There has to be an extensive market survey to find out what are the skills the personnelare lacking.Since there is a new office, the firm is tight on budget. The firm has to be very carefulabout spending money on resources. To issue market survey, firm will have to hire newpersonnel adept in assessing the state of the market.Firm has two offices in Australia, one in Melbourne and the other in Adelaide.Firm has working capital that already has been invested in the business.The firm has 5 sales executives and 10 recruitment personnel. Firm has to locate where new jobs are opening and keep track of the other recruitmentagencies’ strategies adopted to get new applicants.The recruitment firm needs to make new contacts with new firms.To conduct the consultation process, there will be individual face-to-face meeting andgroup meeting with each and every personnel and stakeholders of the company. Therewill be separate meetings with the Board of Directors, most of which will be ad hoc.The operational plan will be discussed with the owners of the company and each memberof the board of directors.
[Free Template] Recruitment Agency Business Plan Assignment PDF_2

2BUSINESS PLAN FOR RECRUITMENT AGENCYThere has to be an individual feedback report taken from every individual involved withthe activities of the firm. The feedback report should include some key aspects that willchiefly address the issues regarding performance.There will be proposal for training sessions with the old personnel. The training modulewill involve discussions on performance and way of improving performance.1. Key Performance Indicators (KPI) to measure organizational performance:The speed with which pre-screening of the applications are being done.To correctly identify where the best candidates are coming from.To correctly identify the number of applications actually getting the job. It isimportant to evaluate the ratio of people actually qualified for the jobs to numberapplying for the same.The ratio of phone screening to the next level screening, i.e. speaking to thecandidates face to face.2. Two contingency plans for those who fail to meet KPIs:As regards to the operational plan, there will be target set for each candidate.Failing to meet the target will be met with penalty in the form of salary deductionsaccording to the proportion of the loss of sales revenue that this will be causing (Sheehan,2014).Individuals failing to meet KPIs will have to be called up by the internalmanagement and they will be answerable for their failure to meet KPIs. The individualswill be assessed according to the gravity of the problem. If there is lack of abilitydetected, they will be replaced by new hiring.3. Business Proposal:
[Free Template] Recruitment Agency Business Plan Assignment PDF_3

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