Starting a Recruitment Agency in Canada
To start a recruitment agency in Canada, you need to get a license from the Employment Standards Branch. Create a business plan detailing your services, target clients, and financial projections. Have sufficient operating capital, secure office space and equipment, develop online presence, and market your services. Connect with employers seeking personnel and candidates looking for work. Charge clients a percentage of hired candidates’ salaries, typically 15-25%. Ensure compliance with regulations. Offer streamlined, cost-effective services tailored to client needs.
Business Planning for Staffing Company
By carrying out thorough research on the staffing industry in Ontario, you will be better equipped to start a successful staffing agency and make a lasting impact in the job market. When starting a staffing agency, creating a comprehensive business plan is essential. A well-defined business plan helps you set clear goals and strategies for your agency, covering Financial Planning, Operational Strategy, and Marketing and Sales Strategy.
Insurance Requirements for Recruitment Agencies
Employer liability insurance is required by law if your company has employees. It protects your company against claims for injury or illness suffered by employees as a result of their employment.
Recruitment Fees and Licensing
Charge agencies a fee calculated as a percentage of annual salary paid based on the number of candidates placed in your company. The standard recruitment costs tend to range between 15% and 20% of a candidate’s first annual salary. The application for an employment agency license must be submitted with the Employment Standards Branch Office in the province the Canadian company will operate in. Licensing requirements for recruitment agencies in Canada include setting up national or international agencies.
Setting Up a Staffing Agency in Ontario
Follow these simple guidelines for how to start a staffing agency, and you’ll be well positioned for future success. Gain experience, research governmental requirements, develop a niche.
Tax Reduction Strategies for Canadian Companies
A Canadian company can reduce their tax payable by doing activities that earn them tax credits or make use of income tax deductions. The most important step for company registration in Canada is to decide on your company structure.