Business Plan On HR Consultancy

Senior Admin em Institute of Management Sciences
10 de May de 2017

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Business Plan On HR Consultancy

  2.  To provide effective and efficient services through reliable human resources , technical, consultative enterprising with Human resources management to Public and privet sectors organizations .  We contribute to the City’s success by investing in continuous learning and best practices in the field of HRM. Mission Statement VISSION: We see ourselves as the edge of advance HR practices to making a real difference in the success of our people
  3. PRO-GROWTH is a human resource consulting company located in DENS Trade Center Peshawar Cant. PRO-GROWTH has expertise in a wide range of HR areas and is targeting the different Government, non-government, semi- government organizations. PRO-GROWTH will offer this market the ability to compensate client's employees with stock options from their company.  PRO-GROWTH will provide the services like Outsourcing of class 4 employees, recruitment and selection , tanning and development , Employee and labor relations ,Performance appraisal ,Conflict resolution and Learning and development, leadership and team building.  Management should be controlled by the owners and hired supporting staff like office boy , technical staff like computer operator  As it is partnership business and the owners their self providing fund required 3,00000 three lack Pakistani Rupees as for start up funding. COMPANY INTRODUCTION:
  4.  CR0: Company Registration Office  ƒSECP: Securities & Exchange Commission of Pakistan  COMPANY REGISTRATION OFFICE,  1st Floor, State Life Building,  The Mall, Peshawar Cantt.  Phone: 091-9213178, Fax 091-9213178  email: REGISTRATION AND LEGAL DOCUMENTATIONS FOR PRO- GROWTH
  5. OUR TEAM OF PROFESSIONALS We have well-skilled, well motivated, well informed high performing employees, proud to work for the City of Peshawar Managing Director •Trainer and Consultant •Supervisors •Communication and Design Officer SUPPORTING TEAM •Computer Operator •Office Boy/Assistant
  6. PRO-GROWTH MANAGEMENT : •Our management should be controlled by the owners of the company •As our company is based on partnership business, the partners are the owners and management team too •Other supporting staff like computer operator and other technical staffs should be hired as company permanent employees on the bases of salaries
  7. FUTURE HRM PLAN: In addition, we will access to over different specialist academicians, and practicing professionals who have extensive experience in various fields of international development, and general management.
  8. PRO-GROWTH Provide human resource consulting for the following service areas: • Outsourcing • Recruitment and selection • Employee and labor relations • JOB PERFORMANCE EVALUATION • Conflict resolution • Training and development • Development of HR policies • Conducting HR Audits. • Conducting interviews SERVICES
  9.  The pricing structure will either be an hourly rate or a per project fee. These options will be settled on in negotiation with the client. PRICING: PLACEMENT: In the initial start-up we should take Government, semi Government and Non Government Organizations in Peshawar
  10. Network development:  Though by different friends working in different organization Customer Inspiration:  By sending monthly Postcard , calendars, weekly newsletter , gift bag  Free seminars for professions, providing sponsorships in different programs Print Media:  Newspapers , Sunday magazines Social media:  Face book, Linked-in, twitter, Google+ ( By creating pages of our organization ) PROMOTION:
  11.  PRO-GROWTH is providing its customers with a wide selection of HR consultancy . The market need is professional HR services for start-up companies and also already functioning organizations with flexible payment options, recognizing the precarious nature of a start-up. PRO-GROWTH seeks to fulfill the following benefits that are important to their customers:  Selection: A wide range of HR services are offered.  Accessibility: PRO-GROWTH is able to offer these services to companies throughout Peshawar.  Customer service: PRO-GROWTH recognizes the fact that outstanding customer service is needed to survive in today's competitive business environment.  Competitive pricing: PRO-GROWTH's rates are competitive relative to the other service providers in the area Market Needs
  12. The market trend in professional services, particularly HR is to outsource the services. The advantage of outsourcing is the reduction in the need for upfront capital, a scarce resource. Additionally, outsourcing services allows a smaller company to enjoy the same level of service that at one time was only available to larger companies. The outsourced service industry effectively allows smaller companies to more easily compete with larger companies that have a larger resource base. Market Trends
  13. The following SWOT analysis captures key strengths and weaknesses within the company, and describes the opportunities and threats facing PRO-GROWTH. Strengths  Strong relationships within the Non-government Organization in KPK.  No direct competitor  Owners direct link with many NGOs and other educational institutes . Weaknesses  Lack of brand awareness due to the newness of the company.  A limited marketing budget to develop visibility. . SWOT Analysis
  14. Opportunities  Growing market with a significant percentage of the market still unaware of PRO-GROWTH.  The possibility to cash in on client's success.  The ability to get cutting edge experience by helping start-up companies transform themselves into established companies.  The market trend toward outsourcing. Threats  A change in the legal environment that creates increased legal liability for outsourced HR companies.  Introducing of new competitors to the market
  15. Marketing Expense Budget Marketing Expense Budget 2016 2017 2018 Networking $1,560 $1,700 $2,000 Advertising $850 $1,500 $2,000 Other $600 $600 $600 ------------ ------------ ------------ Total Sales and Marketing Expenses $3,010 $3,800 $4,600 Percent of Sales 5.18% 3.46% 3.55%
  16. As stated earlier, the marketing and sales will be done primarily through networking. This means the bulk of leads will have been developed through a personal/professional relationships that owners have developed either in his previous professional work. Sales Forecast
  17. Sales Forecast 2016 2017 2018 Sales Non-Government Organizations $41,500 $78,455 $92,541 Government Organizations $16,600 $31,382 $37,016 Total Sales $58,100 $109,837 $129,557 Direct Cost of Sales 2016 2017 2018 Non-Government Organizations $2,075 $3,923 $4,627 Government Organizations $830 $1,569 $1,851 Subtotal Direct Cost of Sales $2,905 $5,492 $6,478 Sales Forecast
  18. FINANCIAL PLAN: Our Financial Plan is based on conservative estimates and assumptions. We will do Initial investment to make financial work, but the owners prepared to contribute that funding . Obtaining initial capitalization of the company to sustain operations through year one. Maintaining low overhead cost through the use of low rent based office and developing a strong customer base on aggressive marketing
  19. START-UP REQUIREMENTS Start-up Expenses Legal $1,000 Stationery/ Office Equipments etc. $150 TOTAL START-UP EXPENSES $1,150 Start-up Assets Cash Required $10,050 Long-term Assets $4,800 TOTAL ASSETS $14,850 Total Requirements $16,000
  20. Personnel Plan The owners will work full time for Pro-Growth. owners will have developed more work than they will be able to manage the organization and they will hire an additional HR consultant to help them out. The employee will receive a straight salary. This employee will be given HR projects and will do the research and sometimes present the findings to the client, other times will allow The owners to present to the client.
  21. PERSONNEL PLAN YEAR 1 YEAR 2 YEAR 3 Owner $24,000 $24,000 $24,000 Full time employee $24,500 $42,000 $42,000 TOTAL PEOPLE 2 2 2 Total Payroll $48,500 $66,000 $66,000
  22. GENERALASSUMPTIONS YEAR 1 YEAR 2 YEAR 3 Plan Month 1 2 3 Current Interest Rate 10.00% 10.00% 10.00% Long-term Interest Rate 10.00% 10.00% 10.00% Tax Rate 30.00% 30.00% 30.00% Other 0 0 0
  23. Break-even Analysis The Break-even Analysis is shown below
  24. BREAK-EVEN ANALYSIS Monthly Revenue Break-even $5,766 Assumptions: Average Percent Variable Cost 5% Estimated Monthly Fixed Cost $5,478
  25. YEAR 1 YEAR 2 YEAR 3 Assets Cash $2,385 $16,830 $44,387 TOTAL CURRENT ASSETS $2,385 $16,830 $44,387 Long-term Assets Long-term Assets $4,800 $4,800 $4,800 Accumulated Depreciation $960 $1,920 $2,880 TOTAL LONG-TERM ASSETS $3,840 $2,880 $1,920 TOTALASSETS $6,225 $19,710 $46,307 Liabilities and Capital Year 1 Year 2 Year 3 Current Liabilities Accounts Payable $1,915 $2,461 $3,004 SUBTOTAL CURRENT LIABILITIES $1,915 $2,461 $3,004 TOTAL LIABILITIES $1,915 $2,461 $3,004 Paid-in Capital $16,000 $16,000 $16,000 Retained Earnings ($1,150) ($11,690) $1,250 Earnings ($10,540) $12,940 $26,054 TOTAL CAPITAL $4,310 $17,250 $43,303 TOTAL LIABILITIES AND CAPITAL $6,225 $19,710 $46,307 Projected Balance Sheet
  26. FUTURE PLAN FOR PRO-GROWTH: PRO-GROWTH will Provide human resource consulting for the following service areas:  Online Training and development  Research Diagnostic Services and Knowledge Management  Enterprise development and Financial Management  Safety and health training  HR software training  HR Software Solutions
  27. WHY WE SELECT CONSULTANCY BUSINESS  What is Consulting The attracted video explain what is consulting and why it is best for ?