HR Business Plan

Executive Summary

Our staffing agency, which is involved in the provision of Temporary and Contractual Employees is based in Oregon, focusing on two important regions; regions being Portland and Bend. They are important areas for us on the basis of their technological expertise and the frequency of emergent high tech organizations, which are expected to be of key value in the upcoming period in time. The strategy is based upon differentiation in rendering services and cost leadership in selection of employees. These strategies lay the foundations of the feasibility of the organization in view of the financial plan they help shaping.

HR Business Plan

Business Description

The Staffing Agency, more commonly known as Headhunters are typically involved in rendering employment services. The services could either be provided to the employers or it may be to help those who are seeking employment. This however may differ from company to company and is usually defined by their objectives. Our Staffing Agency would be a smaller firm, more hands-on, devoid of multiple levels of management and would follow proactive approaches. We would focus upon the firms seeking human resource and provide them with required assistance. Our major chunk of service would revolve around the provision of temporary and contractual employees.

The geographic area we would focus especially is the city of Portland and Bend; thus our staffing organization would pre-dominantly be based in the city of Portland in US state of Oregon. The reason behind setting up our firm in Oregon is the fact highlighted by a recent survey showing that a greater number of businesses are starting up in Oregon; particularly in Bend depicting that the entrepreneurial spirit in the city as on its all-time high. Oregon employment is expected to grow by 18% (Johnson, pp. 947). There lies huge potential with successful companies being sprouting up every now and then, prompting the need and broader scope for ESF's and Staffing agencies in the state under consideration.

The existing staffing market represents an employment of around 134,056 employees by the Oregon Staffing Association (OSA) each year which is a member of American Staffing Association (ASA). These employees comprise of temporary and contract bound employees. ASA estimates and represents the staffing industry of worth $61 billion. Members of the Association accounts for around 85% of the US industry associated sales. The figures presented are significant enough to gauge existing staffing market and the impact they posits.

This market with significant talent pool whose placement cannot be guaranteed in this era of recession and rising unemployment can be best catered working as Temporary and Contract Staffing Firm. The rationale of the decision is that the labor market flexibility accounts for innovation and job creation, while giving head start to the employee who might get confirmed in future because of the performance delivered.

Market Analysis

After the end of recession in 2009, it was the Staffing industry that created most new jobs compared to any other industry. US Bureau of Labor Statistics recorded a growth of 91% in ...