Talent Corner Franchise FAQs:
A: It’s a Zero Entry Barrier Business. Our Franchisee Model is a ‘Plug & Play’ way to start your own business. The business is divided into 3 Parts: Admin, Operations (Recruitment/Client Servicing) and Business Development. These responsibilities are shared between Talent Corner and our Franchisee Partners.
- Admin: All Admin Work such as Contracts, Tax Related Documentation, Invoice and Payment follow-up which are not really Profit Making Investments of your time will be handled by the Head Office.
- Business Development: This is one of the most critical factors. We understand this and hence the Head Office is responsible for getting you enough work to execute.
- Operations (Recruitment & Client Servicing): This is the heart of our business. Revenues come from this source. Therefore, we would require you to only concentrate on this aspect of the business. This is completely your responsibility.
A: Yes! We have 6 days Comprehensive Online Training Program, Comprising Full operations & basic to admin. 3 Days Operation Training & remaining 3 days will be Practice Sessions by Team Leader. Both these training will make you fully ready to get into action.
A: No. This is included in your Franchisee Fee.
A: Yes, you will be having a Team Leader at the Head Office who will interact with you on a weekly basis and will guide/assist you in the challenges you face.
A: You can expect a minimum of 4-7 Positions in a month. If you show us good capability in handling more work, we will be happy to share more work with you. In short, the more you work, the more we share with you.
A: We Do not have a Limit. However, you need to show us the results.
A: No we don’t. It does not make sense to have internal competition. Also, this makes you more responsible to complete a particular job. However, these positions are not exclusive only to Talent Corner, there may be some other consultants too. But we believe competition gets the best out of us.
A: A growing company needs to train its team regularly. Hence, we have created a Learning Centre exclusively for our Franchise Partners.
A: Yes, just inform the Head Office and we will schedule a training for you.
A: Allocation of requirements is directly under our Managing Director. He ensures that each one gets an opportunity to work on different positions from different industries. Once we understand your forte, we will focus more on that.
A: Yes, you can. You can do it yourself or hire someone but the responsibility of paying their salary and getting them to perform will be yours. We can help you train them.
A: No. We will give you the same number of requirements.
A: No you can bring business from anywhere in India.
A: We will provide you requirements from following categories:
- Mid-Level – 65% of the total requirements – Annual CTC of between Rs. 5 Lakhs – Rs. 10 Lakhs)
- Senior Level – 25% of the total requirements – Annual CTC above Rs. 10 Lakhs
- Junior Level – 10% of the total requirements – Annual CTC between Rs. 3.0 Lakhs – Rs. 5 Lakhs
In the initial period we will share with you Junior Level Requirements which are easier to close. Once we see you building up confidence, you can expect a lot more Mid-Level Requirements. Remember, we would prefer you being capable of handling Mid-Level Requirements as soon as possible because that is where we get a majority of our work.
A: These requirements can be from anywhere in India. However, a majority of the requirements come from cities like Mumbai, Delhi, Pune, Gurgaon, Bangalore and Chennai. We are now seeing a lot of work coming from Tier-2 cities. Over the next few years, we expect this to grow.
A: Yes. We will definitely make an effort. After all the purpose of Franchising is to spread across. However, we need to keep in mind that the work coming should be profitable.
A: There is no exclusive territory for anyone. Similarly, you are not restricted to work from a specific territory. In case you need move your residence, you can relocate without any hesitance and work from anywhere.
A: All industries except from BPO/KPO and Freshers. If a Franchisee wants to work on any of these, they are free to do so.
A: It is only sensible, not to be dependent on one industry. The more diverse work you do, the more benefits you will reap.
A: We will help you. Our job is to support you from time to time.
A: Keeping you idle is a loss to us.
A: We charge 8.33% of the Gross Annual CTC of the Candidate. This is payable to us within 30 days of the candidate joining. Please keep in mind there are delays in payments sometime from the client’s end.
A: Preferably not. However, it is sometimes beneficial for you to work at lower rates because you do not have too much overhead costs. Choice is yours.
A: Let us assume that you have placed a candidate at Rs. 6,00,000 p.a. The service fee will be Rs. 49,980 and the invoice amount with taxes will be Rs. 56,977. The client will pay us after deducting TDS at 10%, so we get Rs. 51,279. Your share is 75% of Service Fee, which comes up to Rs. 37,485. Out of this 2% TDS is deducted. Therefore, you will get Rs. 36,735. For the balance, Rs. 750 you will be getting a TDS Certificate.
A: Payments are expected from clients 30 days after the candidates join. But we would like you to note that sometimes clients delay this payment for 10-15 days. This is beyond our control and we do not like to pull a fight with our client.
A: 75% is Franchise Partner’s share and 25% charge as royalty fees.
A: Within 7 days of us receiving the payment. Preferably we try and do it the same day as it is credited to our account. It is your money and its best when it is with you.
A: Total Investment: Rs 3.56 Lakh Approx. One-time (Lifetime) Franchise Fees: Rs. 2,25,000 + GST – Rs. 40,500 (18%GST) + Annual Portal Subscription.
A: Franchisee fee needs to be paid up front.
A: We will give you 2 best Portals: Naukri and Shine. To know more, please contact to your Franchise Developer. As of now every job seeker (Fresher & Experienced) has a professional account on LinkedIn, so we also take benefit and it helps us in headhunting for mid and senior level positions. So we will also provide you training on that aspect as well.
A: Space, computer, internet, telephone, your time and your effort.
A: That is something that you need to decide for yourself. This is not a salaried job, so there are no promises.
A: Anywhere from 1 day 1 to 3 months. Remember this is a Business. You will take time to understand it and you must not hurry up.
A: Space, computer, internet, telephone, your time and your effort.
A: Anytime between 8-9 months.
A: No. Nothing at this moment of time.
A: We prefer you to be fully involved. However, if you have a good ability to delegate and manage people, feel free to hire someone. But remember salaries are supposed to be borne by you.
A: We will provide email IDs and will issue them Appointment Letters signed by Talent Corner’s Managing Director: Mr. Rashesh Doshi and Franchise Partner as Branch Head.
A: Yes. Remember, the more positions you close, the more profit we make.
A: You need to operate from one place at one-time.
A: Yes you are welcome. We couldn’t be happier if you do.
A: We have already started tapping the Dubai and Sri Lanka Market.
A: Giving up is not a Talent Corner culture. However, if it is not giving you the desired results after putting in considerable efforts, you can choose to do so. After all every effort you make needs to result into profits.
A: You need to operate from one place at one-time.
A: We have a growth chart which will be shared after you finish the first 3 years.
A: Yes you are welcome. We couldn’t be happier if you do.
A: Giving up is not a Talent Corner culture. However, if it is not giving you the desired results after putting in considerable efforts, you can choose to do so. After all every effort you make needs to result into profits.
A: We have already started tapping the Dubai and Sri Lanka Market.
A: You need to operate from one place at one-time.
A: You need to deposit Rs. 1,18,000/- in our bank account, and for the balance, you can give us a Demand Draft / Cheque / Fund Transfer when we start the Franchisee.
A: We never refer to you as a Franchise. For the World, you are our Branch Head.
