16 Human Resource Related Business Ideas You Can Start Today

Do you have experience or a passion in human resources and wondering what business can I start with a human resources degree?

The good news is there are several HR business ideas you can focus on and earn a decent income. From recruiting consultancy to a payroll specialist to employee training, the list is endless.

We put together a list of 16 HR entrepreneur ideas you can start today:

1. Start a recruiting agency

The global online recruitment market size was $29B in 2019 and is projected to reach $43B by 2027.

The best way to assess the success of a Recruiting Agency is to review what their clients say about them and the results achieved for those clients.

As a recruiter, you dream of landing your first client, but once you do, you realize it’s only the start of what you hope will be a successful business. Have you ever wondered how to start a recruiting agency business? There’s so much you can learn from books, but nothing beats getting real-world experience.

2. Create an online course

Online course businesses are one of the fastest-growing online business models. Creating an online course is an awesome way to generate extra income because it allows you to monetize the knowledge you already have. More people are taking online courses every day, and the COVID pandemic has accelerated that, with some online learning platforms having seen 15-fold growth in the number of users.

Another advantage is that these new platforms are so easy to use for instructors that you don't have to worry at all about the tech side of the business. You just need to focus on creating exciting content that is informational & engaging at the same time.

Starting an online course allows you to eliminate some of the huge costs associated with setting up a physical training facility, and it's a great way to reach as many people as possible.

3. Start a training software

Online learning software makes it easy for institutions to deliver course content to learners. The learners can be students, employees, or even business people who want to learn a new skill.

Starting an eLearning software can be a profitable investment. Industry experts project that the e-learning market will double in the next few years.

Your business can provide content, create supporting technology, and administer e-learning courses.

4. Start a human resource recruitment agency

A recruitment agency is a company that finds people looking for candidates and matches them with job vacancies on behalf of the employer.

When a company enlists the services of a recruitment agency, it pays the recruiting consultancy a fee to cover the initial search for candidates. Recruitment agencies have become popular because of their potential to access the best job-seekers and because they save companies time, helping them fill positions faster.

To start a recruitment agency, choose an area of expertise, create a recruitment agency where job seekers can submit their CVs and advertise or market your services to companies.

5. Start a payroll business

The global HR payroll software market is expected to grow at 11.2% CAGR to reach $15.37 Billion. The growing workforce and the current trends in the job market led to increased demand for payroll systems.

To start a payroll system, identify a growing field and understand its practice. Then, start making connections with those you know need the payroll system. Establish the system, set new clients and service rates, and create a standard agreement for clients.

6. Start a virtual human resources consulting business

Virtual HR consultancy is the practice of delivering all aspects of human resource management as an external provider. The areas include human capital strategy, compensation & benefits, organizational change, and others.

To start your virtual HR consultancy business, find a niche and determine whether the consultancy will provide general or specialized HR services. Then, find the target market and determine the legal structure before launching your operations.

7. Start a resume writing service

Resumes and cover letters have become an integral part of the hiring process. Besides, job marketing is getting tight and more people are looking for employment. If you have a good resume and cover letter writing skills, you can capitalize on your knowledge and earn good money. You can offer both a personal consultation service and create paid downloadable templates to create different revenue streams.

8. Start an employee training business

Companies use different methods and programs to train and develop employees, hoping to boost their performance. A training program also helps build an employee’s confidence by providing a better understanding of the industry and the responsibilities of his role.

To attain this goal, companies hire trainers from private practice.

Starting an employee training and development program can be a great business opportunity for experts and professionals in different sectors like safety, security, cyber security training, etc. To start the employee training business, choose a niche, and develop the training curriculum and a training approach. Popular training methods include computer-based training and on-site and off-site lectures.

9. Start a career coaching business

A career coach is an experienced professional who helps people adjust and improve their career paths through one-on-one guidance and advice. The career coach guides people on:

• Goal-setting
• Resume building
• Interview practices
• Overcoming career anxiety
• Starting a business.

To become a career coach, decide the industry you want to serve, and earn relevant qualifications. It would help if you gain professional experience in that career line and develop the skills you need to run the business. Earning a professional certification will help you in attracting clients.

10. Write an ebook

An ebook is a digital book that can be read on a computer, tablet, or other electronic devices. Writing an ebook is a great way to communicate your message to the world. You can share your expertise and help people learn while doing something that you love.

Ebooks are a great way to build your personal brand, establish yourself as an expert in your field, and gain a following. It's also a great way to make money! This form of publishing allows you to publish your work for the world to see without having to go through a publisher.

You can make money by selling ebooks on platforms like Amazon and Apple Books.

11. Develop an online survey tool

Online survey tools are a great way for businesses to gather customer feedback. They offer a convenient and cost-effective way to collect data from large groups of people. This service offers a variety of features, including a survey builder, a data collection tool, and a reporting system.

If you are interested in starting a business that helps businesses to gather customer feedback, then starting an online survey tool could be a great option for you. This business is growing in popularity as more businesses are using online surveys to collect data.

Typeform is a popular online survey tool that allows you to ask customers questions and get their feedback on the product. This can be used for many different purposes such as improving services or developing new products. Typeform told TechCrunch on the occasion of today’s funding announcement that its annual recurring revenue surpassed $70 million in 2021 after tripling over the preceding three years.

Building an online survey tool is a good business idea because there is a lot of demand for data collection. Businesses need to know more about their customers in order to be able to make better decisions.

12. Start a health and safety training business

The health and safety business focuses on creating a safe workplace by instituting measures to prevent accidents and ensure employees' general wellness.

Health and safety professionals work with businesses to implement an employee health and safety program, ensuring compliance with the regulatory laws.

The U.S Bureau of Labor Statistics reports that the demand for safety professionals will grow by over 11% in the coming decade. The statistics show a mushrooming demand for health and safety experts. In that regard, starting a health and safety business can be profitable.

13. Start a team-building consulting business

All organizations aim to achieve the best results possible. Two crucial factors affecting employee productivity in any organization are employee input and coordination. Team building activities help employees develop better coordination.

Therefore, companies hire team-building specialists to help their employees foster better coordination. Team building companies organize retreats and corporate training services to provide employees with memorable and impactful team-building experiences.

If you are interested in starting a business within the human resource industry, a team-building company can be a profitable business idea. Identify potential companies within your area and advertise your business.

14. Become a labor relations consultancy

Labor relations consultant mediates employment contracts and disputes between employees and their companies. As a labor relations consultant, your role is to advise management on labor policies and inform employees of available labor union resources. Labor relations consultants also investigate grievances regarding potentially unfair labor practices.

To become a labor relations consultant, you must have experience in human resources, economics, management, labor laws, and strong negotiation and collaboration skills.

15. Become a labor & employment lawyer

Labor and employment lawyers represent employers and employees in disputes and negotiations. The professionals focus on industries with labor unions and specialized rules and regulations.

Employers/employees may want to consult a labor lawyer if they are threatened with a lawsuit based on mistreatment, unlawful overtime, discrimination, e.tc.

to become a labor lawyer, you must complete law school training and specialize in industrial / labor law. After the training course, you must work under an advocate to gain the skills and experience to serve independently.

16. Become an occupational psychologist

Occupational psychologists study how people behave at work to increase their productivity, job satisfaction, and overall effectiveness.

As an occupational psychologist, you will apply psychological knowledge, theory, and practice to workplace issues such as change and culture and individual and team problems. You aim to improve the effectiveness of the organization and employee job satisfaction by focusing on employee performance, behavior, health, and wellbeing.

To become an occupational psychologist, you must have at least a master’s degree in psychology or industrial organizational psychology.

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