In mainstream economic theories, the supply of labor is the total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate. It is frequently represented graphically by a labor supply curve, which shows hypothetical wage rates plotted vertically and the amount of labor that an individual or group of individuals is willing to supply at that wage rate plotted horizontally.
Contract labor companies provide all types of labor at the best possible rates and at the right time. Employers can find any number of employees with just a single call to a contract labor company. To start a contract labor company, you will need to have good organizational, planning, and communication skills. You will also need to understand client requirements and deadlines and meet these requirements at the lowest possible rates.
If you want to start labor supply company, the following details have to pursue.
1. proposal about your intention towards CLC.
3. labor licence from CLC.
4. PF registration from PF office.
5. ESI registration job. or medical insurance.
6. and other things that you have done in coming years in respective contract.
7. PAN Card number
these are the inevitable things that you have to done before starting the labor supply
STATUTORY COMPLIANCE MOST RELEVANT
- Labor Welfare Fund ACT
- The Profession Tax ACT
- The Contract Labor (R&A) ACT, 1970
- The Maternity Benefit ACT, 1961
- The (National & Festival Holidays) ACT, 1963
- The Minimum Wages ACT, 1948
- The Payment of Wages ACT, 1936
- The Employees Provident Fund ACT, 1952
- The Employees State Insurance ACT, 1948
- The Contract Labor (R&A) ACT, 1970
- The Payment of Bonus ACT, 1965
- Shops & Establishment Act
With the country’s abundant supply of job seekers, starting a manpower business could very well spell profit
If you want to try a business with huge potential, then the Manpower Agency business is for you. The service you will be marketing is the skill and labor of our workforce of which there is more than an abundant supply in our country.
Note, however, that the kind of workers needed is rapidly changing. Now more and more of the job orders abroad are for those with professional training like nurses, engineers, and teachers. Lower wage countries like India are taking over more of our traditional markets for low cost labor.
There are basically two kinds of manpower agency with regards to the registration requirements. One is for the local and the other is for the international market. To make it clearer I list the respective requirements separately.
For Manpower Agencies that will cater abroad:
1. Register your business name with the Department of Trade and Industry (DTI) for single proprietor or with the Securities and Exchange Commission (SEC) for corporations or partnerships.
2. Get a barangay clearance and then proceed to the Municipal or City hall to get your business permit.
3. Register with the Bureau of Internal Revenue and get your TIN, Certificate of Registration, and authority to print receipts.
4. Apply for license with the Philippine Overseas Employment Agency (POEA). Some of the critical requirements here are:
a. At least 75 percent of the company must be owned and controlled by Filipino citizens.
b. Proof of substantial capital and/or investment.
c. Proof of marketing capability as supported by the following:
- Duly executed Special Power of Attorney and / or duly concluded Recruitment Agreement authenticated by the Philippine Embassy nearest the prospective employer;
- Manpower request or visa certification from new employers for not less than 100 workers duly verified by the Philippine Overseas Labor Office nearest the job site;
- Certification from the POEA Pre-Employment Services Office
d. Proof of possession by the single proprietor, partners, the company President or the Chief Executive Officer, as the case may be, of a Bachelor’s Degree and three years of business experience.
e. NBI clearance issued not earlier than 6 months prior to filing of application and clearance from the POEA Anti-illegal Recruitment Branch of the proprietor, partners or members of the Board of Directors, as the case may be, officers and employees who will be involved in recruitment and placement activities. Foreign directors or partners shall submit clearance from their country of origin in lieu of the NBI clearance.
f. At least a 100 square meter size office as evidenced by a contract of lease or proof of building ownership.
g. Proof of publication in a newspaper of general circulation on the notice of the application with the name of the proprietor, partners, incorporators and officers.
h. Attendance of Pre-licensing seminar conducted by the POEA.
i. Payment of filing and license fee.
For Manpower Agencies for the domestic market only:
Follow the steps in numbers 1 to 3. You no longer need to get a license from the POEA. Here’s the other requirements that must be submitted:
- Submit a duly accomplished and notarized application form with undertaking (2) copies at the Department of Labor and Employement (DOLE).
- Contract of Lease for two (2) years or Owner’s Certificate / Title of Office Location.
- Updated NBI Clearance of the partners in the case of partnership or all the officers and members of the Board of Directors in the case of corporation.
- Organization structure and list of all officers and personnel with their respective bio-data and ID pictures and detailed description of duties and responsibilities.
- Sworn statement of assets and liabilities or duly audited financial statement, as the case may be.
- Proof of payment of surety bond (valid for 2 years).
- Payment of fees: Filing fee, license fee, cash bond.
Note that the rules may change especially for those who want to deploy abroad. It is advisable to always check on the POEA website before proceeding.
For those who wish to go into this business, unless you already have sure clients abroad, I advise that you first try the local market before you invest the substantial amount needed to put up a manpower agency for foreign placement.
Instructions Details
Step 1
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Gain experience as a contractor by working in any field related to the construction industry. Identify federal, state, city, and county contractor requirements. Learn skills such as construction methods, blueprint reading, supervising, bidding, and negotiating contracts. This experience will help you operate a successful contract labor company.
Step 2
Devise a business plan. Include your mission and vision statements, startup and operating expenses, projected revenues for three years, funding sources, and marketing plan and pricing strategy. Identify competitors in your locality and assess your funding requirements. Establishing a contract labor company usually involves huge startup expenses.
Step 3
Decide on the legal structure, such as corporation or limited liability company. Analyze the benefits of all structures and choose one that suits your requirements. Obtain advice from an attorney if you are unable to choose between structures. Select a domain name and register your business with your state's secretary of state.
Step 4
Choose a suitable warehouse to store your leftover materials, including wood, equipment, and vehicles. The space should also have an administrative office. Choose the location based on the size of your equipment and vehicles.
Step 5
Purchase or rent the equipment and machinery. Renting equipment can save you some money in the short term. Inspect all your equipment and machinery at regular intervals. Learn to operate all the machinery and equipment.
Step 6
Obtain the necessary education, training, and experience to receive a business license to operate in your locality. Check with federal, state, city, and county departments to obtain the necessary permits.
Step 7
Hire skilled contractors as well as subcontractors, including plumbers, electricians, architects, masons, and landscapers. Make sure that they have their own licenses and a clean background.
Step 8
Obtain liability insurance that covers your equipment, machinery, and warehouse. Obtain worker's compensation insurance.
Step 9
Market your business by joining the local chamber of commerce and other local associations in the construction or human labor industry. Place ads in journals, newspapers, and the yellow pages.
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