Please do note that one service is in huge demand. It is not clear if you know the practical application of the ESI Act and the PF Act. There has been a huge amount of computerization of all records. Yet, the administration of these two services, for any subcontractor who supplies goods to major industries like all organizations belonging to the TVS group, the Murugappa Group and so on, will remain complicated. They always hire only part time professionals.
Kindly note that you should know all details of dealing with the Government authorities. In spite of huge computerization, there are still delays in processing of PF claims, transfer to other employers and so on. Since this is a complicated work, not many people like to work in both the areas, that is, PF and the ESI.
If you do not have practical experience, try to join with someone who has tremendous practical experience or go to any small company and learn the ropes. In short, all the complications and the complexities. You should also go to Government offices on behalf of the company and learn everything.
Please do note that the work itself is no joke. Running to the Government offices is huge leg work. But the employers will pay you at least Rs.3000/- per month and also take care of petty cash expenses towards local travel. However, you need to get yourself parked in a huge metro or a B class town like Coimbatore, Mysore, Ahmedabad, Indore and so on. You can get business if you sniff around and then identify those who need these services. The huge retail shops are also covered by both ESI and PF.
Please do note, that as a former HR Professional, with thirty years experience, I can tell you this. You cannot achieve anything with just three years experience. You have not indicated areas where you have had the experience. If it is hard core Industrial Relations, to some extent, small companies may give you some chance to advise. However, please note that you will be nowhere when compared to the giants who are in the field.
All HR consultants who work in the field, are those guys with over twenty years experience in every area of HRM. Like Hard core industrial relations, working with the trade unions, signing of long term settlements, breaking trade unions, severe cost cutting through lay off of labor and all the not-so-pleasant jobs associated with the industrial relations portfolio. To say that you will be able to do great, is to mislead you. This is untrue.
Given some domestic complications, the best is to get into the PF and ESI consulting thing. However, you are a full blooded consultant. If there is any complication, the employer, that is, your client will simply blame you. It is like a A to Z marriage contract. Remember this important point. In this commercial world, you also need to "take care " of the Government employees. This is a hard reality, more so, in the ESI department.
In the medium term, I do not see any great career as a consultant, for you. Get back to regular work in as short time as possible. If you delay beyond three years, you will not be respected by the industry, as you would have not been in touch with the ground realities. HR is a hugely practical job. Your three years experience is not sufficient.
Am sorry for being blunt. It is just to help you to understand where you are. Once you know this, you can decide what to do. In my opinion, plunge into the PF and ESI role after learning all the ropes. It is not a full time job. In fact, most Government departments demand that the guys who work on behalf of someone else, come to their seats and offices only after 2PM. You have the entire half day, upto around 1PM. All the best.
Yes, get back to regular job after your personal problem is solved or under control. Remember, only your skills will save you. HRM is a big game. You have just touched the tip of the iceberg.