Solving the Small Business Growth Paradox With HR Consultants
The small business growth paradox.
Every organization has personnel issues that require an immediate and accurate response. Employment regulations can be confusing and change constantly, making it nearly impossible for employers to stay informed.
There are often peaks in recruiting activities that require immediate attention, but the cost of hiring additional personnel to meet only today’s needs places small businesses in a serious dilemma. Such commitments to these short-term needs require expertise, but hiring experienced personnel is expensive. Hiring inexperienced personnel results in lost time due to the level of research required before the inexperienced personnel are properly prepared to meet the immediate demands.
What is a company to do?
Consider using a seasoned HR Consultant to help you. With an experienced HR Consultant, there is little to no time required for researching what to do or what best practices to incorporate into the current circumstance. HR Consulting professionals often cost less than hiring administrative support staff full time and are often able to commit to your company for longer periods of time.
Let’s look at these advantages closer.
Commitment: A good HR Professional is often sought after within any growing job market. Therefore, your experienced HR Professional is subjected to several job offers because of the high demand of this stressful career path. When faced with significant pay increases and possible circumstances better than currently experiencing, they often owe it to their families to consider other offers, even if they are content where they are.
Most HR Consultants have already been through this struggle and are seeking to be more devoted to one or two loyal clients that need their help getting the company established or to fill in for key personnel during absences. This kind of mutual commitment is beneficial to the business and also to the consultant.
Cost Considerations: This one is easy! Hiring any full time employee is expensive regardless of their experience level. You must consider the total fringe cost, which can often range from 30% to more than 50% of additional expenses for medical insurance and other insurance plans, worker’s compensation, social security, taxes, medicare, unemployment insurance, etc.
Aside from these expenses, you also have to factor what level of experience you are paying for when hiring a full time employee. Less experienced employees often spend such exorbitant amounts of time trying to learn the job that productivity of their time suffers. Their lack of experience ultimately costs the company more money. When employees have the extra time to improve their career skills, some employees choose to surf the internet or use their time for personal interests rather than preparing to be more successful the next time they are required to stretch outside their knowledge comfort zone.
An HR Consultant is often a seasoned professional that can perform a variety of functions with minimal research and often without needing guidance. HR Consultants can be utilized for short projects, start up phases, during absences of other full time staff or even by the hour if you simply need professional council. HR Consultants are in business to help save you money!