As a business owner, you have probably gotten used to making tough decisions daily. But whether or not it is time to consider HR Consultant support may not be as difficult of a decision as you may think.
The most significant emotional advantage of securing a consultant is that it provides peace of mind while removing the stigma that HR is complex or that it sounds corporate, so you can focus on growing your business. Strategically, choosing a HR Consultant’s services is beneficial in many different ways for growing businesses – and even the smallest companies can benefit from HR support.
Here’s a closer look at why choosing the right HR Consultant could be one of the smartest (and easiest!) decisions your business will make:
Some business owners consider HR Challenges like employee discipline and employment law compliance as no different from other administrative tasks; not your biggest concern. It’s not just you! Research shows that 70% of small business owners who employ less than 100 employees handle HR as a side job by either themselves or assign it to a staff person along with their other administrative duties, which have little or no HR training. The good news? Selecting the right HR consultant can allow you to concentrate more on managing your team and growing the business because you have gained guidance for effective employee management, leaving you time to focus on the big picture and fewer HR challenges.
Not only can the right HR Consultant help you break free from the everyday tasks that eat up too much of your time, but it can also save your company money. It enables leaders to:
- Control Risk;
- Boost Employee Morale;
- Gain or enhance HR expertise; A business professional who happens to be good at HR.
- Streamline HR functions;
- Build a personal relationship with a trusted HR advisor.
After all, spending less time on HR functions frees up time to spend on strategic sales and growth goals, increasing revenues. Investing in HR consulting support can produce a return on investment that far outweighs the cost of the service.
Although HR can be difficult for businesses of any size, the growing complexity of managing employment regulations presents a significant challenge for small and growing companies. Local, State and Federal compliance requirements are changing much more rapidly than they did in the past, especially over the last five years. This makes it harder to stay on top of the latest rules and easier to make mistakes that can cost a company financially and legally. Because not only do business owners find it challenging to keep apprised of the latest HR laws when their attention is needed elsewhere, but even when business owners have dedicated internal HR staff, it can be challenging for them to take care of the day-to-day needs of employees while also following legislation and keeping their knowledge set current.
Don’t forget that some mistakes in employee management can lead to fines, back wages and damage employee trust, leading to turnover. Taking HR into your own hands, or trusting your HR responsibilities to employees who only deal with these issues on a part-time basis, or worse, leaving HR to employees who are inexperienced and not sufficiently trained, can cost you dearly. Luckily, the right HR Consultant can help you keep track of legal obligations, protecting you from expensive (and time-consuming) lawsuits.
Selecting a trusted HR advisor will help avoid mistakes in management. As we alluded to earlier, 81 percent of small business owners handle HR on their own, spending time on employee management challenges and making errors. This, according to a Small Business Confidence Survey, which also showed that more than 30 percent are worried they are not handling the core HR functions at their company correctly. Also, about a third of small business owners reported payroll errors by not calculating overtime accurately or misclassifying employee positions as exempt instead of nonexempt.
The moral of the story? You can avoid mistakes in HR management by simply taking the time to select a HR Consultant who is right for you and your business. Not only will this free up critical time for you to spend on core business needs, but you can rest assured of your on-call relationship with a qualified business professional, who is also a certified professional in the field of HR.
The Bottom Line
As many business owners know, being profitable is not just about creating and selling a successful product or service, but also figuring out how to manage day-to-day operations effectively and efficiently, like Human Resources, within a budget, which in turn impacts the bottom line.
As a business owner, you can attempt to manage HR yourself, knowing it distracts you from handling core business matters. You also know it eats up time and money, increasing the likelihood of non-compliance and other errors, and even impedes your productivity.
To minimize these challenges, your growing company could be turning to a HR consultant for the best HR practices. Because at the end of the day, you cannot slow time and you cannot make money grow on trees, but you can trust support from the right HR Consultant to empower to you spend more time on operating and building your business. Contact Inspiring HR to learn how HR DONE DIFFERENTLY can simplify HR for business.