For many companies across the world, their biggest challenge is managing employees. It's also difficult for them to manage the costs that come with hiring new employees as they grow.
But, keeping teams happy and informed is essential if you want your business to prosper.
Outsourcing your human resources services can help you offload important and time-consuming tasks. Better yet, you'll be handing these over to an expert in the field that can offer you tangible results. But, the cost is high. Most outsourcing firms will charge you between $20 and $200 per employee, per month.
Many small businesses are able to self-administer their HR practices, with the right resources in place. Using an HR guide; such as a membership website, HR consultant or a combination of both can help you maneuver through the complexities of HR while keeping HR practices within your control. Of course, there is a time and learning investment. But, the overall cost is far less and the results are much more personalized.
Read more to find out how a human resource guide can help your small business grow.
If you are a marketing expert, would you apply for a job as an IT consultant? If the answer is no, then why would you take on an HR role if you don't have the right tools in place to ensure your success?
Aside from the fact that you're wasting your own time doing a job you're not qualified for, you're also slowing down your employees.
A small business HR guide can give you back time to focus on revenue-generating activities.
It can also help take some pressure off of the person you select to administer your HR practices. With this, they'll no longer have to spend time creating forms or best practices from scratch. They'll also have a trusted resource for those tricky, unusual situations.
Beyond that, their time will be freed up so they will be able to focus on the tasks that fit within their job descriptions beyond their HR duties. Better yet, they'll have the time to focus on money making tasks that will help your business grow.
Business laws are changing every day. Staying up-to-date with all them can be challenging. And, if you don't stick to the law, you could face an employee lawsuit that will cost you thousands of dollars.
Small business HR guides know where to look for information on business legislation. They can save you time and money by ensuring that you comply with all the latest laws.
HR solutions for small businesses can help you reduce the costs that come with having employees. The right expert can review the following aspects of your company to ensure they are as cost-effective as possible:
These resources can cut costs without jeopardizing morale and productivity within your company.
Plus, according to research, the right HR and employee engagement program could increase your revenue by 26%.
The hiring process can be long. Also, if you can't fill a position for a long period of time, the role will be split between current employees. This increases their workload with tasks that they may not feel comfortable taking on.
One of the biggest advantages of having an HR guide is that the recruiting process and tools are pre-created for you, so you can attract the best candidates. Better yet, some HR companies undertake the entire recruiting process while others will offer you guidance.
If you own a small business, employees may not need much training. But, you still have to keep your employees interested in their jobs.
If you want your teams to thrive, you need to teach them the ins and outs of your business. While they have the expertise to fill their role, there are processes that will be new to them. You should have a plan in place to educate them, and HR guide can help you with this.
Additionally, couple new team members with seasoned employees so that they get the support they need. And, don't forget to organize regular meetings between new employees and their line managers.
Research suggests that the biggest concern among employers is employee retention.
But, the key to retaining employees is to create a positive and inspiring work environment.
While the amount you pay your team members is important, you have to give them other perks to keep a high level of engagement.
Aside from offering good financial compensation, you should:
By showing sincere appreciation, you will create an inspiring company vision that will drive your employees.
Payroll processing is labor-intensive and time-consuming. Not only this, human error is common which can cost you a lot of money and lower employee satisfaction.
Find ways to streamline and automate some of these processes so that you can focus on other areas of your company.
You should also have measures in place to streamline your recruiting and employee training activities.
HR solutions for small businesses allow you to keep everyone in the loop every step of the way. These processes will add a level of transparency to your organization, thus increasing employee satisfaction.
The right resources and tools will help you communicate with employees about:
HR experts are proactive individuals that make themselves known among departments. They provide regular updates and gather first-hand information that can help your company thrive.
As companies grow, they become more complex. With more employees comes more:
All the above are cumbersome and time-consuming aspects that have a huge impact on an employee's job satisfaction.
The right HR solutions for small businesses will give you the support you need as your company grows.
You will be more flexible when the time comes to watch your company expand. Not only this, the above processes will not stunt your possibility of growth.
A human resource guide is a key to the growth of your small business. It will allow you to build a happier and more productive workforce which will, in turn, increase your revenue.
At HR Branches, we help small businesses self-administer their HR functions. We offer help and resources to provide businesses with new approaches to improve employee satisfaction. We are your HR Guide. Find out how HR Branches can be your HR Guide TODAY.
So, if you're a small business with a thirst for growth, visit our website today.
Disclaimer: HR Branches provides general information about Human Resources. Please note that the information provided, while reliable, is not legal advice. Please seek legal assistance, or assistance from State, Federal, or International governmental resources, to make sure your legal interpretation and decisions are correct for your location and circumstances. The purpose of this information is for guidance, ideas, and assistance on general HR matters.
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