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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?
How about
considering 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 no matter how entry level they are. 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. They often spend exorbitant amounts of time trying to learn
the job and productivity of their time suffers, which is ultimately
costs the company more money. In down time, some employees choose
to surf the internet rather than trying to get up to speed on what
could make them more successful the next time they are required to
stretch outside their knowledge comfort zone. After all, the
company will pay again the next time for unprepared employees to do the research, right? An
HR Consultant can often be utilized for short projects, during 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 time and money!
Written by:
Eddie Littrell, President & CEO
Corporate Resource Solutions, LLC (A Veteran-Owned Small Business -
VOSB)
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