How HR Consulting Can Save Your Business Time and Money
In today’s tumultuous economy, many organisations are forced to look for ways to improve the quality and value of their business, and one solid way of doing this is to outsource your HR. As one of today’s most highly sought-after services, HR consulting boasts many benefits that range from compliance and reputation, to time-saving. But one of the biggest advantages of using professional HR consultants is that it saves businesses a lot of money. Here is how:
Compliance of Workplace Laws and Regulations
In order to provide a favourable working environment, businesses need to be compliant with all the various workplace laws and regulations. Unfortunately, many organisations often do not realise how many rules and regulations there are, leading to uncertainty and financial loss. For this very reason, HR consultants can provide you with the expert knowledge required within your HR department that will keep you compliant and safe from penalties and lawsuits. Such compliance expertise includes the following:
- Basic Conditions of Employment Act (BCEA)
- Compensation for Occupational Injuries and Diseases Act (COIDA)
- Employment Equity Act (EEA)
- Labour Relations Act (LRA)
- Occupational Health and Safety Act (OHSA)
- Skills Development Act (SDA)
- The Constitution (Bill of Rights)
- Unemployment Insurance Fund (UIF)
You Gain Quality Recruitment
Did you know that the latest research indicates that around six in ten employers have experienced the negative effects of hiring the wrong employees, and that many managers today spend up to 17% of their day managing poorly performing employees? Today, no business can afford to hire the wrong employees. Not only can the wrong employees damage client relationships and decrease sales, but it can also sink a business in terms of time and money. The truth is that everyone looks good on paper, but what about their personality, competency, commitment, work performance, camaraderie, loyalty, strengths, weaknesses, and leadership traits. Many successful businesses understand this, which is why they rely on an HR consultant to do the screening and hiring for them.
Your business is one of the greatest investments you have, which is why you need to protect your investment if you want to succeed. Instead of hiring a permanent HR employee, hiring the services of an HR consultant can be very cost-effective, especially if you are a business that requires assistance for a short period of time. When you hire an HR consultant, you get to invest more time in the expertise and products you provide, and less time on compliance, recruiting, and managing employees.