HR Consulting
The HR function plays an essential role in attracting and retaining the best talent, managing performance, and maintaining a positive work environment. When HR is properly managed, it can provide a competitive advantage, position a company for growth and positively impact the bottom line of a company.
Benefits
Here are some of the benefits of
investing in HR for your business
Attract and Retain Top Talent: A well-run HR department can attract the best employees by creating a positive work environment, offering competitive compensation and benefits packages, and providing opportunities for growth and advancement. Turnover is expensive. Replacing an entry-level employee costs 30% – 40% of their annual salary.
Increased Productivity: A company with an effective HR department will have motivated, engaged employees who are more productive, committed to their work, and invested in the company’s success. Engaged employees are 21% more productive
Better Compliance: A knowledgeable HR team can help ensure that your company is following all relevant laws and regulations, which can prevent costly legal penalties and protect the company’s reputation. Let’s break this down by the numbers. HR mistakes and non-compliance can cost you:
- $1,000 per mistake you make on the Form I-9
- $500,000 if you aren’t compliant with the Affordable Care Act
- $55,000 if you don’t follow the Americans with Disabilities Act
- $100 fine per qualified beneficiary, up to $200 per family if you forget to offer COBRA
- $1,100 per violation and back pay if you violate the Fair Labor Standards Act by not paying overtime wages
- $50,000 or more if you get hit with one employment lawsuit
Better Communication: A strong HR department helps promote open lines of communication between employees and management, fostering a positive work environment, and reducing conflict. The number one reason employees leave is a bad boss. When surveyed, employees list poor communication as a top reason for having a bad boss.
Maximize the most of your employee Retirement and Health & Welfare Plans. Benefits are a huge part of any company’s budget and a leading factor in employee retention. An experienced HR team can help to negotiate better premiums with providers, design attractive benefit plans and ensure legal compliance.
Improved Employee Morale: A well-run HR department can boost employee morale by ensuring that employees are treated fairly, providing opportunities for personal and professional growth, and promoting a positive work environment. A lack of training and development has a direct impact on Employee Morale
In short, investing in HR is an investment in the success of your company. By ensuring that your HR function is properly managed, you can attract and retain the best employees, increase productivity, promote compliance, improve communication, and boost employee morale.
YourHR understands the unique needs of businesses operating in blue collar industries such as manufacturing, distribution, construction, and food service. Our experienced HR experts can provide tailored solutions to meet the HR needs of your business, ensuring that you can focus on what you do best – running your business.
HR Strategies
Talent Acquisition
Drive the planning, sourcing, hiring and on-boarding of top talent and establish a culture that can properly evaluate a candidate's capability to succeed in each role.
Compensation Management
Drive the planning, sourcing, hiring and on-boarding of top talent and establish a culture that can properly evaluate a candidate's capability to succeed in each role.
HR Infrastructure
Have effective and efficient HR processes, systems and infrastructure to ensure the delivery of quality and cost-effective HR services.
Organization & Knowledge Development
Ensure the company’s structure, and talent is aligned and supports the strategy of the business. Develop employees at all levels to have the leadership and technical skills necessary for success.
Communication & Culture
Ensure all employees are informed about company events and news in an effective and timely manner and develop and implement communication strategies that support and strengthen the company’s culture.
Employee Benefits
Guarantee the company’s benefits packages are competitive, attractive to both current and prospective employees, financially feasible and comply with applicable laws.