HR Consulting Service - A Huge Savings For SMEs In India
HR industry in India is undergoing a huge transition. As disruptive changes from the supply and the demand side are changing the nature of services replacing it with HR consulting service.
The industry of HR services in India has been around for more than three decades. The service sector in India grew in eminence and has steadily emerged as the biggest pie of the national GDP. The HR services sector, however, driven by brick and mortar businesses and traditional delivery models has fallen behind as compared with other highly mature service sectors and the global market.
Over the last few years, the HR industry has witnessed some radical evolutionary leaps led primarily by technology and outsourcing boosting the growth of domestic homegrown multinationals.
HR Consulting Service & SMEs
Hiring HR consulting service is may not be a new idea; however, many SMEs do not consider the value inherent in hiring consulting service processes. Now that the focus has shifted from recruitment to strategic HR, in order to attract, develop, and retain talented employees, the HR department is no longer viewed as simply a cost centre. The HR function is now considered to be a partner, with a shift of focus from transactional to operational.
For small businesses, there are numerous advantages to hiring HR consulting service provider, the most important of which is the positive impact it can have on the business’s bottom line – using a HR consultant can save you money! Instead of hiring a highly compensated HR Director, you can outsource your HR needs and use a HR consulting services on an as-needed basis. This is particularly beneficial if you do not have a HR department.
Human resources consulting services can be hired on a contract basis to fill interim HR management positions. Either arrangement benefits your business based simply on the level of expertise the consultant brings to your business. Since these HR consultants have worked with many different businesses throughout their career, dealing with a variety of workplace issues, your business stands to benefit from such widespread knowledge and experience.
Below we look at how a HR Consulting Service Will Help SMEs with Huge Savings:
1. Effective Recruitment
Service providers whose specialty areas include recruitment and selection give small business owners tips on the best recruitment strategies as well as how to make wise hiring decisions. These firms will also assist in developing a recruitment and selection strategy showing businesses how to create and implement an interview process that ensures the right candidate stands out. Small businesses often cannot afford to waste resources on ineffective recruitment strategies, therefore a HR consulting service can help you create a productive workforce can ultimately save your business thousands by minimizing your cost-per-hire.
2. Comprehensive Performance Management
Performance appraisals offer significant benefits to businesses by ensuring that each employee’s performance is contributing to meeting business goals and introduces a culture of responsibility, accountability and empowerment. HR consulting service provider will work to implement a performance management system which supports your business growth and motivates your employees to perform at their best. Many consulting firms will also coach you on how to effectively communicate expectations to employees and provide you with advice for setting goals for each individual.
3. Tailored Training Solutions
An experienced HR consulting service provider can provide tailored, in-house training to advance the skills of your employees and the business. These training workshops can be delivered on a variety of topics, specifically designed to achieve real business outcomes and results. Since many small business owners do not have the time available to plan and conduct these often needed training sessions, having a dedicated expert facilitate this training proves beneficial for the business.
4. Fresh Set of Eyes
Often business owners struggle to see things that are obvious and necessary in their business because they are so focused in their everyday operations – it’s easy to take for granted something you see all the time. This is where it is useful to have a fresh set of eyes looking at your people management processes to determine what is needed to take your business further. An external HR consultant can offer objective, unbiased opinions and are able to share with you other business stories, success and ideas. HR consultants can be this fresh set of eyes and bring with them new ideas and perspectives that growing businesses value – call us to find out how we can help your business.
All businesses, regardless of size, need HR expertise. For small businesses this can sometimes be a struggle since many do not have a dedicated HR department yet still need to be able to deal with people related issues as they arise. Having an external HR person gives small business owners the ability to leave HR functions in capable hands while they dedicate their time and focus to overall business development.
The benefits of HR consulting service are many. The SME’s can invest in the latest technology and can redirect resources from non-core activities to functions of superior value. When organizations consider external help, they can access resources which are not available internally. As the company’s operational costs reduce they start gaining a competitive edge over the other players in the industry. On a concluding note, our final word is that HR outsourcing service is one of the most powerful forces which can lead SME’s to greater profits and success. It is difficult for organizations to stay competitive in the fast changing global economy if they solely rely on their own resources.
Overall, outsourcing your HR functions will provide long term benefits to your company and finding a HR partner who will work closely with you, to understand your business objectives and values, can effectively support your growth and will be of great benefit to the company.
At SinglePointHR, the team is dedicated to working closely with the clients to understand their needs and enable them to solve any problems. They maintain close relationships so that they can support and offer strategic advice that allows you to focus on growing the core areas of your business. Their multi-faceted approach to HR ensures that you get the maximum value out of our service. Click here to find out more about SinglePoint HR consulting service.
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