Why HR consultancy is need for new businesses?
Since the beginning of Government led Start-up India campaign, country is witnessing the evolution of new businesses, new businesses are emerging rapidly. Every day we hear a success story of a small business. This campaign has given a blow to HR consulting firms as the chiefs of new businesses will have to manage more human resource aspects. It is difficult for a chief to manage every organizational department because of less time and knowledge. The need of HR consulting becomes a necessity for any new business running successfully. HR consultancy firms has a vital role in staffing, hiring, recruiting, and from a compliance point of view. We also know that new businesses have to deal with limited resources in terms of everything, and human capital is crucial to utilize. In such a situation, outsourcing HR department of any small business and Start-up to HR consultancies are extremely important.
Human resource is a very broad industry that often requires a person with good understanding of human management. This also requires experts, time. Whether it’s solving clashes, motivating employees, hiring, and staffing the right people, or managing human operations. Human resource is an important part of business operations.
According to HBS, as many as 75 percent of new businesses don’t survive because of not having a sound management team including Human resources too.
What are the benefits of outsourcing to HR consultancy?
As we all know that HR consultancy have a team of HR experts, specialists with experience. One of the most important benefits are money-saving, time-saving.
Further benefits are given below:
Economic: this is the foremost advantage as it saves huge budget which comes from spending money on salaries, hiring and training.
Access to Experienced specialists: HR consultancies are more beneficial when it comes to experienced staff. You get an HR specialists or team of experts rather than relying on a single person.
Enhanced HR operations: Experts of human resource are generally deployed by the organizations to slash unnecessary operations for better business operations. Further, they monitor the growth, individual efforts, and efficient work environment.
Better Monitoring: they are generally technology-driven and industry specialists in the same. Outsourcing provides you an access to monitoring software and employee management, training technologies.
Enhanced staffing/hiring: from hiring to training and managing human capital, conducting interviews, onboarding of new employees are the advantages of outsourcing to HR consultancy firms. This improves recruitment operations. Further, they keep their eyes on the personalities of the people. They ensure companies do not worry about their human capital management.
