In these unprecedented times, it is hard to know which way to turn and which format will work for your business. Whether large or small, companies need guidance and help and right now you need more than just someone that can get by in HR. An outsourced HR business partner could be just what you need.
Due to the national crisis which also bring great uncertainty, it is often difficult to navigate through the many different possible outcomes from a staffing perspective. This together with trying to manage relaunching your business and cashflow, can be incredibly stressful and the difference between surviving and closing the doors. An outsourced HR business partner, with a commercial background and extensive experience of managing crisis’ is more important than ever.
Managing your workforce means different things to different businesses at this time. Whilst it can bring a reduction of activity and sadly redundancies in some cases, in other cases – managed properly in line with a gradual recovery business plan can provide a more positive outcome of prosperity and growth for the future. All of these changes need reflection, scenario planning and the application of a good implementation action plan.
HR business partners are not only HR experts but are also commercially aware and can spot workforce efficiencies and business opportunities a mile away. They can add value and growth in ways never thought possible – it is actually possible to loose staff and be more profitable with less business activity!In a nutshell your HR business partner can help drive a strong performing organisation.
A good HR business partner understands the business as well as the management team. This means getting to know the business in depth – not just the figures. The ability to understand who makes the money and how is important and assessing the strengths and weaknesses of the company and comparing the competition is imperative to success. Most importantly, you need to know how the dynamics of the business work, and how a change in one area will affect other areas.
Affordability can be a stumbling block for some companies with the thought process of “I can’t afford it-we’re a small business”. The beauty of outsourcing is that you only pay for the expert advice as and when you require it, whether that is for a bespoke project for defined periods of time or for ad hoc services to help you make workforce transformation or efficiencies across the business.
The cost savings as a comparative for a HR business partner are on average about £45k but consultancy can be anywhere from £600 per day to £1000 depending on what the project is. The return on this investment results in savings through not only growth and increased profit margins, but also increased customer satisfaction and better staff engagement. A HR business partner keeps you compliant whilst offering you different options to provide healthy solutions without the huge overhead.
We at Centric HR believe we can help your business shape positive changes to people, performance and business practices. So what have you got to lose? For more information on how Centric HR can help with the benefits of working with an outsourced HR business partner please contact us here.