HR support is more than just handling the employee-employer relationship in a company. It’s also about driving growth and scaling your business by executing strategies that can turbocharge your organization.
These strategies include acquiring highly sought-after talents, outsourcing projects, providing up-to-date employee training plans, and creating systems to identify and meet a company’s future needs.
In this post, we’ll explore how working with the right HR support team can improve stability and growth in small to medium companies.
Ways HR Support Can Grow Your Business
HR support services can help you foster business growth and fast-track development in the following ways:
Strategic Talent Acquisition Planning
In the fast-paced world of business, getting the right people on the job can improve a company’s productivity – whereas, when people aren’t a good fit, it can reduce productivity. That’s why good HR professionals try to get the right talent for available roles even before there's a vacancy for them. They identify what your organization truly needs for future success and find people who can fulfill those needs.
After acquiring the talent you need, HR leaders will also create highly effective retention and succession strategies to ensure that those talents remain within the organization’s ecosystem.
Outsourcing Projects When Necessary
To improve productivity and achieve the best results, HR partners can outsource specific projects or functions that are not part of the organization’s core business. These projects may be expensive to create in-house versus hiring an agency or take too much time and resources for a small return on investment.
Leadership Training
Sometimes, an organization’s strategic growth plans may not realistically align with its leaders' capacities. In these situations, the right HR partner will offer the necessary guidance to conduct leadership training programs that furnish potential leaders with the skills they need to manage resources efficiently and pursue company goals.
These programs usually revolve around successfully managing projects and team members for a cohesive work environment.
Managing Performance and Goals
It’s not enough that acquired talents simply work on random projects, it must be projects that help the company achieve its targets in some capacity. That’s why performance management in line with business goals is important. It can help organizations ensure that employees make meaningful contributions to the company’s growth.
It can also help the company create a culture of continuous improvement and accountability that can create a stronger workforce in the long run.
Employee Development and Training
Organizations that invest in their employees have a higher level of job satisfaction, employee retention, and performance. The employees are familiar with the organization’s business model and can easily apply the knowledge they gain in training and on the job.
Your organization stays competitive and relevant in its industry. Furthermore, investing in training can help businesses save money down the line and have many productive and efficient employees.
Ways HR Support Can Improve Stability
A stable workplace is important to improve the morale of the employees, build a stronger culture, reduce turnover rates and costs, and increase productivity.
Let’s look at some of the ways HR professionals can help organizations become more stable.
Mitigating and Managing Risks
While it’s not an immediate benefit, identifying potential legal breaches and liabilities before they occur and taking steps to stop them can help a company save a lot of money in the long run. It can also help it retain the trust of its shareholders, customers, and other stakeholders, which can greatly improve stability.
Build a Positive Work Culture
88% of job seekers think a positive work environment is important for their success. What this means is that to acquire and retain top talent, companies need to create a positive environment.
A positive work culture naturally creates a positive environment for workers. It also reduces the company’s employee churn rate and the time needed to spend on succession while improving its overall stability.
Cultural Consistency
Cultural consistency is an important aspect of stability. By defining the company’s culture and highlighting behaviors that typify and amplify it, employees can better understand what the organization wants from them.
Companies usually must go through three steps to ensure cultural consistency. The first step is to define the company’s core principles and beliefs clearly. The second is to clearly articulate those beliefs and create opportunities for employees and leaders to give their opinions on those beliefs. The third step is to make the employees accountable for promoting the identified values among themselves. During these steps, appropriate recognition should be given to those employees who embody the spirit of the company’s values.
These steps can take a long time and require a dedicated in-house HR professional team to execute. By outsourcing to qualified PEOs, small companies can reduce overhead costs and achieve a sustainable result.
Succession and Change Management
Change is inevitable in an organization. Management may decide to change the company culture, or employees may be required to brush up their skills or learn new ones. This may disrupt the way the organization ordinarily functions and reduce productivity. However, by helping leaders develop change management skills, the organization can easily adapt when change is necessary.
Succession planning is closely related to change management. This ensures that business operations aren’t disrupted when employees leave the company by creating a system that quickly replaces workers with new employees with equivalent skills. Succession planning also increases internal mobility by periodically promoting qualified employees at the right time to create a stable environment.
Why Should You Outsource HR Tasks?
While keeping a small team or hiring a single HR professional is feasible for small companies, their capacities are often limited. They may not have access to modern management tools to perform payroll processing and performance tracking. In the long run, they may have to spend too much time carrying out administrative tasks and too little on managing the people in the organization.
The right HR partner will help your company properly utilize its resources by taking up administrative tasks and ensuring corporate compliance.
Partner with an HR Support Expert Like ABO to Drive Growth and Stability
Growing a business and ensuring stability within an organization can be difficult and costly, but it doesn’t have to be. With the right partner, your organization can grow smarter and more efficiently than some large companies.
ABO is an IRS-Certified PEO comprised of a team of HR professionals dedicated to providing services that can help your company become stable and fast-track your scaling journey.
Reach out to ABO today to transform your HR operations and help your company thrive!
