How Human Resources Consulting San Diego Can Improve Your Bottom Line
Are you looking for human resources consulting San Diego? Hiring an outside agency or consultant can help improve your company’s bottom line. When your HR systems and processes aren’t organized and working efficiently, it can dramatically impact your ability to earn revenue, scale, and preserve your most valuable assets—your star employees.
Learn more about how human resources consulting San Diego can benefit your company.
Sources, Interviews, and Hires Stronger Candidates
Companies big and small often don’t have the time or resources to source new candidates and interview them continuously. Yet, making the wrong hire can cost your company a bundle.
An HR consulting company can tap into their networks and aggressively search for outstanding talent for your company. Keep in mind that the majority of the talent pool isn’t even actively looking for a job. According to Forbes, passive candidates make up 70% of the global workforce, whereas active candidates only make up 30%.
Creates Efficient Onboarding Processes
Don’t hire employees and let them figure out how to get up and running on their own. This is essential if you’re hiring a remote team or are still working virtually. A good onboarding experience can predict how long an employee will stay at your company. Research shows that 69% of employees are more likely to stay with a company for at least three years if they experienced great onboarding.
Meanwhile, the cost of employee turnover is high. According to Gallup, a 100-person organization that provides an average salary of $50,000 could have turnover and replacement costs of approximately $660,000 to $2.6 million per year!
Identifies and Outlines Core Values
Your executives may understand your core values, but does the rest of your company? Effectively outlining your core values can help attract and retain quality candidates. When you have clear core values, your employees better understand what goals to work towards.
Writing down your core values is only the first step. An HR consultant can help identify and outline your core values and apply them to employee handbooks and onboarding processes.
Trains New Employees for Success
Companies small and large often skimp on training. A few videos or guidelines may help but don’t drill down to thorough training processes that help retain your employees. Human resources consulting San Diego Research shows that inadequate training can lead to increased business expenses, customer loss, low production rates, and high turn over. All of these areas will also negatively impact your bottom line.
Advises on Retaining Top Employees
We’ve already established that it costs a fortune to lose employees, rehire, and retrain. But how do you retain your star players? An HR consultant can advise on the most competitive benefits package, raises, and advancement opportunities that are attractive in the marketplace. Consultants can also determine what it takes to retain your employees and keep them from jumping over to your competition.
Creates Centralized Information
An employee handbook is a valuable source of information that keeps your policies, core values, and information like vacation days and health benefits in one place. Creating a centralized location for all of your necessary information saves your HR department time and resources. It can also give your employees more autonomy and confidence in your company.
Frees Up Your HR Department for Special Projects
It may sound overwhelming, but it’s true. The most successful businesses never stop hiring. It makes sense. When there’s always a robust talent pool to draw from, your company has a competitive advantage. You end up reducing the risk of bad hiring choices and are still ready with the best talent waiting in the wings.
Here’s the problem. Companies of all sizes don’t have time to research, recruit, hire, train, and retain on an ongoing basis. Human resources consulting San Diego can fill in your hiring gaps and free up time for your staff to work on special projects. Your company gets to focus on special projects and keep attracting star players that can grow your revenue.
Contact the Works Consulting for Human Resources Consulting San Diego
Are you ready to hire human resources consulting San Diego and improve your bottom line? Get in touch with the team at The Works Consulting to discuss your need.