Every business can benefit from HR support; however, as a small to medium-sized business, you may not need a full-time HR team in-house. This is where HR consulting and fractional HR come in handy!
HR consulting involves seeking external experts to provide strategic advice and solutions for specific HR needs such as:
- Understanding Compliance
- Recruiting
- Training & Development Plans
- Disciplinary Action
- Policy Creation & Documentation
On the other hand, Fractional HR offers services for a fraction of the time and cost, providing businesses with the expertise they need without the overhead of a full-time employee.
Bradshaw, D. (2022, April 11). 5 ideas for fractional HR in small business. NorthstarPMO, Inc. https://www.northstarpmo.com/articles/fractional-hr-small-business/
Lewis, A. (2024, May 3). 19 top-tier HR consulting firms to consider for your org. RealHR Solutions. https://realhrsolutions.com/hr-consulting-firms/#software
Key Benefits of HR Consulting and Fractional HR
Access to Specialized Expertise: HR professionals bring knowledge in areas such as recruitment, compliance, employee relations, performance management, and organizational development.
Strategic HR Solutions: Both offer strategic insights and tailored solutions that align with the company’s goals. Whether developing a comprehensive HR strategy, managing change, or improving employee engagement through benefits or training, they provide actionable plans to drive results.
Cost-Effective Resource Management: Optimize the HR function without the need for full-time HR staff. This leads to significant cost savings, as businesses only pay for the services they need, when they need them.
How Consulting & Fractional HR Work
Initial Assessment
The process typically begins with an initial assessment. This involves understanding the company’s current HR setup, identifying gaps, and determining the specific services required.
Customized HR Solutions
Based on the assessment, a customized HR plan is developed. This plan outlines the scope of services, timelines and deliverables. And don’t worry, we will ensure alignment with the your company’s goals.
Implementation & Support
Once the plan is in place, the HR consultant or fractional HR professional will start implementing the agreed-upon strategies. This can include:
- Recruitment
- Compliance
- Employee relations
- Performance management
- Strategic Development
Ongoing support ensures that the HR function continues to align with your company’s needs.
When Should You Consider HR?
Startups & SMEs (Small to Midsize Enterprises)
For startups and SMEs, hiring a full-time HR team might not be feasible. HR consulting and fractional HR provide access to necessary HR functions without the long-term commitment.
Companies in Transition
Businesses undergoing significant changes, such as growing, re-branding, or integrating vertically or horizontally to your business, can benefit from the flexibility and expertise of HR consulting or fractional HR. This allows you as a business owner to manage the transition smoothly without overcommitting resources.
Project-Based Needs
This is a big one! Often, entrepreneurs and small business owners pour their passion into creating amazing products and services, turning their dreams into tangible businesses. However, understanding and forecasting HR needs, such as handling disciplinary actions and establishing policies, can be challenging until these issues arise. This is where consulting or fractional HR services become incredibly beneficial, providing the expertise and support needed to navigate these complex situations effectively.
Human resource management (HRM) is a critical function within organizations that focuses on managing the most valuable asset: people. Effective HRM practices are essential for attracting, developing, and retaining a skilled and motivated workforce that can contribute to the achievement of organizational goals
Gomathy, C K. (2023). Human Resource Management: Case Study with Solutions. INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT. 07. 10.55041/IJSREM21509.
Get Started With Perk
Ready to explore the benefits of HR consulting or fractional HR for your business? At Perk HR, we specialize in providing tailored HR solutions that meet your unique needs. Contact us today to learn how we can help you streamline your HR functions and drive your business forward.