Thursday, 15 July 2021 11:45

Why Custom HR Solutions Will Boost Your Bottom Line

Whether you like it or not, Human Resources is an integral part of your business. Your HR systems carry a lot of weight for your organization and can significantly influence your bottom line. If you want to see your revenue increase quickly and sustainably, you'll need to leverage custom HR solutions for your business.

What Can Be Customized In Your HR Systems?

All businesses, from small shops to nationwide chains, have several different HR systems in place. These may include hiring processes, performance evaluation systems, employee termination practices, and others.

All of these systems can be personalized to your business needs. But those aren't the only aspects of HR that can be personalized to your brand. Here are just a few of other ways that your Human Resources can be customized for you:

  • Custom location options - Allowing work from home options, adjusting work hours to suit employees by location, providing support for employee relocations, etc.
  • Custom benefits - Healthcare options, roll-over of vacation time, childcare support systems, etc.
  • Custom development programs - Technical training for role evolution, professional development for employees, etc.

How To Boost Your Bottom Line With Custom HR Solutions

Custom HR systems can help save your company resources, money, and manpower in numerous ways. Let's touch on just a handful of the ways that your brand benefits from customizing your HR systems.

Improve Employee Retention

Employees may leave your business for any number of reasons (Indeed). They might leave because they're looking for a higher salary, a workplace where they feel valued, a job where growth is encouraged, or a role where they have more independence.

Employee turnover can be a costly misstep for your business. Some studies have even suggested that replacing a salaried employee may cost your business on average 6 to 9 months of that salary (PeopleKeep). So, if you're replacing a role that pays $50,000/year, you might waste $25,000-$42,500 for recruiting and training expenses.

When you customize your HR systems, you can structure them to better meet the needs of your workforce (e.g., training programs, autonomy, employee recognition protocols, etc.). And when those needs are met, your employee turnover rate will drop and boost your bottom line.

Proactively Correct Employee Errors

Your employees won't always be perfect. Even the best workers can make some mistakes from time to time. And all-too-often, businesses will utilize reactive performance management systems to fix those issues. But what if you could correct your employee performances proactively?

With a customized HR solution, you can address employee mistakes before they become a problem. At CourtSide® Consulting, for instance, we can develop a personalized and reliable system that will highlight the precursor employee mistakes that can lead to bigger performance problems. With this system in place, you can get ahead of the curve to proactively improve workplace efficiency and reduce rework.

Less wasted time and more productive workers will always lead to a better bottom line.

Centralize Employee Information

Do you feel as though you're being bombarded with employee questions? Are you and your management team running around putting out small fires throughout the workday?

If so, you're probably wasting a lot of time repeating answers to employee FAQs and correcting issues that your frontline workers should be able to handle. Those time-wasters can become a thing of the past with a custom employee handbook.

A customized employee handbook is a unique document that will be outfitted with everything your employees will ever need to know. Your custom handbook may include:

  • Operational guidelines for your workers
  • Answers to employee FAQs
  • Outlines on employee benefits, PTO, and so on
  • Employee expectations
  • Descriptions of your HR processes
  • And other helpful resources for your staff

When all the information is centralized in one place for your employees, you'll waste less time throughout the day and enjoy a more efficient workforce.

Streamline Your Hiring Process

There's a lot of waste in typical hiring processes. From the days that are wasted waiting for qualified applicants to the funds you waste on advertising the position, your hiring process likely wastes a good amount of time and money. But it doesn't have to be that way!

With a customized hiring process, you can expedite your recruitment and onboard employees more efficiently. For instance, at CourtSide® Consulting, we can help you improve every step of your hiring process by:

  • Drafting simplified, yet accurate job postings for multiple platforms
  • Generating more insightful interview questions that better speak to your company's needs
  • Educating your management team on the best practices for interviews
  • Establishing succinct, yet detailed onboarding procedures

With customized solutions, you can spend less time hiring workers and more time doing the daily work you need to do.

Generate More Revenue With Our Custom HR Solutions

At CourtSide® Consulting, we can upgrade your business operations with practical HR solutions and strategies that are fully personalized to your organization. We'll work closely with you to minimize the complexity of your HR systems while maximizing the productivity of your workforce.

Contact CourtSide® Consulting today to learn more about our custom HR solutions for small businesses.