If you’re like most small-business owners, you’re incredibly busy from the moment you get to work to the moment you finally shut down for the day. And if you’re like most small-business owners, you probably didn’t start your business because you wanted to spend your days handling HR tasks. But when you’re running your own business, you have to take care of it all, from hiring to budgeting to benefits to marketing. Though all of these tasks are incredibly important, they can get in the way of what you really want to focus on: growing your business.
Sound familiar? If you’ve been wondering whether you should consider hiring an HR partner, read on for seven reasons why it’s time to bring in an expert.
1. Recruiting talent is a challenge
You can’t grow your business without talented people to help you make it happen. But finding those people isn’t always easy. If you’re spending all your time and energy trying to recruit talent—or just not finding great talent, you may need an HR partner. From assessing compensation packages to crafting compelling job descriptions and screening applicants, they handle the hiring legwork so you can focus on everything else.
2. Your best employees are leaving
If your top people keep abandoning ship, it’s time to take a look at your retention strategies. An HR partner can help you assess your approach and understand what’s working and what isn’t. From market comparison studies that measure your business against the competition and identify ways to step things up, to streamlined payroll and benefits that keep employees happy, there’s a lot an HR partner can do to help you improve retention rates.
3. There’s no time for training and development
Are you providing a solid onboarding experience? What about regular training and development for all employees? Not only is this important for employee growth, but some training is also required by employment laws. An HR partner can take training and development off your plate, building out a training plan that gives your people what they need to be safe and thrive in their roles.
4. Your current payroll vendor isn’t cutting it
It only takes one late or incorrect paycheck for employees to start looking for a new job. If your current payroll vendor isn’t working out, it’s time to consider an HR partner who can take on payroll as well. You get the benefits of a streamlined system, with the reliance of a partner who knows the ins and outs of your business.
5. Administering benefits is a nightmare
Taking on the task of benefits can be a full-time job in itself. If you’re spending all your time focused on the ins and outs of benefits, it may be time to consider outsourcing. An HR partner can not only help you find the most cost-effective solutions, but they can also take on the time-consuming task of administering these benefits to your team.
6. You can’t keep up with compliance
Struggling to navigate compliance? An HR partner can help. Keeping up with federal, state, and local business regulations can be a real challenge—and one mistake can lead to costly fines or lawsuits. Your HR partner can take that burden off your hands, staying up-to-date on relevant employment laws and helping your company adjust as needed.
7. There’s no time to focus on growth
If you’re spending all your energy and time focused on HR tasks, you definitely could use an HR partner. These are tasks you can take off your plate and put in the hands of a trusted expert who knows your business. Your employees and business are set up for success and you get more time to focus on growing your business.
If any of these signs rang true for you, it may be time to explore bringing on an HR partner like Xenium. We offer dedicated teams of HR experts who truly value getting to know you and your business and helping you build it.
Contact us today to start a conversation.