Fractional HR support can be a valuable resource for companies that are operating leaner after layoffs. It provides cost savings, flexibility, expertise, time savings, and risk mitigation, all of which are important for a company’s success.
The recession has caused many companies to undergo layoffs to stay afloat. After the layoffs, companies may find themselves short-staffed and struggling to manage their human resources effectively. This is where fractional HR support comes in. Fractional HR support can provide companies with the expertise they need to manage their remaining employees effectively. Here are some ways that fractional HR support can support a company after a layoff.
Career Contacts has a team of Fractional HR Consultants ready to support you in just some of the following ways:
Cost Savings
Fractional HR support can save your company a significant amount of money compared to hiring a full-time HR professional. Companies can get the HR support they need without having to pay for a full-time employee’s salary, benefits, and overhead costs.
Flexibility
Fractional HR support is flexible and can be tailored to the specific needs of your company. Companies can get as much or as little support as they need, and they can adjust the level of support based on changing business needs.
Expertise
Career Contacts’ HR Consultants are experts in their field and have a wealth of experience that they can bring to your organization. They can provide guidance on issues such as employee relations, performance management, and compliance with employment laws.
Time Savings
HR tasks can be time-consuming and take away from other important business functions. By outsourcing HR tasks to a fractional HR professional, companies can free up time to focus on other important business functions.
Risk Mitigation
Fractional HR support can help companies mitigate the risk of compliance issues and lawsuits. Career Contacts’ HR Consultants along with our employment law counterparts can ensure that your company is complying with employment laws and regulations and can help prevent potential legal issues from arising.
Managing Employee Morale
After a layoff, employees who remain may be worried about their job security and feel demotivated. A Career Contacts HR Consultant can help manage employee morale by providing guidance on how to communicate with employees about the layoffs, ensuring that they feel valued, and creating initiatives to boost morale.
Compliance
With fewer HR staff, companies may struggle to keep up with compliance requirements. A fractional HR professional can ensure that the company complies with employment laws and regulations, reducing the risk of legal issues.
Training and Development
After a layoff, remaining employees may need additional training to take on new responsibilities. A fractional HR professional can identify training needs and develop training programs to upskill employees. This can improve employee morale and retention rates.
Performance Management
With fewer HR staff, it can be challenging to manage employee performance. A fractional HR professional can help set performance expectations, create performance improvement plans, and provide coaching to improve employee performance.
Recruitment and Onboarding
If the company needs to hire new employees after the layoff, a Career Contacts HR Consultant can provide support with recruitment and onboarding. This can include creating job descriptions, sourcing candidates, screening resumes, and conducting interviews.
Benefits Administration
Benefits administration can be time-consuming and complex. A fractional HR professional can manage benefits administration, ensuring that employees are enrolled in the appropriate benefits plans and that the company remains compliant with benefits regulations.
Fractional HR support can provide companies with the expertise they need to manage their human resources effectively after a layoff. With a fractional HR professional, companies can manage employee morale, compliance, training and development, performance management, recruitment and onboarding, and benefits administration. By outsourcing these HR functions, companies can focus on their core business operations and improve their chances of success.
To learn more, reach out to our team directly at hr@careercontacts.ca
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