Fractional HR Support - Do I need it and can I afford it for my small business?
As a small business owner, you may be wondering if it's worth investing in a human resources (HR) person. After all, most small businesses in Vancouver, Vancouver Island, and across Canada operate on tight budgets and may not have the financial resources to hire a full-time HR professional. That's where a fractional HR person can make a big difference.
A fractional HR person is a qualified HR consultant who works with your small business on a part-time or project basis. They have extensive experience and expertise to handle all of your HR needs, from hiring and training employees to creating policies and procedures that comply with local labour laws that will protect your business.
One of the most significant benefits of hiring a fractional HR person is cost savings. A full-time HR professional can be a significant expense for a small business, not just in salary but in benefits and overhead costs. By working with a fractional HR person, you can get a greater level of expertise and support without the high cost of hiring a full-time experienced professional.
Another advantage is that a fractional HR person will have a broader range of experience and qualifications than someone you might be able to hire full-time. As an independent contractor, they have worked with a variety of companies, industries, and HR challenges, and can bring that wealth of experience to your small business.
For example, a qualified HR consultant who has held senior roles in organizations can add value to your small business by:
Developing HR policies and procedures that align with your company's goals and values while meeting regulatory requirements.
Creating job descriptions that accurately reflect the responsibilities and qualifications required for each position.
Developing an employee performance management system that aligns with your company's culture and values.
Assisting with employee recruitment and selection processes, including developing job postings, screening candidates, and conducting interviews to find your top talent.
Offering training and development opportunities to your employees, including onboarding, leadership development, and performance coaching.
Providing guidance and support on employee relations issues, such as grievances, disciplinary actions, workplace disputes, and terminations.
Ensuring that your company is compliant with employment laws and regulations, including minimum wage, overtime, and employee benefits.
Overall, a fractional HR person can provide significant benefits to small and medium-size businesses in Canada. They can help you manage your HR needs more effectively and efficiently while saving you money and giving you access to expertise that might not be available otherwise. While it may not make sense for most small businesses to hire a full-time HR professional, it's still essential to have access to HR support to ensure that your company is running smoothly, your employees are engaged, and the company is compliant with labour laws and protected.
