What is an HR Life Cycle?

That’s a great question and the perfect place to start. The HR life cycle is a model that represents the entire “life” of an employee’s relationship with your company — from the decision to hire all the way through to the employee’s exit from the company. 

Why Consider the Full HR Life Cycle?

When you think of the phrase “HR” what typically comes to mind? While most people know the letters stand for Human Resources, most business owners don’t have a complete understanding of the full HR Life Cycle. Some HR companies focus on recruiting, some on administration, compensation and payroll, still others focus on training and development. While it’s helpful to create these structures one by one, the greatest benefit comes from being able to view the entire HR picture.

"Do I really need an HR Consultant?"

You may be asking yourself if you really need an HR Consultant. The short answer is yes, every small business needs an HR Consultant. Of course, maybe you’ve been able to manage your human resources on your own with adequate results, because if there is one thing small business owners are great at, it’s getting things done.  But working together, we can improve your profitability and growth. 

When it comes to growing a small business, there are several facets that help drive its growth including:

• A strong business plan
• A competitive business strategy (quality of leadership and clarity of vision)
• A solid product or service
• Quality- and performance-focused operational, manufacturing and supply chain teams
• An effective sales and marketing strategy
• Customer focus and engagement
• Appropriate levels of risk and practices that are productive and legally compliant
• Strategic financial management
• Talented and engaged employees in the right positions
• Systems to make it all run effectively

The fact is that nothing after the first three items happens very well if you don’t have solid HR practices. A well-constructed HR strategy will enable your small business to focus on your business plan and your bottom line, which is exactly where your focus should be.

To execute the business plan effectively, you have to have highly competent and engaged people who are focused, accountable and able to get the job done. Otherwise, sales activity suffers, product can’t move, clients can’t be thrilled, finances can’t be managed to scale and, overall, the business can’t grow and produce more profit.

Additionally, there are numerous state and federal laws that dictate how people and HR processes are to be managed. Most small business leaders are not aware of the possible implications if they try to shoot from the hip on these things.

So yes.  You do need HR Strategies Now.  Click here to see how I can help.