There are lots of reasons why a retained HR service might make sense for your business and we have captured some of the top benefits.
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Expertise and guidance on tap. Having a retained HR service means you have access to professional advice in specialist areas such as employment law, performance management, talent management and reward, as and when you need it.
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Cost savings. Hiring a full time HR team may not make financial sense for your business. Retained support allows you to access the same level of knowledge and expertise on an ‘as required’ basis, at a fraction of the cost.
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Flexibility. A retained service offers you great levels of flexibility, allowing you to scale support up and down depending on your business needs. This is really useful when you have a specific project requirement or you are going through a period of growth or change.
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Time. By working with a HR professional on a retained basis, you can free up your time to focus on what you do best. You and your team can concentrate on activities that are directly related to the achievement of your business strategy and objectives.
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Best practice advice. HR professionals offering retained support often have multiple clients and have access to a variety of organisations and industries. This exposure means they are updated on the latest trends, ideas and ways of working and can incorporate this best practice into the work they do for your business.
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Risk mitigation. Having someone at the end of a phone when you need them means that you can easily and quickly get reassurance to avoid potential legal issues. Retained services often include a review of your key documentation to make sure your policies and processes keep you compliant.
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Confidentiality and objectivity. Having external support can mean that you have an objective viewpoint and maintain confidentiality when dealing with sensitive issues. This often leads to a more effective resolution of issues.
Having retained HR support offers organisations access to specialist expertise in a cost effective way, helping you to focus on your core business. Services can be tailored to the needs of the individual business and can be anything from a hands off advice service, through to a complete provision of a pop up HR department. If you would like to explore our retained options we would love to hear from you. Contact us for an initial chat.