We’re back with another episode of fractional HR is your HR.
Fractional HR is a match made in heaven with the True North HR team. We have years of experience providing businesses with customized HR solutions in compliance, recruitment, talent management, training, and more.
As businesses scale, they need more capable, experienced, and dedicated staff. It can be challenging to add to the team, considering the resources required, HR and otherwise.
Whether you have an in-house HR employee or are considering outsourcing the duties, fractional HR can be the answer to your expanding HR concerns and needs.
This blog post is a refresher on fractional HR and how it works specifically with talent management. If you’re ready to access this flexible solution to growing HR needs, contact us.
The True North way
As Albert Einstein once said, ‘If I had an hour to solve a problem, I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.’ At True North, we take a similar approach. We don’t jump straight to solutions when clients bring us their challenges. Instead, we take the time to deeply understand the root of the issue, ensuring that when we do provide answers, they are the right ones. We’re not just full of ideas – we’re ready to roll up our sleeves and do the heavy lifting to make real change happen.
We start with an audit because we want to understand where they stand in terms of compliance and systems. Once all the information has been compiled, we make recommendations and prepare a strategic HR plan for the year and beyond.
We review the project plan with the client, identifying gaps and implementing steps to bridge those gaps to fortify their HR.
Advantages of using fractional HR
At 25 to 50 employees, your business likely doesn’t have a full-time IT or finance employee. In small businesses, there may not be enough for a full-time HR staffer to take on, leading to a feeling of redundancy.
On the other hand, having too much to do can exhaust an in-house HR team and decrease productivity. Bring fractional HR into the mix, and you’ll set your employees up for success.
1. Cost-Efficient Employee Management:
Fractional HR eliminates costs, such as full-time salaries and benefits, as you only pay for the services you use, allowing you to budget accordingly for other vital aspects of your business.
2. Flexible solutions:
HR needs are ever-evolving, especially during rapid growth or economic uncertainty. Fractional HR professionals are equipped to adapt seamlessly to these changes, offering support where needed and accommodating new tasks as they arise.
3. High-level expertise:
If your in-house HR team needs some support, such as in recruitment or compensation compliance, you can tap into fractional HR professionals’ specialized knowledge and experience without hiring additional full-time team members.
4. Goal achievement and long-term objectives:
When your HR to-do list continues to grow, and your team is pulled in multiple directions, it can be disheartening to see HR goals go unmet. Fractional HR allows you to address these tasks on an ad-hoc basis or regularly, facilitating the achievement of your HR goals effortlessly.
5. Access to a diverse team:
Companies have diverse employees, so their HR also needs to reflect diversity in its approach. Hiring an outside HR team ensures a variety of perspectives and access to multiple HR experts simultaneously.
Employee training and fractional HR
One of the reasons why businesses hire fractional HR specialists is because they’re expanding. Myriad recruitment tasks require a lot of attention, so outsourcing this part of the business can help take off the load.
HR consultants can recruit new talent, onboard them, provide any required training, and integrate them into the company at large.
Get more out of talent management with fractional HR
HR’s recruitment responsibilities don’t end after hiring. Here are more ways HR specialists can contribute to the overall talent management process.
- Implementing performance reviews:
Fractional HR experts set clear, measurable goals with every employee at the beginning of the year. Also at the end of the year, HR staff gathers input to measure employee satisfaction and identify areas for improvement.
- Employee relations:
At True North HR, we believe in proactively creating a company culture that emphasizes trust, transparent communication, employee engagement, equity, and life values. HR staff provides an active, listening ear to employees, resolving conflicts through mediation and providing counselling where needed.
- People strategy:
Fractional HR experts go beyond immediate recruitment needs and put on their strategic design app to attract, develop, and retain top talent. They work with top management to create a roadmap for managing and optimizing the workforce.
On-demand HR expertise
We know you’re deeply invested in your business, so always remember your biggest assets: employees.
HR is about people responsibility. Allocating money for it makes organizations efficient. Businesses that use HR services attract top candidates because it shows the company cares.
Don’t know where to begin? We can help .
