Businesses with at least one employee should have some kind of HR function. However, it’s important to begin planning for a dedicated HR function early in development. However, research shows that 54 percent of small businesses handle employment matters themselves or have another staff member handle HR issues piecemeal to save money. Still, some of these staff members who take on HR responsibilities are typically not prepared to do so.
1) Compliance and establishing systems
Companies need to make sure they are staying compliant. Every company must follow laws and standards, some related to employee rights and others to employer responsibilities. Some laws vary from state to state. If you are handling certain HR tasks in-house, including hiring, onboarding, payroll, and termination. Your business HR must be familiar with current legislation and compliance.
2) Workforce planning
Your HR strategies should align with your business goals. Your HR must be part of your executive team to understand how to support your company’s goals and help you reach them.
3) Administrative
It is not the fun part of HR, but it’s a necessary and important part, including payroll, paperwork, and benefits. This relates to compliance because not filling paperwork correctly or not knowing what your company is legally required to provide to employees can cost a lot of money.
4) Recruiting
Recruiting is an opportunity to create a great experience, set a positive and inclusive company culture, and establish your brand as a “want to work for” in your industry.
5) Training and development
Employee engagement is directly tied to employee retention, and opportunities for career development and learning are among the largest factors in employee engagement. HR reps can lessen turnover rates and improve retention by doing one thing: Offering learning opportunities and a path to advancement for all employees.
Having dedicated HR staff is important, even if it’s only a team of two, because it can set your company apart from competitors in the talent marketplace. If you’re outsourcing some of your HR tasks, like payroll or employee screening, you’ll still need a dedicated HR staff member to be a point of contact for your employees.
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