For business owners and executive leadership, we understand that turnover in your organization can be frustrating, especially in human resources (HR). Fractional HR support refers to the practice of outsourcing or utilizing part-time HR professionals or services rather than hiring full-time HR staff. There are several reasons why fractional HR support can be advantageous for […]
For business owners and executive leadership, we understand that turnover in your organization can be frustrating, especially in human resources (HR). Fractional HR support refers to the practice of outsourcing or utilizing part-time HR professionals or services rather than hiring full-time HR staff. There are several reasons why fractional HR support can be advantageous for businesses. Cost-effectiveness: Hiring full-time HR staff can be expensive, especially for small and medium-sized businesses. Fractional HR support allows companies to access HR expertise without the financial burden of a full-time salary, benefits, and overhead costs. Flexibility: This support offers flexibility in terms of the services provided and the duration of engagement. Access to expertise: Fractional HR providers often bring a breadth of experience and expertise across different industries and HR functions. This can be beneficial for businesses that lack internal HR capabilities or need specialized knowledge for certain projects or initiatives. Focus on core activities: By outsourcing HR functions, businesses can free up internal resources and focus on core activities that drive revenue and growth. This support allows companies to delegate administrative tasks and compliance responsibilities, enabling them to concentrate on strategic priorities. Scalability: Fractional HR support can easily scale up or down based on business needs and fluctuations in workload. Whether it’s handling seasonal hiring spikes or supporting business expansion, fractional HR providers can adapt their services accordingly. Risk mitigation: HR compliance is a complex and constantly evolving area, and non-compliance can result in legal issues and financial penalties. This support can help mitigate these risks by ensuring that businesses stay up to date with labor laws, regulations, and best practices.
Anthony LaPolla is president and CEO of Empower Business Strategies. Contact him at anthony@gowithempower.com.