In today’s swiftly or rapidly changing business landscape, business owners are facing greater challenges than ever. Evolving technologies, globalized markets, changing regulatory requirements, and on top of that, competition for employee talent and increased employee litigation: these are just a few of the hurdles that businesses are facing at present.
As a business owner or an entrepreneur in India’s Silicon Valley, if you and your management team feel overwhelmed by the number of tasks to keep track of, hiring the services of the best HR consultancy in Bangalore is just what you might need. In this article, we discuss when is the right time to hire an HR consultancy in Bangalore to take your business to the next level.
Why Hire HR Consultants, and When?
Businesses, particularly start-ups, already know the importance of prioritizing, especially when it comes to allocating funds for spending. As a start-up owner, you need money to purchase equipment as well as to hire suitable employees who can work with that equipment. Chances are, taking the help of an external HR consultant is not on your list of priorities at this stage. But hold on, maybe it should be?
Activities related to human resource management, payroll and compensation are quite critical, but they fall in the category of non-revenue generating tasks. Even so, these activities can take as much as 40% of an entrepreneur’s time in a day. This problem can be resolved by hiring an HR consulting firm in Bangalore that can handle your company’s HR functions effectively. Delegating these tasks to a professional staffing agency in Bangalore can save you and your management team a considerable amount of time which can be utilized resourcefully to develop your company’s growth trajectory and strategy.
Look for These Signs…
Although there is no such thing as the best time for hiring an HR consultant, which applies to all companies, here are some strong signs which indicate that a particular company needs one right now. If you are observing any of these signs in your organization, it’s time to hire an HR consultant.
1. You have very few candidates
It has been months since the job order for a particular position was approved by your company. You have been losing money in terms of revenue and productivity. And yet, you’re nowhere near finding the right candidate to build your team. Rings a bell?
If you are struggling to get candidates for your job postings even after a month, it is time for you to hire an HR consultant. An HR consultant can help you advertise your company, and the job opportunity in a way that will attract qualified applicants.
2. There are too many candidates
In times of recession and slowdown, when job vacancies are limited, there is often a large influx of applications for a single position. Having an abundance of candidates is not any good once you realize that someone will need to go through each of those applications to shortlist the most qualified ones. As it becomes impossible to single out the best candidates from the crowd, companies eventually settle for a mediocre candidate when they could well have got a better one. An HR consultant can help your company with the job posting, screening candidates, interviewing, as well as background checking and pre-employment testing.
3. You don’t know how much to pay
One of the most important decisions a small or new company has to make is compensation. After all, salaries make up about 50-70% of a company’s expenses. If you pay too little, you won’t be able to attract and retain the best talent. If you pay too much, you are wasting funds that could have been invested in other areas for growing your business. Hiring an HR consultant lets you know the market rate for jobs in your company according to your skills and experience.
4. You are a startup
About 90% of startups fail eventually, mostly because they failed to hire the right candidates. If you want your startup to be truly successful in the long run, you must build a solid team first. To achieve this, you will need to hire the right team members. However, you may struggle to check this off your list because many people may be hesitant to work for a startup. They feel there is no job security and team members are required to go beyond their job description.
If that happens, hiring an HR consulting company is what you should do. As professionals with all the relevant expertise in the HR domain, they are able to position your job offering attractively, focusing on its full scope and possibilities. The top IT consultancy in Bangalore outsources its hiring requirements to tap the best available talent in the market and stay ahead of the competition.
Are you looking for an HR consultant right now?
If you are searching for an external HR consultant in Bangalore, get in touch with G&S Consulting Services. At G&S, you will find a team of experienced HR consultants who provide personalized services, timely delivery, affordability and quality. G&S has supported many IT/software companies with top-notch IT recruitment in Bangalore.