As the owner of a bustling startup business, you have a lot on your plate. You’re responsible for maintaining the sales, service delivery, support, and the talent search you need to grow and scale. Because of all this, HR may seem like the last thing on your mind. After all, do you need another thing to manage or process to comply with?Despite all you have going on, the short answer to that question is without a doubt, YES. The fact of the matter is, if you don’t implement HR, all the rest of those to-do’s you are responsible for may just disappear because you failed to protect the very core of the business - the people.
Not implementing an HR program for your employees exposes a startup to significant legal risks that could cost the company, on average, $250,000 per lawsuit. For most startups, that one legal situation could be enough to shut down the business entirely. Additionally, there are significant benefits to implementing HR that go well beyond those necessary anti-harassment policies, mergers and audit protections.
Here are just a few of the additional advantages of partnering with an HR team that’s invested in the success of your organization:
Talent Recruitment: Wouldn’t it be great to have someone else find qualified people for your open employment opportunities? Select HR service providers will take over this process, so you need only come into the hiring process when it's decision time. The HR representative can become your new Chief Talent Officer, or, “CTO.”
Leadership Training: As the business scales, you’ll need to develop yourself and your team to handle the shifts and changes taking place. A knowledgeable HR representative will work with your employees to help guide them through a defined and organized path to successful leadership.
Payroll Organization: For many startups, payroll is managed and controlled by the CEO or owner of the business. An HR team can take over this process which frees up that time for the business owner to focus on other more important business tasks.
Culture Development: If your employees aren’t happy, the entire organization will likely suffer as a result. HR services can be utilized to define what exactly is broken within the culture, as well as developing a plan of action outlining how to fix it.
As you can see, although compliance and risk management are a big reason startups should consider HR services, Human Resources can help grow and scale the business more efficiently. Our team at HR Collaborative does not want to be just another HR firm; we want to become a strategic business partner that helps protect and support the growth of your new business. Contact us today if you want to learn more about the comprehensive HR services we provide to startups just like yours.