HR Consulting- What is it and why does an organization need it?

What is meant by HR Consulting?

Organizations often hire third-party counseling services to optimize the potency of their Human Resource department. HR consulting is a desirable way to outsource advisory services related to the industry; it is an economical method.

How are HR Consulting services beneficial?

1)      Economisation of costs

Companies all over the world endeavor to minimize costs to gain more surplus, which can be re-invested in the firm.

Employees are the true assets of a company; a company's position is dependent on the performance of its employees. Organizations make efforts to maintain the existing, experienced employees who are knowledgeable of the industry norms. Companies constantly make efforts to motivate their workforce and to reduce the overall staff turnover.

2)      Efficiency and effectiveness

An organization must ensure optimum utilization of resources which means minimal wastage with maximum output. When an organization outsources HR firms for advisory services, the division of work internal to the organization becomes easy. The internal stakeholders can focus on other important tasks, it ensures proper division of labor. 

An organization can attain its goals in the right direction as provided by HR consulting services.

     3)    Formulation of Policies

HR Consulting organizations help in developing policy frameworks.  They help to streamline HR operations in accordance with their clients’ needs.

     4)   Provide recruitment solutions

HR Consulting firms provide recruitment services for their client firms. They ensure the selection of quality workforce for the organization keeping in mind the company’s workforce requirements. 

Various HR consulting and placement agencies ensure the recruitment of the most suitable candidate for the organization. Employees are selected based on their education, experience and industry knowledge.

HR Consultants and Placement Agencies

HR Consultants help their client firms to meet their staffing requirements within the said time frame. They offer recruitment services for various job positions demanded by firms. They act as placement agencies for firms and ensure the selection of the most competent employees.

HR Placement agencies provide jobs in the fields of engineering, marketing, IT and BPO amongst others. They harness the most potential candidates to meet the organizations goals and purposes. They provide a unique placement methodology to meet their client’s temporary and permanent workforce requirement.

a)       Permanent staffing solutions

HR placement agencies provide ideal candidates to various firms. HR professionals hire committed and hardworking employees, for the benefit of the firms. HR professionals test the employees at various levels to check their capabilities and dedication.

Permanent employees have a sense of job security which motivates them to take up responsibilities. They work hard to get promoted.

b)      Temporary staffing requirement

It is a proven recruitment method which is cost-effective and bears maximum results.  Young trainees are very energetic and hard working. They are keen to learn more and have impressionable minds which can be easily molded by the firms. HR professionals hire young employees as and when needed by their clients

c)        Skill-based recruitment

HR consultancies hire experts so that their experience and knowledge serves beneficial for the firms.

Conclusion

HR consulting firms provide a gamut of services to their client firms.  They perform recruitment services, ensure employee motivation. They also design employee compensation structures be it in the form of salaries, bonuses or shares. They also act as placement agencies. Outsourcing third-party HR consultancies are cost-efficient and help in a professional recruitment process. This helps organizations to focus on other relevant tasks; it improves the overall efficiency of the firm.

What are Payroll Services?

Payroll services are the most effective part of any business. Some business working on manually process like employee attendance, leave, salary process, etc. However, the use of the payroll services above all task is work automated, and you can grow your business. It is a system by which employer maintain and keep the complete financial record of the company. This includes details of the salaries of the employee's, bonuses, incentives, deductions, and net pay.

It seems to be a boring task but it includes many aspects like withholding of taxes from each payment and making sure, that accurate fund should pay to the correct government organization as due process established by law. At the same time, this work is very important as well as brainstorming because a small mistake can cost into a huge loss.

Features of the Payroll Services

• It manages information about the employees efficiently.

• It keeps the records of payments, debits, leave, etc.

• It creates a salary slip very conveniently.

• It creates and supervises the Payroll Process based on the salary structure of a particular employee.

• It keeps the records of the attendance /leave, payrolls, etc. of the employee.

Nowadays, many companies use Payroll software because these Softwares make the work easy for the companies having a large number of employee’s and it is not possible for them to maintain the record of every employee manually. It is also practically impossible. It simplifies the process of reporting, analysis and deals with the complete financial process of a company, which includes tax payment, collects employees PF and tax deduction, etc.

Job Consultancy

Nowadays, Job Consultancy in Bangalore is very normal because these job consultancy companies have tie-up or contracts with various companies to supply the workforce to the companies as per the requirements. In return, these companies charge some amount in the form of commission. Job Consulting companies advertise in newspapers or any job portal as per the requirements of the companies.

Role of Job Consultant Companies

Job Consultant Companies plays an important role in the end-to-end recruitment process:

•    Prepare a Job Description according to the mandate from the client.

•    Do job posting on different job portals and professional networking sites.

•    Contacting the candidates through cold calls or emails.

•    Handle the queries of the candidates over through phone or emails.

•    Guide candidates about the jobs according to their qualifications.

•    Screen the candidates’ profiles according to the mandate given by the client.

•    Follow up with candidates and schedule interview.

•    Coordinate with HRs for interview feedback.

•    Salary negotiations with selected candidates.

•    Sending offer letters to the candidates.

•    Keep a strict follow with the candidates until the time of the joining.

•    Maintain cordial relations with clients and candidates.

•    Managing the client and candidates database.

Moreover, in this competitive market, no company has time to do everything on their own that is why they hire these job consultant companies in the course of minimizing their workload.