Benefits of HR in a Recession Webinar

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Outsourced HR Solutions Group “How Effective HR Can Help Drive Your Business in Recessionary Times”

Transcript of Benefits of HR in a Recession Webinar

Page 1: Benefits of HR in a Recession Webinar

Outsourced HR Solutions Group

“How Effective HR Can Help Drive Your Business in Recessionary Times”

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What you will learn today

• Why Companies outsource • Why leaders consider outsourcing their HR function • What HR Activities should you be doing today to

survive in recessionary times

• Case study / Value comparison

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A little bit about Pivotal

Experience: 25+ years/ Private/ Canadian

Market Position: broadest range of HR solutions

» Outsourced HR management» HR assessments» HR Help Desk» HR projects» Outsourced payroll management» Recruiting

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“…outsourcing works well when the outside vendor brings a set of best practices that are outside your company’s expertise…” Bill Gates, Business @ The Speed of Thought

Why Outsource?

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What triggers the “thought” to outsource?

Efficiency? Core Competence? Resources?

Focus? Scalable? Cost-effective? Expertise?

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Answering some hard questions;

• How efficiently are you using your people at this critical time?

• Are you focused on your core competence that drives customer value?

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Answering some hard questions;

• How can you compete with bigger companies and their talent pool?

• How scalable are your operations; in good times and bad?

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Answering some hard questions;

• Do you have the culture, skills and infrastructure to succeed?

• What is the cost if we lose good people or they disengage?

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National Survey Results

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Why companies consider outsourcing their HR function?

Pivotal survey of CEO’s identified 3 key factors inDecision to outsource HR;

1. A proven track record of success/ can do it better than we can internally

2. Solve my “Pain Point” quickly3. Outgrown or missing HR capability

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Recession continues…

November data show largest net loss in 26 years; Ontario's manufacturing sector hit especially hard

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How can HR help drive your business in a recession?

• Reset your HR plan for lean and evolving times

• Get your team onboard; communicate it• Identify who is key to the organization and who is

not• Ramping up employee engagement and

productivity

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How can HR help drive your business in a recession?

• Keep Recruiting

• Have a Workshare plan ready to go

• Manage Performance & Productivity levels

• Manage Total Compensation & Benefits

• Keep training your people

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How can HR help drive your business in a recession?

• Appropriate your resources carefully

• Keep talking

• See and share the silver lining

• Keep up-to-date with Employment Law

• Employee Relations

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Can no longer afford the “Deadwood”!

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What we achieved

• Establish 3, 6, 9 and 18 month competency needs based on a business end state

• S.W.O.T. analysis• Categorized A, B & C players objectively• Restructured roles / strategic downsizing• Restructured Compensation• Saved $800,000 in annualized costs with no

impact to capability• Lost no A players

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Internal Hire Pivotal’s HR Solution

Experience Limited to Individual Best Practices

Approach Tactical / Political Strategic / Objective

Specialty Skills Paid Consultants Integrated Team

Skills Level Generalist Skill Matched

Scalability Additional Hires Inclusive of Team

Cost Increasing Known

Recession Experience!

Where is the value in outsourcing?

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Summary: HR Outsourcing Helping Drive Your Business in Recessionary Times

Smarter / Cheaper / Better

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Questions?

www.pivotalsolutions.com

Call Mike Salveta at 905.890.4494 to request a

HR Assessment