Benefits of HR in a Recession Webinar
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Transcript of Benefits of HR in a Recession Webinar
Outsourced HR Solutions Group
“How Effective HR Can Help Drive Your Business in Recessionary Times”
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
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
“…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?
What triggers the “thought” to outsource?
Efficiency? Core Competence? Resources?
Focus? Scalable? Cost-effective? Expertise?
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?
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?
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?
National Survey Results
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
Recession continues…
November data show largest net loss in 26 years; Ontario's manufacturing sector hit especially hard
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
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
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
Can no longer afford the “Deadwood”!
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
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?
Summary: HR Outsourcing Helping Drive Your Business in Recessionary Times
Smarter / Cheaper / Better
Questions?
www.pivotalsolutions.com
Call Mike Salveta at 905.890.4494 to request a
HR Assessment