Well, even if you have just one employee right now, the answer is YES.
Now of course, I get it. There are already plenty of things to think about when you run a business and every single one will come with its own price tag that you need to absorb. So how do you separate the ‘nice to have’ from the ‘must haves’?
The short answer is that if it’s future-proofing your business, it’s probably worth considering sooner rather than later. As you grow, the more prepared you are now, the easier each growth transition will be.
If you’re still with me, I’m going to assume you’re ready to consider this a little further. So, here are some important reasons why even the smallest of business owners should reconsider their approach to HR…
Employment legislation applies to you too, even if you don’t want it too
Whether you employ 1 person, or thousands, you are liable if you’re not compliant with most employment legislation. I don’t say that to scare you – I just know that many small businesses aren’t aware that this is the case.
As a small business, having legal action taken against you is likely to put the business itself at risk. Is that a price that’s really worth paying when you could put policies in place now?
Putting a plaster on it rarely works in HR…
We all know that prevention is better than cure, but it’s particularly important with HR issues. People management is rarely easy and you’d be surprised at how quickly things can escalate if you hit a bump in the road.
Having clear policies and practices from the outset – and communicating them – is the only way avoid HR headaches of the future.
Good HR management can bring you surprising cash benefits
HR isn’t all about preventing the possible doom and gloom of the future. Have you considered the profit-making opportunities that good HR practices and policies can bring?
Let me explain. Engaged staff that are motivated and efficient means greater productivity. Greater productivity leads to greater profits. Can you see where I’m going? If you can ensure that your staff are performing, your leaders are inspiring, and that everyone is working effectively towards a common goal, doesn’t that make HR worth it?
You don’t need to invest thousands to get professional HR help
When you think of HR, does it conjure up images of consultants and projects and months of hard work? Don’t worry, that’s exactly the myth I bust on a daily basis. HR can be scaled to suit the needs of your business and if it’s a smaller package you need, we can help.
We offer a range of packages for small business owners who recognise the importance of HR but aren’t in the position just yet to embark on longer term commitments.
Our HR health check is our most popular package for SMEs. We do a deep dive on how your HR practices are performing, where there’s room for improvement, and any risks that need to be mitigated.
If you want to have a chat about your HR requirements, get in touch today and let’s start the conversation.