People Management & HR

Things startup owners need to know about HR

  • 4 min Read
  • October 10, 2016

Author

Escalon

Table of Contents

Human resources (HR) is important to your startup.


Why? The human resources or personnel function at your business is much more than handling payroll or health insurance.


Your human resources staff can play a crucial role in taking care of your employees, improving morale and handling conflict.


Because we strongly believe in the impact human resources can play in your company, we look at things startup owners need to know about HR.


The culture is created



 Your HR department can spearhead the development of your company culture, which should start from day one.


Your company culture can make or break your startup, so you want to be intentional about it.


The HR arena is the best place to define, present and further your culture, creating consistency throughout your startup.


Human resources can also help ensure your staff is staying true to your mission, vision and core values.


Hiring is efficient



Who you hire from day one matters a great deal for your startup. To help you find the right mix of employees, a good human resources leader is vital.


You want someone to take charge of the hiring and look for people who not only believe in your mission and vision but can take your startup to the next level.


To build a successful business, you have to understand your target market. To that end, you have to hire the right people who can attract and retain your customer base.


Orientation and training count



Have you thought about how you’ll on-board and train new employees?


If not, this is definitely something new startup owners should plan for.


You want to leverage your newly hired talent by providing them with proper and thorough training. Employees who are trained well are more likely to stick around and be loyal employees for a long time.


Every member of your startup team must know what their role is, how they are to fulfill it, what’s expected of them and why they’re doing it.


This is where your human resources staff member or team steps in.


When you have a highly-trained, highly-informed workforce, you maximize productivity at your startup and ensure that everything is getting done accurately and on time.


Talk to us about how our outsourced business services can help your startup improve the scalability and flexibility of recruitment.



Budget costs are maintained



You can count on human resources to watch your budget by curbing the management costs associated with running a new business.


They can negotiate better rates for health care coverage. They can help you set realistic salaries and wages and monitor employee reviews and raises.


Helping you manage your budget when it comes to employee items is a helpful HR task.


The rules are managed



An invaluable part of human resources staff is that they take care of the rules and regulations. This includes hiring, work hours, termination and much more.


They are the buffer between your employees and your company.


HR staff can take care of hiring and firing while staying compliant with the law and avoiding costly, messy lawsuits.


By having an HR staff in place, you ensure that someone is handling performance and job-related issues for you. They are negotiating conflict while documenting everything.


Not only are they handling the necessary hiring and firing tasks, but they act as a mediator when there is conflict between manager and team member or several team members.


This is anothher important task for your startup.


Final thoughts



Perhaps you’ve been reading this article, and you’re getting excited about hiring a human resources professional for your startup team.


But, what if hiring someone else just isn’t in your budget right now?


Well, there is another answer for your burgeoning startup. If investing in an HR professional just isn’t in your budget right now, you can consider outsourcing.


Outsourcing is an untapped market for your startup, and it is very viable.


You can outsource your human resources needs to a third-party professional. Expect this person to have extensive human resources expertise. Expect them to be able to help you take the right steps to move forward with HR.


You’ll find they are less costly than hiring an expensive full-time HR professional, and that they know exactly how to help.


Want more?

Since 2006, Escalon has helped thousands of startups lower their payroll costs and bring in lasting value with our outsourced HR solutions. Talk to an expert today.

 

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Leadership & Growth

Succession Planning: Preparing for Leadership Transitions 

Change is inevitable in business, and one of the most significant changes a company can face is a leadership transition....

Accounting & Finance

Sales Tax Compliance in the Digital Age: Challenges and Solutions 

The rise of e-commerce and digital business models has revolutionized how companies reach customers, but it has also added new...

Leadership & Growth

Implementing Lean Management Principles in SMBs

“Lean management” might conjure images of big manufacturing plants fine-tuning assembly lines, but the principles of lean are highly relevant...

People Management & HR

Developing a Competitive Compensation Strategy for SMBs

For small and medium-sized businesses, a competitive compensation strategy is key to attracting and retaining the talent needed to grow...

Accounting & Finance

The Role of Financial Reporting in Small Business Growth

Financial reporting often appears to be a routine exercise, but for small businesses, it can be the difference between reactive...

Accounting & Finance

The Impact of Accurate Financial Operations on Business Success

Financial operations encompass the systems and processes that govern every monetary aspect of a business—from managing payables and receivables to...

People Management & HR

The Benefits of Outsourcing Payroll for Small Businesses 

For many small business owners, running payroll is a time-intensive chore that requires meticulous calculation, familiarity with tax codes, and...

Accounting

Introducing C3: Your All-in-One Financial Management Platform

Managing your business’s finances can often feel like juggling too many tasks at once, especially when you’re trying to keep...

Accounting & Finance

Tax Planning Strategies to Maximize Small Business Savings

Small business owners often grapple with tax obligations that can swallow a large portion of their profits if not managed...