Benefits of HR in a Recession Webinar

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Includes items company's HR departments should be doing to help weather the economic storm.

Includes items company's HR departments should be doing to help weather the economic storm.

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Transcript

  • 1.
    • Outsourced HR Solutions Group
    • “How Effective HR Can Help Drive Your Business in Recessionary Times”
  • 2. 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
  • 3. 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
            • O utsourced payroll management
            • Recruiting
  • 4.
    • “… 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?
  • 5. What triggers the “thought” to outsource?
    • Efficiency? Core Competence? Resources?
    • Focus? Scalable? Cost-effective? Expertise?
  • 6. 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?
  • 7. 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?
  • 8. 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?
  • 9. National Survey Results
  • 10. Why companies consider outsourcing their HR function?
    • Pivotal survey of CEO’s identified 3 key factors in
    • Decision to outsource HR;
      • A proven track record of success/ can do it better than we can internally
      • Solve my “Pain Point” quickly
      • Outgrown or missing HR capability
  • 11. Recession continues … November data show largest net loss in 26 years; Ontario's manufacturing sector hit especially hard
  • 12. 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
  • 13. 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
  • 14. 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
  • 15. Can no longer afford the “Deadwood”!
  • 16. 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
  • 17. Where is the value in outsourcing? 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!
  • 18. Summary: HR Outsourcing Helping Drive Your Business in Recessionary Times
    • Smarter / Cheaper / Better
  • 19. Questions?
    • www.pivotalsolutions.com
    • Call Mike Salveta at 905.890.4494 to request a HR Assessment