| A product or service is only as good as the people | | | | people and an overhead budget of approximately |
| that make it, design it, or sell it. This means that one of | | | | $200,000 per year. |
| the most important assets of any organization is their | | | | Well, in the first place you would not need 5 HR |
| human capital. If you have qualified, enthusiastic | | | | people. Most small companies can do quite well with a |
| individuals, you will have a better chance of maintaining | | | | part-time HR person that is capable of giving good HR |
| a leading edge over your competitor. If you have poor | | | | advice and counseling. Costs may vary, depending |
| morale, low production, ineffective service, or untrained | | | | upon the expertise you are looking for, however, if you |
| individuals - the chances are pretty high that your | | | | find an independent contractor with solid HR |
| organization will be in the top 33% of all organizations | | | | experience, an hourly rate for tasks completed would |
| that fail. People really do make the difference. | | | | probably be very cost effective. |
| It is easy to see why HR is the most expensive part | | | | What can you, as a small company owner or |
| of doing business if you consider that studies show | | | | manager do to have the leading edge and have your |
| that the expense of having employees is about 40% | | | | employees weigh in on the asset side of the ledger |
| of a company's profit,. Large organizations have | | | | and not on the liability side? Talk to various human |
| always seemed to have HR expertise - they have | | | | resource consultants and pick one that is right for your |
| fully staffed HR or Personnel Departments with | | | | organization - one with experience, capabilities, and |
| varying degrees of specialties, such as compensation, | | | | knowledge of human resource functions. Look at tools |
| benefits, training, recruiting, etc. A fully staffed HR | | | | and resources that will help you develop your staff. Be |
| Department in a large organization might consist of at | | | | sure to check out all available tools and resources and |
| least three people at a cost of about $200,000 per | | | | find the right one for you. |
| year - just for salaries. Just imagine what you, the | | | | Once you decide on the right combination you can get |
| small company owner, could do with a staff of 5 | | | | on with what you do best - run your company. |