Consulting quality and the value you get out of it is in the eye of the beholder. Whether you want to hire a consulting firm to generate fresh ideas for your business, get access to the consultants’ expertise and experience, or augment your business, these seven tips will make sure that you get the right firm hired and make your collaboration as effective as possible.
From regulatory uncertainty to breakthrough moments in corporate integrity and workforce diversity, the business world has been shaken up and there is now even more pressure on HR leaders to do the best they can to create workplaces where people thrive. These five rising trends are reshaping the work of HR leaders today.
You would never invest in an acquisition, capital equipment or any other business need without a clear idea of how much to pay for it and how to gauge the return on that investment. Yet many companies do just that when it comes to their most important and costly, asset — their people. How else can you explain the enormous number of companies that aim for the middle or median (up to 85% of companies, according to SHRM, match the market median for base pay)? The same happens when executives design total reward strategies: They often offer same perks and benefits that their competitors do, neither lagging the market nor standing out.
The key to managing labor costs is simple…well, not exactly. It's actually quite difficult, and even messy, which is why many organizations neglect to focus on this one thing. And it's not what you might think. It's not about shifting compensation from fixed to variable. Or about better controlling your health care cost trend.