HR can seem like such a hassle, but investing in well-rounded HR policies is investing in your company. A component HR department takes entry-level workers to supervisors, streamlines the onboarding process, and provides a safe place for employees to work out their issues. Here are some of our latest tips on how to invest in your Human Resources department.
Invest in Your Staff
It makes sense to do all that you can to retain your current employees, because hiring is a time and money consuming task. When you sort through resumes, you’re taking valuable time away from your other duties. Before you even hire someone, you’ve spent hours looking through applications and conducting interviews. After you hire, it takes time and effort to train the new employee. The SHRM’s Talent Acquisition Benchmark Report estimates the average cost of a new hire is $4,425.
When an employee is unhappy enough to leave their job, they take all their knowledge of your company and its day-to-day operations with them. This is often how businesses find themselves with new competitors. To find out how to boost your employee retention by offering competitive benefits, read more on our HR blog.
Invest in Flexible Jobs
Due to the COVID-19 pandemic, working from home has reached an all-time high. Employers often grumble, but many employees are happier working from home. The pandemic has been taxing for everyone, especially employers. We’ve had to learn how to be accommodating and resilient. If the job duties allow for it, consider allowing employees to continue working from home post-pandemic. A happy workforce is a loyal workforce. Read more about the changes to the workplace since COVID-19.
Invest in Paid Caregiver Leave
The “sandwich generation” consists of working adults who are raising kids and caring for aging parents. Even if an employee is childless, caring for elderly parents is emotionally and physically draining. If the employee has no leave available to them for this purpose, the strain is compounded. Read more about the benefits of paid caregiver leave on our blog.
And, in more pandemic news, President Biden issued an Executive Order on Protecting Worker Health And Safety. This could mean masks are mandated in the workplace and more. In addition, the second draw for the Payroll Protection Program is officially available for employers with under 300 employees.
Thanks for reading the latest from Navigate, your source for Strategic HR and Business Solutions. And thanks for subscribing and tuning into our monthly newsletter, The Compass. Until next time, be safe, well, and happy.
– Thomas DiSilva, CEO
