HR Strategies to Strengthen Your Business

HR Strategies to Strengthens Your Business

To achieve strategic goals, your company needs to recruit, hire, develop, and retain top talent. Having a strong HR strategy that works in partnership with your business strategy supports those activities, helping strengthen your business while maximizing your talent and resources. You need an HR team that understands how the two strategies work together. Employco can help ensure that your HR strategy is supported by policies, tools, and objectives aligned with your overall strategic goals to drive success. Here are some ways HR strategy helps support your business strategy and strengthen your business.

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The Cubicle Revolution: Apple Employees Lead National Pushback Against the Return to Office

Employment expert weighs in on why today’s workers are digging their heels in and refusing to get back to work

Return to Office Pushback

When Apple CEO Tim Cook asked employees to spend at least 3 days in the office starting next month, it seemed like a reasonable request. But Apple employees banded swiftly together and created a petition protesting the mandate, saying the push to get back to the office doesn’t consider “the unique demands of each job role nor the diversity of individuals.”

Rob Wilson, employment trends expert and President of Employco USA, a national employment solutions firm with locations across the country, says that his clients have given him the same feedback.

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Reasons to Outsource Your HR

Human Resources (HR)

HR plays an essential role in the success of your company. HR is a strategic part of the success of your business. Your company must recruit, hire, develop and retain top talent to remain competitive. To do that, you need HR professionals with expertise in managing processes and maintaining compliance with regulations that have consequences if not performed correctly. To do this in-house comes at a cost. Partnering with an HR outsourcer can offer insight and guidance to ensure your HR needs are supported and that you achieve your HR objectives while helping you save money.

Here are some of the benefits of outsourcing your HR:

Reduce Costs
Looking for ways to reduce costs or maximize spending is essential to remain competitive. Outsourcing HR roles and activities can help reduce overall costs compared to keeping them in-house and on your payroll. From streamlining processes and managing HR tasks to lowering your benefits package, outsourcing HR functions helps you increase profitability. Partnering with an HR outsourcer like Employco enables you to control employee costs and gain a competitive advantage in stabilizing your company’s future expenses.

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Biden’s Auditing Army Will Push Small Businesses to the Brink

HR expert Rob Wilson says small business owners need to be prepared for the IRS crackdown

IRS

If you are a business owner, an IRS audit could be headed your way very soon. Last Sunday, Senate Democrats voted unanimously to pass the Inflation Reduction Act, which will allocate billions and billions of dollars to beefing up the IRS department…including the addition of 87,000 new IRS agents.

“Biden’s legislation plans to devote $80 billion to the hiring of 87,000 new IRS auditors,” says Rob Wilson, President of Employco USA and employment trends expert. “The funds which are received from auditing Americans are meant to help curtail costs incurred from new tax legislation. Unfortunately, it’s going to be America’s small businesses who end up feeling the brunt of these measures.”

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What Does Stagflation Mean for the HR Side of Your Business?

Stagflation

For workers in their 50s or younger, the term stagflation may be unfamiliar. But anyone who experienced the combination of high inflation and recession in the 1970s is well-acquainted with this unfortunate economic phenomenon. The factors that produced stagflation are back again today. Businesses will need to evaluate their operations to see what can be optimized to help fine-tune their operations in a challenging economy. Evaluating your HR processes and expenditures can play a significant role in helping your organization navigate stagflation.

Stagflation – Then and Now
During the 1970s, the Fed pursued aggressive strategies to reduce employment after the Vietnam War – even in the face of high inflation. Spending on social programs also rose significantly during this period. At the same time, the oil embargo and rising production costs added to the increase in consumer prices while generating a recession.

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HR Tips When Entering a Recession

HR Tips

Dealing with the prospect of an economic downturn is challenging for any organization. It’s better to be out in front of it than behind and the time to plan is NOW. Here are some HR strategies to help your organization weather a recession.

Evaluate Your Employees’ Skills and Provide Training
In an overall strategy to help reduce costs, employees are often asked to do more with less. That’s especially true during a recession, where employees may need to take on additional tasks or work when an open position is put on hold or layoffs are necessary. Now is the time to evaluate your employees’ skills to ensure you have the right people in the right positions. Investigate where you can upskill or cross-train people for potential new roles, and then provide that training. Succession planning can also help you evaluate who could step into a position if an employee departs, helping to maintain continuity.

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Can We Talk? Communication Policies in the Hybrid Workplace

In any company, good communication is vital. Effective communication promotes trust and builds stronger teams across the company as it helps strengthen relationships. It boosts productivity and can help resolve issues quickly. Having the right communication strategies and policies in a hybrid workplace becomes even more critical and challenging. In-office communication is often synchronous, with many face-to-face interactions in real-time throughout the workday. But in a hybrid workplace, with employees spread out across various workspaces and time zones, much of the communication throughout the day becomes asynchronous, and it’s easy for communications to slip through the cracks. Here are some strategies for maintaining good communications in a hybrid workplace.

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The HR Side of Preparing for a Recession

Employment trends expert Rob Wilson weighs in on how employers can prepare for a recession

Recession

While many people were encouraged by the positive jobs report at the beginning of the month, other experts say that we should brace ourselves for the possible reality of another recession.

“The fact that we added so many jobs in June is wonderful news, but it can also be very misleading,” says Rob Wilson of Employco USA, an employment solutions firm with locations across the country. “I think part of the reason why we gained so many jobs at the start of the summer is that many college-aged kids and young people took summer work, but when fall hits, I think we may have disappointing numbers again.”

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Home Sweet Office: Navigating the Workplace Evolution

Hybrid Work

The pandemic created dramatic changes in how we work. Where once remote work was less common, almost overnight, businesses had to pivot to enable their employees to work from home. For many employees, the ability to work from anywhere gave them better work-life balance. In some cases, businesses saved on operating expenses when they were able to downsize their office spaces and cut other related costs.

But remote workplaces come with various challenges for businesses, from problems with asynchronous communications, lack of engagement, and even burnout. As the world opened up again, many organizations called their employees back into the office. But with so many workers demanding remote workplace options, many businesses are having to pivot once again to a hybrid model that includes time working both in the office and remotely. These ever-evolving hybrid workplace models represent challenges for businesses navigating them.

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No Zoom for You! Elon Musk Says “Get Back to Work”

Employment trends expert talks about getting employees back in the office and dealing with COVID exposures

Back to the Office

Elon Musk made a big announcement on Tuesday: He ordered all of his executive staff to spend at least 40 hours in the office every week, or risk losing their positions. “This is less than we ask of factory workers,” said Musk, in the employee memo which was leaked to the press.

Rob Wilson, President of Employco USA and employment trends expert, says that Elon Musk’s message is aligned with what he is hearing from his clients across the country.

“Employers want their staff back at work,” says Wilson. “Despite the fact that many employees are happy being hybrid or even fully remote, many companies want to get their productivity back on track after a rough couple of years. And since culture-leaders like Musk and other tech giants like Microsoft are pushing employees back to the office, I think this will set a precedent that smaller firms will also follow.”

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