why small businesses and start-ups need hr sooner than they think

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HI Group – Consulting Services HR Health Check Position your Business for Growth

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Most small businesses and start-ups wait until they have HR issues to develop a structured HR system. We believe that if you create HR infrastructure early in the development of your company then you will be primed for quicker and more efficient growth.

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Page 1: Why Small Businesses and Start-ups Need HR Sooner Than They Think

HI Group – Consulting Services

HR Health CheckPosition your Business for Growth

Page 2: Why Small Businesses and Start-ups Need HR Sooner Than They Think

2

Purpose

HI Group – Consulting Services

Partnership. Diligence. Creativity. That’s the HI way.

When expanding your business, unexpected human resources issues can arise that prevent you from

meeting your goals. Our HR Health Check service will diagnose and cure these challenges resulting in

reduced operating costs and a scalable infrastructure that will prime your company for growth.

Page 3: Why Small Businesses and Start-ups Need HR Sooner Than They Think

The Problem

HI Group – Consulting Services 3

Most early-stage to growth companies do not have robust HR programs and make HR decisions based on critical needs, crisis-managing issues as they arise

We believe that companies can anticipate and mitigate these growing pains in the early stages by implementing a well-rounded HR infrastructure that will grow with them

Development of HR Infrastructure

Typical Timeframe

Recommended Timeframe

Time

Page 4: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Components of a Healthy HR System

Scalable HR

Operations

Complete, Digital

Employee Files

Documented Processes

Performance Review System

Accurate Payroll

Meets Legal Requiremen

ts

Effective Recruiting

and Retention

Culture of Learning

4HI Group – Consulting Services

Page 5: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Typical Challenges

When companies wait until later stages of growth to create an HR infrastructure, they typically experience the following challenges:

HI Group – Consulting Services 5

• Inconsistent processes• Inefficiencies in time spent on

administrative tasks• Ineffective recruiting • High turnover• Non-compliance• Stagnant company culture

Bottom Line: These problems inhibit sustainable growth.

Page 6: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Return on Investment

HI Group – Consulting Services 6

Experienced HR Manager

Junior HR Manager

HI Group

$100,000

$50,000

$5,000

Cost Designing a complete HR program in later stages of growth would require an experienced HR manager (average salary: $100K)

A junior HR manager would be able to run a program that is already designed (average salary: $50K)

An initial $5K investment for HI Group to design HR

infrastructure saves up to $50K/year

Page 7: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Methodology

HI Group – Consulting Services 7

I. Discovery

II. DiagnosisIII. Treatment

Our HR Health Check addresses challenges in three distinct phases:

Page 8: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Phase I: Discovery

Objective: • To gather information about current-state processes (e.g. review

documentation, evaluate back office administration, conduct employee interviews, etc.)

Key requirements we address:• Back-office administration• Training and Compliance• Benefits• Payroll• Recruiting

HI Group – Consulting Services 8

Discovery

Diagnosis

Treatment

Page 9: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Phase II: Diagnosis

Objective: • To develop recommendations for process changes that maximize

opportunities for cost savings

Key requirements we address:• Business Process Pain Points• Key Technology Gaps• System Integration• Outsourcing Opportunities• Vendor Performance

HI Group – Consulting Services 9

Discovery

Diagnosis

Treatment

Page 10: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Phase III: Treatment

Objective: • To implement agreed upon changes and ensure successful deployment

Key requirements we address:• HR Process Documentation & Automation• Fully integrated HR Software Suite (e.g. Exponent HR)• Individual software solutions: Applicant Tracking, Payroll, Benefits, etc.• Staffing / Recruiting Needs• Project / Change Management Support

HI Group – Consulting Services 10

Discovery

Diagnosis

Treatment

Page 11: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Summary

The majority of small businesses do not create scalable infrastructures Thus, only 2% of American companies ever grow beyond 100 employees By creating defined systems and implementing technology in early stages

of growth, you step ahead of the curve and ahead of your competition

Technology and Innovation Adoption Curve

11

Innovators

2.5%

Early Adopters

13.5%

Early Majority

34%

Late Majority

34%

Laggards16%

Where You Should Be For Optimal

Growth

Where You Are Without Established HR Infrastructure

HI Group – Consulting Services

Page 12: Why Small Businesses and Start-ups Need HR Sooner Than They Think

HI Group - Founder & CEO

13HI Group – Consulting Services

Director in Human Resources at Goldman Sachs Dallas (Real Estate Finance Division)

Served as Director of HR Technology and Diversity Officer Developed an HR Technology roadmap to improve HRIS and downstream applications Led a 12-month initiative to implement Diversity and Inclusion programs, resulting in a

fundamental cultural shift

Vice President at Goldman Sachs New York (Human Capital Management Division) Held a variety of roles in Human Resources and Operations over a span of 5 years, including

Mergers & Acquisitions and Global Mobility Services Led a large project to insource, design and implement a new HR technology software

Global Mobility Consultant at Ernst & Young (Tax Practice) Spent 5 years consulting with the International HR and Technology teams Developed a strong foundation in client service, change management, and technology

Stephen Huerta is Founder & CEO of HI Group. Passionate about entrepreneurship, HI Group was launched in 2011 to bring unique HR perspective to businesses, small and large, by encouraging them to “Think HI”.

Page 13: Why Small Businesses and Start-ups Need HR Sooner Than They Think

Contact Us

HI Group – Consulting Services 13

www.thinkhi.com214.385.4893

/HIGroup

@thinkhigroup