We often encounter savvy small business professionals who ask us whether they need HR for their company. Some small businesses grow fast, but they have budget limitations, which require them to be very deliberate with how they spend money.
We totally understand that which is why Florida Resources Management offers specialized HR services to cover as much or as little as necessary for your business. Here’s why you should consider outsourcing some or all of your HR needs for your growing enterprise.
HR is not 100% mandatory, but it’s difficult to run a business, even with a small staff, without a system for payroll, contracts, discipline, and several other items. As soon as your company grows, you’ll notice how complicated it is to manage these things and remain compliant with various regulations.
It’s not unusual for businesses to fail, often within the first year, because of poor accounting and record-keeping. HR is a helpful tool for avoiding many obvious and unforeseen problems.
While the Small Business Administration (SBA) defines “small business” as anything up to 1,500 employees, you may not want to wait until you reach that level to implement HR.
One rule of thumb: once your company has about 15 to 20 employees, you should establish some kind of HR program.
By then, it’s too large and complex enough to micromanage everything alone as a sole proprietor or manager. Fortunately, if your business isn’t going to get much larger, you can hire a consulting firm (like Florida Resources Management) on a part-time basis. We can also help you if you anticipate growing into a much bigger business.
If you’d like to leverage these advantages for your company, then it’s time to explore your options with Florida Resources Management. We help small and medium-sized organizations master HR, reduce risk, and minimize waste/redundancy. You can learn more about our services by calling us at 941-343-6160.