Setting up multiple companies to separate business interests can seem very straight forward. There are however important considerations. We explore the implications of owning too many companies.
Why Expert HR Support is Crucial
20 February 2019
Payroll, People
I have a saying; “business would be easy without clients or employees”. Many business owners and managers can easily relate to that statement, when they review exactly what they had to do last week and how much time was spent on staff issues rather than time spent focused on the business.
Employees take time to manage even when everything is on an even keel. But, when there is a problem an employee can become a task that ends up at the top of your priority list and you then spend most time on.
Whether it is disciplinary, dismissal, whistleblowing, sickness or absence, performance management, harassment or health and safety of the employees themselves, or others, one sure fact is… it’s going to take time to sort out.
It isn’t too bad for large companies, with full-time HR experts on board but it becomes a huge challenge for a micro business (four employees or less) that could mean at least 40% of your capacity is instantly removed from day to day operational capacity.
These situations are expensive for businesses, not to mention emotional and stressful for everyone involved. It also impacts the rest of your team and those on the sidelines… even more lost production.
So what can you do?
At Friend & Grant, we understand that any distractions from running your business are expensive distractions. Just as you outsource your accountancy to us rather than employing your own finance director, you can outsource your HR support too. Our partners, AHR Consultants, have a brilliant service designed for small & micro businesses that gives you annual HR support. For a micro business of less than five employees, the fee for annual HR support, called CybHR Start is £299 plus VAT per year.
CybHr Start includes:
- Access to unlimited telephone (10am to 4pm) and written HR advice
- Access to a legally compliant staff handbook containing 16 key policies
- Access to 220 + letter and form templates
- Employment contracts and agreements
This is all held in your own HR portal and is automatically updated for new legislation so you always have the most up-to-date versions.
If you’d like to know more about this service then please contact your client manager.
