Help to Define Your Company’s Most Valuable Asset : Your People
Results you can expect working with BespokeHR
EN OYABLE, ENGAGING AND HIGH PERFORMING WORKPLACES
Are you feeling overwhelmed? Do you feel like you are spending all of your time on non-productive people issues? Don’t worry, we can help. How much time and money do you think people issues are costing your company? Below is a guide. Or use our HR Time Calculator to provide an indicative personalised amount for you.
| DO YOU HAVE ANY OR ALL OF THESE PROBLEMS? | THE TRUE COST OF THESE ISSUES | BESPOKEHR RESULTS |
|---|---|---|
| No time. | Our HR calculator predicts a minimum cost $60k /year spent on unproductive people issues and a minimum of $80k of higher returning areas not being focused on. | Time to focus on areas that will deliver a higher ROI. |
| Can’t attract the right people. | Cost of a wrong hire can cost between $20-$100k+ PER individual. | Be known as a great place to work. |
| Staff not performing, productive or not taking any accountability or responsibility. | The average difference between a top performer and bottom performer can be significant. In operational/procedures roles this can be a minimum of 2 times better output. In creative roles, this can be 10 times. | Performing and results focused staff. |
| Team not working together efficiently or effectively. | We estimate poor communication, doubling up, and red tape can cost a minimum of 20% in role productivity. What could each individual team member do with an extra 20% in their week. | High performing teams that support each other. |
| Pain, stress and cost of non-compliance (policies/ employee documentation and legislative requirements) or not sure if compliant. | Depending on the matter it could vary between $5000 – $3,000,000. | Compliant and stress free. |
| People keep leaving. | The number one reason people leave an organisation is due to their direct manager. Effective leadership training can improve productivity and retention which can ultimately impact your bottom line between $50-$500,000 per person. | People want to work for your business and you have leaders that people want to work for. |
| Don’t know how to grow. | If you do not recruit positions in the right order or don’t recruit in time you can end up burning people out or not having the right skills to grow or not generate enough revenue/ cash flow to support your new roles – $ varies. | Have a planned growth strategy. |
| Stressed, can’t sleep or hate coming to work. |
Priceless. | Peace of mind and excited about the future. |
| Don’t have skills to navigate through complex people issues or address staff conduct issues. | Yes there is lots of information on line but that takes your TIME. You can also collaborate with other business but need to make sure you don’t bind yourself to things that you are not doing or is relevant to your industry. How much time could you spend researching an area that you don’t know about? And if it is wrong – the costs could have significant legal ramifications. | Access to tools, resources and expertise to save you time and additional cost. |
| Scared to recruit or cant find the right people. | Recruitment cost for 1 x $50k role is estimated at minimum of $15k (recruitment costs, time, loss of productivity). | Increase confidence about appointing people who fit your culture. |
| Don’t know how to onboard employees properly. | High employee turnover = waisted time recruiting/inducting/onboarding and managing plus loss of productivity. | Make new employees raving advocates for your business. |
| Bullying or stress issues. | Each potential bullying and/or harassment allegations can cost between $25-50K+ (including investigation time, costs, downtime). | Open feedback enjoyable place to work. |
| Staff not happy, motivated or engaged | Gallups model – 1 in 3 employees are dissatisfied. Costs of dissatisfaction on productivity is estimated at $3,400 for every $10k of salary (eg $50k salary = that’s $17k/person). | Staff passionate about the company and feel connected. |
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