Is a Management Consultant right for your business?
by Richard Hollabaugh on 08/22/11
In today’s economic climate, businesses need to develop new ways of thinking and doing business in order to survive and grow. Traditional hiring and training strategies are no longer best practice. For nearly all companies, utilizing the experience of seasoned and expert professionals on a temporary contract basis, reduces costs and brings a level of professional management to the organization that would not be feasible in a traditional employee scenario. When the economy slows and profits begin to fall, all too often businesses feel they need to look at laying-off employees as a way to increase income or reduce losses. Unfortunately, this may be just a short-term fix, hampering the long-term plans for growth, profits, and the ability to stay ahead of the competition.
In successful and growing companies methods for streamlining and new technology are leading the way. Encouraging growth and change is happening for those businesses that bring in experienced expert resources. It is expensive to hire and train new employees. Many HR experts say that up to 30% of a new or replacement position’s salary can be spent on just the cost of searching and hiring—and that does not include the costs associated with training and benefits. Consideration should be given to engaging a short-term dedicated consultant who can provide training, technology and expertise to your team. Because of their vast experience of working in many different companies, consultants can identify inefficient, ineffective and non-value added activities and can objectively recommend and implement new systems as a means to reduce costs.
It is very important in today’s economy to relentlessly search for valuable ways to improve the efficiency and effectiveness of your operation. You are likely to find that your return on investment in engaging a consultant is delivered to you many times over as your consultant is able to help you make significant advances in business optimization.
If you are interested in learning more about how working with a consultant can benefit your organization, contact Rick Hollabaugh with The Eagle Team by email at rhollabaugh@eagleteamone.com or call him at 904-400-8486.
Consulting services are not a cost to your business but rather an investment in your businesses.
