Advisor Idea Generator

Step 1 of 3 – Industry

What industry is your client in?
  Mortgage brokerage
What challenge are they facing?
  It's a team of 100 but there's only 1 HR person that's stretched thin.
What have you tried?
  Time & priority management, and a few other things.
Response
 

Thank you for coming to me for advice on your client’s challenge. To help them with their human resource problem, I recommend the following suggestions:

1. Utilize Technology – Implement HR software that allows for easy record-keeping, employee self-service, and automation of administrative tasks such as leave requests, performance evaluations, and benefits enrollment. This will reduce the burden on the HR person and allow them to focus on more strategic tasks.

2. Develop a Cross-Functional HR Team – Identify employees from various departments who have an interest in HR and are willing to devote a few hours a week to assist the HR person with tasks such as resume screening, interview scheduling, and onboarding. Cross-functional teams can be a great way to share knowledge and build internal expertise.

3. Outsource HR Functions – Consider outsourcing certain HR functions such as benefits administration, payroll processing, and compliance management to third-party vendors. This can free up the HR person and enable them to focus on tasks that are more critical to the business.

4. Implement Lean HR – Adopt lean methodologies to streamline HR processes and eliminate waste. For example, you could do an analysis of how much time is spent on tasks that don’t add value to the business and then work to reduce or eliminate those tasks.

5. Adopt Agile HR – Adopt Agile methodologies in HR to make HR processes more flexible and responsive to changing business needs. This could involve breaking HR tasks down into smaller, manageable pieces and delivering them in short sprints.

Frameworks that could be helpful to implement for this challenge include:

– Human Resource Information Systems (HRIS) – HRIS can automate many HR functions and provide real-time data for strategic decision-making.
– Lean Six Sigma – This methodology can help organizations streamline inefficient processes and identify opportunities for improvement.
– Agile HR – This approach to HR involves breaking down HR tasks into smaller, more manageable pieces, and delivering them in short sprints.

I recommend working with your client to develop a detailed implementation plan that includes timelines, responsibilities, and metrics for success. By adopting some of these strategies and frameworks, your client will be able to optimize their human resource function and drive business success.

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