HR Check-In: Thriving During Times of Economic Uncertainty
The right HR products and solutions can help SMBs support employee morale and team cohesion.
There are many challenges facing small and midsize businesses (SMBs) today and being prepared for all aspects is vital. Uncertainty in the economy leads to uncertainty about how to take care of your business and—most importantly—your people. We cannot predict the next crisis, but if we utilize HR operations and people effectively during economic turbulence, SMBs can persist and even strengthen their business for the long term.
HR solutions for the people who matter most
The workplace has changed drastically with the shift to remote work, flexible hours, and a highly competitive labor market. This means employers have had to pivot, adjust, empathize, and clamor to retain their top talent. Keeping your business moving forward is a must despite the economic conditions. There are, however, measures that can be taken to help ensure that your business is in a better position despite economic turbulence. Keeping the lines of communication open is necessary to maintain employee morale and team cohesion.
Full-service HR for business success
Managing HR during the best of times can be a daunting task. Doing so during economic uncertainty adds an extra layer of complexity to go along with the regular functions of managing benefits, payroll processing, staying compliant, and more. The right HR products and solutions—including an HR technology platform that meets the modern needs of employees— are crucial to this effort. Consider key features such as:
• Real-time technology, including mobile capabilities, which empowers employees to manage many of their critical HR functions anytime, anywhere
• Onboarding capabilities that help employers make a good impression from day one • Workforce analytics that enable smarter HR decisions in real time
• Compensation consulting and benchmarking data to help strategize compensation offerings to attract top talent • A comprehensive employee benefits offering that today’s employees demand
• Industry-specific HR consulting expertise to provide strategic support necessary to cultivate an engaging company culture, professional growth opportunities, and additional perks that help them stand out from other employers
• Risk mitigation and compliance services for a distributed workforce to help SMBs protect their businesses while navigating complicated and evolving employment laws and regulations SMBs will continue to be resilient through the challenges—both anticipated and unpredictable—that are to come. Likewise, TriNet will continue to provide the HR solutions and products they need to help their businesses thrive.