4 WAYS A FRANCHISE HELPS WITH HR

Franchisees can tap into expert advice to deal with employees.

When you buy a franchise you will effectively be running a small business and that means chasing key priorities such as cash flow, sales, inventory and customers. Within this, HR is often left low on the priority list, though the importance of getting it right is quickly recognised.

The good news is a franchise can provide support in managing some key HR requirements so you have less to figure out on your own.

Here are five ways in which owning a franchise can help with your HR.

1. EMPLOYMENT CONTRACTS

Navigating through employment awards and contracts can be tricky and time consuming. Franchisors often provide a standard set of employment contracts, reducing the amount of work required researching, drafting and setting them up.

These contracts are usually legally compliant and secure employer and employee interest in a fair and equitable manner.

2. HR METHODS, POLICIES AND PROCEDURES

What do small business operators do when they are faced with complex HR issues? They rely on the internet for answers. Unsurprisingly, this is a recipe for disaster due to the wide range of unverified or outdated information collected.

Owning a franchise can come with access to important HR policies, procedures and systems. This helps significantly in managing compliance requirements in addition to removing the need to build essential tools such as social media policy, privacy and confidentiality, bullying and harassment policies and other business-specific policies.

Invest in a franchise and tap into advice that can help you deal with some of the trickiest elements of

business ownership.

The HR Dept Fremantle Cockburn WA

3. ABILITY TO ATTRACT SUITABLE TALENT

One of the biggest challenges for small businesses is the ability to attract suitable employees. Potential employees prefer to work for established and recognisable brand names, as opposed to stand-alone businesses or lesser known brands. This can significantly increase the available pool of people to recruit from and can help retain the right employees for longer compared to non-franchise businesses.

4. STREAMLINED PAYROLL

Setting up payroll is often faster and easier in a franchise, simply because it has been done before within the network. Franchisors also assist by providing or recommending the appropriate software for managing payroll and setting it up correctly to suit the industry needs and relevant employment award.

5. POWER OF THE NETWORK

If you are faced with an unusual employee issue or a tricky situation, chances are someone else within the franchisee network has dealt with something similar before.

Some franchisors may also have nominated HR advisors who can help with everyday people matters and give the franchisee confidence to deal with their employees.

Additionally, franchisees are kept up-to-date with relevant employment law changes, minimum wage increases, etc.

HR TOOLS

Many franchisors provide HR assistance as a risk management strategy that benefits both the franchisee and franchisor alike. The value of this is immense – from lower cost of setting up HR to having access to tried and tested systems and practices.

While these do not replace the time it takes to effectively manage people, the tools and infrastructure help greatly in setting up your business for HR success.

Meena Silk, director, The HR Dept Fremantle Cockburn WA.

Owning a franchise can come with access to important HR policies, procedures and systems.