BENEFITS OF INVESTING IN HR

Why great HR is something you can’t afford to do without.

Effective HR can save and make organizations money. Discover how budgeting for HR up front can generate big returns for your business.

How effective HR programs can save you money

It Helps You Avoid Costly Mistakes
Our HR Advisors can help you save thousands of dollars in common HR costs and penalties:

$50,000
Potential cost of a single bad hire
due to lost productivity, rehiring,
onboarding, and training expenses.

$10,000
Potential penalty for wage & hour
violation under the Fair Labor
Standards Act.*

$7,000
Potential fine for each Occupational
Safety and Health Act (OSHA)
violation.*

$1 invested in HR saves $10 in long-term investigation and litigation costs

How effective HR programs can make you money

A key function of successful HR programs is to help
employees become and stay engaged and productive. But what does that look like when it comes to a company’s bottom line?
Researchers at Cornell University studied several hundred companies that invested in key HR practices. The results showed significant financial impacts:

23%
FASTER
PROFIT
GROWTH

22%
HIGHER
SALES
GROWTH

67%
LOWER
TURNOVER

Research shows that investing in HR can result in a host of other benefits as well, including:*

  • Greater customer retention
  • Higher productivity
  • More operating income
  • Increase in referrals
  • Less employee absenteeism
  • Fewer safety incidents

Discover all the ways our HR services can benefit your business. Let’s get started!