{"id":2209,"date":"2020-03-03T16:47:48","date_gmt":"2020-03-03T21:47:48","guid":{"rendered":"https:\/\/www.talentrise.com\/?p=2209"},"modified":"2020-06-24T12:28:05","modified_gmt":"2020-06-24T16:28:05","slug":"top-4-reasons-to-partner-with-a-talent-consulting-firm","status":"publish","type":"post","link":"https:\/\/www.talentrise.com\/top-4-reasons-to-partner-with-a-talent-consulting-firm\/","title":{"rendered":"Top 4 Reasons to Partner with a Talent Consulting Firm"},"content":{"rendered":"\n<p>In today\u2019s&nbsp;competitive&nbsp;job market, it\u2019s harder than ever to attract and retain high-quality,&nbsp;top&nbsp;performers. As businesses seek to improve their overall performance through people, savvier&nbsp;HR&nbsp;leaders&nbsp;understand&nbsp;the value&nbsp;of&nbsp;engaging&nbsp;an&nbsp;HR\/talent consulting firm&nbsp;partner&nbsp;such as&nbsp;<strong>TalentRise<\/strong>&nbsp;to help them navigate the many\u2014and often complex\u2014decisions they need to make.&nbsp;<\/p>\n\n\n\n<p>Here are my&nbsp;top four reasons to partner with a talent consulting firm.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. <strong>Broaden your perspectives.<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Whether&nbsp;you&#8217;re assessing current organizational gaps, selecting \u201cright fit technologies,\u201d or&nbsp;transforming the HR or recruiting function to support future&nbsp;talent&nbsp;needs, today\u2019s&nbsp;HR leaders and talent consulting partners&nbsp;both&nbsp;have&nbsp;similar, yet different&nbsp;experiences&nbsp;to&nbsp;address the many important decisions needed to stay current and competitive in the war for talent.&nbsp;<\/p>\n\n\n\n<p>But&nbsp;what\u2019s the one thing talent consultants&nbsp;bring to the table&nbsp;that&nbsp;an internal corporate&nbsp;HR\/talent&nbsp;leader&nbsp;may&nbsp;not be aware they&nbsp;need?&nbsp;Broad&nbsp;industry and\/or specialized&nbsp;knowledge and experience&nbsp;that&nbsp;lead to<em>&nbsp;<\/em><em>quicker,&nbsp;<\/em><em>proven&nbsp;<\/em><em>solutions<\/em><em>, often<\/em><em>&nbsp;with<\/em><em>&nbsp;a<\/em><em>&nbsp;lower risk of failure<\/em><em>.&nbsp;<\/em>&nbsp;<\/p>\n\n\n\n<p>To&nbsp;complement and&nbsp;empower HR partners,&nbsp;talent consultants&nbsp;readily&nbsp;share their:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Directly relevant, deep experience&nbsp;with the latest tools and technologies&nbsp;<\/li><li>Industry-competitive&nbsp;intelligence insights&nbsp;inside&nbsp;and outside your industry&nbsp;<\/li><li>Outside-the-box thinking&nbsp;and&nbsp;new&nbsp;perspectives to&nbsp;solving&nbsp;complex problems&nbsp;<\/li><li>Access to&nbsp;problem-solving tools, templates, and resources&nbsp;&nbsp;<\/li><li>Structured,&nbsp;proven&nbsp;approach to executing&nbsp;a&nbsp;solution&nbsp;successfully&nbsp; <\/li><\/ul>\n\n\n\n<p>By contrast, internal HR and recruiting&nbsp;pros who have worked for the same company (or in the same industry) for a long time tend to rely on familiar policies, approaches, and procedures.&nbsp;Since some industries are notorious laggards&nbsp;in innovation,&nbsp;sometimes the best solution can&nbsp;be found&nbsp;either&nbsp;<em>outside<\/em>&nbsp;your&nbsp;industry&nbsp;or&nbsp;could&nbsp;be resolved faster&nbsp;simply by trying a&nbsp;new&nbsp;approach.&nbsp;As a result,&nbsp;by not partnering with an outside HR\/talent consultant&nbsp;or firm&nbsp;on important HR&nbsp;and&nbsp;talent initiatives,&nbsp;your&nbsp;organization could&nbsp;lose out on the most current insights, best practices, and tools available.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Related:&nbsp;<\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/johnmattone.com\/blog\/how-a-consultant-can-turn-your-talent-up-to-10\/\" target=\"_blank\">How a Consultant Can Turn Your Talent Up to 10<\/a>&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. <strong>Make more informed strategic decisions.\u00a0<\/strong>\u00a0<\/h2>\n\n\n\n<p>Keeping up with emerging technologies and tech vendors can lead to headaches and&nbsp;confusion&nbsp;for&nbsp;many&nbsp;internal HR team&nbsp;members&nbsp;and&nbsp;leaders.&nbsp;With experienced talent consulting partners on-hand, it becomes easier&nbsp;and faster&nbsp;to&nbsp;<em>optimize business models and achieve organizational growt<\/em>h objectives.&nbsp;<\/p>\n\n\n\n<p>Consultants can help HR and business leaders make better, more&nbsp;informed&nbsp;strategic&nbsp;decisions about&nbsp;<em>people, processes, strategy,&nbsp;and technology<\/em>.&nbsp;We&nbsp;can do this because&nbsp;we&nbsp;spend 100% of&nbsp;our&nbsp;time&nbsp;in&nbsp;a continuous learning&nbsp;mode.&nbsp;Our&nbsp;livelihood&nbsp;depends on&nbsp;cultivating&nbsp;a stellar&nbsp;reputation as a consultant&nbsp;who is known&nbsp;for&nbsp;successfully completing projects&nbsp;with quick&nbsp;turnaround&nbsp;time&nbsp;while remaining within budget.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>By&nbsp;leveraging&nbsp;external consultants as \u201c<strong>trusted advisors,<\/strong>\u201d&nbsp;companies&nbsp;like yours&nbsp;capitalize on&nbsp;our&nbsp;years of experience building an inventory of best practices, innovative approaches,&nbsp;and&nbsp;proven tools&nbsp;to help HR&nbsp;and business leaders:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Align changing business needs to the latest talent management practices&nbsp;<\/li><li>Assess current gaps in technology, process and\/or strategy&nbsp;<\/li><li>Avoid making costly tech-related&nbsp;vendor selection or implementation&nbsp;mistakes&nbsp;<\/li><li>Select and implement right-fit HR\/talent technologies and AI tools&nbsp;<\/li><li>Push&nbsp;vendors to provide services they&nbsp;typically&nbsp;say \u201ccan\u2019t be done\u201d because&nbsp;it isn\u2019t convenient for the vendor&nbsp;<\/li><li>See a big-picture view of future-state&nbsp;mapped to improvement&nbsp;goals<\/li><li>Ensure the HR or recruiting model is optimized to scale with business&nbsp;growth&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p>Companies&nbsp;that engage&nbsp;consultants&nbsp;can&nbsp;make important decisions faster&nbsp;and&nbsp;minimize&nbsp;the&nbsp;risk of making a bad decision&nbsp;at the same time.&nbsp;<\/p>\n\n\n\n<p><strong>Related:<\/strong>&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/go1.predictiveindex.com\/lp\/partner-marketing\/report\/2020-state-of-talent-optimization?gclid=Cj0KCQiA4sjyBRC5ARIsAEHsELFnY94spN0WaaZgfpA8x4gcEEbRc4Pcifq2Lth7dygBaOiHA6aL4YAaAv81EALw_wcB\" target=\"_blank\">The 2020 State of Talent Optimization<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. <strong>Free up&nbsp;valuable internal&nbsp;HR resources.&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<p>The answer to most of life\u2019s problems&nbsp;is\u2014well, it\u2019s usually money\u2014but when it\u2019s not money, it\u2019s time. Time is&nbsp;<em>so<\/em>&nbsp;valuable,&nbsp;and&nbsp;of course,&nbsp;it is&nbsp;<em>the<\/em>&nbsp;reason&nbsp;we associate its value with the almighty dollar. Hence the expression, \u201c<strong>Time is money<\/strong>.\u201d&nbsp;<\/p>\n\n\n\n<p>Here\u2019s my point:&nbsp;When a time-sensitive or revenue-impacting HR\/talent-related initiative arises, partnering with a&nbsp;talent consultant&nbsp;or consulting firm&nbsp;will&nbsp;free up internal HR resources. This way,&nbsp;the internal HR&nbsp;efforts are not diverted from focusing&nbsp;on the day-to-day details&nbsp;of&nbsp;serving&nbsp;the business.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Don\u2019t get me wrong:&nbsp;I understand the business rationale for keeping these initiatives in-house as&nbsp;HR and business leaders&nbsp;often view these initiatives&nbsp;as&nbsp;prime&nbsp;developmental opportunities&nbsp;for their teams. However,&nbsp;in many cases,&nbsp;these tasks&nbsp;are&nbsp;added to an already full-plate of the&nbsp;person or team the initiatives are assigned to.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In&nbsp;some&nbsp;cases,&nbsp;this has the opposite effect&nbsp;because&nbsp;it&nbsp;creates&nbsp;more stress&nbsp;and longer&nbsp;hours&nbsp;that&nbsp;can&nbsp;negatively impact&nbsp;the&nbsp;employees\u2019&nbsp;performance and\/or&nbsp;deadlines\u2014not to mention the employees\u2019&nbsp;work\/life balance.&nbsp;&nbsp;<\/p>\n\n\n\n<p>A better approach would be to partner with an external consultant&nbsp;\u2013someone who&nbsp;becomes your trusted advisor&nbsp;to&nbsp;help&nbsp;drive the new initiative forward,&nbsp;involve the&nbsp;internal staff&nbsp;part-time as&nbsp;stakeholders, and work with your team to&nbsp;understand&nbsp;which parts&nbsp;of the project&nbsp;will&nbsp;align&nbsp;with&nbsp;a customer\u2019s&nbsp;career development&nbsp;goals&nbsp;When aligned in this manner, everyone wins!&nbsp;<\/p>\n\n\n\n<p>With a highly specialized&nbsp;talent consulting partner&nbsp;taking care of a&nbsp;particular project&nbsp;or initiative, organizations will be able to&nbsp;<em>accomplish more with a quicker turnaround<\/em>,&nbsp;so&nbsp;they can&nbsp;start reaping&nbsp;the benefits of the new&nbsp;initiative sooner.&nbsp;Some key benefits of this approach typically include:&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Creating&nbsp;opportunities&nbsp;to&nbsp;transfer&nbsp;developmental knowledge&nbsp;between&nbsp;consultants and&nbsp;in-house&nbsp;staff&nbsp;<\/li><li>Streamlining&nbsp;and formalizing&nbsp;the design and implementation of&nbsp;transformational&nbsp;initiatives&nbsp;&nbsp;<\/li><li>Reducing&nbsp;turnover risk&nbsp;associated with&nbsp;overloading an employee with special projects<em>&nbsp;in addition<\/em>&nbsp;to their day job&nbsp;<\/li><li>Reducing&nbsp;the&nbsp;risk of newly hired, unproven&nbsp;staff&nbsp;or new managers&nbsp;who&nbsp;take&nbsp;a lead on&nbsp;critically important&nbsp;projects&nbsp;when they\u2019re still learning your business&nbsp;<\/li><li>Engaging&nbsp;HR teams&nbsp;in a non-threatening,&nbsp;collaborative manner that fits within their career development goals and schedule&nbsp;<\/li><\/ul>\n\n\n\n<p>In short, partnering with a talent&nbsp;consulting firm&nbsp;can&nbsp;provide&nbsp;resource&nbsp;scalability to your internal HR staff&nbsp;and can be faster than&nbsp;hiring&nbsp;additional full-time people to take on the initiative&nbsp;at a perceived lower cost.&nbsp;<\/p>\n\n\n\n<p><strong>Related:<\/strong>&nbsp;<a href=\"https:\/\/www.talentlyft.com\/en\/blog\/article\/87\/15-new-recruiting-trends-you-should-implement-in-2020\" target=\"_blank\" rel=\"noreferrer noopener\">15 New Recruiting Trends You Should Implement in 2020<\/a>&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. <strong>Achieve the&nbsp;most worthwhile investment.&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<p>In&nbsp;today\u2019s&nbsp;competitive business environment,&nbsp;I feel it is important to share my perspective on&nbsp;the difference between hiring an individual&nbsp;HR\/talent consultant and partnering with a&nbsp;boutique,&nbsp;talent consulting&nbsp;firm.&nbsp;While&nbsp;we&nbsp;have&nbsp;competed&nbsp;with many very good independent HR\/talent&nbsp;consultants over the years,&nbsp;&nbsp;we often&nbsp;win a competitive bid&nbsp;because the independent consultant&nbsp;cannot scale their skills and efforts to&nbsp;meet&nbsp;the&nbsp;urgency and&nbsp;deliver the&nbsp;breadth of skills&nbsp;needed on a complex engagement.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>That said, while it&nbsp;might seem like&nbsp;a&nbsp;more cost-effective&nbsp;option&nbsp;to&nbsp;simply&nbsp;hire just one person to dedicate to the initiative as an extension of your in-house HR team, in many cases,&nbsp;it\u2019s&nbsp;really not.&nbsp;This is because&nbsp;<em>consulting firms have more resources<\/em>&nbsp;and a broader range of skill&nbsp;sets and experience levels that can be combined&nbsp;in a coordinated&nbsp;manner to&nbsp;achieve the&nbsp;same&nbsp;engagement goals&nbsp;and timeline.&nbsp;<\/p>\n\n\n\n<p>Here\u2019s what you get from a consulting firm that you won\u2019t get from an independent consultant:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A team-based&nbsp;approach&nbsp;leveraging lower cost&nbsp;<\/li><li>More junior&nbsp;consultants&nbsp;to handle lower-value&nbsp;administrative tasks<\/li><li>More experienced, higher-cost consultants are freed up to&nbsp;bill their time against higher&nbsp;value, specialized work&nbsp;that typically requires fewer hours<\/li><li>Collaborative&nbsp;knowledge sharing&nbsp;that complement your&nbsp;internal&nbsp;teams\u2019&nbsp;areas of expertise&nbsp;<\/li><li>Option for fixed-fee&nbsp;pricing&nbsp;tied to completion of specific deliverables&nbsp;which removes the concern over where and how consultants spend their time&nbsp;<\/li><li>Ability to scale the consulting team and hours up and down to meet changes in the completion timeline&nbsp;&nbsp;<\/li><li>Access to other consultants with&nbsp;a different skillset not possessed by the original team assigned&nbsp;when scope changes require their skillset&nbsp;<\/li><\/ul>\n\n\n\n<p>Conversely, an experienced independent consultant&nbsp;who is&nbsp;engaged hourly for an agreed-upon&nbsp;number of&nbsp;hours&nbsp;per&nbsp;week&nbsp;will typically bill their same hourly rate regardless of the level of work to be done.&nbsp;In addition, when faced with a scope change requiring skills outside their area&nbsp;of expertise, they may take longer to complete the task or burn additional billable hours researching information to close their knowledge gap.&nbsp;<\/p>\n\n\n\n<p>The bottom line: I will admit that larger consulting firms can generally cost more than engaging a boutique firm or independent consultant.&nbsp;However, these things should&nbsp;be considered when making a decision on who to engage to help you with your next critical HR or talent initiative.&nbsp;<\/p>\n\n\n\n<p><strong>Related:&nbsp;<\/strong><a href=\"https:\/\/www.talentlyft.com\/en\/resources\/guides\" target=\"_blank\" rel=\"noreferrer noopener\">Guides for Human Resource Professionals<\/a>&nbsp;<\/p>\n\n\n\n<p>For more talent resources&nbsp;from&nbsp;TalentRise,&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/carlkutsmode\" target=\"_blank\" rel=\"noreferrer noopener\">connect with Carl Kutsmode on LinkedIn<\/a>, or check out&nbsp;our&nbsp;<a href=\"https:\/\/www.talentrise.com\/resources\/\" target=\"_blank\" rel=\"noreferrer noopener\">Resources Page<\/a>!&nbsp;<\/p>\n\n\n\n<p>And don\u2019t forget to follow&nbsp;TalentRise&nbsp;on\u202f<a href=\"https:\/\/twitter.com\/talentRISE\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>,\u202f<a href=\"https:\/\/www.linkedin.com\/company\/talentrise\/\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a>, and\u202f<a href=\"https:\/\/www.facebook.com\/TalentRISE-155582881239930\/\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>!&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s&nbsp;competitive&nbsp;job market, it\u2019s harder than ever to attract and retain high-quality,&nbsp;top&nbsp;performers. As businesses seek to improve their overall performance through people, savvier&nbsp;HR&nbsp;leaders&nbsp;understand&nbsp;the value&nbsp;of&nbsp;engaging&nbsp;an&nbsp;HR\/talent consulting firm&nbsp;partner&nbsp;such as&nbsp;TalentRise&nbsp;to help them navigate the many\u2014and often complex\u2014decisions they need to make.&nbsp; Here are my&nbsp;top four reasons to partner with a talent consulting firm.&nbsp; 1. Broaden your perspectives.&nbsp; Whether&nbsp;you&#8217;re [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,9],"tags":[],"class_list":["post-2209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recruiting","category-talent-acquisition","category-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 4 Reasons to Partner with a Talent Consulting Firm | TalentRise<\/title>\n<meta name=\"description\" content=\"TalentRise is an HR and talent consulting firm that will partner with you, helping you navigate the many\u2014and often complex\u2014business decisions you must make.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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