What is an HR Consultancy, and How Can It Help My Company in Malaysia?

Disclaimer: This article should not be considered to be legal advice, and altHR is not liable for any actions taken based on this article.

If you’re an HR manager, an employer, or even an interested employee looking to streamline and improve the management of the workforce at your company, this article is for you. We often hear questions about HR consultancies — what are they, how much do they cost, and most commonly, how can an HR consultancy help the business? 

As such, we’ve decided to work with some of the experts here at altHR to talk about the benefits that you can expect from getting an HR consultancy for your company. But first: 

What is an HR consultancy? 

In essence, an HR consultancy is a process where an external expert — or sometimes, a team of experts — are brought in to provide HR-related services across various fields and areas of workforce management. 

This can be particularly useful for smaller organisations who require outside help, or companies looking to improve the employee experience and overall workforce management. However, HR consultancies can range from external advice and strategy planning, to arrangements where HR tasks are entirely outsourced to consulting firms. 

At the end of the day, a human resource consultant’s role can help to streamline processes, improve the employee experience, and understand how HR policies impact the business.

How can an HR consultancy help my business?

An HR consultant will start by understanding the state of affairs at the company, including various strengths, weaknesses, goals and obstacles. This helps to build a foundation for improvements to be made on various areas including: 

• Recruiting and employee retention 
• Employee engagement and experience 
• HR policies 
• Performance tracking and evaluation 
• Employer branding 

So, how do you even know if you need an HR consultancy? Here are a couple of key reasons you’ll want to look out for: 

• Poor employee retention rates 
• You want your employees to feel more engaged with the organisation 
• Your HR department is overwhelmed with paperwork and process-based work
• Your business is scaling and growing 

In short, an HR consultancy is a great way to gain some perspective into how your organisation is doing from a neutral point of view, while you’ll be able to leverage off the expertise and knowhow of industry experts to improve the management of your workforce. 

How much should I pay for an HR consultancy?

This depends very much on the range of services you need. For example, some firms charge a percentage of each employee’s gross annual salary, while others charge a fixed fee depending on the extent of the offering. In such cases, it’s usually common practice to ask for a personalised quote. 

However, if you’re considering improvements to the HR capabilities of your company, you’re in luck — altHR offers a preliminary consultation for your company at no charge! If you have questions about HR, Employee Relations (IR), or Payroll, click here to find out more, and register your interest! 

Do note that due to popular demand, these insightful sessions are only available on a first-come-first-serve basis.