Reasons Why Small Businesses Hire a Dedicated HR Specialist

With a bachelor’s degree in marketing from the University of Scranton, Bill Scuorzo serves as president and CEO of AndAme Investments, a company that helps struggling small businesses and start-ups grow revenue. A resident of Little Silver, New Jersey, Bill Scuorzo is also the president and CEO of BCG Advisors, an insurance brokerage and human resources consulting firm.

Small businesses cannot hire an in-house human resource person. However, a company may find itself in a situation where they need to hire the services of a dedicated human resources (HR) specialist. This is the case when a business grows and starts hiring more people. Managing HR administrative tasks takes up a lot of time that distracts a business owner from achieving important business goals.

Workplace compliance laws keep changing, and it is not easy for a business owner to keep up. Hiring services of HR will help solve this as they are better placed to understand the regulatory landscape. A business that wants to maintain employee engagement will need an HR person to help manage employee wellness programs that keep employees motivated and productive.

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Investors Look in Small Businesses

Bill Scuorzo is the president and CEO of BCG Advisors, an insurance brokerage and human resources consulting firm in Secaucus, New Jersey. In 2019, Bill Scuorzo launched AndAme Investments, a company that invests in struggling small businesses and start-ups.

Investors evaluate businesses they want to invest in to ensure that they are worth the risk. Therefore, an investor is interested in learning about the business' financial status. A business should also present an effective business model which will show the business profitability. Other important issues include market share and competitive advantage, company uniqueness, and experience in the industry.

Business owners should do thorough research, maximize relevant details, and avoid overloading investors with too much information. Prioritizing quality over relevance may result in losing the chance to get investor funding. Unlike lenders who give money that is paid back with interest, investors do so in exchange for a share of the business.