Services Designed for All Employers
Human Capital Strategies
Human Capital Strategies
Human Capital Strategies
Organizations with fully articulated human capital strategies, that relate to and support broader business needs and goals, perform better by every objective measure. Newgrange Advisors' experts develop strategies - detailed plans for achieving overall human capital objectives that cascade through every functional area of HR - with clients in a way that teaches clients how to replicate the process independently.
Strategic HR Assessment
Human Capital Strategies
Human Capital Strategies
Our strategic assessment of your HR function typically produces an ROI in excess of 28 to 1 in six to twelve weeks. We evaluate people strategy, employer value proposition, talent acquisition, total rewards, employee engagement, communications, compliance, and culture. We assess against both benchmarks and desired performance levels. We identify HR performance gaps and recommend actions for improving strategic impact.
HR Optimization
Human Capital Strategies
Vendor Selection
HR optimization is a rapid assessment of HR leadership, talent, structure, technology, and work processes. This is typically an eight-to-twelve-week engagement yielding ROIs in excess of 12 to 1. We identify structural deficiencies and recommend appropriate changes to enhance the tactical effectiveness of the human resource function.
Vendor Selection
Interim Executive Support
Vendor Selection
HR teams typically oversee contractual relationships with benefits brokers, consultants, insurance carriers, TPAs, tech firms, record keepers, investment managers/advisors, among others. These contracts collectively represent one of your company's largest expenses. However, most employers lack native expertise in crafting and managing impactful RFP processes. Newgrange Advisors applies our deep expertise to assist clients in choosing suitable vendors and establishing contractual performance standards, tailoring the service contracted to your requirements.
Mergers & Acquisitions
Interim Executive Support
Interim Executive Support
Successfully achieving your deal objectives requires proactively identifying workforce issues with the same rigor as all other strategic elements. This includes evaluating the skills and behaviors required to make the deal work. We assist private equity and strategic buyers with due diligence, deal pricing, and post-transaction integration. Additionally, we assist private equity and other sellers address the people issues that may depress sales price. Approximately 80% of deals fail to achieve their economic objectives and the most commonly cited reasons are people issues. We improve the likelihood of economic success.
Interim Executive Support
Interim Executive Support
Interim Executive Support
Occasionally, critical HR roles are left open at critical times. Newgrange Advisors provides clients interim executive support for a variety of purposes: vacated positions, special projects, leaves of absence, and more. Typical interim roles are CHRO, and heads of total rewards, talent acquisition, HRBPs, and others. Interim executive support is available for short and medium durations; we also provide transition to long-term incumbents.
Services Designed for Smaller Employers
Introducing HR Navigator℠
As businesses evolve and face new challenges, the role of HR leadership becomes increasingly critical. However, many organizations, especially smaller or rapidly growing companies, may not have the resources to hire a qualified full-time HR executive. HR Navigator℠ offers a solution by providing access to experienced HR leadership on a part-time basis. This "fractional" Chief Human Resource Officer (CHRO) service allows organizations to benefit from strategic HR guidance, without the financial commitment of a full-time executive.
HR Navigator℠ provides organizations with access to seasoned HR professionals who will serve as the organization’s CHRO. These professionals will work closely with the organization's leadership team to develop and execute strategic HR initiatives tailored to their specific needs.
Services may include:
- Strategic HR Planning: Developing long-term HR strategies aligned with the organization's business objectives.
- Talent Acquisition and Management: Implementing effective recruitment and retention strategies to attract and retain top talent.
- Employee Engagement: Designing programs to enhance employee morale, productivity, and satisfaction.
- Performance Management: Establishing systems and processes to evaluate and improve employee performance.
- HR Compliance: Ensuring compliance with relevant labor laws and regulations to mitigate legal risks.
- Leadership Development: Providing coaching and training to develop the organization's future leaders.
- Executive Coaching: Providing guidance to organizational leaders on how to effectively deal with people issues.
- Leadership: Providing oversight, leadership, and mentoring to internal HR staff.
- Vendor Management: Overseeing and managing relationships with HR vendors including PEOs, outsourcing organizations, technology vendors, benefit brokers, and more.
Human Resource activities exist in a layered continuum. Regardless of the specific issue, industry, size of organization, or other factors, HR activities exist in three functional layers:
Strategic: Links enterprise needs to HR action. Creates proper infrastructure. Executive function. Impacts day-to-day decisions and transactional activities.
Translational: Translates strategic direction into day-to-day decisions and actions. Impacts transactional activities.
Transactional: Data management and processing. Other administrative functions. Can be successfully outsourced or automated.
Your part-time CHRO provides the strategic leadership and action typically lacking in smaller organizations, while influencing translational and transactional activity. Providing such strategic leadership and expertise adds significant value. In fact, we guarantee a minimum 5 to 1 ROI.