Human Capital Services
HUMAN CAPITAL: THE KEY TO THE SUCCESS OF YOUR BUSINESS
Human capital is one of the cornerstones of an organization’s success, and employees are one of the most essential sources for generating added value.
As a result, it has become crucial for companies to understand how to attract and retain talent, develop skills, acquire, and transfer knowledge, strengthen abilities, and continuously innovate to maintain their competitive edge.
Managing your business’s day-to-day operations, long-term objectives, and operational goals can be an arduous balancing act. Consequently, proper and strategic human capital management is essential to your business’s prosperity and achieving your corporate goals.
But what happens when a period of uncertainty or change in your business disrupts the workflow and stability of team members? Even a well-founded and supported business or family office can experience difficulties during periods of transition and change.
Richter’s Human Capital team can help by providing you with practical solutions tailored to the specific business needs you have and to the challenges you face. We can also contribute to your business’s success by helping you achieve and even surpass your objectives, all the while keeping your organization’s culture at heart.
As a business partner to the companies and family offices we serve, we at Richter have become an extension of our client’s businesses. We provide them with solutions aligned with their business objectives and strategies.
When can you benefit from our Human Capital expertise?
In the life cycle of your organization, there will be times when you go through stages of growth, professionalization, succession planning, mergers/acquisitions, selling, and downsizing. To support you in these important milestones, our team of advisors can help you assess your current organizational practices, define your optimal organization, create a transition plan, and identify the gaps. Then, we can provide you with action plans, programs, and best practices to implement while ensuring that objectives and deadlines are met. We offer tailored advice at every stage of the cycle.
Factors
Is your business going through organizational changes that might impact your team, such as:
- Growth
- Professionalization
- Succession planning
- Mergers
- Acquisitions
- Selling
- Downsizing
Let our advisors guide you through any period of uncertainty to maintain your performance objectives.
| ASSESSMENT | ORGANIZATIONAL DESIGN | GAP ANALYSIS | IMPLEMENTATION | MONITORING |
| -Current organizational structure
-Key company strenghts -Key issues and concerns -Priorities for business transitions -Governance structure -HR audit -Alignment of HR practices with business strategy -Executive team assessment -Key employee assessment -Inventory of skills and competences -Risk levels of losing high-value employees |
-Optimal structure
-Governance structure in the line with business objectives -Transition and integration plans -New HR practices to be implemented -Necessary leadership skills to achieve business objectives -Key employee competency profiles -Succession plan |
-Discrepancies
-Lacking Positions -Roles and responsibilities -Recruitment needs for executives, managers, and employees -Key employee retention -Lacking HR practices -Professional development needs -Compensation and incentive programs |
-Transition plan
-Communication plan -Compensation and incentive programs -Retention programs -Career management programs -Coaching and mentoring -Professional development -Team building activities -Recruitment -Executive search |
-Periodic monitoring of implementation plans and deadlines
-Adjustment to action plans, if required -Post-mortem review |
HUMAN RESOURCES ADVISORY
Outsourcing of HR services
Does your organization lack an HR team? We offer a variety of human resource services to help your team with:
- Hires and termination
- Employee integration programs
- Employee manuals, policies, and practices
- Employee performance program
- Health and safety management and prevention programs
- Compensation management (salary reviews, bonuses, commissions, and other benefits)
- Employee benefits, including annual review and contract negotiation
- Conflict management, including interventions with employees and managers
- Litigation management with various stakeholders
- Managing and applying labour standards act
HR Advisory
You already have a human resources team and may need additional support. We can assist you with the design, conceptualization, and implementation in the following areas:
- Business start-ups
- HR audits
- Change, crisis, and conflict management
- Succession planning
- Workforce planning
- Talent retention program
- Employee integration strategies
- Termination and layoff management
- Career management and professional development programs
- Workplace wellness programs
- Employee engagement programs
- Employee retention strategies
- Intergenerational management
HR Compliance
Is your organization compliant to all current laws and regulations, such as:
- Pay equity exercise and maintenance
- 1% raining – Bill 90 (Skills Act)
- Provincial Labour Standards Act
- French Language Office
- Harassment prevention programs
- Occupational health and safety program
- Corporate inclusion and diversity legislation
Compensation
Are your current compensation and benefits programs competitive with the market? Our team could work with you in the design and implementation of the following initiatives:
- Compensation programs and policies
- Incentive programs
- Market studies
- Salary structure
- Benefits program
Payroll Management
Our team can help you manage your business’s payroll needs, ensuring compliance with regulations, laws, and labour standards. We can also provide assistance to your employees and support your accounting department.
- Payroll preparation and processing
- Reconciliation of payroll-related accounts
- Complete management of the year-end cycle
- Preparation of records of employment and tax slips
- Assistance to employees
- Management of employee benefits
- Vacation management
- Administration of payroll deductions
- Maintenance of human resources records (vacations, absences, hirings, departures, etc.)
- Production of reports
- Management of the 1% training file in Quebec (Bill 90)
- Production of the CNESST salary declaration
- Assistance with internal and external auditors
- Management of payroll compliance with the laws and labour standards in effect
Talent Acquisition for Mid-management Positions
Does your team need to find the perfect candidate to fill a manager position? Has your human resources and hiring team reviewed all potential candidates, and still haven’t found the right professional? Our advisors can help you with complete or partial recruitment activities, such as:
- Identification of recruitment needs
- Elaboration and validation of position roles and responsibilities
- Recruitment strategy design and choice of recruitment sources and methods
- Interviewing cycles ensuring competencies and cultural fit
- Negotiation of terms with candidates, and employment contract
- Reference and background checks
- Global compensation packages
Executive Search
Is your business looking for the right executives to help lead your team? Finding the best candidate is essential to your success – you need the ideal mix of experience, insight, and management style to carry out your vision. We employ a disciplined research process to help find the best talent for your specific requirements in our expansive database, founded through strong, long-term relationships with clients and candidates. Our professionals believe diversity enhances business results and drives innovation.
Richter’s team of executive search experts is committed to providing exemplary service to attract and retain exceptional talent. Read more.
