How to Start Your HR Consulting Practice
Listen to the episode here. Access the full transcript. Here is a summary of our conversation:
Chapter 1: Introduction to HR Consulting (00:53-01:11)
- Definition of HR consultant
- Distinction between internal and external HR consultants
Chapter 2: Upsides and Downsides of HR Consulting (02:39-04:30)
- Upsides of being an external consultant
- Autonomy in work
- Flexible schedule
- Personal accountability
- Variety in work
- Ability to form teams of subcontract consultants
- Downsides of HR consulting
- Financial risk
- Personal accountability and reputation
- Perception of consultants over internal HR professionals
Chapter 3: Consulting for Nonprofit Organizations (05:06-07:10)
- Differences between for-profit and nonprofit clients
- For-profit clients' focus on deliverables and profitability
- Resource limitations in nonprofit organizations
Chapter 4: Ensuring Salary Disparities Reduction (08:00-11:49)
- Importance of pay equity and pay transparency
- Definition of pay equity
- Identifying systemic inequities
- Analyzing pay data by gender, race, ethnicity, age, and tenure
- Engaging in conversations with organizations to address disparities
Chapter 5: Advice for Starting an HR Consulting Firm (12:42-15:51)
- Starting small and gaining experience through volunteering or internships
- Networking with experienced consultants for guidance and advice
- Reflecting on personal strengths and passions within the HR sector
- Joining professional organizations and utilizing online platforms for networking
Chapter 6: Conclusion and Acknowledgments (18:00-18:14)
- Appreciation for the guest's insights
- Acknowledgment of the importance of the guest's work in HR consulting
- Closing remarks and thanks to the guest