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Independent HR Consultant Services Cooperative(IHRCSC)
A source of complex instruments for independent HR consultants.
Agenda
IntroductionsWhat is Independent HR Consultant Services Cooperative?What is a cooperative?Why the use of a cooperative?Challenges in independent HR consultingFeatures of IHRCSCBenefitsNext Steps
What is IHRCSC?
A cooperative of HR professional consultants starting or expanding their private consulting practiceInitially formed with a very limited set of founders and charter membersIHRCSC is member owned
Who may participate in IHRCSC?
Individuals, business (LLC, etc), associationsEach is considered a member If a current consulting practice of 3 people join, that organization is a single member in IHRCSC
What are the types of members of IHRCSC?
Two foundersFive Charter membersUnlimited number of members
What is a cooperative?
A cooperative is autonomous association of persons who voluntarily cooperate for mutual economic benefit. Cooperatives include organizations such as:
Credit unions (Approximately 5,000 credit unions) Utility cooperatives (Touchstone with 734 utilities)
Five Charter members
Why is IHRCSC a cooperative?
Provides an opportunity for smaller or starting HR consulting practices to:
Obtain a set of instruments to enhance their practice Obtain those services at a fair cost Have some voice in the development of services Share in “profits” (patronage refunds)
The founders benefit: Minimizes risk of startup costs Provides a set of people (members) who know the market
What are the types of members?
Founders: Developed instruments and delivery mechanism Obtain those services at a fair cost
Charter members: Five who will commit to a specified usage of instruments Make a capital contribution Receive a premium share of patronage refunds
Members: An unlimited number who will commit to a specified usage of
instruments Make a capital contribution Receive patronage refund
What are the financial commitments?
Capital Contribution: $5,000
Required to provide permanency Forfeited if initial usage commitments not achieved
Other:
How long does membership last?
The membership lasts as long as: Remain qualified for membership (ethical business practices, etc) Minimum level of participation is maintained
The level may change based on membership vote Forfeited if initial usage commitments not achieved
Founding members have permanent membership The level may change based on membership vote Forfeited if initial usage commitments not achieved
Can my membership be sold or passed to heirs?
Yes If sold, the new member must be approved by existing
membership If provided to heirs, the heirs must maintain the activity level
required at the time The level may change based on membership vote Forfeited if initial usage commitments not achieved
What are the usage commitments?
First year: 6 or 12 instrument sales per year
Obtain those services at a fair cost
Charter members:
What are the instruments/services?
360 AssessmentOrganization AssessmentMarket PricingOrganization Assessment360 AssessmentOrganization Assessment360 AssessmentOrganization Assessment
What is the logic for this set of instruments/services?
The overall goal is to provide the consultant with the maximum “face time” with their client and avoid “heads down” back office time.
Couldn’t I just buy these services from other suppliers?
You could, but you generally don’t have a say in the features, prices, etc
Challenges to HR Consulting
Providing certain instruments effectivelyHaving time to provide effective consulting value.
Challenges to HR Consulting
Time and resources to perform certain instruments for clients
Features of IHRCSCA Cooperative organization
IHRCSC members. IHRCSC serves IHRCSC has no costly.
The Cooperative Business Model
Employer
Independent HR Consultant Services Cooperative
ReferringMember
All CoopMembers
Patronagerefunds
Referral credit
The Cooperative Business Model
Members can provide a wider range of services.The services provide expanded consulting opportunity.
Features of IHRCSC
Internet based http://www.talentassets.com
Features of IHRCSC
How Does it Work? Employer completes company
information Establishes position requirements
profile Creates an opportunity Selects best candidate for further
processing
Organization Assessment
Organization Assessment
Organization Assessment
The job seeker describes their skills by selecting from the over 10,000 skills.
The jobseeker concentrates on describing their skills and experiences, not on re-writing a resume.
Organization Assessment
360 Assessment
Market Pricing
Market Pricing
Market Pricing
Market Pricing
Other Instruments
Executive Assessment Job Description Job Grading
IHRCSCBenefits Access to a pool of instruments.
Features of IHRCSC
Partnership to serve clients
IHRCSC
What does this service cost? Depends on instrument Depends on number of participants Generally the price is fixed
Summary
IHRCSC offers HR consultants an opportunity to increase revenues.For more information Visit our website:
www.TalentAssets.com E-mail:
