Understanding Some Basic Facts About Hiring Advisory Services in India

For any business organization to be successful, the efficiency and optimal performance of its business processes is a pre-requisite. However, most organizations face a wide range of operational and technological issues that hamper the smooth functioning of business processes and in turn hinder organizational growth. While a majority of business organizations choose to resolve such problems one at a time, several others hire professional advisory services in India to get an effective solution for these issues in a timely manner.

What Are Advisory Services

Put in the simplest terms, advisory services comprise of professional advice, guidance and direction offered by individuals or companies to their client for diverse matters. These services are generally offered by professionals who possess an in-depth understanding of the processes, technology and culture within a client organization. The providers of advisory services help to enhance the working and efficiency of the client organization by offering fresh ideas and perspectives over matters that effect the growth and profitability of the organizations.

Things To Consider While Hiring Such Services  

Advisory services have come to play a vital role in enhancing the core competency of modern business organizations. Choosing the right advisory services in India requires the business organizations to consider the following things about the service providers.

Efficient Communication

Communication is the key to getting the best advisory services in any field. As such business organizations need to access the ability of the service providers to communicate in a free and honest manner. This means that the providers of advisory services should not only be able to put across their ideas in an understandable language, but should also have the patience and the attitude to listen and understand as to what the clients have to say. Effective communication is the key to establishing a strong and lasting professional relationship.

Expertise In Relevant Industry

Before choosing an advisory service, the business organizations need to learn about their expertise in the specific industry. This expertise should not be limited only to some specific areas and fields but rather about the comprehensive working of the various processes within the industry. This means that companies providing such services should have comprehensive expertise about the technological, managerial and financial, legal and marketing issues related to a specific industry. That is why leading advisory companies hire professionals from different fields to offer a comprehensive range of services to their clients in various niches.

Reliability and Confidence

This is definitely the most important aspect to consider while choosing advisory services companies. The business organizations should be able to discuss their problems and issues with the advisory companies in a frank manner without the fear of information leak. They should also be sharing the details of the most confidential issues to seek the best advice and guidance without having to live in constant fear of being betrayed by their advisors. As such checking the level of reliability and confidence offered by such service providers is of extreme importance. A wrong choice in this respect can lead to the destruction of even the most well-established business within a short time and choosing the right company can take even a small venture to newer heights of success.

Why Your Business Need An Hr Advisory Services In India?

Human resource is one of an important aspect of any organisation which are considered as the drivers of success. If an organisation is not making a correct decision with regard to the selection or management of the human resource, the chances of attaining success today or in the long run stands weak. This is where the need of hiring advisory services in India arises, which not only gives valuable advice for management of human resource, but also, acts as a great tool for the purpose of hiring the human resource. Let’s take a look at what all benefits the HR advisory services can provide to your organisation:

• HR Decisions

The HR policies linked with Government and any other employee welfare organisation changes constantly. Hence, the companies need to ensure that the HR decisions taken at their end are in full compliance with the current employment practices and legislations. The advisory companies are avant garde with the different employment legislations and thus can aid in avoiding any sorts of cost or legal consequences being imposed upon the organisation.

• Support Solutions

These companies provide their clients with regular and unlimited oral as well as written advice on each and every aspect related to HR. In case the company is having any sorts of doubt with regard to employment and termination matters, contracts or employment laws, the necessary support solution can be provided by them. They also provide their client organisations with regular updates via email about the recent developments which took place in the arena of Human resource, employment or industry at large. Different and valuable HR tools are given by these companies for the benefit of the client organisation.

• Acts as a Partner

Once you hire these advisory companies, you will realise gradually that these companies are a host of benefits. They provide the assistance in different spheres of human resource such as recruitment, merger, compensation, employee policy, downsizing and contract negotiations. They also conduct employee practice audit for the client organisations to design a proactive HR plans. They play a key role in providing advices, negotiations and drafting of the employment contracts. They also help the organisation in developing policies with regard to employee discipline in the organisation.

Why Your Business Requires Advisory Services in India?

Competition is the buzz word if you define the business arena in today’s time. Thus to achieve the short term as well as long term goals, a business organisation needs to formulate an effective strategy and adopt an effective strategic planning process. To optimize the present resources of the organisation, a crucial role is played by the advisory services in India. The advisory services act as a safeguard against the different challenges which are faced by the business organisation on a daily basis and aids in identifying the different alternatives for solving the problems. Below mentioned are the prominent reasons for hiring the advisory services for your business:

• Increase in the revenue of the business organisation

The core business process of the business firms acts as the profit generator for the organization, but it is only the advisory services which help in keeping the revenue generated from the business intact and also provide ways and means of increasing the same. Thus, even if you pay a nominal fee to the service provider, you still gain a lot more because of the profit they generate as well as retain for you.

• Addition of qualitative aspects to organisation

By undertaking the advisory services, the business organisation gain a chance for the development of professional as well as personal qualities of their business organization. The professional management and leadership aspects which these services serve on a platter are capable enough to take the business to great heights.

• Deepen the client relationships

It says it takes a great deal to manage clients and maintain quality relationships with the clients. The advisory services give the right guidance to the business organisation for dealing with the clients and locking them for life. These service providers help you in dealing with the clients in the right manner and at the right time.

• Helps in forecasting

The advisory service providers are considered as the finest forecasters in the business world. This is because they are the owners of a detailed information pertaining to the different business organisation of the different business industries. They are thus the trustworthy sources for conducting analytics for the business and thus predicting the future patterns.

Business Advisory Services

At Cornerstone International Group in India we feel that the process of renovation, change and improvement should be a constant at any organization that aims at maximizing growth. While the primary goals of the Organization may remain unchanged, the context in which the goals are to be achieved has to be seen in a continuous state of flux. Change is perhaps the only constant. In our experience across the globe, we have witnessed cyclical rounds of new change proposals emerge in companies either conceptually or as a conscious effort at the corporate level. However, at the operational level, less contentious and less visible, though not necessarily less important changes are implemented more often keeping in mind the importance of continuity and a need to ward off any disruption to normal routine business activity.

Cornerstone International Group – India provides advice and support to clients working in different industries and verticals to help manage complex and diverse organizations through these periods of significant change, driving service improvements and delivering creative solutions. Business Advisory Services for us are focused on achieving the singular goal of organizational excellence through its most precious asset, the people, and the systems that support their work. The Organizational Excellence work stream brings together all of our activities which help to improve the way our clients operate in areas such as HR, organization design, processes and systems. Our work with clients is largely focused on helping them prepare and continue to adapt to a rapidly changing business environment.

One of the key impediments in fostering a culture of innovation is the burden of carrying on with traditional hierarchical decision-making structures. This is particularly discouraging to younger staff members. We can state this almost as a truism that hierarchical structures are contrary to efficient work processes and impact morale. For example, in one instance of any organization we helped transform, in one department alone, analytical information on products went through as many as six to nine layers of review before arriving at a cogent plan of action. This is not only unnecessary; it directly impacts bottom-lines adversely. CIG deploys proprietary tools to flatten decision-making structures and make work genuinely more collaborative as opposed to hierarchical.

Business advisory services these days may require a different business model from that of traditional services delivery models characterized by a ‘one size fits all’ philosophy. For example, we recognize that business advisory services may be better suited to a business model based on selling of products and services that strives to continually progress up the value chain.

The achievement of our interventions through a Business Advisory Plan usually results in five key deliverables:

1. Enhancing Trust and Confidence: Towards a more stakeholder and client-oriented organizational culture;

2. Engaging Staff: A globally focused, dynamic, adaptable, meritocratic and physically & emotionally secure work force;

3. Improving Working Methods: A more open and accountable organization with streamlined procedures;

4. Rationalizing structures and functions: Optimal locations, common services and expanded partnerships.

5. Embracing technology to operate more efficiently, reduce costs, and offer additional value-added services.

Do you want to be on top of the pack with the right strategy and resources for your company? Consult Cornerstone India today!

Every senior management of a company works hard to develop a strategy that will help them in reaching the heights they always strive to achieve. With the growing business, and hence the competition in any industry, there is hardly any room for trial and error session. One has to be confident that,

1. The strategy built is best suitable to the organisation and its stakeholders.
2. The error free execution of the same.
3. Achieving the desired result with utmost efficiency.

Only if an idea and a team, can deliver the above three considerations, that a company can be successful in this era.

So, how can one be assured of the result without giving their plans a shot at practical implementation? The advisory services in India are the one of the available services that will enable an organisation to conquer their fear of a strategy working against them, hence minimising the risk.

One of the most trustworthy organizations which render such services is Cornerstone India. They have expertise in the following;

1. In depth analysis of the company and their requirements
2. Understanding the need of bringing together the people, process and the organisation as a whole
3. Provide all the necessary training so as to achieve the set goal.
4. Rigorous evaluation of the talent present in an organisation, so that the right fit is recruited in a corporate
5. Procedures are put in place in order to execute a smooth and quick on boarding process, thereby reducing wastage of time and resources.
6. Of course, one of the main service is to ensure over time, if not only the people but the structure and performances are in alignment with the organisation goals
7. Other consulting services.

So in order to enjoy minimum risk and maximum gain, one should consult the best advisory consultants today!