What are the benefits of hiring a consultant?

Hiring a consultant can have a variety of major benefits for organisations of all shapes and sizes. From finding crucial savings to deploying complex technological systems, consulting firms and/or independent consultants adds value in many different ways.

External expertise

First and foremost, a consultant will bring with them a level of expertise regarding the industry of a client, as well as a set of best practices they have built up over the course of their career helping similar firms. They will be able to use this knowledge to locate problems of a firm, and root out which aspect of the organisation’s infrastructure is causing them.

On top of that, a consultant can also provide an objective viewpoint which few employees may feel empowered enough to do. A professional who does not need to rely on the favour of a company’s management for their future career can freely supply a fresh viewpoint, without worrying about what people in the organisation might think about the results and how they were achieved.

Cost savings

The previously mentioned objectivity is also a blessing in a much less glamorous part of business. After finding the root of a problem, a consultant may be hired to do the "dirty work" in addressing it. No one wants to be the person who has to make cuts in the staff or to eliminate an entire division, so an impartial outside consultant can be ideal to take care of such unpleasant tasks.

At the same time, a consultant can also be used to supplement the staff, on a much cheaper ‘pay-as-you-go’ basis. They can supply vital skills which may only be required on a temporary basis, but as they are only contracted, organisations do not need to pay into a pension, or pay sick or holiday pay. While consultants might seem costly in the short-term, then, in the long-run they can enable organisations to realise big savings.

Immediate improvements

Employees are established performers within their own job descriptions. However, it can be difficult to get employees to implement short-term goals when it involves utilising other skill sets. For this reason, a consultant may be hired to oversee the completion of a transformation project, or even to create a new business.

Due to the flexible and agile manner consulting talent can be accessed; a consultant can act as a catalyst for quick change. A benefit to the company is that the consultant can do things without worrying about the corporate culture, employee morale, or other issues that get in the way when an organisation is trying to institute change.

Future-proofing

As well as helping oversee the immediate implementation of things like new digital technology, the expertise a consultant has at their disposal means they may also be deployed to help train and up-skill employees with regards to new organisational practices. A good consultant should keep up with developments in their field of expertise so they're always ready to teach new clients what they need to stay competitive.

Consultants can also help senior management plan for the long-term future of their company. Again, the objectivity of a consultant comes in particularly handy here, as unlike executives, they are not having to ‘fire-fight’ multiple facets of the firm. They can therefore more easily devote all of their time towards weighing the different options up and presenting research and data on the various costs and benefits of a long-term strategy that could eventually provide massive value to the client.