BDC Advisory Services — Human Resources
Canada
Guidance to attract and retain qualified talent
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
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Get advice on creating an HR structure and management process that will improve your recruitment and retention practices through practical guides, tools, coaching and support.
grant_single_labels|projects
The BDC Advisory Services grant supports the development of a robust HR strategy, focusing on attracting and retaining top talent in a competitive market. The eligible activities aim to enhance employee management processes through structured strategies and personalized coaching.
- Building sound recruitment and onboarding processes to attract qualified talent.
- Creating employee appreciation programs to foster a high-performance culture.
- Setting up recruiting and onboarding tools to ensure effective talent utilization.
- Establishing an employee performance appreciation cycle with defined performance objectives.
- Building proactive processes to manage and communicate through change effectively.
grant_single|admissibleProjectsExample
$ 55,000
Creating a mentorship program to support employee development and retention
$ 50,000
Implementing a new employee performance evaluation system
$ 40,000
Launching an employee appreciation and recognition program
$ 75,000
Setting up a recruitment and talent acquisition system for growth
$ 65,000
Developing an effective employee onboarding and training program for new hires
$ 70,000
Establishing a support system for employees undergoing organizational changes
grant_single_labels|admissibility
The eligibility criteria for this grant focus on ensuring the applicant's alignment with strategic HR management and advisory service integration.
- The applicant must be looking to hire and retain the right employees aligned with their business goals.
- The company should be committed to setting up recruiting and onboarding processes to attract top talent.
- The applicant must be interested in establishing an employee performance appreciation cycle.
- The business must be willing to support employees through change with proper planning and communication strategies.
- The company should be open to utilizing BDC advisory services for talent management and HR function improvements.
- Access to coaching and support services for management practice implementation is required.
grant_eligibility_criteria|who_can_apply
This grant focuses on businesses aiming to enhance their HR management capabilities to attract and retain talent, as well as optimize performance management processes. Organizations seeking support in these areas, particularly those looking for practical guides, coaching, and structured HR strategies, are eligible to apply. It is tailored for enterprises that require assistance in developing recruitment processes and employee appreciation programs to build a high-performance culture.
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for this grant:
- Non-profit organizations
- Government entities
grant_eligibility_criteria|eligible_expenses
This grant supports initiatives aimed at enhancing HR management capabilities within organizations. The eligible activities help attract, retain, and develop talent effectively to build a high-performance business culture.
- Developing a comprehensive recruitment and onboarding process.
- Creating employee appreciation programs that motivate and develop top talent.
- Implementing an employee performance objective and appreciation cycle.
- Providing support for employees through organizational change.
- Establishing a structured approach and tools for HR management.
- Offering coaching and support through impartial advice and co-development sessions.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The evaluation and selection criteria include:
- Structured approach: A time-tested, action-oriented approach focused on helping you master the principles and best practices of performing HR management function.
- Practical guides and tools: Defining roles and responsibilities, hiring and motivating your employees - a complete people strategy with tools to help your management practices.
- Coaching and support: Impartial advice from consultants who provide co-development sessions and implementation support to help you effectively manage your talent.
grant_single_labels|register
Here are the steps to apply for the Growth Driver Program grant:
- Step 1: Review Eligibility Requirements
- Ensure your company meets the criteria for participation in the program.
- Step 2: Initial Consultation
- Contact a BDC representative to discuss your business needs and confirm eligibility.
- Schedule a preliminary meeting to explore how BDC can assist with your HR management needs.
- Step 3: Develop a Customized Plan
- Work with BDC consultants to assess your current HR processes and identify areas for improvement.
- Receive a proposed action plan tailored to your business requirements for building and retaining a talented team.
- Step 4: Application Submission
- Compile necessary documents and information as required by BDC for application.
- Submit the application through the BDC representatives or online portal, if applicable.
- Step 5: Approval and Implementation
- Wait for approval of your application and confirmation of participation in the program.
- Begin implementation of the HR management improvements with the support of BDC’s advisory services.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- BDC offers financing to help cover the cost of their advisory services.
- The grant emphasizes the importance of creating a business culture appreciated by clients through effective HR management.
- Advisory services incorporate a flexible and tailored approach to meet the specific needs of each business.
Apply to this program
Empower Your Business with Robust HR Solutions
This grant offers support for businesses to enhance their HR management, ensuring they can attract and retain top talent. The initiative is aimed at fostering high-performance cultures through the implementation of effective recruitment, onboarding processes, and employee appreciation programs.
Unlocking the Potential of Your Workforce with HR Excellence
In today's fast-paced and competitive labor market, businesses are continuously challenged with the task of not just hiring, but also retaining the right talent. This HR-focused grant program provides substantial support to businesses looking to strengthen their human capital strategies, ultimately leading to a more dynamic and efficient organizational culture. By leveraging advisory services from the Business Development Bank of Canada (BDC), companies can receive tailored guidance that addresses their specific challenges and goals in the HR domain.
At the core of this grant’s offering is a structured approach to human resource management, which emphasizes the necessity of sound recruitment and onboarding practices. This is crucial for ensuring that new hires can immediately contribute to value creation within the organization. Additionally, the grant supports the development of employee performance appreciation cycles. These cycles are instrumental in aligning employee achievements with company objectives, thereby fostering a culture of success and continuous improvement.
Moreover, businesses are equipped with practical guides and tools designed to define roles and responsibilities effectively, enhance recruitment processes, and maintain high levels of employee motivation. With a comprehensive people strategy, businesses can better navigate the complexities of talent management and ensure that all employees are aligned with the broader company vision and objectives.
Furthermore, the grant accentuates the importance of supporting employees through change. In an era where technological and market conditions are in constant flux, having a robust change management process is invaluable. It enables companies to proactively manage the impact of change, ensuring that both the workforce and operations transition smoothly while maintaining productivity.
The grant also provides access to an array of coaching and support services from BDC’s experienced consultants. These services include impartial advice, co-development sessions, and implementation support, all designed to help businesses refine their talent management strategies. This kind of support is critical for small and medium-sized enterprises that may lack the internal resources to develop and sustain effective HR practices on their own.
Success stories from businesses such as Checkpoint Group and TRA INC underscore the impact of the grant. These companies have benefited from BDC’s customized advisory services, which have been crucial in developing tailored plans that not only solve immediate HR challenges but also build the foundation for long-term growth and success.
Overall, this grant represents a significant opportunity for businesses to optimize their HR management practices. By engaging with this program, companies can not only secure funding for advisory services but also gain a competitive edge by cultivating an engaged, motivated, and highly effective workforce. This not only supports the operational efficiency of the business but also enhances its reputation in the marketplace as an employer of choice.
