How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the BDC Advisory Services — Human Resources?

BDC Advisory Services — Human Resources is funded by Business Development Bank of Canada (BDC), Government of Canada

What are BDC Advisory Services — Human Resources's eligibility criterias?

Open to businesses seeking assistance in HR management and talent retention. The applicant should be looking to implement or enhance recruiting, onboarding, and performance management systems. Interest in financing options for advisory services must be expressed.

BDC Advisory Services — Human Resources

Last Update: January 24, 2025

Canada

Guidance to attract and retain qualified talent

BDC Advisory Services — Human Resources at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Expert Advice

Eligible Industries

All industries

Grant Providers

Business Development Bank of Canada (BDC)
Government of Canada

Status

Open

Overview of the BDC Advisory Services — Human Resources program

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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

Eligibility criteria of the BDC Advisory Services — Human Resources program

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.

Who is eligible?

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.

Who is not eligible

There are certain types of companies that are not eligible for this grant:

Non-profit organizations
Government entities

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.

Eligibility criteria of the BDC Advisory Services — Human Resources program

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.

How to apply to the BDC Advisory Services — Human Resources program

Review Eligibility Requirements

Ensure your company meets the criteria for participation in the program.

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.

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.

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.

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.

Additional information

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.