admin “In the realm of entrepreneurship, every challenge is an opportunity waiting to be seized”
– Falguuni Sheth
Human Resource is the heart of any organisation. It is one such pillar that holds together the entire Management System. From the entry to exit of the employee’s HR plays the most vital role. HR processes include the recruitment of the right kind of talent, Induction, HR Policy, Compensation Plan, Retention strategy, evaluating their performance, Rewards & Recognition and proper Exit process. Yet organisations often fail to understand the importance of HR. Falguuni Sheth, a visionary Entrepreneur with over 24 years of rich experience in HR, realised this gap while working as the HR head in an MNC. She recognised that many entrepreneurs lacked awareness about HR functioning and outsourcing, often considering it an unnecessary expense.
With a determination to change this mindset and emphasise the pivotal role of HR in organisational growth, Falguuni embarked on a transformative journey. In a world where HR outsourcing was a relatively unfamiliar concept, she founded New Horizon, an HR Consulting company that would reshape the industry. Falguuni’s unwavering commitment to educating and empowering business owners about HR’s strategic significance set her on a path to revolutionise HR consulting, especially for SMEs.
The Early Years: A Glimpse into Falguuni’s Inspirational Journey
Falguuni Sheth’s journey to becoming a trailblazing Entrepreneur was inspired by her family values and her parents’ extraordinary support & encouragement. Growing up in a family where education was highly valued, Falguuni witnessed her mother’s remarkable ability to balance a full-time job, household responsibilities, and caring for her children. Her father’s dedication and resilience became her guiding light and a testament to the immense capabilities of multitasking and leadership roles.
Falguuni herself is a postgraduate in HR with a rich experience of 24 years, during which she adeptly handled various aspects of HR for managing around 18000 employees lifecycle. However, her passion and vision extended beyond traditional HR roles. She was determined to redefine the perception of Business HR, advocating for its role as a strategic partner in an organisation’s success.
Spreading Awareness: The HR Consulting Crusader
When Falguuni founded New Horizon, HR outsourcing was a relatively unexplored territory, often perceived as merely recruitment. Recognising the need to educate and inform Entrepreneurs, Falguuni adopted an aggressive approach to spread awareness. She established a robust online presence, organised regular HR awareness sessions, written HR Articles in multiple Magazine, authored insightful blogs, engaged in professional associations, and disseminated newsletters. In doing so, she became a pioneering HR coach, coaching business owners on integrating HR into their organisations effectively.
Falguuni Sheth’s tireless efforts were instrumental in dismantling traditional misconceptions about HR, opening doors for organisations to explore the full spectrum of HR services, from recruitment to retirement.
Innovative Solutions: Tailor-Made HR for Success
One of the cornerstones of Falguuni Sheth’s vision was to provide organisations with HR solutions tailored to their unique needs. She believed that a one-size-fits-all approach was inadequate, considering the diverse nature of businesses and their respective values and philosophies. New Horizon’s competitive advantage in the marketplace lies in its commitment to crafting custom HR solutions.
Falguuni firmly believes that values must underpin every business venture. She understands that when values are upheld, the vision and mission of an organisation become attainable. It’s this unwavering commitment to guiding principles that sets New Horizon apart. Under her leadership, New Horizon has transformed it into one of India’s Top 10 HR consulting companies, maintaining this prestigious position consecutively for the past seven years. New Horizon stands as a distinguished HR Consulting and Recruitment firm with expertise spanning a wide array of HR services, nurtured by over two decades of rich experience across more than 30 diverse industries.
Falguuni created New Horizon as an end-to-end HR consultancy offering a portfolio of services encompassing everything from International Recruitment Services, C-Level Executive Search, Executive Search, Organisation Structuring, HR Policies, Compensation & Benefit Plans, Performance Management Systems, Reward Plan, Payroll Computation, Statutory Compliances, Employee Retention Strategies, Employee Engagement Schemes, and HR Audits.
Milestones to Celebrate
Under Falguuni Sheth’s visionary leadership, New Horizon has achieved remarkable milestones, including being recognised as the “Most Innovative Entrepreneur” by BS in 2020. Additionally, her dedication to excellence earned her the distinction of being named the “Most Innovative Entrepreneur to Watch.” Furthermore, Falguuni’s commitment to professional development led her to attain certification as a Psychometric Test Professional in 2020, reinforcing her expertise in the HR domain. She is also a certified Graphologist & Numerologist.
Navigating Challenges: Pioneering HR Consultancy
Falguuni Sheth embarked on her entrepreneurial journey at a time when HR was considered as part of expenses and merely a support function. Her tenacity and innovative approach to HR consulting encountered scepticism and resistance from business owners who were yet to grasp the advantages of strategic HR over operational HR. She has successfully established HR is one of the core function and an investment for every organisation.
The global pandemic presented an unforeseen challenge, but New Horizon’s reliable HR solutions and consulting services ensured that clients could navigate the complexities of office operations during this bleak period. The firm extended support by addressing issues such as pay deductions, deferred payments, downsizing, and formulating new policies tailored to the pandemic situation.
“Success in business is not merely about making profits; it’s about making a meaningful impact on people’s lives”
– Falguuni Sheth
Empowering Women Entrepreneurs: A Driving Force
Falguuni is not only a pioneering HR consultant but also a strong advocate for women in entrepreneurship. She recognises that women possess unique qualities that make them exceptional entrepreneurs. Women have a remarkable ability to juggle multiple roles at work and at home, serving as both leaders and managers in various aspects of their lives. With approximately 8 million women entrepreneurs in India and an increasing presence in corporate senior management positions, Falguuni is optimistic about the future.
A Vision for the Future: Falguuni’s Legacy
Standing at the forefront of the HR Revolution, Falguuni envisions a future where HR is recognised as an indispensable asset for every organisation. With New Horizon, she continues to guide businesses toward excellence by providing customised and innovative HR solutions. Her mission is to add tangible value to her clients’ businesses by advocating for the strategic role of HR.
A continues awareness to hire specially abled people, LGPT community is now on cards as CSR and She promotes the same.
Embodying the spirit of a true entrepreneur, with an unwavering commitment to excellence, a penchant for innovation, and an unyielding belief in the power of HR to shape the future of business, Falguuni continues to pave the way for New Horizon to become a beacon of innovation and a catalyst for change in the world of HR consulting.
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