What’s the most valuable resource for your company? Call it workforce, staff, team, the people that work for you are the heart and spirit of your company. No matter if you run a small-medium sized enterprise or a large company, there are core functions related to the Human Resources department that can be a real headache when not handled properly. Dealing with recruitment, benefits, and compensation, labor law compliance, training, and development require the time and expertise that you lack or can’t afford in-house.
Numerous companies decide to outsource HR functions and this option brings many advantages with it.
Reasons why to outsource HR functions
They are too complex to manage in-house
It’s cost and time efficiency
The in-house team focused on company development
Advantages of HR outsourcing
Cost saving is the main advantage when speaking about outsourcing. The HR department is associated with high costs. It needs extra office space, equipment, and qualified people that come with extra expenses. By reducing risk related to workplace regulations and labor law. HR specialists stay current on updates to taxes or other regulations and avoid expensive lawsuits.
Agile employee orientation and development
Many companies don’t have in-house tools, trainers or training programs that help to develop employees and make them part of a new organizational culture faster. Special training is often needed for new employees as well as for other members of the team that are looking for promotional opportunities.
Access to new talent, skills, technology, and software
Payrolls are run correctly and on time
Your HR specialists won’t quit
Top outsourced HR functions
- Risk management
- Employee relation management
- Benefits and compensation
- Retirement planning
- Training and development
- Law compliance