HR Outsourcing: Your Key To Success

A recent study has shown the minimum time taken by small business owners to spend on HR administration, government requirements and employee concerns to be 20% - 40% on an average (Small Business Administration). HR Outsourcing offers flexibility in spending money for hiring and retaining talent within the organization. Competitive HR consultants are particular about fostering growth, giving employees a fruitful opportunity to complete tasks and build lasting relationships with their fellow colleagues and bosses.

56% out of 169 companies surveyed by the society of Human Resource Management (SHRM’s – a global HRM association) has reported to have chosen HR outsourcing services to cut down costs and let them save up to 35% for their future growth. The remaining percentage out of 169 companies around the world, have chosen to reduce HRM costs within their organization.

In addition, if the small firms opt for HR outsourcing from the start, then it reduces additional costs of experimenting with bad candidature as well as in-house HR costs. HR recruiters also offer an array of services to grow your business. Some of them are:

Organization Design -

• Strategy Articulation
• HR Process Audits
• Defining/ Reviewing/ restructuring Organization structure

Role Design –

• Job Analysis and Design (Documentation through Job Descriptions)
• Clarification of account abilities and design of decision making process
• Job Grading/Banding

Talent Management:

• Competency Framework Design
• Talent Identification & Development
• Training Need Identification
• Design of Career Path Framework and Succession Planning
• Mobility & Deployment
• Talent Strategy & Analytics
• Strategic Workforce Planning and Optimization

All these services bring about a harmonious work environment that initiates stable outcomes for all involved within the organization. Former Apple CEO – Steve Jobs once said, “When you’re in a start-up, the first ten people will determine whether the company succeeds or not. Each is 10 percent of the company. So why wouldn’t you take as much time as necessary to find all the A players? If three were not so great, why would you want a company where 30 percent of your people are not so great? A small company depends on great people much more than a big company does.”

To sum up, the benefits of hiring HR outsourcing Firm might exceed the following:

• Cost Reduction
• HR are more strategic and focused
• Initiation of Quality services
• Less burden on lower management
• Streamlines HR functions

Are there any risks? Let us estimate:

• Hidden or unexpected costs
• Organizational reluctance
• Service cut offs
• HR vendors failure to deliver
• Transformation in HR business
• Other vendor management issues

Despite of all these risks, why must one choose Human Resource outsourcing services?

• It is a great service that minimizes your business risks
• Unnecessary cost reduction
• Creating a positive competition among peers
• Streamlining management and payroll services to improve & motivate staff
• Protects companies from employee’s litigation
• Reduce the lower management’s work load
• Help in meeting business meetings more effectively

This leaves enough room for in-house HR and other staff to concentrate on their designated tasks and grow with determination of achieving their career milestone within the company.

Content Source: http://www.impeccablehr.com/hr-outsourcing-your-key-to-success/