There is a huge frustration among entrepreneurs when they need to spend more time on unproductive activities than they should. Matters related to the HR department ranging from payroll to benefits and reward management, demand more than 40% of their working hours along with other unfruitful tasks.
What study shows about HR Outsourcing strategies?
A study shows a growing need to address this kind of start-up imbalance by hiring around 700 professional HR outsourcing companies in the US who are also expected to serve their legal department and handle all payroll related issues.
Milan Yager, President and CEO of the National Association of Professional Employer Organizations shared his insights on HR functions: “Most small businesses are under 25 employees, and that means the owner is the most productive, is critical to the success of the business, and has to get out there and generate sales and products”.
However, entrepreneurs need to well-informed before hiring an HR outsourcing firm. While Human Resource Outsourcing Services are not for all, those who use their services can offer better benefits and other compensations for their worthy employees, believes Ed Vargas, senior vice president of health and benefits at Aon Consulting, “We help them set up a Fortune 500 package of benefits," he says. (Quotes referred from Toddi Gutner’s recent contribution on HR management)
So, what are the FAQs that needs to be answered and well-thought out before hiring HR consultants?
How many employees do you have?
Experts believe that hiring an HR professional depends on how big the company is. The size of the company defines how much the employer might spend on outsourcing as a bigger firm is more likely to hire employees at a rate of 10-15 per week which strategically downsizes the production hours to new employee handling.
On the contrary, it is true that HR Outsourcing service providers would not work with employers having less than 10 employees.
How much can you expect out of your HR Consulting Partner?
Studies show a growing number of professional bonding among HR consultants and entrepreneurs, big companies who extend their hands for a long-standing partnership. Keeping this relation in mind, HR outsourcing Firms generally control more administrative aspects of an organization than their in-house team.
What are the service offerings that matches your criteria?
Questions that cloud your mind while checking the list of offerings provided by an external headhunter are normal. You might be wondering whether your firm needs a web-based high tech approach or a face-to-face conversational approach for your future employees. As long as your goals and current business plans are aligned with that of hiring team’s strategies, everything can seem to go well. It is imperative for you to give them adequate knowledge of your business and higher goals so that they can pitch to potential employees regarding their career prospects while working with you.
Remember – each HR outsourcing service provider is different and each business owner can benefit by knowing their HR blueprint.
Content Source: http://www.impeccablehr.com/hr-outsourcing-strategies-for-the-entrepreneurially-challenged/
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