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Human Resource Outsourcing

There is a rise in Human Resource outsourcing as a value-added service. Everything related to HR outsourcing Services is discussed here.

  • Attendance Management
  • Salary Disbursement
  • Annual Balance Sheet Analysis
  • PF / ESI Submission
  • Employee Data base management
  • DJohn Hancock Liability
  • Compensation and Benefits

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Definition
Services
Benefits
Factors
FAQ

What is Human Resource Outsourcing?


Companies these days, partially or wholly, are slowly getting into the practice of Human Resource outsourcing. More and more organizations are slowly finding it challenging to observe not only the core HR policies of the company but also ensuring that the other key areas in the HR domain like talent acquisition, defining goals of employees and aligning them to achieve the same, determining the productivity of the employees, providing best learning and development support, employee engagement, defining proper reward system, handling attrition, etc are maintained at professionally and transparently. Most companies today feel the need for an expert to fill up the vacuum in the domain.

What are the Services Provided by HR Outsourcing Companies?


HR Outsourcing Companies generally perform the following functions for their clients:-

Benefits of HR Outsourcing Services


Two main reasons that organizations choose HR outsourcing services functions to a third-party firm called HR consulting firms are – cost-effective solutions and saving of time.
The advantages of HR outsourcing services for small business and growing companies are:-

Factors Influencing the Choice of HR Outsourcing Services


Why is HR Outsourcing Services Required?


Big or small companies, start-ups, or established brands, all companies hire external firms at some point in time for HR support services. Though bigger companies have their own internal Human Resources department, they do enter into a contract with reputed hr outsourcing companies to manage their human resources efficiently and intelligently. From Payroll outsourcing to handle the administration, from recruiting new employees to training them – these are a few of the tasks that companies look at offloading to an external HR agency. Payroll outsourcing is generally a service that micro and small firms outsource as they have limited time and resources on their hand and this is one of the best ways to reduce their administrative workload.

Though there are challenges with regard to human resource outsourcing by small businesses, the HR trends of the current year indicate that small firms are ready to go the selective outsourcing way as well make more use of social media for recruiting purposes – this approach is basically to save costs because the market feels that hiring hr outsourcing companies can be an expensive affair. However, it is important to mention here that top HR outsourcing companies provide their clients with customized packages based on the needs of their clients. These companies generally manage the functions from an offsite location but are flexible enough to provide onsite assistance, at the client’s office, if need be.

New Trends in HR Outsourcing Services


A few of the cost-effective trends that are picking up in recent times are:-

These trends are expected to catch up even with smaller firms very soon in the future.

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Frequently Asked Questions


Are your employees on commission or are salaried? Are there frequent changes in the payroll due to the difference in nature of employment of your workforce? Let us manage and process your payroll by putting our best resources to ensure the correctness and timeliness.

We do process your Bi-weekly, Semi-Monthly and Monthly payrolls. We do make required changes in the payroll like salary advances, commission, garnishments etc. and submit payroll after review.

The correctness of the employee information, their tax liability, and other commitments shall be seamless in their payroll. Let us gather all required information regarding any new hire, re-hire, and update the same in the payroll system. Changes in the garnishment information, employee termination, type of employment, etc. are critical to the correctness of the payroll.

We do update your system with the New Hire, Re-Hire, Employee Information Changes, Employee Termination etc. as and when required.

Employee compensation and benefits need to be managed and adhered to the policies and procedures existing in the state. Let us help you get your payroll defined accordingly.

We provide you with expert advice and a personalized approach to achieve your compensation goals. We specialize in the analysis, diagnosis, design, and communication required for the effective and efficient delivery of compensation programs.

Human Resource Outsourcing is the process in which the human resource function of the firm is outsourced to a third-party service provider.

Outsourcing would improve any form of process of service. For example, if the human resource process is outsourced to an external provider, the internal department or management of the company would not have to focus on carrying out the outsourcing functions.

There are different benefits of outsourcing HR services:

• The main goals of the firm or organisation can be prioritized by the firm.

• More support and focus can be achieved through this process.

• No amount of investment has to be spent on the human resource functions of the firm.

Outsourcing the HR is important for the organisation in the long run. As it would reduce the amount of work carried out by the management in hiring internal human resources for the organisation.

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