Managing your company’s HR functions in-house requires a substantial investment of your company’s resources. Instead, do what many small and medium-sized companies do: outsource it to a professional HR consultancy. The services and benefits that outsourcing offers your company are many, and can often enable you to improve your current HR processes.
Have You Considered Outsourcing Your Company’s HR Function?
With that in mind, here are some of the most commonly outsourced services included as part of HR outsourcing, along with their benefits:
Finding the best person to fill an opening in your company can be a daunting task for many organizations. However, it is much easier for a professional outsourcing firm.
Outsourced recruiting services can begin by assessing your company’s current workforce plans and evaluating the skills, competencies, and experiences your employees need for success on the job. They will then use meticulously designed employment branding to attract quality candidates, recruiting those who exhibit potential, and onboarding screened hires. To round out the process, HR experts will apply sound recruiting metrics and analytics to track and improve recruitment decisions, ensuring that your company is satisfied with its hiring decisions long term.
The most commonly outsourced HR function is the administration of company benefits, such as 401(k) administration, retirement and pension administration and planning, and employee assistance and counseling. Other commonly outsourced administration tasks include training, management development, coaching, and general benefits administration for medical, dental, vision and ancillary benefit plans.
Properly administering these requirements is both time-consuming and requires a high level of special expertise. For managers struggling to administer these tasks in addition to managing a team, it makes sense to outsource their benefits administration tasks. This can free up their time and mental bandwidth, while ensuring that these tasks are completed by an experienced HR professional.
The performance review process is an important aspect of employee development. An outsourcing firm can ensure that the process occurs timely and the data is properly safeguarded.
The firm can also evaluate the performance evaluation system your company uses to improve your organizations methods for gathering and sharing feedback. Perhaps you use an annual review, when a more frequent review process would be best. An HR professional has the expertise to analyze what would work best for you.
Policies and Procedures
An HR service can review your company’s HR policies and procedures from top to bottom and work with your leadership team on workforce planning and identifying strengths and areas where it needs improvement.
An independent HR professional can objectively evaluate how your employees are implementing your policies, and make recommendations to management on any appropriate changes to comply with laws and regulations. These HR professionals are experienced with helping companies improve staffing efficiencies through workflow changes or organizational changes. If necessary, the consultant can advise management on more effective ways to administer their human resources policies and procedures.
Outsourcing the training and development of your managers, supervisors and future team leadership is a great way to expand their leadership skills quickly and effectively, without the baggage of internal politics. This can also ensure that your leaders stay abreast of the latest management techniques as well as the laws and regulations governing workplace behavior.
HR Outsourcing companies also offer specialized training to help senior management become more effective leaders. By learning a variety of skills and competencies such as improved communication skills or project management skills, a professional executive coach can help your company executives achieve peak performance and drive your organization forward.
Greater Bottom Line
Without employing an $75K/per year human resources manager (plus benefits, and supporting staff) your organization can save loads of money by outsourcing your HR tasks and projects. Additionally, the average cost of hiring and training an employee runs at over $5,000 each. Outsourcing these tasks to a professional HR firm can significantly reduces those costs, as well.
Speak to the HR Consultants at Smart HR for more information
Want to spend less time filing paperwork and more time increasing your company revenues? Consider outsourcing your work to a professional HR Consultant. Not only can you streamline, optimize and outsource your entire HR department, but you can significantly improve these processes with next to no effort.
Ready to get started? Contact the HR consulting professionals at Smart HR today!