Human resources outsourcing – how can your business benefit?
There are real advantages for you, your company, and your employees when you choose to outsource your HR functions. A seasoned HR team can apply best practices to attract and retain the right people for your organization.
Here are just a few of the benefits of HR outsourcing:
You will save money
It takes a fair amount of money to properly staff a human resources team in-house. Even though it is vital for a growing business to have sound HR processes in place, the funds for this are not easily raised by the average SME.
It can also be difficult to find the best recruitment software to suit your purposes. Then there is the time spent onboarding and training. An HR specialist can really save you money while giving you access to the best tools and recruitment processes. In fact, by collaborating to outsource your HR, you could save up to thirty per cent of your staffing costs.
You can focus on your core business
Your time is valuable. People don’t usually start a business with the intention of dealing with employee contracts, employment law, or handling payroll etc. This is why many companies choose to outsource their HR.
It’s far better in the hands of the experts, leaving you more time to manage all the stuff that sparked your passion in the first place. Moreover, a professional HR consulting service can provide:
- Improved quality and quantity of applications
- Shorter lead time to fill vacancies
- Enhanced cultural and organisational fit of new employees
- Reduced labour turnover in the initial months of employment
- Improved talent retention
- Enhanced performance levels of new employees
- Enhanced employer brand awareness
Your compliance will improve
It is crucial that your business complies with certain laws and regulations as an employer. Failure to do this can be expensive! Ever-changing government regulations make this difficult to keep up with.
Outsourcing human resources ensures that your company will be compliant with all applicable regulations, at all times, and will save you hours of work.
Your employees will be happier
Outsourcing your HR will definitely make your staff happy. A collaborative HR consultant will be able to manage your employees’ needs, help build a positive work culture, and improve staff retention. You will be able to offer your staff greater perks, training opportunities, and better benefits packages. In carrying out this transformation process, you will champion your people’s best qualities, empower your workforce as a winning team, whilst positively impacting your bottom line.
If you’re ready to consider outsourcing your HR department, ThinkTalent is here! With over 30 years at the core of the HR sector internationally, we are happy to answer any questions you may have.