5 Core HR Functions that can be Outsourced to GEx
Human resource is a huge function with several crucial sub functions. No, it’s not just about hiring and salary, they are just two of the core sub-functions and the list huge. And that is why it is a very busy department that requires a lot of investment in terms of hiring skilled human resource personnel and time needed for all the processes.
Businesses often get overwhelmed with the huge array of tasks associated with the Human Resource Department. Fortunately, it is now possible to outsource core HR functions to a third party and focus on scaling your business. You did not know that? Well, now we have told you. Which HR functions can you outsource? Here they are.
List of the top 5 Core Services
Recruitment is a long-drawn process that calls for a lot of time and energy from the HR professionals. Outsourcing this function gives you access to superior resources with the help of third-party experts. It also enables you to hire international talent without breaking a sweat.
Recruitment companies take care of all the processes right from CV shortlisting to contracts of the selected employees and even the legal compliances related to international recruitment. So, at the end of the day you get to work with the CRÈME DE LA CRÈME of industry while focusing all your energy in running your business rather than finding the right people.
2. Performance Management
Performance management is an unavoidable function of the human resource department. It includes sub-segments such as salary negotiations, annual reviews and other performance related activities. All of these again are time-consuming and need a lot of expertise. And you may run short of one or both of them.
The best way out is to outsource performance management and sit back while your employees are treated well and fairly. A third-party HR company can also help you identify and set performance goals and appropriate actions for the expected performance.
Payroll processing is one of the most commonly outsourced HR processes. And that is for obvious reasons. Payroll processing is a complicated process that involves calculating salaries while considering leaves, deductions, taxes reimbursements and many other factors. It can get confusing and result in a lot of errors in the absence of skilled professionals.
Outsourcing this function can save you a lot of headache and even legal hassles that may occur because of calculation mistakes. Save time and money by outsourcing function to a top-notch company.
4. Employee Training
Employee training is a crucial aspect of an employee’s and the company’s growth. It involves identifying skill deficits and helping employees with the necessary tools. This function improves self-confidence and performance while upping the employee morale and improving employee satisfaction.
Outsourcing this function to a top human resource company will help you leverage their best-in-industry resources and the expertise in delivering training material. This one step can save you a lot of money and the need to hire expert trainers.
5. Compliance and Safety
Running a business with a certain number of team members involves a number of rules, regulations and mandates. All of them can be highly confusing and complicated at their best and if you are a new business owner, they are capable of overwhelming you with all the legal jargons.
Thankfully, this function can also be outsourced. A compliance partner can take all the legal weight off your shoulder by taking care of verticals such as disputes, safety regulations, employment laws, harassment settlements and so much more.
Is HR Out Sourcing Good for your Business?
Yes, it is good for every business that wants to focus their energy on scaling the business. It can also work wonders for businesses that want to optimize functions and efficiently manage their expenses. In short, it is for any business that needs outsourcing.
Outsourcing human resource functions can help you save on the huge amount of time and money spent on maintaining an HR department. While some companies may not have the inclination to maintain an HR department it is also true that some companies do not need one. An outsourced HR company can do a magnificent job and still look good on the company cost sheet. Think about it.
GEx is a trusted recruitment partner of businesses across industries. It offers both onshore and offshore recruitment services along with several core HR services. Head to the GEx website to find out what we can do for you.
Get ready to scale your business and see an upward tick in your ROI because we will find the best talent and take care of your crucial functions while you work on your dream.