What does it mean to outsource? What does outsourcing look like for small or even large businesses? As an HR professional, I look at outsourcing as allowing a third-party company to do what they’re good at in order to allow your company to do what THEY are good at!
You may be asking yourself, “Why would I outsource my HR or Risk Management part of my business?” Or you may even be concerned that outsourcing might not be a right fit for your organization. There are many different reasons why companies would choose to outsource their Human Resource functions to a PEO, and I’ll explain a three of them below. To get the full “Top 10,” head on over to our website to get the rest!
- Outsourcing Saves Time and Money – Your organization can save salary and benefit expenses by hiring and expert who is not on your payroll. Outsourcing functions like HR, benefits administration, and so on converts fixed costs into variable costs, releasing capital for other important aspects of the business.
- Improved Efficiency and Performance – As experts in their field, outsourced professionals will know the ins and outs of the task that comes with years of training and experience in handling job specific matters. Experts get the job done, and they get it done fast! Outsourcing also reduces the risk of costly errors.
- Reduces Overhead – Outsourcing allows companies to reduce financial risks by utilizing internal resources more efficiently. By the time an organization factors in recruiting, screening, hiring, training, outfitting, and managing multiple positions, they have far exceeded the time and cost for what one outsourcing firm can accomplish. Think: office space, computer, phone, software license, internet use, taxes, etc…
As you can see, even the top three reasons seem to be reason enough to entertain the idea of outsourcing. With a PEO like Solution Services, you will find a custom partner for all your HR Outsourcing needs. Give us a call today at 888-557-1600, to schedule a free meeting with our team to find out how we can start helping you immediately!