Tag Archives: HR

human resources outsourcing

Balancing Your Human Resources Demands and Priorities

Human resources play a vital role in business operations, but unfortunately, can also be a big time drainer. In fact, “entrepreneurs can spend up to 40 percent of their precious day engaged in these necessary but time-sucking tasks.” This creates a problem where some businesses have limited time to spend on other critical areas like sales, marketing and employee management. When this is the case, you need to learn how to balance your human resources demands and priorities.

 

The Solution May Be Human Resources Outsourcing

One solution that’s helped countless companies is outsourcing a percentage of responsibilities to a third party. Known as human resources outsourcing (HRO), you can assign tasks to a professional firm who will pick up the slack. This works well because they can handle the HR duties that you’re inexperienced with or simply don’t have the time for.

For example, if you don’t understand the laws concerning employee benefits and worker’s compensation, an HRO firm could take care of related tasks to reduce your liabilities. If you’ve already got a lot on your plate and don’t have time to perform payroll processing and taxes, a firm could handle this as well.

 

How HRO Saves Time

When you’re not solely responsible for human resources duties, it can really simplify your life. Whether you choose to outsource only a small portion of HR tasks or nearly all of them, it makes it easier to get more done in other areas of your business. The best part is the amount of flexibility you have.

If you’re concerned about losing control over certain HR functions, there’s no need to worry because you can still handle those yourself. As your needs fluctuate, an HRO firm will work along with you so everything stays on track. Regardless of your situation, there’s almost always an HRO firm that can accommodate your business.

 

Juggling Multiple Tasks

As a business owner, you probably wear several hats, and it’s up to you to oversee the full spectrum of operations. Consequently, it’s helpful to have a qualified professional take care of the things that don’t necessarily require your full control. If handling worker’s compensation insurance and safety management were merely holding you back from expanding your customer base, it would be smart to let a third party cover you. That way you would be free to focus more on your area of expertise, so your company could run more efficiently and encounter fewer setbacks.

 

Expedite Business Growth

A proportionate balance of human resources with other priorities should help your business grow at a quicker rate than if you were stuck doing it all yourself. When you bring in a third party, you can delegate whatever HR tasks you need and still do the remainder in-house. In turn, you shouldn’t be hindered by wasted time due to repetitive tasks, and you can work harder to take your business to the next level.

Being smart and utilizing the right resources are critical for the your business’s long-term success. Luckily, there are more options than ever for small to mid-sized companies. Getting control of your human resources, and balancing other priorities can be a huge step in getting your business to where you want it to go.

 

 

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HRO

What is HRO? 4 Things to Look for in a Partner

Human Resources Outsourcing, or HRO, is a phenomenon that’s really caught on, especially with small to mid-sized businesses. This term is defined by Answers.com as “outsourcing the HR function to another company that specializes in HR.” The company that  outsources HR does not have its own internal HR department. Besides saving businesses time, this strategy is popular because of the financial savings, improved compliance with regulations, and access to sophisticated analytics.

Teaming up with a HRO partner allows your business to delegate tasks such as payroll processing, personnel administration, employee training, and benefits management. This gives in-house managers and employees time to focus on the core elements of running your business.

Because there can be a disparity among providers, it’s important to know what to look for. Here are four key things to look for when making your selection.

 

1) A Wide Range of Services

Ideally, a HR company will cover the entire spectrum of services so it’s a one stop shop. Whether it’s handling risk management, 401(k) plan administration, analyzing employee performance or finding temp workers, it’s nice to have a partner that can handle all of your needs. As your business grows, you never know which services you may need in the future, so a provider that covers all of the bases can accommodate that growth.

 

2) Compliance and Certifications

Regardless of your industry, there are often multiple regulations and standards that must be adhered to. Accordingly, a HRO partner should have some strong risk management programs in place to reduce the odds of serious issues arising. They should also make efforts to comply with local, state and federal regulations to avoid any legal backwater. Being certified with an organization like the National Association of Professional Employer Organization (NAPEO) is a good sign.

 

3) Extensive Experience

Although a relatively new provider doesn’t necessarily mean they’re ill-equipped, it’s in the best interest of your business to go with a tried and true HR company. Being in business for at least a decade shows that a provider has a reasonable level of experience and should be capable of handling your needs. It’s also smart to go with someone who has specific knowledge and experience in your industry.

 

4) Cutting Edge Technology

Technology plays a big role in human resources, so you should look for a partner that implements the latest systems. This will streamline communication in a way that you and your employees will benefit. It should also make it easier to transition into the future as technology becomes increasingly complex.

 

Taking advantage of HRO and everything that it brings to the table can yield big rewards for your business. Not only can you simplify operations and save money, but outsourcing should give you the edge over competitors and be a catalyst for growth.

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