Many business leaders spend too much valuable time on less-than-productive tasks.
These duties tend to be largely administrative and don’t directly contribute to revenue.
Investing in a qualified outsourcing firm to handle HR functions can produce a return that far outweighs the cost of the service. For instance, your human resources needs might seem like a moving target right now as COVID-19 restrictions ease and businesses reopen. Or perhaps your staff is overburdened and in need of some relief. And what about hiring—how do you find the right talent in this unusual landscape? With the right professional outsourcing solution in place, you can seamlessly gain an effective, efficient HR department that will save you time and money. If you haven’t given serious thought to outsourcing, the range of tasks that can be offloaded and the benefits you stand to gain might surprise you.
Here are a few examples of the many ways a qualified HR outsourcing company can provide valuable peace of mind.
1. You stand to improve your bottom line.
Outsourcing HR allows companies to trim costs while improving the focus on their core business and customer-facing responsibilities. Utilizing the services of a quality provider can produce significant savings compared to employing a full-time HR professional, which typically costs between $70,000-120,000 annually, in addition to expenses such as benefits, taxes, and training. They can also ensure that you hire and retain the right people, reducing turnover and associated expenses.
2. Compliance headaches can become a thing of the past.
When it comes to compliance issues, not only are they multifaceted and ever-changing, there’s a lot at stake, too. Regulations can come from federal, state, and local governments, creating a confusing tangle of requirements. HR outsourcing services can provide valuable strategic guidance for a myriad of complex issues, such as company policies, training standards, safety and OSHA requirements, harassment claims, employment law notices, and more. These skilled professionals are the first to know about policy and regulation changes that can affect your workplace culture. You’ll mitigate your legal risks and you’ll put your mind at ease, too.
3. Top-notch resources and technology are at your fingertips.
Engaging a professional HR outsourcing firm means you’ll benefit from an array of state-of-the-art tools that can enhance your company’s performance and efficiency. At The HR Team, for example, clients have access through our accounts to BLR Library, Applicant Tracking System, and ERI Compensation Assessor without purchasing their entire libraries/subscriptions.
4. You’ll benefit from significant depth of experience.
In order to ensure that HR processes are implemented and executed properly, it requires a high level of expertise. Outsourcing to a professional firm provides access to knowledgeable consultants who have first-hand experience facilitating HR services across a variety of industries.
5. It puts you in control.
Inherently flexible, outsourcing offers the ability to customize the support services and schedules that work best for you. Whether it’s administering benefits, addressing compliance issues, providing coaching and counseling, or any other human resources need, outsourcing delivers maximum versatility.
In today’s fast-paced, unpredictable work environment, human resources should be a top priority for businesses in every industry. The HR Team provides competent, responsive support to help you overcome whatever challenges you’re facing. Contact us to learn more or to get started today.
About The HR Team: Founded in 1996, The HR Team is a Maryland-based human resources outsourcing firm committed to developing strategic, customized solutions that respond to the unique needs and cultures of organizations of all types and sizes. Available as a one-source alternative to an in-house HR department or on an à la carte project basis, the company’s flexible service models address the full spectrum of HR needs that many organizations struggle to address. The HR Team helps clients achieve their highest level of success by providing value-driven human resources services that leave them time to focus on what they do best: directing business growth and profitability. Headquartered in Columbia, Maryland, the firm serves all of Maryland, Washington, DC, and Virginia. To learn more about The HR Team, call 410.381.9700 or visit https://www.thehrteam.com/.