Whether your business is growing or you simply need to contain costs, outsourcing your HR can have a direct, positive impact on productivity and profitability. Companies of all sizes outsource everything from bookkeeping and computer services to call center support. So why not HR? Outsourcing HR can deliver tangible business benefits.
Here are 5 major benefits of outsourcing HR for businesses:
1. Greater productivity
Outsourcing allows your business to focus on what you do best. For example, a saimin stand can work on improving the flavor of their broth or the quality of their noodles versus worrying about things like payroll or keeping up with compliance issues.
2. Increased profitability
By doing what you do best, you can concentrate on growing your company. Why spend time on an employee handbook? When was the last time it got you clients or drove sales?
3. Less time spent on transactional HR functions
Say “goodbye” to all that paperwork that comes with being an employer. Things like payroll, benefits, workers’ comp, and all that other “stuff.” Outsource it. And stop wasting time on all that “back office” administration.
4. Reduced liability
By sharing employment with a Professional Employer Organization (PEO), your business is reducing its liability. So no more worrying about tax filings and insurance. By outsourcing, all required taxes will be filed on time and your insurance will be in place.
5. Lowered labor costs
By sharing employment and reducing liability, your business will essentially lower its labor costs.
Have a question for one of our HR experts? To learn more about this issue or to schedule a free consultation on the advantages of human resources outsourcing, contact simplicityHR.
This article is for informational purposes only and does not constitute legal advice. Readers should first consult their attorney, accountant or adviser before acting upon any information in this article.