Human resource outsourcing is becoming a commonly used business solution for companies who want to lower their expenditures while expanding their labor pool. Most companies are seeking creative and effective strategies to improve their profit margin in a troubled economy.
One of the most popular alternatives is the outsourcing of non-core business such as HR management and payroll services to save money and increase output without cutting back on quality. Human resource outsourcing is important to any business because it is more cost efficient and time saving to hire an agency to recruit and train employees rather than to do it in-house. Outsourcing workers also relieves companies of the burden of assuming all of the risks and responsibilities of employee/labor relations, safety and workers compensation.
From employee benefits services and payroll processing to HR consulting and technology services, more and more companies are relying on outsourced employees to bring specialized skills to their businesses. High quality employees are any company’s most critical asset. Outsourcing for fields such as technology and professional services has been proven to be advantageous for companies who want to focus on their core business and but still progress in the marketplace.
Your company more likely than not already outsources some services for these reasons. The most common functions outsourced by employers include:
1. Call Centers
5. Customer Service
6. Tax Advisory
7. Applications Management
8. Bank Tellers
10. Front Office Administration
Using the recruitment services of a Professional Employer Organization (PEO) or an Administrative Services Organization (ASO) allows a company to rely on their recruitment services and employee leasing services without having to pay the additional high price of employee benefits.
Keeping up with the competition is more difficult to do in a down economy. Utilizing human resources outsourcing is an efficient way for businesses to raise their performance while lowering costs. HR outsourcing is an invaluable tool for recruiting the right people with the experience and expertise that will help a business stay competitive.
Risk. You can’t eliminate it, but you can reduce it. And GHRO can help by working with you to create a Risk Management program that works for you. Through our strategic partnership with AON, GHRO offers coverage such as:
- General Liability
- Employment Practices
- Professional Liability
- Executive Risk
- Defense Base Act
- Umbrella Coverage
Unlike brokers, however, GHRO goes beyond the sale and includes the following services:
- Claims Investigation to resolve issues and mitigate risk
- Bills Administration to ensure you’re compensated correctly
- Claims Management to eliminate your need to work with insurance companies
- Attorney and nurse case management support as required when dealing with claims