Believe it or not, 80% of companies that have outsourced HR say that they want to do so again. That’s a huge percentage, and just a hint at the great things outsourcing HR can do for your business. Not only will outsourcing save you time and money, but it will help your company scale along the way.
If you’re interested in making smart investments, then read on to learn about the 5 great benefits of outsourcing HR.
1. Save More Money
One of the biggest reasons companies outsource is to save money, and this is especially the case when it comes to outsourcing HR. It can save you thousands to hundreds of thousands based on the size of your company.
This is because outsourcing means you can do with fewer employees or fewer hours. As a result, you save on typical employee costs like salaries and hourly pay. You’ll also get major savings by not needing to provide employee benefits to extra staff.
Then, there’s also the cost of hiring and training itself – HR specialties. Studies show that per employee you hire in-house, you spend about $4,129.
2. Avoid Illegal Mistakes
For all businesses but small business HR outsourcing especially, HR services have the expertise to protect you from making mistakes. There are several federal and state laws that regulate hiring, onboarding, payroll, and other HR processes. If you make a legal mistake, you could end up getting fined or worse.
That’s why outsourcing to professionals instead of doing it yourself protects yourself and your business’s reputation. Plus, you get to relax and trust that everything is getting done right.
3. Streamline the Hiring Process
Another benefit is the streamlined hiring process. Outsourcing means help with making interviewing, onboarding, and training processes more efficient.
The more efficient these services are, the more you benefit because employees are able to start working at full productivity sooner. It also benefits employees, improving their satisfaction ratings, and reducing turnover.
4. Hire Better Employees
When you hire staff through expert HR outsourcing companies like this one here, you end up with better-qualified employees. This is because they know how to write engaging job descriptions, where to place them, how to narrow down your choices and get you the candidates you want.
Hiring can be just as competitive as looking for a job, so external HR services are great for getting you competitive candidates.
5. Boost Business Productivity and Growth
An outsourced HR solution also saves you time. If you have an internal HR team, they can focus their efforts on the long term betterment of your staff and company instead. If you typically hire people yourself, you’ll save time that can go towards other important areas of business.
You can even use your saved time and money to increase growth and campaign efforts that will boost your sales and profit.
Start Outsourcing HR
If you’re in the market for new employees or training the ones you have, outsourcing HR is one of the best things you can do for yourself and your business. You’ll benefit from saved time and money, increased productivity, and more.
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