Traditionally, when we think about HR, we think about employee payroll and complaint management. However, it’s more than just that. HR is also responsible for a lot of strategic processes such as talent development and performance management that can really propel a business forward.
With this in mind, you don’t want your current HR team to spend hours on menial tasks like tracking employee hours when they can prioritize on the growth-resulting areas in your business. Or, your business could still be in its infancy and you can’t afford to staff a dedicated in-house HR team.
Your business can find a lot of value in outsourcing HR to a reputable organization that has experience in HR management. Here, you’ll be able to outsource specific HR functions or even have them completely take over HR for you in the form of a professional employer organization (PEO).
In this article, we’ll take a look at 3 tips for growing your business from HR outsourcing.
1. Start With the Basics
The most common HR function businesses outsource is payroll. It’s not a surprise since it’s tedious and there is very little margin for error. By making mistakes especially in the tax filings department, your business can be penalized.
Many payroll services offer all-in-one solutions that help you save a lot of time and money. Some of the best HR services that offer payroll solutions can be found at SnackNation.
Some of the tasks payroll services provide are:
- Tracking work hours and attendance
- Calculating payroll taxes
- Accounting for 401(k) and other benefits
- Completing direct deposits
- Compliance with labor law
- Unemployment claims
2. Ensure Legal Compliance
One area where you really don’t want to get wrong is legal compliance. Laws and regulations surrounding worker’s compensation, benefits, harassment claims, etc are always changing and it’s difficult to keep tabs on each one. This is especially true when you have state laws that are stricter than federal laws.
When you hire a HR consultant, you can focus your time and effort into other parts of the business that demand your attention and they can figure out how to stay compliant to state and federal regulations. When it comes to legal matters, it’s best to not play that jack of all trades, master of none role.
If you don’t thread the waters carefully, you’re opening yourself up to lawsuits even from employees that are dissatisfied with how you manage their complaints. This is bad for your cash flow and reputation as well.
3. Ask for Hiring Assistance
When it comes to growing a business, you need top talent that can fit in your organization. Hiring employees is tough and time consuming. You need to advertise your job openings, read through thousands of applicants, and interview tens or maybe hundreds of candidates.
If you do not have a streamlined process in place, you’ll be wasting resources and your reputation as an employer will take a hit. Outsourcing the recruitment process can take away most of these headaches.
HR companies have talent in place that can manage the whole process. While some completely take over right through the interview process, others offer a guideline on the steps you should be taking to ensure you select the best candidate for the job. This includes crafting irresistible benefits that can outcompete other companies.
Hiring is only one half of the equation. You’ll need an efficient onboarding process so that the talent you recruit acclimatizes quickly in a new working environment. As you would guess, it’s also possible to outsource this HR function to make the whole recruitment process as smooth as possible.