Outsourcing your HR functions can impact business growth by 7%

Thursday, 21st October 2021 16:11

Outsourcing HR can feel like a gamble. In trusting a third party with your employees wellbeing, motivation so much more, alongside your company processes, you might feel somewhat apprehensive. 

HR is a large and very important part of a business, dealing with all aspects of employment including recruitment, benefits, payroll, shift patterns, appraisals, and leave. All these areas require a lot of your time and focus as well as very time consuming. For many businesses the past year has been extremely tough. The Covid-19 virus has imposed unprecedented levels of pressure on businesses especially in the many areas of legal compliance. 

Therefore, a lot of businesses these days are outsourcing their HR. Here we look at some of the reasons why it could be a good idea:

It saves time

Ever noticed there are never enough hours in the day to get everything done? Imagine what it would be like to have someone take some of the workload off. HR concerns take up a lot of time, particularly if you are a small business with limited staff. You won’t be finding enough time to make sure HR is in check and your business will suffer from this. By outsourcing your HR, this frees up your time, leaving you to focus on the business and let HR be dealt with elsewhere. Studies have shown that business tend to grow more than 7% by simply outsourcing their HR department. It only makes sense to have people help you with the important areas so your business can benefit from your full attention.

Your business can become more streamlined and effective

By outsourcing your HR needs, you can be assured you have a team of experts helping you, rather than having to interview people and hoping someone of quality applies. Having access to expert help with people who specialise in Human Resources will make it easier to keep up to date with the ever-changing regulations and be able to give advice when dealing with difficult situations.

It can save you money

It can be expensive for any business to hire new staff, and anyone with a head for business is about saving money rather than spending it. Sometimes you don’t have it in the budget, or you just don’t have the space or facilities for extra people. By outsourcing your HR, you’re paying one fee rather than multiple salaries, or at the fraction of the cost of employing an HR Manager.

So, if you are a busy HR professional currently buried under paperwork and would you like a second pair of hands to help you get through the endless administration needed to run an effective HR department, at identecoHR, we can help. Our comprehensive online toolkit provides HR support to business owners, office managers and HR professionals as they navigate their way through the endless admin often associated with HR. Freeing you from the endless, routine tasks which then enables you to focus on the core business.

Our innovative HR software will do the legwork for you – helping you achieve greater accuracy and proficiency and having a direct effect on your business’ bottom line. identecoHR provides a full range of human resources management and HR support services, helping your business to stay compliant, efficient and proactive.

Speak to one of our specialist team today.

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