Smart Outsourcing from A to Z


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Smart Outsourcing from A to Z

  1. 1. Human Resource Outsourcing<br />How Small businesses are winning by outsourcing.<br /><br />
  2. 2. Benefits of Outsourcing HR<br /><ul><li>Reduce administrative burden
  3. 3. Reduce costs of HR process
  4. 4. Offer employees more World Class benefits
  5. 5. Gain advice and solutions from HR professionals
  6. 6. Win by thinking BIG and staying Scrappy !!</li></li></ul><li>Outsourcing HR Costs vs. In-house HR Costs per employee.<br />$165<br />$199<br />Average annual cost of ownership per employee.<br />( Miller, 2005 )<br />When outsourced<br />When administered in-house.<br />Some companies found saving of 50% by outsourcing their entire HR department<br /> (Rosenthal, 2006).<br />
  7. 7. Size of your business<br />Consider the size of your company.<br />If your business has eight employees or more, outsourcing HR can be cost-effective, experts and small-business owners say. Many companies are choosing to outsource their entire HR department to Full-Service HR vendors.<br />When choosing the right vendor to outsource find out their minimum employee requirement. only requires 5 employees to start a plan for your business.<br />
  8. 8. Benefits<br />Offer competitive benefits.<br />HR vendors can secure a more affordable and comprehensive benefits package than a small business can on its own. <br />Hire HR professionals to design HR functions that will benefit your business as you grow.<br />
  9. 9. Recruit top talent.<br />Offer prospective employees world-class benefits package. <br />Help retain your current talent.<br />
  10. 10. Give power to your employees.<br /> A regular employee can log in to check benefits, tax information, and available vacation days. A supervisor can view his or her own benefits plus those of the team.<br />
  11. 11. Relieve the administrative burden.<br />Online access means your employees can find the answers to questions themselves and manage their benefit options and direct deposit.<br />No mountains of paperwork, file cabinets or huge copiers.<br />
  12. 12. Stay in legal compliance.<br />With online applications you can keep an online library of documents for job applications, mandatory employer postings, and State/ Federal laws where employees can access it. <br />HR consultants can help you stay current with new laws that affect your business. <br />
  13. 13. Examples of HR processes<br />Recruiting<br />Payroll<br />Health plans Defined retirement plans<br />Defined contribution retirement plans<br />HR Functions Outsourced Now<br />4%<br />Performance management<br />9%<br />22%<br />52%<br />75%<br />
  14. 14. Examples of Full service HR vendors.<br />Sherbert Associates:<br /><br /> <br /><br />
  15. 15. References<br />ADP (2010). Retrieved February 22, 2010.<br />Lendino, Jamie (2006). outsourcing can grow your business. Retrieved March 3, 2010.<br /><br />Miller, Stephen (2005). Study: Benefits Outsourcing Can Save Money, Increase Efficiencies.Retrieved February 23, 2010.<br />Noe, (2010). Human Resource Management. McGraw-Hill Irwin. New York , NY. Pg 733.<br />Rosenthal, Beth (2006). How to Outsource Everything in HR. Retrieved February 22, 2010.<br />TriNet (2010), Alarm Central saves time and finds expertise with TriNet. Retrieved<br />TriNet (2010), Retrieved March 3, 2010.<br />