Human resource (HR) outsourcing is a growing trend among businesses of all sizes and industries. As your business expands, you may discover that you have too much on your plate as the head of the company. You may need someone who can support you in handling all the administrative work that comes with hiring staff, onboarding them and managing their benefits. If you find yourself in this position, it’s time to outsource your HR needs.
HR Outsourcing brings an objective third party into your company to assist you with your HR needs, allowing you to focus on strategy and growth instead of spending all your time processing payroll or reviewing employee performance reports.
To help you make the most informed decision possible, continue reading to learn about the benefits of outsourcing HR services in Singapore, as well as the tasks you can outsource.
HR Outsourcing Benefits
HR outsourcing brings other benefits to the table besides freeing up your company leaders to focus on core activities, growth strategies and expansion plans. Some of these include:
- Business continuity during times of employee turnover
You can rest easy knowing that your employees’ benefits are being handled by the HR service partner so that you don’t have to handle the headache of constant changes in the midst of onboarding new employees.
- Willingness to pay competitive wages and offer competitive benefits
An HR outsourcing partner is equipped to handle all the administrative tasks that come with employee benefits, such as health insurance and regulatory compliance. This comes in handy when you have a large staff and need to be sure everyone is being paid fairly.
- Ability to attract top talent
Hiring an outsourcer means having someone on your team who can make your company attractive to prospective employees. Outsourcing your HR tasks can help you attract the best talent.
HR Functions to Outsource
- Hiring process
The hiring process is a critical component of running a successful business. Hiring new employees on your own can be overwhelming, especially if you must fill multiple positions simultaneously.
Thus, outsourcing the hiring process takes the pressure off the hiring manager. It allows the company to focus on bringing in qualified candidates while the HR partner handles the administrative side of hiring.
When you outsource your hiring process, your HR partner will work with you to develop a strategy and identify ways to streamline the process, allowing you to focus on sourcing candidates and assessing their applications without worrying about managing the details. As a result, your outsourcing partner can aid you in developing a consistent hiring process across departments and positions.
- Employee onboarding
Onboarding is the process of bringing new employees into your company and getting them up to speed on the company culture, goals, and objectives. It’s a crucial component of the hiring process and can be a challenge for a busy HR manager who also must manage company policies and other HR functions.
By outsourcing these functions, your HR partner should be able to manage administrative tasks such as scheduling training sessions and facilitating introductions between new hires and other team members.
- HR administration
Managing payroll and benefits are examples of administrative tasks that can be outsourced. Although they are significant HR components, your company may not need to oversee them. By outsourcing these tasks, your team can focus on what matters most.
- HR strategy
Outsourcing HR strategy is an excellent option for growing companies that need support in setting long-term goals. An HR strategy outlines the objectives your company wants to achieve through hiring, training, and other HR functions. With an HR strategy in place, you can understand how each function in your HR department contributes to the overall goals of your company and drive greater business value.
HR outsourcing is a great way to take pressure off busy company managers who have too much on their plates. Outsourcing your HR department will allow you to focus on the most important aspect of your business — growing your company and bringing in new customers.
Enable Consulting is one of the reputed HR outsourcing companies in Singapore, offering comprehensive HR services to businesses of all sizes and sectors. With our experienced and skilled consultants, you can be confident that you will receive only the best HR advisory and guidance to meet your company’s needs. Contact us today for a consultation tailored to your company’s unique requirements.