7 Reasons How HR outsourcing can Benefit your Business


Synchronyhr1012

Uploaded on Jul 28, 2021

Category Career & HR

Being comprised of HR and employment law professionals, HROs can help navigate these laws and regulations that can often be difficult for non-legal professionals to understand.

Category Career & HR

Comments

                     

7 Reasons How HR outsourcing can Benefit your Business

7 REASONS HOW HR OUTSOURCING CAN BENEFIT YOUR BUSINESS PEACE OF PROTECTION Being comprised of HR and employment law professionals, HROs can help navigate these laws and regulations that can often be difficult for non-legal professionals to understand. Business owners can rely on their HRO partner to keep them up-to-date with new and changing laws, while also providing suggestions for improving policies and procedures to help avoid potential difficulties. BETTER FOR REMOTE WORK As the COVID-19 pandemic continues to surge across the world, a growing number of businesses are resuming their remote operations into 2021. HROs can assist with this continued transition by providing general guidance and support, along with digital training and resources for employees. ENHANCED PRODUCTIVITY With the support of an HRO partner, business owners and managers can spend less time worrying about forms, training, disputes, and more. Not only do HROs assist with HR, but they also provide services related to payroll, benefits administration, and risk management that can create even more efficiencies. Cost Savings The hiring and retention services provided by an HRO can reduce expenses related to employee turnover. And speaking of personnel, many business owners decide not to hire or maintain an internal HR and payroll team while partnering with an HRO, thus saving additional resources. INCREASED GROWTH AND PROFITABILITY Per the National Association of Professional Employer Organizations (NAPEO), the expected annual median revenue growth for HR outsourcing clients was once reported to have been 40% greater than that of similar businesses. They also reported that those utilizing HROs were 16% more likely to report an increase in profitability. HR PROFESSIONALS KNOW THE BEST The professionals within an HRO firm are extremely experienced in bringing in new employees. They can help you avoid mistakes that might come up during the hiring process, such as poorly conducting a job interview and help the process run smoothly. GATHERING ALL THE NECESSARY INFORMATION Gathering the information needed for a new candidate can be difficult. An HRO organization will know what information is needed and what might be the right time to request it. This can simplify the interview stage, as all required information will be in place for each candidate. THANK YOUinfo@!synchronyhr.com www.synchronyhr CREDITS: This presentation template was created by Slidesgo, including icons by Fla.ctiocomn, a(n3d1 i4nf)o g2ra2p2h-ic5s7 &7 i0mages by Freepik.