Human Resources Outsourcing | HR Solutions | SynchronyHR


Synchronyhr1012

Uploaded on Sep 17, 2021

Category Business

Our HR Solutions are focused on comprehensive consultancy, infrastructure, and outsourcing technologies that are scalable and responsive to your needs

Category Business

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Human Resources Outsourcing | HR Solutions | SynchronyHR

5 Reasons to Consider HR outsourcing in 2021 Dealing with every business practice in-house can be an exhausting task, especially with a small team. To combat this, many companies have started outsourcing administrative responsibilities such as the human resources (HR) department. So how exactly does outsourcing HR-related tasks help 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. An HRO can also assist with a virtual hiring process, while also setting up remote onboarding and training for new employees. Enhanced Productivity With a simplified schedule, management can instead put more time into enhancing internal communications, boosting retention efforts, updating hiring practices, improving remote and office working conditions, and other factors that can boost productivity. 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 HRO clients are able to save on a multitude of business expenses, including administrative costs, perks and benefits, unemployment insurance (UI), and more. The hiring and retention services provided by an HRO can also reduce expenses related to employee turnover. Increased Growth and Profitability With many businesses having struggled throughout 2020, these helpful resources may be able to assist in a 2021 comeback. As 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. Contact us! www.synchronyhr.com [email protected] (314) 222-5770 Thank You!!!