why smaller companies should outsource hr work
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Smaller companies can gain a lot from outsourcing their HR work. It not only helps them to save capital, but also mitigates risks of unintended employment-related litigations.TRANSCRIPT
Why Smaller Companies Should Outsource HR Work?
Outsourcing HR can solve most of your HR related issues of smaller companies and also increases productivity. There are a plethora of reasons for smaller enterprises to outsource their HR functions.Saves productive timeSaves capitalMitigates legal risksIncreases HR competency Brings flexibility
Outsourcing HR
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Saves Productive Time
According to Small Business Administration, smaller enterprises spend between 7-25 percent of their total productive time in handling employee-related issuesIt is not desirable standard for a small enterpriseA great deal of productive time is lost in the paperworkHR outsourcing helps you to save a huge amount of the productive timeIt allows you to stay focused on the core strength
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Saves Capital
Outsourcing The average cost of HR for companies with less than 250 employees is $1469 per employee per year
Outsourcing HR enables you to save considerable capital
You can use this precious saving to improve your services
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Mitigates Legal Risk
There are different employment laws at state and federal level in US
It creates a lot of confusion in implementationIt needs a dedicated HR specialist to deal with these legal issuesAny intended and unintended violation of these laws can result in litigationAccording to SBA, around 73 percent of the total employment litigations are filed against smaller enterprises
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Increases HR Competency
An affordable dedicated offshore HR provides the much-needed depth and breathNow, you can take services of both HR generalist and specialistAs a result, your HR processes become more streamlined
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Brings Flexibility
You can scale up or downsize your team easilyYou just need to share your intentions with a vendorSo, your offshore dedicated HR team is more flexibleHaving a flexible HR team makes your company more agile
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