To reduce cost and focus on strategic issues, the small business owners are now taking the services from HR outsourcing service providers. These companies also help to improve their services to the employees and save time that was used for non-revenue generating works. You must understand what HR outsourcing first, who the service providers are and then how they help small businesses.
In Human Resource outsourcing, the contract for HR functioning is given to an external supplier who is specialized in this sort of functioning. It includes all the activities like management, payroll, benefits, and compensation. If you want to outsource your HR functions then the first thing that would have come across in your mind is that whether the services are good or not, how to avail them, is it good for your company’s scale? Here is the answer to all your queries.
Before initiating any steps towards outsourcing, you must consider the following points:
Scale:
If your company is big enough that you have an in-house HR department and when your administrative processes slow down productivity, then you can opt for outsourcing. When your company is too small that it has less than ten employees, some HR Outsourcing Companies in India may refuse to work with you. Therefore, it is necessary to understand your company’s scale.
Cost:
This factor always makes you think whenever you start something new. You must go to the outsourcing company that comes with a reasonable cost to cope up with the budget of your company. The cost varies depending upon the task estimated from 2% to 11% of wages.
Task Assigned:
You will have to decide how many functions you want to be outsourced. If you can control all the activities, then there is no need of hiring an outsourcing company.
Kind of outsource:
You will have to keep in mind always what you want to outsource. Is it HR consulting, compensation consulting, payroll? Some companies also provide training facilities too. So, you need to think about what facility you want and pay for the same.
Now that you have understood the meaning and needed to hire the outsourcing company, you need to know some of the agencies. You can choose any one of them according to your purpose:
Enterslice:
Enterslice is a CPA and legal technology firm that do registration for entrepreneurs and helps them to manage their business. It's an award-winning firm that delivers great services to newbie entrepreneurs.
Swarit Advisors:
It is a Noida based company. Swarit Advisors helps MNC and startup for any of their compliance issue, Taxation etc. They offer one-click access to individuals for all the professional and legal related services.
Corpfilings:
It’s a portal for different companies that are listed on the BSE and NSE for filling and dissemination.
Author is an expert of a HR Outsourcing Companies, go here for more interesting information
Author is an expert of a HR Outsourcing Companies, go here for more interesting information
