Did you know that 99 percent of businesses in the US are considered small businesses? In fact, 88 percent of businesses have less than 20 employees. Unsurprisingly, most small businesses do not have an HR department or an HR outsourcing partner. Most don’t even have a single human resources representative, and with good reason.
You don’t “need” an in-house, full-time HR expert or department in many businesses. But that doesn’t mean you wouldn’t greatly benefit from having an outsourced HR partner—and maybe even a contingent workforce management partner.
First, let’s take a look at the HR facet of such a partnership. A contingent workforce management partner is like having an in-house HR professional team, except you enjoy all of the perks of HR without any of the downsides.
What exactly do HR departments do, anyway? It can vary based on your business, but in general, HR is in charge of managing the complete employee “lifecycle” from recruitment to hiring and onboarding, continuing training, and finally terminating or helping workers transition to another company or retirement. HR also manages employee benefits.
Let an HR Outsourcing Partner Handle These Tasks
Ultimately, HR supports employees—it’s the literal resource for the humans of your business. A lot of what HR can and does take care of is time-consuming and complex for non-HR pros to handle. If you’ve ever tried to recruit, onboard, train, and keep not just a candidate but a great candidate, you know how exhausting it can be. It feels like a full-time job because it is. It’s a big part of an HR outsourcing partner’s job.
An HR Outsourcing partner can also handle benefit analyses, and that’s a key factor in recruiting and keeping the best candidates. Add in the processing of payroll, handling any disciplinary actions, updating company policies and making sure they align with federal, state, and local guidelines, and flawlessly keeping employee records, and it’s easy to see how an HR partner can really be of enormous help.
An HR Outsourcing partner imbues you with the ability to leverage your complete workforce while also making operating streamlined. You get the data analyses necessary to make the best decisions quickly. Since every business is unique in nearly every aspect, from AP/AR to scheduling, a one sized fits all approach can lead to disjointment between departments. Miscommunication and double work along with higher odds of error can be addressed with the right workforce management solution.
Ultimately, this is a solution that leads to cost-savings for you. Make the most of your management skills and have access to the latest best practices you can adopt specifically for your business needs.
Here’s What Happens if You Handle HR Yourself
There’s a reason you can get a PhD in Human Resources and why many HR managers hold relevant master’s degrees. This work is no easy task!
Being an HR expert requires years of experience and regular continuing education to ensure these experts stay up to date on the latest legal requirements for running a business—that are changing at a whip-fast rate during COVID. It’s virtually impossible for someone without an HR background and training to take on the role of an HR manager at a company.
Businesses of all sizes can feel like they have no options when trying to find help in tackling not only their HR needs but their entire overarching workforce.
You know you need sound, expert support but maybe you don’t need or have the capacity to bring on a full-time HR professional much less an entire department. That’s where an HR outsourcing partner can help.
There’s no need to worry about whether you’re “doing it right.” You don’t need to worry about legal repercussions because a workforce management partner becomes your legal employer—which means you’re covered. You can avoid wasting time, money, and resources trying to handle numerous duties yourself and enjoy peace of mind knowing a trusted workforce partner is taking care of your business.