Why Smaller Companies Should Outsource HR Work?
Outsourcing HR 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 time
Saves capital
Mitigates legal risks
Increases HR competency
Brings flexibility
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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 employeerelated issues
It is not desirable standard for a small enterprise A great deal of productive time is lost in the paperwork HR outsourcing helps you to save a huge amount of the productive time It allows you to stay focused on the core strength www.virtualemployee.com
Saves Capital ●
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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 implementation
It needs a dedicated HR specialist to deal with these legal issues Any intended and unintended violation of these laws can result in litigation According to SBA, around 73 percent of the total employment litigations are filed against smaller enterprises www.virtualemployee.com
Increases HR Competency An affordable dedicated offshore HR provides the much-needed depth and breath Now, you can take services of both HR generalist and specialist As a result, your HR processes become more streamlined
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Brings Flexibility You can scale up or downsize your team easily You just need to share your intentions with a vendor So, your offshore dedicated HR team is more flexible Having a flexible HR team makes your company more agile
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