Outsourcing your human resources needs, In a nutshell – expert advice from Michael Green at Endorse HR Limited.Click here to view the transcript
What sort of services might you need?
At the very least you will need to ensure that you meet your legal requirements in terms of Health and Safety, policies and contracts. You may need additional help in setting up performance management processes or dealing with employee relations issues, such as legal claims, redundancy and restructuring the business, grievances and dismissals.
How much does an outsourced service cost?
You should always establish up front the way in which the service is billed. Providers should be able to give you an estimate of cost, or at least a range of costs for a specific project, whilst on-going support services are normally supplied on a retained basis with either a monthly fixed fee or an agreed hourly rate.
However the service is set up, you should ensure you receive an itemised billing report so that you can see exactly what you are paying for, and this allows you to decide if you are getting value for money.
But when does it make sense for you to outsource?
If your admin processes are slowing down the productivity of your company, it’s time to consider outsourcing the management of your human resources. Whilst outsourcing doesn’t suit all businesses, for some it’s the best way to ensure that what is arguably their most valuable asset is well managed, freeing you up to concentrate on your core business and generate income.