Assessing the Recession's Impact on Compensation Budgets and HR
Outsourcing provides business owners with expert support and guidance in all areas of human resource solutions - employee relations, payroll and taxes, health benefits administration, 401(k) administration, workplace safety, regulatory compliance, and much, much more.
What are the Key Process Areas in Human Resources?
The decision to consider a full outsource model depends on at least three factors:
1. The organizational strategy,
2. The organizational size, location and complexity;
3. The stage in the organizational life cycle (start-up--Level 1, growth--Level 2, maturity--Level 3 and decline--Level 4).
Level 1 organizations (0-2 years in life cycle) or Level 2 organizations (2-3 years in life cycle) that are limited by people and financial resources make excellent candidates for the a full outsourcing model. The full outsourcing model can provide savings of at least 45-55% a year versus having your own internal HR staff.
So What is the Cost/Benefit?
We know that prevention is the best medicine to manage the complexity of lawsuits and frivolous litigation in California. Also, a proper HR structure is the key to attracting and retaining quality employees in a tight labor market. HR, if approached as a strategy in terms of cost/benefit analysis, and maximizing shareholder wealth, can lead to significant profitability enhancements. Too often, HR is viewed as a necessary evil, "those compliance folks." This HR thinking is flawed. The new imperative is to have an outsource team that thinks like a business partner and is sensitive to the strategic and financial mission of the company. Profits provide the wonderful dollars to create programs to attract, retain and motivate employees with meaningful careers.
By outsourcing human resources to us, you get to devote your internal resources and capital funds to profit-driven activities, without sacrificing important new technology, training and development, employee relations, Fortune 500®- quality benefits, or more.
Disclaimer:
The information provided in this site is not legal advice, but general
information on legal issues commonly encountered. HRtoGo.com is not a law
firm and is not a substitute for an attorney. Your access to and use of this
site is subject to additional terms and conditions.
