Let’s see when to change your tack and collaborate with an HR services provider to bring on a stress-free workforce.
“Your people are your most important assets”. It’s kind of an old saying, but it’s still true. No business can succeed without committed, dedicated, and qualified employees. Yet workforce management is a real hassle, whether you’re in SMEs or large corporates.
Back in the day, people keep everything in-house. But now, you have more choices with the emergence of HR service providers. The question is, how can you tell if it’s time to outsource your HR functions?
Here are 4 obvious signs indicating that you should look for an HR services vendor:
Your business is booming
Expanding in the post-COVID-19 world seems to be a pipe dream. But the truth is, some businesses are thriving and looking for more staff, especially in technology, chemical, healthcare, agriculture, and industrial product lines sectors. Sure, it’s good news, but it’s also a can of worms.
Hiring rapidly brings on HR headaches. At first, your in-house team will struggle to swiftly adjust to the rush for talents. Then they’ll get lost in the sea of documents, paperwork, and additional payrolls for the new hires. Onboarding and training also burn daylight. Not only carrying on lots of works, but they must also dot the i's, cross the t’s, and ensure everything complies.
Sounds too complex? Simply let an HR service provider step in. They’re experts in lifting these huge burdens.
You’re struggling to retain talents
Never been concerned about your retention rate? Now it’s time to work on it!
Why? Because the cost of a replacement can be up to 33% of the staff’s annual salary. So you’re hurting your bottom line if you let people continuously come and go.
Retaining isn’t just about offering competitive compensation packages. Our Career Choices & the Motivations Survey revealed that most people quit due to non-financial deal-breakers. The causes could be a lack of career development or cultural differences. Each workplace faces unique issues that will take herculean efforts to investigate, tackle, and improve.
If this isn’t your proficiency, consider support from HR outsourcing services. The right partner always willing to dig deep and advise on the best-fit employee retention strategy. After all, two heads are better than one.
You can’t afford full-time staff
FYI, the HR-to-employee ratio is 2.57 for all organizations, claimed by an SHRM research with over 2,000 organizations. In case you didn’t know yet, that’s the average number of full-time HR employees needed to support 100 employees.
Now think about the operational expenses for your in-house HR team. Hiring and training costs, salary, insurances, additional benefits, facilities, software for their works, not to speak of the turnover cost. The numbers keep adding up over time and the size of your team.
So, if you’re trying to tighten your belt and save money for other profit-generating activities, it would be better to outsource.
You can’t focus on your core business
We all realize that the new normal truly puts the squeeze on every business owners. Striving to bounce back? Then probably you’re spending most of your time and energy on what you do best – boost your bottom line.
Now, as you already had a never-ending to-do list, do you want to handle extra time-consuming HR problems? That is, study why people keep leaving, prepare documents for payroll audits, or build brand new hiring strategies to attract top talents.
If you just shake your head, it’s a sign that you should look for an HR services vendor. They will proceed, find solutions, and solve your HR problems. Then all you need to do is making the final decisions. Imagine how much time you can save!
What if you didn't find yourself here?
Don’t bear with any apparent signs above, but already tired of constantly running into HR troubles? You’re probably hesitating with the thought of outsourcing. We know it’s a tough decision. It’s a leap in workforce management. And for those who have never been teamed up with HR services provider before, the first steps are confusing.
To make things easier, just see what benefits you will get from this new tack. Or simply fill in the form below and let us know your needs. Our teams will get back promptly to consult on the best-fit services for your workforce!