Outsourcing is a tried-and-tested business model, and today, it’s making deep inroads into the HR space. We look at what HR and recruitment process outsourcing is and if it’s possible to offload the whole gamut of HR processes to third-party providers – allowing SMBs to modernize HR at a fraction of expected costs.

For most companies, particularly those gradually building scale and reach, administrative responsibilities can sometimes prove to be a difficult scenario. Managing human resources is one of those areas which are so critical but can often feel like a diversion from core functionalities, when you’re a small business and on the make.

In this regard, knowing more about what recruitment process outsourcing is and how successfully ‘offshoring’ HR functions can have a major impact on reducing administrative workloads, freeing up time and efforts. If you haven’t already considered exploring outsourcing, you’d be amazed at the tasks that can be offloaded.

  1. Cost Management

Remember, adopting and embracing HR outsourcing, implies you’re investing in a specialized service and not for the salaries or benefits of full-time HR employees. It also means you’re cutting back on expensive equipment and other resources, like supplies and computers. Further, a fixed rate will help you budget your expenses and plan the way forward more intelligently.

  1. Core Convergence

Often, some of the tasks outsourced, are employee assistance, temp staffing, and counseling. In other words, you’re essentially outsourcing any role that’s not integral to your product or service. What this means, is that you hire a set of specialists, so that HR practices are quality-certified, even as you let your team work on everything that’s mission critical.

  1. Risk Management

Of course, once you dig your heels into research and market evaluation, it’s clear that outsourcing has its own downsides. One among them is the tendency for deep dependence on the service provider. However, Marquez Consulting Inc., can help small businesses maneuver their way through a complex legal and compliance environment, where any miss or error could be damaging.

  1. Task and Project Management

What does an HR team actually do on a day-on-day basis? There’s a wide variety of long and short-term action points that an HR division must implement every day. A carefully created outsourcing plan can help you take a systematic approach, where specific functions are outsourced to vendors who lead in their area of expertise.

The market today is brimming over with a plethora of vendors offering innovative services, at various price points. Whether you’re an SMB or an enterprise organization that is looking to contain costs and reduce overheads, HR outsourcing can turn out to be very advantageous.