A company’s employees are undoubtedly one of its most valuable assets. Hence it is critical that you take proper care of the individuals you rely on to perform your daily business duties.
However, when it comes to HR, there is no “one-size-fits-all” solution. There are different needs and goals for every business. Towards this, it is often necessary for businesses to hire a seasoned HR professional who can oversee various specialised tasks. Among them are the preparation of contracts, letters, tricky meetings with employees, payroll, and other employment-related administrative tasks.
You can definitely find qualified and suitable candidates through an HRM recruitment agency or a talent acquisition recruitment agency. Nevertheless, this can be difficult in a talent war.
It may be a wise idea to outsource HR functions for this purpose.
Here are three reasons why your organisation should consider outsourcing HR:
Mitigate Risks:
All businesses are subject to rules and regulations. There are, however, specific rules and regulations that apply only to certain industries, such as finance and healthcare, and serious consequences can result from disobedience. Businesses, especially those just getting started, require HR professionals who understand procedures and laws thoroughly.
Outsourcing your HR functions may reduce the risk of your company being exposed to legal repercussions related to HR processes and employment laws, thus complying with HR laws and regulatory compliance more effectively.
Time and cost savings:
Having your HR procedures managed properly will allow you to concentrate on your main operations and customer duties. Additionally, you will be able to focus on achieving your strategic business goals by streamlining vital functions and driving more efficient employee performance.
Driving a Happier Culture:
Employee retention rates and a healthy work environment can be achieved with the aid of an HR outsourcing provider which can ensure that HR-related problems can be mitigated from other aspects of the business. This allows you to focus on building a strong culture and bringing a positive impact to the employees.
When your employees feel taken care of, you can maintain your finest talent and even experience lower turnover. In fact, Research by Oxford University’s Saïd Business School shows that employees are found to be 13% more productive when they’re happy!
Despite having HR specialists in-house, some businesses may find it beneficial to outsource some HR-related tasks because of it being a rigorous, complex, and specialised field. For example, in times of expansion, you may need additional hands to assist with hiring; you may also want an objective viewpoint when investigating an employee.
Overall, there are no comparisons when it comes to the benefits that come with cost-savings, access to the latest perks and technology, and peace of mind that all HR operations are carried out in compliance with all applicable laws.
Aisling Consulting, a homegrown talent recruitment agency, provides HR outsourcing in Malaysia, focusing on consulting and supporting areas such as compliance with employment laws, employer branding, technology-based human resources programmes and administration, among others – thanks to our list of HR experts with a wide range of experience!
Contact us at enquiry@aislingconsulting.com to find out more about our HR outsourcing services.
