HUMAN RESOURCE MANAGEMENT


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HUMAN RESOURCE MANAGEMENT

H U M A N R E S O U R C E M A N A G E M E N T   R A H U L A G A R WA L HUMAN RESOURCE OUTSOURCING Companies these days, partially or wholly, are slowly getting into the practice of Human Resource outsourcing. The core HR policies of the company, also ensuring that the other key areas in the HR domain like talent acquisition, defining goals of employees and aligning them to achieve the same. HR Outsourcing Companies generally perform the following functions for their clients:- Payroll Outsourcing services Temporary staffing HR Counseling of employees OUTSOURCING COMPANIES Health care benefits of staff and employees Screening the background of candidates Managing the performance appraisal system, and much more. B E N E F I T S O F H R O U T S O U R C I N G   T W O M A I N R E A S O N S T H AT O R G A N I Z AT I O N S C H O O S E H R O U T S O U RC I N G   S E RV I C E S F U N C T I O N S T O A T H I R D PA RT Y F I R M C A L L E D H R C O N S U LT I N G F I R M S   A R E – C O S T- E F F E C T I V E S O LU T I O N S A N D S AV I N G O F T I M E . ADVANTAGES Even with an internal HR department in place, an external agency will help the firm with compliance related issues especially related to workers’ compensation, health benefits, and other such mandatory issues that deserve dedicated attention and prompt action. HR Outsourcing companies use their vast knowledge and experience to devise attractive employee retention and benefit packages that are designed keeping in mind the company’s long-term and short-term business goals. HR consulting firmshandle all relevant paperwork pertaining to government rules and regulations, not only for its client but also of the employees of the client company. Since the HR outsourcing companies work using the latest technology in the HR domain, the client is able to benefit from the automated fast system without having to make any substantial investment in infrastructure, manpower training and even maintenance related issues. FACTORS INFLUENCING HR The most important criteria for choosing the right HR firm for HR outsourcing servicesis the years of experience of the firm. It is essential to choose a partner who not only has the experience but also has a proven track record in the field. Next, it is essential to look at the rates that the firm is charging for its hr outsourcing services. The outsourced HR industry is a competitive industry and it is best to shortlist the top HR outsourcing companies and then select the final one based on their rate quotation. Most of the firms providing HR outsourcing services adopt flexible contracting options thereby providing the client with the leverage to adjust the services required as per the need of the hour. WHY IS IT REQUIRED? Big or small companies, start-ups or established brands, all companies hire external firms at some point in time for HR support services. Payroll outsourcing is generally a service that micro and small firms outsource as they have limited time and resources on their hand and this is one of the best ways to reduce their administrative workload. NEW TRENDS Facility for analyzing tax Cloud-based Login access to computations as payroll employees into outsourced outsourcing their companies systems with personalized integrate their accessibility on accounts to systems with mobile phones check their changes in records, taxation rules and regulations in the country T H A N K Y O U