Why Small Businesses Should Consider HR Outsourcing
Operating a small business can be overwhelming at times, especially without the necessary support. The rules and regulations that come with managing employees can take a great deal of time and effort to navigate. If you're a small business owner overwhelmed by administrative tasks, it could be time to consider human resources (HR) outsourcing.
HR outsourcing organizations, like SynchronyHR, provide services and tools related to human resources, payroll, risk management, employee benefits management, and more. Their goal is to help business owners and potential management teams eliminate administrative burdens.
Here are a few reasons why this service offering could be ideal for your small business.
Focus On the Things That Matter
From managing payroll and accounting in-house to complicated safety and onboarding processes, there is a lot of additional work that can distract and overwhelm a small business owner.
HR outsourcing organizations provide plenty of helpful resources, including a team of professionals that will oversee much of this administrative work. Rather than focusing on mountains of paperwork, small business owners can instead focus on sales, development, and growth.
Simplify the Hiring Process
Bringing in new employees for your enterprise can be intimidating. Not only do you need to understand how and where to post your jobs, but you also need to know how to craft job descriptions and compensation packages, conduct pre-employment screenings, and accurately review resume submissions.
A human resources partner can help your small business simplify the hiring process through professional advice and access to top-notch hiring tools. Not only can they assist with the above elements of the hiring process, but they can also improve your new employee onboarding and training.
Unless you have a background in HR, navigating employment law can be a challenge. However, thoroughly understanding labor laws and safety practices is essential in protecting your employees and business.
HR outsourcing for small businesses provides the resources needed to stay ahead of the latest local, state, and national laws and regulations. In addition, this increased expertise in workforce issues can decrease errors and, in return, help avoid costly penalties.
These HR services can also keep you and your employees protected through workers' compensation insurance, worksite safety inspections, and OSHA compliance assistance.
Decrease Potential Turnover
A high rate of turnover can be discouraging and frustrating for a small business owner. When an employee leaves, the extra work piles up, morale could decrease, and you need to think about the lengthy hiring process again.
By working with an HR professional, you can determine the potential reasons behind turnover. You could then make improvements in workplace culture, create new training, or effectively handle workplace conflicts.
To help reduce turnover and attract new employees, a human resources firm can also supply employees benefits, including health and wellness perks.
Lower HR-Related Costs
Administrative costs can grow with your business, but outsourcing these functions can minimize expenses. Those that outsource HR can often save on a multitude of business expenses, including administrative costs (around $450 lower per employee), employee benefits, and more.
HR outsourcing partners can also lead to cost savings related to hiring, onboarding, retention, and training are reduced.
Want to Know More About HR Outsourcing for Small Businesses?
Are you a small business owner, or business owner in general, who would like to know more about HR outsourcing?
SynchronyHR has helped many small businesses create efficiencies, reduce labor costs, minimize risk, increase productivity, and more.
Contact us today for more information. We are happy to help!