47% of businesses expect to hire more employees in the next five years. Do you?
If so, you understand the struggles of the hiring process, managing teams, and finding the right employees for your company.
The human resources department of your business is responsible for hiring and managing new employees. Updating employment records, handling conflicts between workers, and creating standards for them to follow are other regular tasks.
It’s often said that hiring and managing people is the most difficult part of running a company. At this point you’re no longer dealing with software, tools, and strategies, but real people.
That’s why we’re going to be showing the benefits of outsourcing human resources below.
Let’s dive right in.
A great example of how outsourcing HR administration can be beneficial is OperationsInc and one of their tech startup clients.
They struggled with finding talented staff, the hiring process, and setting HR goals. OperationsInc helped them create better job descriptions, HR policies, company salary benchmarking and standards, and proper candidate profiling.
This resulted in 40 new employees, a streamlined hiring pipeline, and an HR system that supported this growth.
Furthermore, you can look forward to other benefits, such as:
Better employee satisfaction
An employee that is happier at work produces better results and works more efficiently. They will also be better leaders and work well with other employees.
In fact, highly engaged teams can produce up to 21% more profit for a company. When employees are given the tools, resources, and support for being successful at work, turnover decreases, as well.
Less conflicts between employees
Disengaged employees due to poor HR management and processes can cause a lot of harm to a business. They become a source of problems for other employees, holding them back and reducing team morale.
Outsourcing human resources can solve this easily, however. Experienced firms like LTD Global can integrate procedures to find the best team players, while also implementing ways to increase employee satisfaction.
Improved HR management process
A proper HR system provides peace of mind to owners, management and employees. Documented policies provide clarity on hiring, retention and termination practices. At the same time, this helps ensure that the company is complying with labor laws. Written policies and proper forms/documents help guide employees on company expectations and also help ensure that employees are aware of benefits that can entice them to stay with the company. Unfortunately, some companies don’t have thorough steps in place to achieve this. Are you one of them?
Human resource firms will create streamlined workflows, HR procedures, and systems to solve this problem. The end result is higher employee productivity and satisfaction.
Final thoughts
Managing human resources, yourself can be a huge headache. If you’re not well educated and experienced in these fields, you may make plenty of mistakes along the way.
Outsourcing HR leads to better systems, improved employee satisfaction, compliance and a smoother hiring process.
If you’re interested in reaping these benefits, outsource your HR to LTD Global, as we are experienced in helping businesses with HR consulting, administration, and setting up human resources systems.