What Is HR Outsourcing?

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What Is HR Outsourcing
Hi, this is Kelly with Bizhaven. And in this video, I'm going to be answering the question, what is HR outsourcing? Well, let's start with what is outsourcing? Outsourcing is contracting out jobs or services to a third party. So outsourcing HR is contracting another company to take over certain aspects of the human resources functions of your business. Some of these duties can include onboarding employees, handbook development, compliance, employee training, and terminations. Companies outsource HR for a variety of reasons. Maybe they only have ten employees, and it doesn't yet make sense to have someone in the human resources role 40 hours a week. Maybe the budget just doesn't allow for an internal HR director at this time. Perhaps they maybe do have an HR manager internally, but that person's newer to the role and it would benefit them to have a director-level person on speed dial. And lastly, it's simply cheaper. An internal HR director can be very expensive and usually outsourcing that role is about a third of the cost. If you've been considering utilizing an HR consulting firm but are a little unsure, please reach out to me via the contact info below and I'll be happy to help you. Thank you and take care. ---------------
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