Introduction

Are you a business owner struggling to work on your in-house human resource (HR) functions? Perhaps you need help with the never-ending tasks of finding top talent, managing employee benefits, and processing payroll. Or maybe you are concerned about staying compliant with local regulations.

Fortunately, you can take the burden off your shoulders when you outsource human resources from Q2 HR Solutions. We ensure that you get unparalleled support, so you can focus more on growing your business and achieving your goals.

In this blog post, we share a quick overview of human resources and which functions are best outsourced from reputable companies.

 

The Role of Human Resources 

In a nutshell, human resources handle the entire employee life cycle. This department is responsible for finding and hiring new team members, helping them get settled in their roles with proper training, and letting them go if necessary. More importantly, it ensures employees are getting the right compensation and benefits.

The best HR outsourcing companies do more than administrative tasks. It helps employees thrive and protects their well-being. It supports their needs in the following ways:

• Career Growth – Nobody likes feeling stuck in their job, so keeping the best talent motivated in the long run is essential. HR can provide career paths for your employees, so they can keep growing within your company.

• Health and Wellness - Remember that your employees are human, and you must ensure they have support when needed. HR can help them navigate different situations that life throws their way, such as health issues or pregnancies.

• Training and Supporting Managers - Being a manager does not come naturally. Developing the skills needed to succeed in the role takes time and effort. HR can coach managers to lead their teams in the best way possible. 

 

Why Outsourcing HR Functions Is Beneficial 

Working with human resource outsourcing companies like Q2 HR Solutions might be the solution to help your business thrive. Here are ways you can benefit from it:

•  Stay Compliant – Every company has to follow specific laws and regulations, especially in industries like finance and medicine. Otherwise, it could result in costly penalties or harm your business' reputation. When you outsource human resources, you can have peace of mind knowing your company stays compliant.

• Focus on What You Do Best – Devote more time and energy to your core business operations by outsourcing HR functions. And the best part? You can rest assured that HR is handled correctly and efficiently.

• Reduce Costs – If you outsource, you can cut costs while staying focused on your core business and client-facing duties. You can save around 30% compared to handling your HR functions in-house. 

• Better Access to Technology – When you partner with human resource outsourcing companies, you can take advantage of the latest technology and HR best practices without worrying about the constant industry changes. You can depend on the expertise of your HR specialist, who will have the most up-to-date knowledge and tools to handle your needs efficiently and effectively.

Common Outsourced Human Resources Functions 

Taking care of employees ensures they are happy and motivated to carry out their day-to-day tasks efficiently. However, not all companies are capable of handling employee management in-house. That is why many business owners opt to outsource HR functions. The different types of HR outsourcing include:

 

HR Consulting 

An outsourced HR team can do just that if you need guidance on several aspects of HR, like employee benefits and compensation and laws and regulations. They can also tailor solutions and strategies that suit your business' industry and goals, making sure you are headed toward success.

 

Benefits Administration 

HR outsourcing companies can respond to employee inquiries and concerns and assist you with managing employee benefits. They can review and create a benefits package that meets your employees' needs. Additionally, they can help you find cost-effective options that suit your budget and keep track of benefit history and eligibility.

 

Recruiting and Hiring 

You can save a lot of time when you outsource human resources for recruitment and hiring. HR specialists can help you create job descriptions, post open roles on job boards, review resumes, and interview applicants. On top of that, they help you streamline onboarding by conducting new employee orientation and setting up payroll.

 

Performance Management 

Performance management can be overwhelming for many businesses. It is time-consuming and often not uplifting. However, you can conduct regular and constructive employee feedback and improve morale with the right systems. An outsourced HR team can craft a performance appraisal system, manage performance issues, and maintain employee records.

 

Payroll Administration 

It is easy to make payroll mistakes that can cost your company big time, from tax penalties to lawsuits. The risk is not worth it, so it is more practical to leave this task to the best HR outsourcing companies. They can handle payroll calculations, taxes, direct deposits, and check distributions. They also utilize the latest technology to process payroll more efficiently, so you can expect faster processing times. This ensures you meet filing deadlines and deposit requirements. 

 

Policy Development and Enforcement 

Having clear HR policies is crucial for any business for structure and consistency. It ensures that you know your obligations and your employee's expectations. However, creating and enforcing these policies can be challenging and complicated, especially if your company has remote employees across the country or around the globe. You can outsource human resources to do this for you.

 

Conclusion 

It can be daunting to manage HR functions, especially if you are a fast-growing company. When you hire human resource outsourcing companies, you can spend your time and energy paying attention to what you do best—reaching your business goals and keeping your customers happy.

Plus, with the support of the best HR outsourcing companies like Q2 HR Solutions, you can trust that your employees are getting the best care and attention. Get in touch with us to learn more about our services!