As a small business owner, you’ve faced your fair share of challenges.
The financial strain, the marketing coordination, the hiring process, HR or a lack thereof, the workload, competitors…
Okay, you probably get it.
Due to limited resources and time, you, and many other small businesses, may lack an established HR team. This is where considering outsourcing HR could greatly benefit you and your employees, while taking all that weight off your shoulders!
What is Outsourcing HR?
Outsourcing HR is simply the practice of hiring external organisations and/or experts to manage a company’s Human Resources. HR can include hiring, payroll, and training and development, as well as the enforcement of business policies and legal compliance.
5 Key Benefits of Outsourcing HR
1. Cutting Costs
Delegating HR tasks to an external organisation reduces the need for an in-house HR department. This can save you money on the cost of hiring. In turn, it will leave more in your budget to spend on other important parts of maintaining the business – e.g., stock and inventory, or even ads to help you build up your brand presence online and offline.
2. Time Efficiency
Outsourcing certain tasks, like payroll and the hiring process, can allow you to focus your time on other business needs. You’ll have more time to focus on how to grow your business and strategise your next steps with your team. If you’re also craving that sweet relief of a work-life balance, having more time in general can help you unwind in the evenings, and allow you to take a breath. A clear head is better for making decisions!
3. Risk Reduction & Compliance
HR consultants are have expertise in managing risks related to employees, workplace health and safety, and overall legal compliance. This helps minimise the risk of penalties and potential legal action, which can follow you throughout your career if you miss a specific line in a contract, or accidently get stuck in a sticky situation.
4. Improved Employee Satisfaction
Outsourcing HR can enhance the employee experience through structured and tailored onboarding programs, long-term performance management, or even wellbeing programs that can make your employees feel more secure, and improve their productivity. A boost in productivity is great for your business, and if your employees are happy, the quality of their will be outstanding!
5. Scalability
As your business grows, outsourced HR experts can adapt to increasing demand, market changes, and ensure your needs are met at whatever stage suits you and your team. This also reduces the need to hire additional HR staff (saving time and money as we mentioned!), and decreases your risk of becoming overwhelmed and burnt out.
Final Thoughts
At the end of the day, being a small business owner gives you the freedom to work towards your dreams. There’s a reason you do what you do, and ultimately, it’s rewarding for you, your local community, and local industry. Outsourcing HR can reduce how much you have on your plate through relying on cost-effective, time-effective services to increase productivity. Make this year the year for your business!
How we can Help
If you’re now considering outsourcing HR to boost your business’s success, why not talk to an expert?
At People Associates, we believe every business is unique. Our Generalist HR Consulting services are designed to meet the specific needs of your business at any stage, while focusing on improving performance, ensuring legal compliance, and streamlining operations to fit your business model.
Want a free consultation? Fill out this form to get in touch today.
Follow us to stay in the HR loop! Instagram | LinkedIn | Facebook