Did you know that most small business owners spend one workday a week (or more) on HR tasks?
If you’re constantly buried with back-office paperwork, you’re not alone. Like many savvy business owners, you may even be wondering how to outsource your HR department.
Is it time to outsource human resources for your company? Here are five compelling reasons to consider it.
1. You’ll Save Time
Imagine if you didn’t have to slave away in the office doing payroll, taxes, and other mind-numbing paperwork. What would you do with 10 extra hours in the workweek?
Chances are, you’d devote it to what matters most — running your business.
When you outsource HR, you’ll have more time to focus on the core aspects of your business. Your employees will also be free to focus on their individual jobs and taking care of customers.
2. You’ll Save Money
The average human resources manager earns about $80,000 a year — plus benefits. It also costs over $5,000 to find, hire, and train one new employee.
Imagine if you didn’t have to pay an internal HR manager or even have an internal HR team. Think too of the money you’d save knowing you were hiring only the best employees from the start.
When you outsource human resources to a professional organization, this is exactly what you’ll get.
Still not convinced? You can go here now to see what other business owners have to say about the benefits of outsourcing HR.
3. You’ll Mitigate Legal Risks
Every industry has a laundry list of laws to keep track of. From OSHA guidelines to HIPAA requirements, it’s exhausting to keep track of every rule and regulation that relates to your business.
If you don’t, though, you could get hit with fines or violations for noncompliance.
This brings us to another benefit of outsourcing HR: reduced legal risks. They’ll keep track of the latest legislation that affects your business and ensure you’re in full compliance.
4. You’ll Offer Better Benefits
Do you find it a challenge to attract the top talent to your small business? Let’s face it: It’s tough to compete with larger corporations that offer better benefits packages.
You can say goodbye to this concern, too. Outsourcing HR gives you access to affordable benefits options you can’t acquire on your own.
From medical and dental benefits to retirement and savings plans, you can finally give your employees the benefits they deserve.
5. You’ll Have Happier Staff
It may sound counterintuitive to say that outsourcing HR results in happier employees, but it’s the truth.
They’ll have a smooth onboarding experience and access to professional training. They’ll enjoy terrific “big business” benefits, no matter how small your company may be. And if they ever have problems with taxes or a worker’s comp claim, they’ll be able to turn to an HR professional for help.
It’s a win-win for everyone involved.
Is It Time to Outsource Human Resources?
As you grow your small business, you may reach a point where you need more help with human resources.
Why form an internal HR department when you can outsource human resources to a professional organization? They’re there to provide help for small business owners like you!
Now that you have some compelling reasons to outsource HR, what’s next? Keep browsing our site for more informative articles like this one.