Behind every successful business are the people who make it run. From company founders who dream big to the frontline employees who interact with customers on a daily basis, each person plays a vital role. As businesses grow and add employees, managing the people parts of a business naturally require more time and attention.
So, how do busy business owners know when it’s time to bring in additional support to manage their human resources? Even though every company is different, here are seven signs that outsourcing some or all of your HR functions would make good business sense.
1. There aren’t enough hours in the day.
Of course, business leaders and entrepreneurs have demanding schedules. But, when HR tasks – hiring, training, compliance, benefits, and payroll – are taking too much focus away from strategic business needs, leaders need to reassess their options. Often, the best way to optimize your time – and your company’s resources – is to outsource HR tasks and put your energy into revenue-generating functions.
2. You don’t know what you don’t know.
If you and your team are taking on HR tasks “on the side,” chances are you’re not keeping up with the latest trends and regulations. While this approach can work on a temporary basis, tapping into HR experts is essential for your company’s long-term success. From recruiting through benefits, experience matters when it comes to human resources management.
3. It’s tough to find – and hire – high-quality talent.
There’s nothing more frustrating than an open position sitting unfilled because you haven’t found someone with the right skills and experience. What you need is a dedicated recruiting expert who can focus on creating compelling job descriptions, reaching out to find both active and passive candidates, and screening applicants so that you’re meeting with the best of the best.
4. You’re dealing with high turnover.
Ideally, employees join your company, gain an opportunity to contribute, and become long-term loyal team members. If you’re seeing high turnover rates across the board or for certain positions, it’s essential to figure out why. Are your onboarding processes and job-training practices meeting employee needs? Does your company culture work for the company – and your employees? Outsourced HR experts can help you identify and address the root causes of turnover and improve employee satisfaction and retention.
5. Compliance and liability concerns keep you up at night.
Keeping up with changes in state and federal regulations is critical for your company’s success. When you outsource your HR, you gain access to specialized experts in employment law who can provide the updates and guidance you need to make decisions with confidence.
6. Your HR manager needs extra help.
The good news is your company is growing. The challenge is whether it makes sense to build an in-house HR team to keep up. One solution is to supplement your company’s HR team with specialized outsourced support, such as recruiting or employee relations guidance. Outsourcing your HR can also be an interim solution as you seek to hire or replace a key member of your in-house team.
7. You’re looking for ways to streamline costs and increase efficiencies.
Every dollar counts – whether your company has 10 employees or 1,000. Choosing to outsource some or all of your HR functions can be good for your bottom line. Instead of maintaining a full-time team, you can access the expert support you need without paying for what you don’t.
As your HR needs change, HR-Rethought can take the work off your plate, end-to-end or by the project, with customized support to fit your company’s needs and budget. Best of all, you’ll work with a single HR-Rethought expert who is dedicated to your company and backed by a team of specialists in recruiting, employee relations, compliance, payroll, compensation benchmarking, employment law, and more.
If you’re considering outsourcing your HR, let’s chat about how HR-Rethought can work for your business. Contact us today.