What to Look for in an HR Outsourcing Company
Outsourcing is a great way for any business to save time and money while ensuring quality results. HR companies can be used for recruiting, benefits administration and other Human Resources tasks for a fraction of what it would cost your business to hire a full-time HR professional. Here are a few things to look for in an HR company:
Industry Specific Experience
Choose an HR company that has worked with businesses in your industry and businesses the same size as yours. The needs of small businesses and large companies can vary–to ensure you get the highest possible degree of service, choose a company based on recommendations or references from businesses similar to yours.
HR companies can handle taxes, benefits administration (such as health insurance) 401K plans, recruiting and many more services. It’s a good idea to make a list of the services you require and ask companies how they handle them. For example, if you’re looking for a company that specializes in recruiting, make sure all prospects you speak with are familiar with recruiting at the level you require–some companies specialize in finding executives, while others are pros at finding temp administrative workers.
Hiring an HR or payroll company will definitely save you money in the long run, but you should still select a company that is within your budget. Companies can bill per employee for services like paycheck processing, per candidate for recruiting services or use other billing structures. Get an idea of the cost of the services you need before you sign an agreement.
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