HR Services
Human Resource Outsourcing is a process in which a company utilizes the services of the third party to take care of its HR functions.
Human resource outsourcing is a strategic HR initiative.
It helps organizations to focus on internal resources towards doing what they do best and simultaneously helps to control the bottom lines. People are the most important asset of an organization. Leading companies around the world are taking more strategic approaches to managing their human resources.
They are outsourcing day to day human resource functions so as to focus on strategic HR issues that impact corporate and shareholder value. For several reasons, including cost savings and the freeing of human resource professionals to focus on more strategic efforts, HR functions are among the services organizations are most likely to choose to outsource. As a result, HR professionals are being asked to identify.
Recruitment and selection, payroll and compensation management, staff training, employee benefits and service,
job evaluation are examples of such functions. Increasingly many large firms are getting their HR activities
done by outside suppliers and contractors. Employee hiring, training and development and maintenance of statutory records are the usual functions of contracted out to outsiders. HR outsourcing is a contractual agreement between an employer and an external third-party provider whereby the employer transfers the management of.
and responsibility for, certain HR functions to the external provider. Many types of HR outsourcing options are available to employers. The options can be as specific as outsourcing one particular aspect of one HR function Such as:outsourcing solutions for businesses and guide organizations through vendor selection .