Global CEOs stated that Business Model Innovation has the greatest impact on operating margin growth than product and service innovation!
HR Outsourcing or sometimes called Professional Employer Organizations (PEOs) is basically the allotment of specific HR activities to a more specialized third-party service provider
Done in order for business owners to stay en route to their more important goal of growing their business and cutting down costs.
There are many circumstances in which outsourcing HR services can deliver tangible benefits to the organization, for example by freeing HR professionals to devote more time to a strategic role in supporting organizational performance.
You can read more about PEO companies here.
Why Outsource HR?
According to a study by The Society Of Human Resource Management (SHRM), over half of all HR professionals have taken advantage of outsourced HR. The top two reasons for outsourcing are the benefits of cost and time efficiencies. These efficiencies are really the opportunity costs of business owners and managers, who lose time and money focusing on HR tasks when these resources can be spent on what must be done to grow their business. That is, the time and money devoted to employee management are better spent by outsourcing HR so that businesses can be devoted to core business functions. Other reasons cited by SHRM include improved compliance, a wider range of offered services, and more experience in the HR field.
Here is a brief list of our HRO or PEO services that we provide:
- Source, screen, and assess candidates
- Interview, joint selection of candidates with client
- On-boarding briefing and orientation
- Payroll, EPF/Socso statutory /Income tax payment
- Claims/OT/Expense Administration & payment
- Employee Welfare and Retention Programs (including Rewards and Recognition)
- Personnel record management
- Disciplinary actions
– Exit Interview
– Administer resignation and termination process
Some value-added activities that we also provide include:
- Employee Welfare and Retention Programs (including Rewards and Recognition)
- Staff engagement/communication
- Coaching / counselling
- HR Information Analytics and Reporting (Sample Report provided in this proposal)
- Implementing an Effective staff retention strategy using 2 tier salary payment structure
- Service Level Agreement (SLA)
- Conversion (hit) rate for candidates dispatched to clients for interviews
- Fill Rate for Headcount requirement
- Employee Satisfaction Score
- Timely and accurate payroll, claims/OT/Expenses processing
- A collaborative managed process for timely handling of disciplinary issues