As an entrepreneur or small business owner, you’ll spend most of your time on the business itself. This includes planning for the future, focusing on strategy, increasing sales, acquiring new clients, and potentially raising funds. In all of this rush, it’s not uncommon for business owners to ignore the requirements of their workforce. As a business owner, if you have employees then not only do you have a duty to ensure your team gets a workable environment, but also an understanding that your business will not survive without top talents staying in your company.
Most small business owners are unable to identify the cause(s) for their high turnover. Therefore, it is of paramount importance to manage your employees effectively. This will definitely only save you time and money in the long run. Additionally, and crucially, it will allow your business to grow faster than you can pull off alone.
If this sounds like a problem you might be going through, have a look at some of the benefits of outsourcing your HR:
Benefits of Outsourced HR
Reduced Costs
Avoid the overhead expenses of maintaining your in-house HR department. A monthly retainership fee that you will pay an outsourced HR firm or agency will be far more economical. Therefore, this also results in a high Return on Investment (ROI) for your business.
Attract and retain top talent
Scouting, hiring and retaining the top talent in the industry is not an easy task. It can be difficult to attract top talent to your organisation. Additionally, retaining them for a long period and maintaining low attrition rates can make or break the future of a company. Let your outsourced HR Consultant handle a task as daunting as this, so that you can focus on growing the business itself.
Scale your HR functionality with ease
Ensure that you can easily adjust the requirement of your services depending on the ups-and-downs of your business. Not having to deal with the burden of additional headcount is an important benefit of outsourced HR.
All-round expertise to HR issues
An HR Business Partner from an outsourced HR firm will have experience working with a variety of companies from various industries. Therefore, they have an exposure to a wider range of HR issues, and thus capable of delivering the best cost-effective & time-effective solution.
Comparatively, an in-house HR will only have the experience of working in certain company-specific issues. This experience may not be suitable to tackle the challenges of your industry in particular.
Additional Support & Reassurance
An outsourced HR consultant can provide you with an unbiased perspective of the steps to be taken for your business. Since they are not bound by internal vested interests, they can work with integrity and in the best interests of your business.
If you’re looking for the best service of outsourced HR Consultants, look no further than Kranium HR Services. Having Kranium as your HR Business Partner brings you the following benefits:-
- 19 Years of Experience: Our deep understanding of the HR landscape enables us to provide effective solutions.
- Unparalleled Expertise: Our team of HR professionals possesses the knowledge and skills to address complex HR challenges.
- Cutting-Edge Technology: We leverage advanced HR technology from our partners like GreytHR, sumHR, Credily, etc. Hence, this helps in streamlining processes and deliver efficient services.
- Scalability: Our solutions can adapt to your business’s growth and changing needs.
- Modularity: Choose only those services that are best suited to your business requirements from our comprehensive portfolio. You can always add or discontinue certain services based on the circumstances of your business.
Here’s a comparison of Outsourced HR vs. your internal HR:
Internal HR | Outsourced HR (Kranium) |
---|---|
❌ Requires time to start being productive | ✅ Starts being productive from Day 1 |
❌ Expertise in Silos | ✅ All-round Expertise |
❌ Not Exposed To Relevant HR Tools. | ✅Tech Tools are an integral part of HR delivery |
❌ Adds to the employee head count. | ✅Does not add to the employee headcount |
❌ Cannot scale easily as per requirements | ✅Easily Scalable as per requirements |
❌ May have vested interests & partake in office politics | ✅Transparent, no vested interests, above-office politics |
❌ Departure of an HR employee causes gaps | ✅Kranium ensures process / knowledge continuity |
❌ Low Return on Investment (ROI) | ✅High Return on Investment (ROI) |
Contact us today to learn more about how we can help you achieve your HR goals.