Whether dealing with HR system functions like benefits, payroll, and recruiting, or reviewing other HR business processes, outsourcing is an option for many companies. Running the gamut from single-source solutions to comprehensive suites that consist of multiple business processes, outsourcing is a business strategy to lower costs, increase productivity, and focus on transformation versus transactions. Here we examine the lessons learned, best practices, and research regarding talent acquisition, benefits administration, payroll processing, BPO, and Professional Employer Organizations (PEOs).
HR Outsourcing Solutions
Companies turn to Business Process Outsourcing (BPO) as a way of handling nearly every "core" HR function from payroll and benefits to time and attendance. As BPO adoption increases, organizations are also looking at options for outsourcing more strategic talent management functions (like recruitment and analytics), all the way up to leveraging comprehensive outsourcing suites.
TriNet is one of the largest Professional Employer Organizations (PEOs) in the U.S. and has a 5,000-strong client base accessing a full range of HR services, from payroll to performance management. Here, we take a brief look at some of the particulars of the TriNet HR outsourcing solution to see if the company's 25 year tenure adds up to the being the right solution for you.
Though outsourcing options have been leveraged by organizations for 30+ years, mounting economic pressures and new technology are contributing to an exponentially growing interest in HR outsourcing options. Yet, questions about this HR delivery model still remain present. Here's our list of the top 6 questions, answered by our HR experts.
Payroll outsourcing is a potential budget-saving strategy for any organization. Add to this the fact that payroll is often viewed as a fairly mechanical process and it's not surprising that outsourcing is a popular option. However, cost isn't the only factor to consider. This payroll software report contains 6 key points for every organization to consider for any payroll outsourcing decision.
With the economy mending at a snail's pace, few organizational processes are being spared scrutiny for their ability to be outsourced. HR's "core" functions of benefits, payroll, and talent acquisition are no different. Organizations need to look at all facets of HR outsourcing to get the best picture of how to handle transactional processes in a transformational age. Here is your official guide to HR outsourcing.
HR shared-service solutions have the capability of improving service levels, reducing administrative headcount, and driving overall costs down. Unfortunately, far too many companies let these well-known benefits blind them to easily avoidable mistakes. Find out how to identify and mitigate common mistakes and keep your organization safe.
Outsourcing payroll has largely been driven by the cost savings argument with 85% of organizations citing this as their reason for adoption. Recent research from PricewaterhouseCoopers notes what specific cost reductions can be realized and why; comparing the outsourced model's payback to in-house on-premise and SaaS model deployments.
The landscape of Comprehensive HR BPO (Business Processing Outsourcing) has changed. Not solely focused on cost reductions anymore, organizations now are searching for outsourcing providers that can be flexible, dynamic and scalable. Here, we review the market, considerations, and viable vendors of the comprehensive HR BPO movement.