What is “Human Resources as a Service” and How Can it Help Your Business?
Today’s HR departments are stretched thin trying to keep up with company and employee demands while staying within ever-shrinking budgets. So, more and more business leaders are turning to companies that provide Human Resources as a Service to outsource some portion of their internal HR functions. An HR as a Service company helps fill the gaps and provides support for internal Human Resource Professionals at a fraction of the cost of increasing the size the internal HR team.
HR as a Service companies will employ HR Generalists with broad expertise across the HR spectrum. But the best Human Resource as a Service firms will employ HR Specialists AND HR Generalists. What’s more they will have the back-office infrastructure to support more tactical HR functions like managing payroll, talent acquisition, HCM software administration and benefits. Such a combination gives HR Departments the depth and breadth of knowledge necessary to keep up. And it provides the resources to help turn HR into a profit center!
Upcoming Live Webinar:Outsourcing HR Functions to Drive Business Results
Date: October 29
How Can a Human Resources as a Service Company Help
Compliance, Risk, Safety, Payroll, Benefits, Employee Relations, Leadership and Organizational Development all fall under “HR”. And no one person has all that knowledge or capacity. A company would need to hire 4 to 6 certified professionals, more if the company operates in multiple states, to handle it all. And with Average HR Professional salaries ranging from $53,000 – $155,000 per year a full “HR Department” quickly gets out of reach. Most companies simply cannot afford to deploy the resources necessary to build out a full Human Resource Department.
Because Human Resources as a Service firms bring so much experience, companies get the best of both worlds. They bolster their internal HR Department at a fraction of the cost of staffing and managing one on their own.
Choosing a Managed Human Resources Firm
Choosing a Managed Human Resources firm to support your business does not have to be difficult. First, asses your current situation. Think about things like employee turnover and productivity. Where are you in great shape? What HR Projects never seem to get off the ground? What technology are you using to manage your HR? Where do you need the most help? Are you sure you’re in compliance with all the Federal and State Laws?
Now, you can look for a firm with the experience to understand your company’s goals and can articulate a plan to support them. The firm you choose should be able to support your initiatives, provide transparency into the work they are doing for you and be able to communicate the return you are getting on your investment.
About PuzzleHR
At PuzzleHR, we know how difficult solving the Human Resource puzzle can be. We have hundreds of years of Human Resources experience. Our service model is designed to drive business results, maximize return on investment and provide the ultimate in transparency. We would love the opportunity to find out about your business and show you how we help businesses put the pieces of the puzzle together.
