Is it time for you to consider outsourcing your HR function? Outsourcing HR is increasingly popular so you wouldn’t be alone in doing so.
A study by Deloitte has found that more than 80% of the world’s companies outsource at least one HR activity.
And there’s a good reason why they have decided to do that. An industry survey by the Society for Human Resource Management reports that outsourcing HR functions results in cost reductions of up to 40%!
Meanwhile, a case study of a global tech firm from McKinsey & Company reports that the company saw a 30% increase in employee engagement. And it also saw a 20% boost in productivity after their HR operations were outsourced to a company that offered AI-driven analytics!
Why outsourcing your HR function makes sense
Outsourcing your HR function can be a strategic move, especially if you’re looking to streamline operations, reduce costs, or focus more on core business areas.
Here are some solid reasons why you might consider it and why Shrewd HR are your perfect solution:
1. Cost Efficiency
Hiring, training, and maintaining an internal HR team can be expensive. Outsourcing will reduce overhead costs related to salaries, benefits, office space, and software.
2. Expertise & Compliance
With Shrewd HR you have access to a team of specialists, and you will benefit from having access to a broad range of expertise whenever you need it. We believe that as a business you require continuity which is why you will have one point of contact but just know there is a team of experts that sit behind that person if and whenever you need them.
We’ll ensure you stay compliant, reducing your risks and preventing costly mistakes. We’ll be embedded within your business, protecting you and your business but by treating your people right. Your team can come direct to us for advice and support, or we can be there to support just you and your leadership team.
3. Scalability & Flexibility
As your business grows or your head count reduces, we can scale our services up or down accordingly, without you needing to hire or let go of staff.
Shrewd HR support businesses of all sizes, from start-ups with 1 employee through to businesses of 100+ employees. We have the resources available to support you and your business regardless of the stage of your business journey and you only pay for the service and time you need.
4. Focus on Core Business
Outsourcing functions like HR lets you and your leadership team focus more on strategy, growth, and customer experience.
5. Access to Better Tools
Shrewd HR have access to a range of additional services including HR software, occupational health, private investigating, drug and alcohol testing, and health & safety.
6. Access to Advanced Technology
Shrewd HR utilises the latest HR technology solutions to automate and optimise HR processes. This not only increases efficiency but also provides your business with valuable insights through data analytics. These technological advances help you make informed decisions that drive organisational success.
7. Improved Employee Experience
A well-managed HR function contributes to a positive work environment. At Shrewd HR we focus on the employee experience, from onboarding to performance management, we streamline processes using the latest technology to ensure employee’s feel valued and supported.
8. Reduced Risk
Employment legislation is constantly changing and with some major changes coming down the road, we will keep you one step ahead all the way with our team of specialists.
Reducing your exposure
Outsourcing your HR reduces your exposure to legal and compliance risks by putting that responsibility in expert hands.
In summary, outsourcing your HR functions to Shrewd HR offers numerous benefits that can transform the way your business operates. From reducing costs and managing risks to enhancing the employee experience and leveraging cutting edge technology, Shrewd HR provides comprehensive solutions that support your company’s growth and success.