Shreeramjoshi2007
Admin Manager
Viha_pandya
Hr Manager

Thread Started by #shreeramjoshi2007

HR outsourcing is the hottest in the industry and is an emerging trend in the Indian market. Most of the branded organizations are outsourcing their requirements to outside firms. It is a big business & almost two thirds of the companies studied for HR outsourcing had adapted to the same.

HR outsourcing involves necessary administrative tasks such as payroll, benefits, education/training, recruiting personnel, administration, to realize economies of scale and achieve standardization of services. The changing business trends, market position and global competitive pressure have led companies to spend more time focusing on their core business.

The companies have now realized that they cannot be best in everything so the good companies have decided to go for the thing they are best at and outsource everything else i.e., focus on their core competency, and let someone else do the rest in a more efficient and cost-effective manner.

The number of companies outsourcing HR activities continues to rise, and the scope of outsourced HR activities continues to expand. HR outsourcing can happen in HR functions, like payroll administration (producing checks, handling taxes, dealing with sick-time and vacations), employee benefits (Health, Medical, Life insurance, Cafeteria, etc), human resource management (hiring and firing, background interviews, exit interviews and wage reviews), risk management, etc. Outsourcing has become a common response to manage people and technology resources strategically, enhance services, and manage costs more effectively.

HR outsourcing generates additional capital by transferring assets to the providers. HR outsourcing brings about revenue driven modification in an organization helping it to gain market access & business opportunities via the providers network. HR outsourcing hits the provider capacity, process & systems and fastens development. It expands the production and sales of a business at times of financial crunches. It exploits the existing skills of an organization commercially to derive benefits from same.

Being highly beneficial, HR outsourcing is gaining in scope and is expected to rise to much higher levels, in the coming time.
3rd March 2008 From India, Patna
Can anyone tell me what are the current market charges for outsourcing companies are paying to the HRO organisation?
21st April 2010 From India, Delhi
Greetings from IndiHR we are a leading HR Outsourcing Service organisation with clients in Pune, Mumbai and Bangalore
Call us on 9922910389 or for getting a best deal
22nd December 2018 From India
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™