Thursday, May 03, 2012
According to a poll conducted by the Society of Human Resource Management, 26 percent of companies cite saving money as the main reason for choosing to outsource their human resource department to a professional employment organization.
As the economy continues to recover, more companies turn to business process outsourcing solutions that will improve their business processes and reduce business expenses. In the current market environment, companies are seeking human resource outsourcing services for payroll management, 401k plans, recruiting, workers compensation, insurance benefits, and other administrative tasks.
These outsourcing providers can bring specialized human resource processing services to an organization, which helps companies more efficiently recruit talented employees, process paperwork, manage employment regulation, and ensure that day to day process management issues are handled efficiently.
According to Everest Group Research's study on the human resource market, the industry is expected to grow at a rate of 27.2% year on year. With this growth in the industry, companies can be more particular about the services they are seeking. In today's market, companies want outsourcing providers that can adapt to their company's culture and present a consistent brand message to potential employees and clients.