subject: Make Your Hr Department More Efficient By Outsourcing [print this page] Many mid-sized companies rely on human resources departments for a variety of services. Most business owners would agree that things like recruiting and employee management are more integral to the day-to-day functioning of their companies than paperwork-related tasks like payroll processing and tax filing. If you'd like to increase the efficiency and productivity of your HR department, you should consider outsourcing your payroll and tax filing to a third party. Doing so will free up your human resources personnel to tackle more important tasks. In turn, employees throughout your company will be happier, and you should see a marked improvement in your bottom line.
Unburden Your Human Resources Personnel
There is absolutely no benefit to having your payroll and tax filing handled onsite. Before outsourcing such services, you might want to try a time and attendance management system or a human resource payroll system. This is a good way to see how your organization can benefit from lifting these tasks from the shoulders of your HR employees. Processing payroll and handling taxes are extremely time-consuming tasks. Right now, you probably have at least one or two employees who are almost entirely focused on handling them. By letting a third party handle these matters instead, you can have those employees perform more important tasks.
Save Money
Think about the average salary of the HR employees who currently handle your payroll processing and tax filing. Whether just one person handles these things or if you have several people working on them, you're undoubtedly spending a lot of money. Outsourcing these services is a cost-effective move. Your employees' time is valuable. Shouldn't you get the biggest possible return on your investment? Human resources outsourcing companies charge very reasonable fees. Once you've made the switch, you can either downsize your HR department or give those employees more important things to do.
Increase Productivity
If your human resources employees stop handling your payroll and taxes, what are they supposed to do? Most mid-sized companies who make the switch to outsourcing reassign those employees to focus on things like employee relations and recruiting. With more HR professionals available to assist employees with things like vacation days, health insurance benefits and other matters, workers throughout your organization will be happier and more productive. You will also have an easier time staying on top of how things are going in your organization because your HR personnel will be less distracted.
Get the Best Return on Your Investment
When you hire an employee, you're making a huge investment. The way in which that employee uses his or her time has a direct impact on how great your return on that investment will be. Like some business owners, you may be skeptical about the benefits of outsourcing things like payroll processing and tax filing. How will doing so enhance your bottom line? You need to think about how your HR employees use their time. Are they more valuable to you when they spend their days shuffling paperwork or when they help make employees throughout your organization more productive?
Get Started Today
It's natural to feel ambivalent about outsourcing important tasks like payroll processing. Investing in a human resource payroll system or time and attendance management system is a good stepping stone to consider. It will give you a better idea of the kinds of benefits that you'll enjoy by moving these tasks out of your organization and onto a third party's shoulders. Like many people who own mid-sized businesses, you'll probably find that outsourcing is the right move to make. In today's competitive world, it pays to cut costs wherever possible, and outsourcing is one of the best ways to do so.
