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                      ADDED VALUE (Continued)

 

Concentrate on Your Business

Although many businesses are contracting, both federal and state governments expect future expansion to come from growing small businesses.  For a growing organization, the HRSB is ideal, offering expanded capabilities without additional staff.  Frequently, a growing company is deluged with increasing demand for their product or service and just does not have the time necessary to expand their staff.  If they do not get the additional staff, they will not keep up and may loose business (catch 22).  For example, many organizations complain that they are inundated with resumes because of the ease of applying by e-mail.  In this situation, the HRSB offloads work from the organization and facilitates the recruiting function, to rapidly add critical resources.  In addition, the HRSB can make additional employee services available that will help attract new employees and retain current employees.

Compliance

Growing organizations must make critical decisions in order to reach the next stage.  One such decision point comes around 50 employees.  Many complex laws that do not apply to smaller organizations now apply.  The organization faces a tough question when it realizes that it needs professional HR input.  They can develop an Administrator by working with high priced consultants; or they can hire a professional HR manager.  Either alternative represents a substantial investment and some risk for the organization.  Another alternative is to outsource to the HRSB, who will provide a host of HR services and assure compliance.  The environment that the HRSB provides will help the organization successfully navigate through this critical stage of growth.

Increase Employee Loyalty

One example of how the HRSB can add value for the organization with its employees is by producing benefit statements.  National surveys show that employees think their benefits cost the organization only half of what they really do.  When you add all that a company pays on behalf of the employee in terms of time off, FICA, Workers Comp, Health, insurance, retirement, and social events, it amounts to 20 – 35% of their pay.  A benefit statement shows this hidden value to the employees resulting in a more favorable attitude towards the organization.

 

 

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Revised: January 20, 2006