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Today, a growing number of HR management professionals, both in-house and consulting, advocate that companies seek the many benefits of outsourcing support administrative functions, such as payroll administration and even hiring and training.
Why outsource payroll management? — Today, the tax authorities of most countries place the responsibility for the proper withholding of all relevant and necessary taxes on employers. Therefore, companies are forced to delve into the complex world of income tax laws, also in the different countries where they do business! Outsourcing payroll administration to management consultancies that specialize in this area has, at best, a double benefit: while this very important function of all companies large and small is handled by professionals who are Experts in the heart of the business, companies also find that they spend less on overhead and are better able to focus on their core competencies. Companies are sometimes hesitant to outsource functions that give people access to sensitive information. That is why choosing an established consulting firm is a must. Reputable management consulting firms have strict standards to protect confidential corporate information and offer comprehensive and confidential payroll management services.
Why outsource recruitment functions? — While payroll administration services can be outsourced across borders, even as far as the recruiting function is concerned, a local presence is needed. Outsourcing the headhunting exercise to professional recruitment agencies, particularly physical ones, is known to yield benefits that go beyond simply sourcing suitable candidates for current needs. In fact, companies that employ the right professional methods and practices for hiring are known to have employees to their credit that make them stronger and stronger. Professional recruitment agencies use comprehensive and detailed selection processes, including modern methods of psychometric testing, etc.
Why outsource employee training? — Many companies have their HR department set up training programs, which end up being taught by in-house staff. While this can sometimes be a necessity to familiarize employees with company practices and procedures, management training has become serious business today! The organization of training modules with professional management training consultants has seen the enthusiasm for continuous learning skyrocket and with it the success of companies.
People are now realizing what HR professionals have known all along: Companies shouldn’t try to be a jack of all trades, and focusing on core competencies often does wonders for the bottom line. The added benefit is that all other support functions also get their due when performed by the right professionals.