Human Resources Business Process Outsourcing continues to be a major component of the overall worldwide BPO market.
Business Processes Outsourcing is the process of hiring another company to handle business activities for you. It is increasingly becoming common for companies to outsource financial and administration (F&A) processes, human resources (HR) functions, call center and customer service activities, accounting and payroll etc. Amongst all organizational functions, Human Resources Business Process Outsourcing (HR BPO) continues to be a major component of the overall worldwide BPO market. Going by the current trend, companies are leveraging HR- BPOs as a means to achieve transformation in HR functions and processes.
Here are some convincing reasons why you would decide to outsource your entire human resources function or a single process out of the entire gamut of HR activities.
According to a professional at Calibre Point Business Solutions, ‘There are some companies which outsource their entire HR function, while there are others who chose to outsource a single HR process at a time.’ Mostly startups and small and medium companies prefer to outsource single process at a time. Small companies can outsource its recruitments to begin with, followed by other processes such as payroll, Performance Management, Compensation, Learning and Development, etc. Among all HR process Payroll is the most outsourced function and continues to occupy the top share of the outsourcing pie. Other commonly outsourced functions are Employee Record Maintenance and Workforce Administration, Employee Benefits Administration, HR Helpdesk, Recruitment Process Outsourcing (RPO), etc.
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