As we head into a post-COVID atmosphere, the way that businesses operate has changed dramatically. Some lessons learned will forever alter the way that small business adapts to an ever-changing world, and doing things differently in the face of the pandemic has most of us rethinking the status quo. Although we all learned that life is uncertain, one certainty is that there is rapid change on the horizon. Just as altering the way you do business was critical to surviving the past two years, here are four reasons to outsource your HR going forward!
Competition is Fierce
Labor is behaving like real estate, which means that it is a “seller’s market.” Never before has it become more difficult to not just find but also to retain talent. That requires business owners to offer benefits to gain a competitive edge. As a small-business owner, partnering with an outsourcing company allows you to gain bulk buying power that helps achieve competitive rates and the experience of negotiating coverage options. Offering more to your employers breeds loyalty and goodwill, and that is what it will take to retain employees and keep people happy.
HRIS is a Must
Many small businesses do their human resources old-school, meaning they don’t have the budget to use human resource information systems that get you a tech-savvy edge. For those with employees who work remotely, HRIS systems are even more critical. An outsourcing partner will have not just the updated software, but also the experience to run it without the investment money or time that it would take for you to get up to speed.
Scalability
Many businesses start out small by necessity, but as they grow it can become increasingly different to keep up, human resources-wise. Solutions that are acceptable for a workforce of 10 will not cut it when you have 100+ employees. Also, as you grow, compliance will become a concern as more regulations will dictate the way you operate. If you keep your human resources in-house, you will have to hire more people to accommodate your growing pains – which can be very expensive. By outsourcing your HR, you get the best of all worlds: the experience and knowledge that it takes to avoid the penalties that can come from non-compliance and a much less expensive solution to hiring staff and having more people to contend with.
Responsiveness
When employees have a question, they want answers. Your employees are no different. When you outsource your HR, you can ensure that your workers will get the information that they need to avoid frustration and confusion. Also, you can get the answers that you need immediately for internal questions, so it will save everyone a lot of headaches and wasted time. Outsourcing HR is a huge convenience, and it leads to people focusing on what they do best instead of muddling through the process.
As we head into a post-COVID recovery, some things will return to the status quo, while others may not, because we found a better way to operate – both in the office and outside of it. One thing that you have probably learned is that the businesses that can pivot quickly are the ones that survive. If you want to focus on the big picture of the growth of your organization, then being a successful business owner means doing the things you are best at and delegating the rest. If HR is hijacking all of your time, it would be better spent elsewhere. Let AdvantEdge Payroll Benefits & HR focus on your Human Resources so that you can maintain a competitive edge for employees and customers all the way around! Contact us today to get started!