If your company spends a good amount of time on HR-related tasks then it is wasting valuable hours. However, in Bangladesh to eliminate the cost of the company most of the HR outsourcing-related tasks are given to HR managers whose role is primarily an office administrator. But it increases the costs of the company by investing time in hiring wrong choices of employment. And handling other task-related issues with HR. With our complete outsourcing solution, you’ll receive continuous support. That is, customized to adapt to business-specific demands and also dependable strategies, you can rely on.
Outsourcing turn out to be a very prominent topic in the new dimension of business across the world. The private sector business in Bangladesh is giving emphasis on human resources management outsourcing functions. Research has been conducted based on both primary and secondary sources of data with a total of 115 respondents holding the top and middle positions in the different private organizations in Dhaka city. The study has been conducted by collecting the data through a structured questionnaire and different statistical techniques such as descriptive statistics, correlation, and regression, have been used to analyze the data. Moreover, the study shows that human resource outsourcing functions are still at a growing stage in Bangladesh but the prospect is very high. The study also reveals that there is a strong positive relationship between human resources outsourcing.
Assisting businesses to focus on core operations
Effective cost savings whether direct or indirect
Transferring emphasis from internal processes to achieve business goals
Guaranteeing compliance with legal requirements
Comprehending investment in HR transformation and IT systems
Transferring risk and liability for HR related issues
1. Peak Hour Support
Firstly encounter problems in recruitment-related activities. Also a flexible workforce efficiently is a much-needed support
Secondly, spend less time in spreadsheeting. More time in consulting customers with our enrollment and billing support.
3.Data and Analytics
Next, keep your statistics current while gaining insights on how to optimize your operation and achieve the highest quality data
Our risk and compliance experts handles all changes to employment regulations and thus reduces HR outsourcing management pitfalls
Human Resource Outsourcing is a procedure in which a corporation hires a third party to handle its human resources functions. HR outsourcing allows a company to save money and time while also giving them a competitive edge in their human resource initiatives and providing better service to their employees.
The following are the most typically outsourced HR functions:
You pay for what you need rather than what you don't need when you outsource. Whether it's a contract that spells out exactly what you'll get or an hourly rate, you'll spend less for the service than if you had to pay someone a wage. You'll save money on benefits and payroll taxes as well.
Organizations that are completely focused on providing HR services will have far more advanced technology and processes in place to do so. Outsourcing your HR activities to a company like this will help you streamline your HR processes, making HR management and administration more effective and efficient.
HR outsourcing's benefits and drawbacks
Outsourcing HR has the following pros:
Outsourcing HR has the following cons: