If your company spends a good amount of time in HR- related tasks then it is wasting valuable hours in less productive tasks. However, in Bangladesh to eliminate the cost of the company most of the HR outsourcing related tasks are given to ad hoc HR managers whose role is primarily an office administrator but it increases the costs of company by investing time in hiring wrong choices of employment and handling other task related hassles to HR. With our complete outsourcing solution, you’ll receive continuous support customized to adapt with business-specific demands with dependable strategic, analytical and tactical services 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 to achieve various objectives of managing human resources. A research has been conducted based on both primary and secondary sources of data with 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, regression, and ANOVA have been used to analyze the data. The study shows that human resource outsourcing functions are still at a growing stage in Bangladesh but prospective are very high. The study also reveals that there is a strong positive relationship between human resources outsourcing enhances the overall HRM performance of the organizations. (Sources: Islam Mohammad, HR Outsourcing in Bangladesh(August 30, 2019). Journal of Business Studies, Vol. XXXX, No. 2, August 2019, University of Dhaka.)
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
Encounter spikes in recruitment related activities with a flexible workforce efficiently this is a much needed support
Spend fewer time in spread sheeting and more time in consulting customers with our enrollment and billing support.
3.Data and Analytics
Keep your statistics current while gaining insights on how to optimize your operation and achieve highest quality data
Our risk and compliance experts handles all changes to employment regulations and thus reduces HR outsourcing management pitfalls
Eicra.com PEO’s economy of scale enables every customer organization to bring down work expenses and increase the business’ primary concern. The customer can keep a basic in-house HR framework or none at all by depending on the PEO. The customer additionally can lessen recruiting overhead through us. The experts at the PEO can give superior consistence, which guarantees the client against obligation.
While both are viewed as HR outsourcers, they work in various occupations. Staffing organizations enlist, screen, and spot employees with organizations. Our Eicra.com PEO assumes on the liability for finance, business charges, benefits, HR, joblessness guarantees, and serving with laborers’ pay and security matters
Once a client company contracts with our PEO service, the PEO will then co-employ the client’s worksite staff. In the arrangement among a PEO, a worksite worker, and a client company, there presents a co-employment correlation, which includes a contractual distribution and sharing of company accountabilities between the PEO and the client pursuant to a consumer service agreement (CSA).
HR regularly determines the last moment that they have fresh workers. Moreover, they need to sort out some way to utilize and pay them swiftly. Therefore, getting them onboarded in weeks rather than months or a long time can have quick expenditures investment funds and indisputably time reserve funds.
Many countries provide some procedure of specific licensing, registration, or regulation for PEOs.
Eicra.com PEOs company or co-employer of worksite operates for many purposes, including employees' compensation and unemployment insurance taxes.