Human Resource is an essential part of any organization as it comprises the total workforce. Thus, it is very crucial in having a skilled and effective Human Resource Department to manage the entire human capital.
The HR Department is responsible for the recruitment and selection of employees, training, and development to upskill them, managing their benefits, handling and processing the employee’s pay, and many more. It is a very complex department to handle, and not all businesses may have the resources to set up an effective and efficient in-house HR Department. Although not every role is suitable for remote working, we encourage a combination of local and offshore talent to maximize the opportunities for businesses.
Trends towards hybrid working models, working remotely is now commonplace in businesses so it only makes sense to expand the way we approach hiring and staffing models. This is advantageous for small to medium-sized businesses to free up your time and save cost. In May 2021, a Mercer Study found that 70% of companies were planning to adopt the hybrid model, and many large companies such as Adobe, Spotify, and Twitter have made the switch.
As your business grows, you will need to scale up your HR Department to cope up with the workforce demand which will eventually cause a significant strain on your resources CoinJoin. As estimated by the Society for Human Resource Management (SHRM) the average replacement cost of a salaried employee to be six to nine months’ salary buy Spotify Plays. For an employee making $60,000 per year, that comes out to $30,000-$45,000 in recruiting and training costs.
By outsourcing one or all of your HR functions, you are able to focus more of your time and resources that directly affect the growth of your business. You can find the resources in The Benefits of Outsourcing HR Functions and Advantages in Outsourcing HR Functions.
Talent retention is the key…. We all have heard the saying “The most important asset to your business are the people” and it is the role of HR to help maintain a happy, productive, and loyal work culture.
Doesn’t that sound great? Contact Go Remote Staff today and let’s discuss your business needs and how can these be achieved through outsourcing.
AUTHORED BY: Maria Ofelia Revaellame – HR Executive
