What Is Outsourcing?
Outsourcing is the practice of using another firm to manage tasks that are traditionally handled in-house. For many businesses this includes financial and HR services such as payroll, pension auto enrolment, recruitment services and accounting.
Benefits Of Outsourcing Services For Small Businesses
Small to large businesses use outsourcing for a number of reasons, the first obvious benefit to hiring an outsourced HR firm is that it saves money. By outsourcing you can change fixed costs into variable costs depending on your business’s needs, which enables you to spend your capital on growing your business instead.
With an increased number of SME’s in the UK, it can be difficult to find the resources to staff an entire HR department, therefore, outsourcing HR services for small businesses is an expertise-effective solution. Professional HR firms will use their know-how to manage human resources at your company, and in return you reduce your risk of anything going wrong.
There is an increasing emphasis on improving employee engagement and wellbeing in the workplace to boost performance and profitability, however, while this culture is increasing, small businesses tend to invest their limited resources into other areas. This is where outsourcing can be incredibly handy as professional HR companies have plenty of experience in employee welfare and can give your workforce access to great perks and rewards, so your employees will actually benefit from outsourcing HR.
Outsourcing can help your business grow through increased efficiency, simple tasks that you were able to do easily when starting your business can become cumbersome and difficult when you are expanding. By outsourcing tasks to another company, you now have the advantage of not spending excessive time on administrative duties.
Do Hive360 Offer HR Packages To Small Businesses?
Hive360 uses a unique employment model where we become your employment support partner, meaning that employees of your company become our employees as well. This enables us to offer exclusive HR packages for small businesses that are usually reserved for larger businesses.
For example, outsourcing to Hive360 gives your company access to blue chip benefits that were initially only available to large businesses. SME’s can now reap these benefits at affordable prices. It has also been proven that providing staff with benefits increases their wellbeing, performance and work.
To find out more about how outsourcing to Hive360 can benefit your small business, please get in touch using the contact form at the bottom of the page or call us on 0121 661 4851.