What Is Outsourcing?
business support benefits

As the population grows and needs expand, niche services are required to meet these demands. It can be tricky to find the right staff to fill these positions in-house, which is why outsourcing companies are becoming more and more popular. Outsourcing companies are able to provide businesses with a dedicated workforce to fulfil the specific services needed.

Therefore, outsourcing is the practice of receiving services from another firm which may have traditionally been undertaken in-house.

What Services Can Be Outsourced?

As companies grow and the services they require expand, outsourcing firms can get involved with cost effective solutions. Examples of commonly outsourced services include:

  • Financial Services – These types of services typically involve payroll outsourcing and pension outsourcing. Due to the importance of paying employees accurately and on time, it is quite common to bring in dedicated teams to work solely on payroll and pensions for a company. Financial services can be a tricky landscape to navigate and so it can be a wise idea to partner with a company that understand the continual legislation and compliance changes so that the business remains legal and without fines.
  • Human Resources ­– HR covers a wide umbrella of employee related services and some companies do not have the capacity to handle these in-house. Human resources is crucial to any business and so it is important that it is performed correctly, keeping employees happy and productive can increase your bottom line. Human resource services can include managing employee benefits and welfare support, training and apprenticeships.
  • Recruitment Services – Outsourcing recruitment to a third party can help a business attract the best talent, whether this is for temporary or permanent positions.

Hive360 And Outsourcing

Hive360 can help businesses with a wide range of outsourcing services. Not only that, we are different from traditional outsourcing firms because we become partners with our clients, whereby our clients’ employees gain access to our unique network benefits and engagement services. This is because we work to a unique employment model based on the Professional Employment Model (PEO) which originated in America. Working to this model allows us to offer exceptional HR, payroll, pension enrolment, benefits and training solutions.

To find out more about how outsourcing services to Hive360 can benefit your business and employees, please get in touch using the contact form at the bottom of the page or call us on 0121 661 4851.