From benefits to payroll and general HR administration, there are many tasks that HR leaders must ensure are completed timely, accurately, and compliantly. Unfortunately, HR departments are left with little time to focus on more strategic initiatives. For example, just managing payroll in-house can take as much as six weeks for the typical HR department, according to ADP. Thus, outsourcing managed HR services is a strategic decision that can improve efficiency and control costs within the HR department.

Managed HR Services
One of the first advantages of outsourced managed HR services is that it provides companies with greater flexibility to scale up services up or down. Growing companies are burdened by an increased requirement for reporting, compliance, and other administrative responsibilities. Without expanding headcount, it can be difficult–if not impossible–for HR departments to keep up. By outsourcing payroll, benefits, or general HR administration responsibilities, a good HR outsourcer will be able to adapt the services it delivers to ensure clients receive the right amount of HR support.

With payroll being one of the largest expenses companies face, including payroll administration in your managed HR services is essential as a cost control measure. On average, companies that outsource payroll can save as much as $450 per employee and up to 70% on employee costs. When companies choose to outsource payroll instead of hiring in-house, they’re able to access the payroll expertise they need without going through the costly process of recruiting and hiring experienced talent. Employee costs aren’t the only aspect of payroll that an HRO can help control. Outsourcing payroll to an experienced HRO ensures that everything is being done accurately and compliantly, reducing the risk of potential fines and other penalties for non-compliance.

Leveraging managed HR services often means that companies with 75 to 6,000 employees can also improve the technologies they use in their HR departments. From payroll and benefits to performance management, time-tracking, and more, a good HRO should be equipped with the knowledge to recommend an HRIS that can meet an HR department’s unique needs. In addition, choosing a good technology platform enables companies to improve data security and keep sensitive employee information away from prying eyes. Choosing the right technology can also help companies analyze HR data that can inform business decisions, integrate with other tools, and automate some HR processes.

Companies can also turn to managed HR services to improve employee experience. When an HRO takes care of benefits administration, companies can offer more comprehensive benefits to their employees. Since benefits are a significantly influential component of an employee’s willingness to accept a job offer, remain employed with an organization, or seek new employment opportunities, having better benefits can be a useful way to improve recruitment and retention efforts. In addition, managed HR services can improve the way companies provide HR support to employees, increasing their satisfaction.

When companies with 75 to 6,000 employees turn to an experienced HRO for managed HR services, they can relieve their HR departments from the burden of redundant and time-consuming responsibilities. As a result, HR staff are free to focus on strategic priorities that will drive the business forward.

Companies relying on an HRO like Corban OneSource can rest assured knowing that we have nearly three decades of experience providing managed HR services. Outsourcing to Corban OneSource means that you’ll have one point of contact to streamline communication and get timely assistance, but we have multiple backups on standby to ensure we’re always able to provide assistance and support.

If you’re ready to learn more about how Corban OneSource can help you effectively manage HR responsibilities, contact us today to learn more