Maintaining a fully-functional, in-house human resources department can be taxing on a small business, which is why more companies are outsourcing their HR departments. Yet, how will you know if it is time to outsource your HR department? Here are a few of the signs indicating that it is time to consider outsourcing your HR department.
You Are Having Trouble Hiring Quality Talent
Smaller companies often have a hard time recruiting top talent in their industry. If your HR department has been struggling to keep up with your hiring needs, and/or you have been experiencing high turnover rates, then it may be time to consider outsourcing HR. An outsourced HR firm will have more resources that will allow you to find the best candidates for your company.
You Are Struggling to Keep Up With Legal Regulations
HR departments in smaller companies may also have a hard time keeping up with, and staying up to date on, ever-changing compliance rules and regulations. However, making a mistake in this area can lead to expensive penalties and fees. If your HR department is struggling in this area then you may benefit from the expert support outsourced HR specialists can provide.
Your HR Department is Costly to Maintain
The primary reason small business owners outsource their HR departments is to save money. In small to medium-sized companies maintaining full-time HR staff can become expensive, which can cause HR to feel like a money-pit. If your HR department is becoming costly to maintain, yet they are still not managing to keep up with the needs of your company, you could likely save money, and improve efficiency, by outsourcing your HR needs.
These are just a few of the signs indicating that it may be time to consider outsourcing your company’s HR department. Contact us to learn more about outsourcing HR as well as to learn about the benefits doing so could provide you with.