Who’s taking care of human resources for your business? If you’re like most small business owners, you don’t have the resources to hire a full-time staff member to oversee hiring, firing, payroll, benefits administration and employee training. But HR is a very important aspect of any company, and it’s one that shouldn’t be viewed as another item on your endless to-do list.
“As a small business, you’re very limited in the investment you can make in human resources,” said Mark Perlberg, CEO of professional employer organization Oasis Outsourcing. “A lot of smaller companies might have somebody like the CFO taking responsibility for HR. But it’s a highly specialized area, and it’s a very hard thing to do if you don’t have that expertise.”
Small businesses are increasingly turning over their human resources operations to outsiders, industry experts say. According to a poll conducted by the Society of Human Resource Management, 26 percent of companies cite cost savings as the primary reason for realigning their human resources department with a professional HR management firm. Such firms have expertise in managing traditional HR functions such as payroll, 401(k) plans, recruiting, insurance benefits, training and development, workers’ compensation and other administrative tasks.
By: BusinessNewsDaily
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