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Universal Background Screening provides tech-enabled services to organizations in several industries, such as education, financial services, energy, healthcare, hospitality, retail, small business, and more. Some of the services o...Read more
Not all businesses have the budget, expertise, or time to manage their human resources (HR) processes in-house. HR services help such businesses outsource either a part of or their entire HR function. They assist businesses in implementing required HR processes but without having to hire and maintain a full-time HR staff or develop in-house capabilities. These services also allow businesses to ensure compliance with labor and employment laws and prepare for federal and state-level audits.
There are several HR service providers on the market, and finding the right one for your business can be time-consuming. In this guide, we’ve included all the information you’ll need to select the right service provider for outsourcing your HR functions.
Here’s what we’ll cover:
HR services enable businesses to outsource their HR functions to third-party service providers. Outsourced functions include a range of HR processes such as recruitment, payroll management, benefits administration, training, and compliance management. HR services also include consulting services which help to address HR-related issues and optimize policies.
In this section, we’ve listed the key offerings of HR services to help you make an informed decision.
Payroll management | Allows businesses to outsource their employee payroll process. It also helps track time and attendance, calculate net pay and taxes, and remit salaries to employee accounts. |
Recruitment | Manages job postings, candidate screening, interviews, and offer letters on behalf of businesses. |
Training and development | Schedules training sessions based on learning and development requirements. Service providers can conduct a variety of in-person and online training sessions including compliance and soft skill development. |
Benefits administration | Allows businesses to choose from a list of employee benefits such as medical insurance and retirement benefits. Service providers manage the procurement and payment of these plans. |
Compliance management | Helps ensure compliance with employment regulations such as the Employee Retirement Income Security Act (ERISA) and Fair Labor Standards Act (FLSA). |
Auditing | Audits HR data to inform about any potential violation of government regulations. It also helps improve HR processes by identifying areas of improvement. |
There are two major types of HR service clients, each differing in terms of their HR service requirements.
There are many advantages of using HR services. In this section, we’ve listed three key advantages that can help you build a strong case to opt for HR services.
When selecting HR services that cater to your needs, these are three key considerations you shouldn’t miss out on.