Would you believe that nearly 45% of all small businesses spend an entire day each week managing HR-related tasks? That's a lot of time that could be spent on improving other areas of the business. Luckily, there are ways to streamline the HR process so that you can focus on what's really important.
The answer is HRO. And it is overhauling the way businesses operate.
But what exactly is HRO, and how is it helping businesses all over? This blog will introduce you to the basics of HRO and explain why availing Peoitaly’s HRO offering can help accelerate your business growth.
What is HR Outsourcing?
Human Resource Outsourcing, abbreviated as HRO, is the practice of partnering with an organization or an external provider to help you virtually manage your business's HR needs. While the specific processes within any HR outsourcing arrangement tend to vary from organization to organization- some may choose to outsource all of their HR processes, while others may go for specific services such as payroll and recruitment.
What is Not HR Outsourcing?
HR outsourcing tends to be a commonly misunderstood business practice. To date, many organizations confuse it with offshoring but the reality is that HR outsourcing is quite different from offshoring.
How does HR Outsourcing work?
HR outsourcing commences with you as an international business realizing the need for delegating HR responsibilities to a partner company with the right HR acumen. This involves understanding the scope of work and services that the HR partner company can offer to your business. It then involves negotiating the terms of the partnership agreement, including the cost and timeline of services. Lastly, the outsourcing process involves monitoring the progress of the partnership and making sure that the partnership is delivering the desired results.
How does HR outsourcing to Peoitaly work?
As an exclusively Italian company offering HR outsourcing solutions to international clients operating in Italy, Peoitaly seeks to truly serve you. We understand that it is a challenge for organizations operating outside of Italy to manage the complexities of the Italian labor market. That is why Peoitaly exclusively offers comprehensive HR outsourcing solutions to help you manage your HR responsibilities in Italy. With our tailor-made solutions, you can rest assured that all HR processes comply with local regulations. We offer custom-made HR outsourcing plans to our clients. We realize that no two organizations have the same HR requirements so our plans are targeted to fit your HR goals. We care for your business growth and are dedicated to helping you increase efficiency, reduce costs, prevent legal crises, and streamline processes.
When a potential international client reaches out to us to discuss HR outsourcing, we start by identifying their business needs. This could involve seeking insight into the main areas requiring HR support, such as risk management, talent acquisition, etc. We then analyze and audit your current HR practices to determine the best means to create a good HR workflow for your business. The final step is the curation of an HR plan that befits your needs as a business. The end goal is to facilitate your financial and strategic growth.
What HR functions can be outsourced to Peoitaly?
As a business owner, you may outsource some or all of the HR tasks to Peoitaly. This depends entirely on your business needs regards to what you outsource. However, some of the HR functions you may outsource include:
You want to find the perfect new employee for a role that has opened up at your company, but you do not want to go through countless applications to sift for the next candidate. You can take this workload off your plate and outsource to Peoitaly to manage your talent acquisition process.
Conducting background checks for new employees joining your company is essential to ensuring a secure workplace for all. This gives you a clear idea of the person you seek to welcome to your company. While you want to engage in this process- it goes without saying that it is rigorous and time-consuming. As a viable solution, you may delegate this duty to Peoitaly.
Recruitment and Onboarding
Peoitaly helps with recruitment and onboarding as well. 38% of companies employing HRO need help with recruitment. This may include sending employment offer letters and contracts to your new employees. Since we are well-versed in the diction and data of such technical documentation, there are fewer chances of errors. We also help with employee onboarding assistance, guiding the execution of reference checking and supporting employees when liaising with local banks, authorities, unions, public offices, etc.
HR teams are not only responsible for overseeing employee relations. They also help minimize the risk of worst-case scenarios in employee management matters. To minimize your chances of workplace conflicts and, at times, even lawsuits, you may outsource your risk management efforts to an HR partner like Peoitaly so that your team doesn't have to focus on something that isn't strictly business related.
Performance management comprises annual reviews, salary negotiations, and performance-related discussions. While they are a pertinent aspect of running a business, you may lack time to deliver on these areas efficiently. If this is so, you may choose to outsource your performance management tasks to Peoitaly. We will help you navigate your performance goals and define penalties for poor performance.
Payroll and Tax Administration
You can expect us to manage your entire business payload processing and administration when you outsource your HR. This can include time-tracking, benefit deductions, filing taxes, reporting, etc. By outsourcing this crucial function, you can free up time to focus on other important business areas.
Peoitaly also helps in the training and development of the employees. In fact, 58% of companies seeking help from an HRO do so for employee training. This can include giving guidance and advice on labor law to help employees stay within the precincts of legal regulations. We may also give out health and safety training to ensure that employees are physically and mentally sound to perform the duties assigned in the workplace. We also offer pre-employment medical examinations for employees to avert the risk of transmittable diseases at the workplace.
Relocating your business can be a difficult and stressful process, but fortunately, HR partners can help you navigate it. They can take care of tasks like auditing and paying invoices for your employees, shipment monitoring, and expense tracking.
When should you outsource your HR to Peoitaly?
You may choose to outsource your HR for the following reasons:
- If your admin processes are slowing down your company's productivity, it is time to consider outsourcing the management of human resources. HR outsourcing allows you to delegate HR responsibilities to us while freeing you up with precious time to focus on other important business tasks that demand your attention.
- If you are looking to save up on the costs of your operations, outsourcing your HR is a good choice. By doing so, you do not have to hire a full-time HR manager. You also eliminate the cost of employee benefits, sick days, vacations, and other perks. Instead, you are to simply pay a fee for the set package you choose for your HR needs to Peoitaly.
- If you need help with payroll and tax administration, it helps access HR talent adept in this area. This help averts financial errors and redundancies for your business.
- If you are facing difficulty attracting and retaining talent, HR outsourcing may be your best bet. Outsourcing to Peoitaly will allow you to work and collaborate with established professionals in the Italian HR domain. This will relieve the pressure of getting the job done the right way.
- If you want to mitigate legal risks by staying compliant with HR laws, outsourcing may be a viable solution. As a business, when you have core operations to focus on, learning and implementing Italian HR compliance will be a task too daunting and complex. Outsourcing to Peoitaly will ensure that you are on top of tackling your compliance issues heads on. This will avert risks related to HR non-compliance for your business.
- If you want to accelerate your business, you can outsource HR to Peoitaly. Research shows that businesses that outsource their HR services grow 7-9% faster than companies that do not.
What are the benefits of HR Outsourcing to Peoitaly?
The major benefits of HR outsourcing are as follows:
You get access to specialist skills
HR outsourcing helps you access specialist HR skills for more complex services. Since HR is a field in which experience accumulated over the span of your career is worthwhile, it makes sense to work with companies or individuals with good experience in the field. This will help in collaborating with external HR managers who are well familiar with HR issues and are always up to date. It also may be that as a business owner, you analyze that the current HR workload is a bit too expensive or time-consuming for in-house staff members to accomplish efficiently. Hence, the best resort is to outsource your HR to a reliable outsourcing partner like Peoitaly.
You reduce business risks
One advantage of HR outsourcing is that you can delegate responsibility for quality control to us. This can help reduce your business risks, as we have the tools and services to ensure that only high-quality candidates are hired. Consequently, you can focus on other areas of running your business, safely knowing that your HR needs are being expertly handled.
When you outsource your HR, you can expect your service provider to manage your entire business's payload processing and administration. This can include time-tracking, benefit deductions, filing taxes, reporting, etc. Outsourcing this crucial function allows you to free up time and focus on other business areas.
You end up saving costs
When you choose to outsource HR services, you may be able to cut costs for your business. So, for instance, if you are a company that does not need full-time HR support, outsourcing HR tasks as and when needed will save you lots of money. This also means you can invest the saved funds elsewhere- such as in research and development of upcoming products that will keep you ahead of your competitors in the market.
What factors to consider when selecting the best HR outsourcing partner?
With a plethora of HR partners out in the Italian market, how do you decide exactly which ones are the best for your business? We share some pertinent factors that will enable you to choose the best fit for your needs. Let's have a look:
Propel Your Business to New Heights with Peoitaly's HR Outsourcing Solutions
As a business, you are always on the lookout for trustworthy HR organizations that share your vision and dedicated passion for your business. This involves facilitating the delivery of a seamless and structured HR workflow that enables you to focus less on administerial tasks and more on strategizing business plans that drive good revenue. Thus, you need a partner, an accomplice who stands by you, understands your needs, and tries to deliver them just the way you want.
We've got the solution for you!
At Peoitaly, we are proud to offer our newly launched HRO services. This is a game-changing opportunity for businesses to access qualified and experienced HR professionals who can care for all their HR needs. We promise to provide the highest levels of service and work ethics to help businesses grow and succeed. Book a consolation call with us today to accelerate your business.