As companies develop, the required level of HR expertise and support constantly changes, expanding or contracting. An organisation’s requirements for HR expertise will vary from week to week, necessitating fluctuating proportions of time across the range of HR Administrator, Officer, Manager and finally HR Director.
Outsourcing provides organizations with the full range of HR skill sets from Administrator through to HR Director without incurring the fixed overheads normally associated with employing one or more of these categories. Whatever the size of the organization, outsourcing provides access to the full range of HR and employment law expertise normally associated with a corporate HR function.
HR Outsourcing with PSM HR - in summary means:
No Fixed Overheads/Liabilities - Including staffing, expensive office space, laptops, phones and other equipment.
Range of Skill Sets/Expertise – Full range of expertise constantly available from HR Administrator up to HR Director expertise with no fixed, long-term costs.
Additional HR Resources – Available whenever you need throughout the peaks and troughs of the commercial cycle, special one off projects, i.e. recruitment, restructuring, redundancy etc.
Full 52 week Coverage – Without suffering any loss of your HR service that would normally result from employees taking holiday, sick leave, training, maternity and parental leave.
Cost Savings – For organisation’s of between 40% - 60% of costs, as compared with an in-house function.
* Estimates are based on the middle range of employee numbers, number of sites and other variables.
The above table illustrates cost comparisons and potential savings comparing an internal HR function and outsourcing with PSM HR and across a wide range of company size.