Already Have A Recruitment Team, Why Do You Need HR Business Process Outsourcing?
March 19, 2021
Most companies have their own recruitment department, in charge of all aspects of human resources. Yet, many of them still opt for an alternate HR services option called "HR Business Process Outsourcing". This brings up a question of when businesses need HR Business Process Outsourcing (HR BPO) and what is the best-known kind of option?
HR Business Process Outsourcing (HR BPO) is the process of outsourcing your HR activities to specialized HR BPO companies.
Definition of “HR BPO”
Business Process Outsourcing (BPO) is a process where a company outsources its non-core business activities. That means the company will delegate a few non-core activities, including IT, customer service, financial accounting, etc., to a third-party. By doing this, the company has more resources to focus on its core competencies and optimize business operations. BPO service providers must meet high standards of expertise in the areas the client’s business needs to outsource.
That said, HR Business Process Outsourcing (HR BPO) is the process of outsourcing your HR activities to specialized HR BPO companies. These vendors will handle all the HR activities you choose to outsource, from high-volume recruitment to payroll and benefits administration, as well as developing and implementing HR training programs.
What HR services can you outsource?
1. Payroll and Tax administration
Payroll and tax accounting are some of the most time-consuming jobs for HR personnel. It has to be done meticulously to ensure accuracy and legal compliance, and every accounting error can have a significant impact on the whole business. This makes payroll and tax administration an obvious process to outsource to an experienced HR BPO company to save time and effort of managing all of this and minimize unnecessary risks.
2. Expanding the talent networks
Every business needs at least a recruiter or a recruiting department. Depending on the company’s size, this department will be further enlarged to suit the needs of human resources. But when you need to expand your talent network or be on the lookout for senior candidates, it’s better to seek support from a dedicated recruitment service provider.
HR BPO companies have all the expertise and resources needed to carefully sort through candidates and find the company’s best fit quickly and efficiently. HR BPO Companies are responsible for the entire recruitment process, from screening, interviewing to on-boarding.
3. Setting up HR operations for a new business
For businesses that want to expand their business, human capital has become a crucial factor that should be built methodically. In that case, HR BPO Companies is the optimal choice, helping businesses utilize external resources to solve problems and remove HR administrative burdens, including employee recruitment strategies in new markets, reducing the regulatory environment’s complexity, and ensuring compliance with the laws of the host country.
In providing HR BPO services, the most trusted company in the field is Talentnet – an example of BPO Vietnam company with a complete package of tailored service solutions for businesses. Talentnet brings together leading experts with long-standing professional experiences, promised to be a strategic partner in human resources for business development in Vietnam.