Hi Praveen,
Thanks for your comments. :o
I would appreciate more if you could participate in the quiz. :lol:
Hi Preeth,
Ok, Lets wait till Monday.
Meanwhile, if you edit and give a short answer for the question, do mail me your article. I would like to read it.
Regards
Lavanya
From India, Madras
1Thanks for your comments. :o
I would appreciate more if you could participate in the quiz. :lol:
Hi Preeth,
Ok, Lets wait till Monday.
Meanwhile, if you edit and give a short answer for the question, do mail me your article. I would like to read it.
Regards
Lavanya
From India, Madras
Dear Lavanya
Greetings!
HR Outsourcing:
The concept of taking internal company functions and paying an outside firm to handle them. Outsourcing is done to save money, improve quality, or free company resources for other activities. Outsourcing was first done in the data-processing industry and has spread to areas, including telemessaging and call centers. Outsourcing is the wave of the future.
Advantages of HR Outsourcing:
Reducing costs:
Key determinator in many outsourcing decisions, but should not to be considered in isolation from other costs/ benefits;
Increasing effectiveness of HR delivery:
Experienced outsourcing providers can often deal with HR processes more effectively. For example, recruitment may be undertaken more quickly, reducing employee turnover costs and speeding up the pace of growth;
Providing greater expertise:
External providers may offer greater levels of specialist knowledge or experience than affordably available in-house;
Moving HR up the value chain:
Outsourcing human resource administration can lead to a shift in HR focus towards policy and decision making;
To aid organizational growth:
Fast-growing organizations can lack the HR capacity to deliver business objectives, making HR outsourcing an attractive solution.
Disadvantages of HR outsourcing :
· Loss of managerial control, because it is more difficult to manage outside service providers than managing one’s own employees working possibly in the same building.
· Often the hidden costs are difficult to calculate or prepare for. These include legal costs related to putting together a contract between two companies and the time spent to coordinating the contract.
· Another disadvantage of outsourcing can be a threat to security and confidentiality. If your company is outsourcing processes like payroll, medical transcriptions or other confidential information, a company must be very careful in choosing which process it wants to outsource and to which provider.
· A possible loss of flexibility in reacting to changing business conditions, lack of internal and external customer focus and sharing cost savings may also be a disadvantage of outsourcing.
· Other disadvantages of outsourcing may include unfavorable contract lengths, loss of competitive edge, problems in contract renewal, and contractual misunderstandings.
Rgds,
John N
From India, Madras
Greetings!
HR Outsourcing:
The concept of taking internal company functions and paying an outside firm to handle them. Outsourcing is done to save money, improve quality, or free company resources for other activities. Outsourcing was first done in the data-processing industry and has spread to areas, including telemessaging and call centers. Outsourcing is the wave of the future.
Advantages of HR Outsourcing:
Reducing costs:
Key determinator in many outsourcing decisions, but should not to be considered in isolation from other costs/ benefits;
Increasing effectiveness of HR delivery:
Experienced outsourcing providers can often deal with HR processes more effectively. For example, recruitment may be undertaken more quickly, reducing employee turnover costs and speeding up the pace of growth;
Providing greater expertise:
External providers may offer greater levels of specialist knowledge or experience than affordably available in-house;
Moving HR up the value chain:
Outsourcing human resource administration can lead to a shift in HR focus towards policy and decision making;
To aid organizational growth:
Fast-growing organizations can lack the HR capacity to deliver business objectives, making HR outsourcing an attractive solution.
Disadvantages of HR outsourcing :
· Loss of managerial control, because it is more difficult to manage outside service providers than managing one’s own employees working possibly in the same building.
· Often the hidden costs are difficult to calculate or prepare for. These include legal costs related to putting together a contract between two companies and the time spent to coordinating the contract.
· Another disadvantage of outsourcing can be a threat to security and confidentiality. If your company is outsourcing processes like payroll, medical transcriptions or other confidential information, a company must be very careful in choosing which process it wants to outsource and to which provider.
· A possible loss of flexibility in reacting to changing business conditions, lack of internal and external customer focus and sharing cost savings may also be a disadvantage of outsourcing.
· Other disadvantages of outsourcing may include unfavorable contract lengths, loss of competitive edge, problems in contract renewal, and contractual misunderstandings.
Rgds,
John N
From India, Madras
The businesses view HR outsourcing as a strategic tool that relieves them of administrative or routine HR responsibilities and enables them to focus on what they do best. In addition to allowing you to concentrate on your core business activities, outsourcing provides some key benefits, including:
- Reduce administrative infrastructure within organisation.
- managed by specialists instead of generalist. Providing you with skilled professionals who are focused specifically on HR.
- HR managers gets more time for strategic HR.
- Helping you reduce and manage operating costs
- Remove individual biasness & thus, improving employee relations
Some key issues, which restrict the scope of outsourcing are:
- Loss personal touch
- Integrity of process managers lies with their own firm (outsourcing agency) not with your organisatins.
- Chances of loss of confidential information
- It is good, if process has stabilized, otherwise create negative impact on working & motivation of employees.
The above benefits or restrictions are only indicative not exhaustive.
Thanks & Regards
From India, Calcutta
- Reduce administrative infrastructure within organisation.
- managed by specialists instead of generalist. Providing you with skilled professionals who are focused specifically on HR.
- HR managers gets more time for strategic HR.
- Helping you reduce and manage operating costs
- Remove individual biasness & thus, improving employee relations
Some key issues, which restrict the scope of outsourcing are:
- Loss personal touch
- Integrity of process managers lies with their own firm (outsourcing agency) not with your organisatins.
- Chances of loss of confidential information
- It is good, if process has stabilized, otherwise create negative impact on working & motivation of employees.
The above benefits or restrictions are only indicative not exhaustive.
Thanks & Regards
From India, Calcutta
Hi John,
In my personal opinion, you have generalized the definition of outsourcing, but the advantages and disadvantages, you have more focused on HR outsourcing. Comparing the answer of your with Sameer's, he has focused much more on HR outsourcing.
Welcome Sameer! You have done a good job, however, the winner will be announced by the person who has posted question as per the conditions of this game. So Lavanya will announce the winner. If you are the winner, then you can post the next question.
Anyways, Lavanya, you decide on the winner and post your answer also.
Preet
From India, Bangalore
In my personal opinion, you have generalized the definition of outsourcing, but the advantages and disadvantages, you have more focused on HR outsourcing. Comparing the answer of your with Sameer's, he has focused much more on HR outsourcing.
Welcome Sameer! You have done a good job, however, the winner will be announced by the person who has posted question as per the conditions of this game. So Lavanya will announce the winner. If you are the winner, then you can post the next question.
Anyways, Lavanya, you decide on the winner and post your answer also.
Preet
From India, Bangalore
Dear Preet
Greetings!
HR Outsourcing
Human resources are the most critical assets of any organization as the organization's success lies in their hands. But in order to ensure that its employees remain satisfied, the company has to have a specialized human resources department that most of times proves to be a costly affaire. That is why most companies today; decide to outsource their human resources management functions to offshore destinations.
What is HR Outsourcing?
HR outsourcing is a process in which a company uses the services of a third party to take care of its HR functions. A company may outsource a few or all of its HR related activities to a single or combination of service provides located in offshore destinations like India, China, Philippines, etc.
In this sense the HR outsourcing service providing firms or hr outsourcing company can be divided into four categories depending on the services they offer as, PEOs (professional employer organization), BPOs (business process organization), ASPs (application service providers), or e-services. In these categories the PEOs are the ones that assume full responsibility of a company's hr functions where as others such a BPOs, ASPs and e services provide web based hr solutions like database maintenance, HR data warehousing, maintaining records, developing and maintaining hr software's etc.
Rgds,
John N
From India, Madras
Greetings!
HR Outsourcing
Human resources are the most critical assets of any organization as the organization's success lies in their hands. But in order to ensure that its employees remain satisfied, the company has to have a specialized human resources department that most of times proves to be a costly affaire. That is why most companies today; decide to outsource their human resources management functions to offshore destinations.
What is HR Outsourcing?
HR outsourcing is a process in which a company uses the services of a third party to take care of its HR functions. A company may outsource a few or all of its HR related activities to a single or combination of service provides located in offshore destinations like India, China, Philippines, etc.
In this sense the HR outsourcing service providing firms or hr outsourcing company can be divided into four categories depending on the services they offer as, PEOs (professional employer organization), BPOs (business process organization), ASPs (application service providers), or e-services. In these categories the PEOs are the ones that assume full responsibility of a company's hr functions where as others such a BPOs, ASPs and e services provide web based hr solutions like database maintenance, HR data warehousing, maintaining records, developing and maintaining hr software's etc.
Rgds,
John N
From India, Madras
Hi John,
Great. Now you got the righr point. Good going. Lavanya, pls announce the winner.
Hi Charanjeet Gaur,
Good to see your participation. One request try to participate by answering the last question which is running currently. Anyways, your answer for the question is also correct
Preet
From India, Bangalore
Great. Now you got the righr point. Good going. Lavanya, pls announce the winner.
Hi Charanjeet Gaur,
Good to see your participation. One request try to participate by answering the last question which is running currently. Anyways, your answer for the question is also correct
Preet
From India, Bangalore
Hi All,
Congrats for Sameer and John for their clear answers. :D
John's answer is perfect.
But i believe let Sameer a new joinee in the party should be given a chance.
Let him post the next question.
CONGRATS SAMEER. :lol:
If he does not post his answer by tomo 12 i request John to post the question. 8)
Regards,
Lavanya.
From India, Madras
Congrats for Sameer and John for their clear answers. :D
John's answer is perfect.
But i believe let Sameer a new joinee in the party should be given a chance.
Let him post the next question.
CONGRATS SAMEER. :lol:
If he does not post his answer by tomo 12 i request John to post the question. 8)
Regards,
Lavanya.
From India, Madras
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