5 Ways Outsourcing HR Is Taking the Load Off Australian SMBs
These days, outsourcing for SMBs is at an all-time high. They’re particularly turning to outsourcing HR solutions in order to streamline operations and allow themselves to focus on more important business activities. As companies grow, so do the challenges of workforce management. That’s why many SMBs find themselves stretched thin trying to handle HR responsibilities in-house, forcing them to look to external HR partners for help.
Here are five key ways that outsourcing HR functions is alleviating the pressure on Australian SMBs, helping them boost productivity and drive growth.
1. Screening candidates
Many SMBs lack the monetary or time resources to implement screening techniques and technologies. Outsourcing HR does the work for you. From efficiently sifting through large applicant pools to identifying top talent more quickly and accurately, an HR partner can fasttrack your screening timeline. This can reduce your time-to-hire, improve candidate quality, and make sure you have a compliant hiring process.
2. Conducting initial interviews
Many SMBs are finding that outsourcing HR is helping them streamline the initial interview process. Remote HR professionals can bring a range of expertise in conducting structured and efficient preliminary interviews, while being able to accommodate remote candidates. This can include sourcing and interviewing candidates and shortlisting the top talents to match the job description and requirements. A secondary form of candidate screening, HR partners conduct initial interviews to assess cultural fit, basic qualifications, and potential red flags, narrowing down the candidate pool. This will save you time and give you the opportunity to put your entire focus on final-stage interviews with candidates that show the most potential for your business.
3. Managing performance
In order to manage candidate performance, companies need structured systems for evaluation and development. External HR professionals can help you implement the performance management tools, systems and frameworks you’ll need, without having to exhaust internal resources. They can help you establish clear key performance indicators (KPIs), conduct regular performance reviews, and provide you with actionable feedback. Why is this helpful? Because it allows you to spot high-performers, address underperformance early, and create targeted development plans.
4. Taking care of payroll
There’s nothing like simplifying payroll management to take a load off your plate. Outsourcing HR can give you access to payroll software and the most up-to-date tax regulations and superannuation requirements. This will help you stay compliant and accurate for your employees, without needing to do the legwork yourself. From processing wages and handling tax withholdings to managing leave accruals and generating payroll reports, an external HR partner can save you significant time and money. Plus, having foolproof payroll operations means that pay is always accurate and on time, boosting employee trust and satisfaction.
5. Putting together a retention and engagement strategy
Outsourcing HR can give ongoing support, long past the hiring of an employee. With lots of experience and industry insights, remote HR professionals can help SMBs create tailored programs for their businesses. They can design and implement effective employee surveys, analyse feedback, and recommend targeted initiatives to boost engagement. Need help putting together competitive compensation packages? Career development plans? Recognition programs? They can help. These days, many SMBs are turning to outsourced HR partners to help them retain the top talent that they work so hard to get. How? By fostering a positive company culture through company-wide initiatives and events.
How can Buddle help?
The outsourcing partner you’ve been looking for, Buddle helps you find, hire, onboard, and retain high-calibre, remote professionals that are affordable. In short, they can help you outsource a powerhouse team for your business. Our simple, cost effective, and scalable business model has helped many Australian SMBs take a load off, while growing their business.