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Subjective assignment 2 human resource outsourcing

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Neerja Anand
Neerja Anand

These slides talk about What is Human Resource Outsourcing, its importance, advantages & disadvantages and how it is different from Professional Employee Organizations.

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Subjective Assignment 2 of MOOC on Academic Writing (UGC) Course Name: Academic Writing Submitted by: Neerja Anand Application No:02238582e5b111e9bb57a75bde6cd064 Affiliation: IMS Noida
ACKNOWLEDGEMENT DR. AJAY SEMALTY CC BY SA NC
HUMAN RESOURCE OUTSOURCING Learning Outcomes: To learn about HR Outsourcing Firms Functions of HR Outsourcing Firms Difference between Human Resource Outsourcers (HRO) & Professional Employer Organizations (PEO) Advantages & Disadvantages of HRO CC BY SA NC
WHAT IS HUMAN RESOURCE OUTSOURCING (HRO)? HR Outsourcing is basically the allotment of specific HR activities to a more specialized third party service provider. HRO is a strategic move for your organization that frees you and your team from non-core activities and helps you and your team to focus on the value you generate for your customers. HRO includes all or parts of HR practices and is tailor made fit to specific organization. CC BY SA NC
FUNCTIONS OF HR OUTSOURCING FIRMS Onboarding From Joining Formalities to Document Check to Payroll Set-up Data Management & Ongoing Transactions-Employee Letters Leave Management, Employee File & Record management Payroll Management Benefits Administration Statutory Compliance Management & Coordination- Online Tools Employee Benefits Management (PF/ESCI/Leave Benefits / Insurances etc..) Various Labour laws compliances as per applicable acts Getting different labour licenses Facilitation of Compliance Audits CC BY SA NC
HR Helpdesk Set-up- Email/Phone/Web as per the fitment Training Administration and Management PMS- Performance Management System- Administration and Coordination Exit & FFS Activities CC BY SA NC
HRO: HUMAN RESOURCE OUTSOURCERS VS. PEO: PROFESSIONAL EMPLOYER ORGANIZATIONS HRO Firms can: Address all or only a few human resources tasks Companies can choose which responsibilities to outsource and which to manage in house. Most HRO company offers services individually so that client can pick & choose which HR responsibility they want to outsource. HROs can manage: payroll, benefits administration, training, risk management & recruitment CC BY SA NC
PEOs PEOs are agencies that provides services under which an employer can outsource all employee management tasks. A hired PEO becomes a co-employer with a client company. PEO serves as the administrative employer, while the client business acts as the on-site employer. PEO assumes all associated liabilities and legal responsibilities for its clients. Since PEO is the employer-of-record, it is responsible for federal and state taxes, as well as workers compensation. CC BY SA NC
BENEFITS OF HR OUTSOURCING 1. Lowered costs- lowered overhead and other labour costs by allowing HRO to handle the paperwork and mandatory training. 2. Reduced liability- reduce company liability that comes with hiring & firing 3. Improved office performance- by setting more descriptive job qualifications and expectations with insight from an HR team 4. Increased company efficiency by allowing employees to focus on the business instead of payroll and paperwork. 5. It has been argued that outsourcing relationships can create partnerships between contractors and clients that may facilitate learning and cross fertilization between the two firms CC BY SA NC
DISADVANTAGES 1. Secondary costs- such as training or orientations are sometimes hidden. 2. Candidate quality- may not be up to the company standards, without clear and continuous communication 3. Company culture- could be affected if the HR firm doesnt have a clear understanding of your office dynamics. 4. Training time- can be more extensive through the outsourced company than it would be in-house. CC BY SA NC
5. Impact on In-house HR Professionals- Impact on line managers Impact on Employees Receiving HR Services As a result, it may actually be more costly for the organization to acquire the HR services from the external provider when all the indirect costs (both financial and emotional)that may incur in-house are calculated. This is especially true for large organizations in which employees are highly professional and highly paid CC BY SA NC
HR Outsourcing Companies in India AON Hewitt ABC Consultants Manpower Group Peoplestrong Adecco Ranstad OBOX HR Solutions, etc. CC BY SA NC
REFERENCES: Bettis, R.A., Bradley, S.P., Hamel, G. (1992), "Outsourcing and industrial decline", Academy of Management Executive, 6(1):7-22. Bounfour, A. (1999), Is Outsourcing of intangibles a real source of competitive advantage?, International Journal of Applied Quality Management, 2, 127-151. Greer, C.,Youngblood, S. and Gray, D. (1999), Human Resources Management Outsourcing: The Make or Buy Decision, Academy of Management Journal . Hewitt Associates, LLC SWOT Analysis, Jun2007, p1, 8p; (AN 25629859) Jennings, D. (2002), Strategic Sourcing : Benefits, Problems and a Contextual Model, Management Decision, 40(1) : 26-34. Jennings, D.R. (1996), Outsourcing Opportunities for Financial Services, Long Range Planning, 29(3):393-404. Quinn, J.B., Doorley, T.L., Paquette, P.C. (1990), "Technology in services: rethinking strategic focus", Sloan Management Review, Winter: 79-87.. Ramachandran K and Voleti S (January-March 2004), Business Process Outsourcing (BPO): Emerging scenario and strategic options for IT-enabled services, VIKALPA, 29(1): 49-62 www.hewittasia.com/hewitt/ap/resource/articleindex/articles/print/delivery_dummies.htmL www. Hewitt.com www.aon.com www.outsourcing-centre.com www.outsourcing-hr.com/consolidation.html (The Impact of Consolidation in Human Resources Outsourcing; By John Harney, Business Writer; Publish Date: May 2004) CC BY SA NC
FEEDBACK ABOUT THE COURSE It is an extremely beneficial and important course for academicians like us since we are required to write research papers, articles and case studies for professional enhancement. Hence, it is important to have good academic writing skills The entire course content is well planned and designed in manner which enables step by step learning. Plagiarism and Journal and Author Metrics were the two modules I liked the most. I am definitely going to take suggestions from the current Academic Writing Course that Im attending. I sincerely hope to continuously strive to excel as a professional writer. I thank the coordinators of this course to have spent their time and efforts to compile these modules for the benefit of the entire professional community. CC BY SA NC

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Subjective assignment 2 human resource outsourcing

  • 1. Subjective Assignment 2 of MOOC on Academic Writing (UGC) Course Name: Academic Writing Submitted by: Neerja Anand Application No:02238582e5b111e9bb57a75bde6cd064 Affiliation: IMS Noida
  • 3. HUMAN RESOURCE OUTSOURCING Learning Outcomes: To learn about HR Outsourcing Firms Functions of HR Outsourcing Firms Difference between Human Resource Outsourcers (HRO) & Professional Employer Organizations (PEO) Advantages & Disadvantages of HRO CC BY SA NC
  • 4. WHAT IS HUMAN RESOURCE OUTSOURCING (HRO)? HR Outsourcing is basically the allotment of specific HR activities to a more specialized third party service provider. HRO is a strategic move for your organization that frees you and your team from non-core activities and helps you and your team to focus on the value you generate for your customers. HRO includes all or parts of HR practices and is tailor made fit to specific organization. CC BY SA NC
  • 5. FUNCTIONS OF HR OUTSOURCING FIRMS Onboarding From Joining Formalities to Document Check to Payroll Set-up Data Management & Ongoing Transactions-Employee Letters Leave Management, Employee File & Record management Payroll Management Benefits Administration Statutory Compliance Management & Coordination- Online Tools Employee Benefits Management (PF/ESCI/Leave Benefits / Insurances etc..) Various Labour laws compliances as per applicable acts Getting different labour licenses Facilitation of Compliance Audits CC BY SA NC
  • 6. HR Helpdesk Set-up- Email/Phone/Web as per the fitment Training Administration and Management PMS- Performance Management System- Administration and Coordination Exit & FFS Activities CC BY SA NC
  • 7. HRO: HUMAN RESOURCE OUTSOURCERS VS. PEO: PROFESSIONAL EMPLOYER ORGANIZATIONS HRO Firms can: Address all or only a few human resources tasks Companies can choose which responsibilities to outsource and which to manage in house. Most HRO company offers services individually so that client can pick & choose which HR responsibility they want to outsource. HROs can manage: payroll, benefits administration, training, risk management & recruitment CC BY SA NC
  • 8. PEOs PEOs are agencies that provides services under which an employer can outsource all employee management tasks. A hired PEO becomes a co-employer with a client company. PEO serves as the administrative employer, while the client business acts as the on-site employer. PEO assumes all associated liabilities and legal responsibilities for its clients. Since PEO is the employer-of-record, it is responsible for federal and state taxes, as well as workers compensation. CC BY SA NC
  • 9. BENEFITS OF HR OUTSOURCING 1. Lowered costs- lowered overhead and other labour costs by allowing HRO to handle the paperwork and mandatory training. 2. Reduced liability- reduce company liability that comes with hiring & firing 3. Improved office performance- by setting more descriptive job qualifications and expectations with insight from an HR team 4. Increased company efficiency by allowing employees to focus on the business instead of payroll and paperwork. 5. It has been argued that outsourcing relationships can create partnerships between contractors and clients that may facilitate learning and cross fertilization between the two firms CC BY SA NC
  • 10. DISADVANTAGES 1. Secondary costs- such as training or orientations are sometimes hidden. 2. Candidate quality- may not be up to the company standards, without clear and continuous communication 3. Company culture- could be affected if the HR firm doesnt have a clear understanding of your office dynamics. 4. Training time- can be more extensive through the outsourced company than it would be in-house. CC BY SA NC
  • 11. 5. Impact on In-house HR Professionals- Impact on line managers Impact on Employees Receiving HR Services As a result, it may actually be more costly for the organization to acquire the HR services from the external provider when all the indirect costs (both financial and emotional)that may incur in-house are calculated. This is especially true for large organizations in which employees are highly professional and highly paid CC BY SA NC
  • 12. HR Outsourcing Companies in India AON Hewitt ABC Consultants Manpower Group Peoplestrong Adecco Ranstad OBOX HR Solutions, etc. CC BY SA NC
  • 13. REFERENCES: Bettis, R.A., Bradley, S.P., Hamel, G. (1992), "Outsourcing and industrial decline", Academy of Management Executive, 6(1):7-22. Bounfour, A. (1999), Is Outsourcing of intangibles a real source of competitive advantage?, International Journal of Applied Quality Management, 2, 127-151. Greer, C.,Youngblood, S. and Gray, D. (1999), Human Resources Management Outsourcing: The Make or Buy Decision, Academy of Management Journal . Hewitt Associates, LLC SWOT Analysis, Jun2007, p1, 8p; (AN 25629859) Jennings, D. (2002), Strategic Sourcing : Benefits, Problems and a Contextual Model, Management Decision, 40(1) : 26-34. Jennings, D.R. (1996), Outsourcing Opportunities for Financial Services, Long Range Planning, 29(3):393-404. Quinn, J.B., Doorley, T.L., Paquette, P.C. (1990), "Technology in services: rethinking strategic focus", Sloan Management Review, Winter: 79-87.. Ramachandran K and Voleti S (January-March 2004), Business Process Outsourcing (BPO): Emerging scenario and strategic options for IT-enabled services, VIKALPA, 29(1): 49-62 www.hewittasia.com/hewitt/ap/resource/articleindex/articles/print/delivery_dummies.htmL www. Hewitt.com www.aon.com www.outsourcing-centre.com www.outsourcing-hr.com/consolidation.html (The Impact of Consolidation in Human Resources Outsourcing; By John Harney, Business Writer; Publish Date: May 2004) CC BY SA NC
  • 14. FEEDBACK ABOUT THE COURSE It is an extremely beneficial and important course for academicians like us since we are required to write research papers, articles and case studies for professional enhancement. Hence, it is important to have good academic writing skills The entire course content is well planned and designed in manner which enables step by step learning. Plagiarism and Journal and Author Metrics were the two modules I liked the most. I am definitely going to take suggestions from the current Academic Writing Course that Im attending. I sincerely hope to continuously strive to excel as a professional writer. I thank the coordinators of this course to have spent their time and efforts to compile these modules for the benefit of the entire professional community. CC BY SA NC