Factors to consider when outsourcing your HR function

Outsourcing of HR functions could be beneficial for a company on many levels, from cutting down on costs, improving HR processes, increasing productivity and many more. There are many human resource companies in Singapore providing a myriad of services and there has been an increase in companies outsourcing their human resources services in Singapore recently due to their need to focus on the vital core processes to recover after Covid-19.

Let’s take a look at some factors to consider in your decision to outsource your HR functions.

1) Costs

Besides just contemplating on the consequences of outsourcing your HR functions, do also factor in the costs your company can potentially save! Without the need of incurring ongoing fixed costs and the maintenance of an in-house team, your company can reallocate resources to focus on core business processes – improving the company’s performance overall.

2) Size & Industry

It is necessary to identify a human resources solutions provider that is able to accommodate the size of your company and are experts in the industry you are in. There are niche human resources outsourcing services that solely cater to big and small companies that are in various fields. Finding the right provider ensures compatibility with your company as well as access to relevant market insights & data from industry experts.

3) Functions

Human resources outsourcing services encompass a wide array of HR processes from payroll, recruitment, retention, to even training. With all the different processes, it is important to consider whether your company requires outsourcing for certain processes while managing others internally, or just outsourcing the entire HR process altogether.

4) Scalability

When looking at HR consulting firms in Singapore, it is fundamental to take into consideration the scalability of the HR company. Ideally, you would want to work with an agency that has the potential to grow with you.

5) Agency Reviews & Track Records

After considering the other factors, it is time to look at the HR recruitment agencies in Singapore. The best indicators to use as a gauge for an agency’s reputation are its reviews and the companies that have engaged them. Another important thing to take note is the consultants they have in their company.

With all these in mind, HR outsourcing in Singapore is outwardly simple but identifying an agency that complements your company will require some research. It is also a huge advantage to work with a global agency due to their knowledge in multiple markets.

Take for example, Talent Spot, a HR agency in Singapore specialising in Asia Pacific markets.

Talent Spot has branches and partners across 8 countries in Southeast Asia with over 700 employees. As a leading HR service company, Talent Spot upholds its reputation by providing one of the most extensive and personalised HR outsourcing service to many reputable companies. With their expertise in labour laws, recruitment, payroll, employee benefits & relationship systems, policies and many other HR processes – their wide-ranging and in-depth experiences makes it one of the top HR and payroll outsourcing companies in Singapore.

Talent Spot is also known for its ability to achieve recruitment requirements from clients in a short span of time. They successfully sourced and hired more than 100 professionals in the span of 3 months. There was also a low turnover rate of less than 8% due to their extensive database – sourcing only for the relevant candidates. Talent Spot has also won several awards, with one giving recognition as the “Recommended HR Supplier in Asia-Pacific Region”.

For more information on HR outsourcing services, contact us today.