SMB Hub: September 2024
Your one-stop shop for all things small & medium-size business and Human Resources. Keep up with the latest industry trends, access helpful tools, and stay in the know.?
In this edition:?
Costs and Benefits of an HRIS
It’s critical to do a cost/benefit analysis when reviewing any tool to use in your business.?An HRIS is no exception. Understanding the ROI and costs of your HRIS is the starting point for optimizing your HR outsourcing. Doing this analysis gives you a sound estimate of what a strategic investment in an HRIS could mean to your company. Learn more here.
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The Complete Guide to Outsourcing HR?
Did you know there are different ways you can outsource your HR? Four of the top solutions are hiring a consultant, finding someone with specialty services, an ASO, and a PEO. Depending on what your business needs, you might change the route you decide to take. Not to worry, we’ve put together all the major considerations you could have about outsourcing the?HR in your business in this guide.
ROI Calculator
Let’s get to the bottom line. What will the costs look like to outsource your human resource function in your business? Many factors go into determining HR outsourcing costs, depending on the nature and size of your business and which functions you want to outsource. The ROI calculator puts together all those variables to get you an estimate on what you can expect from outsourcing your HR.
Benefit Basics: Plan Types
Get to know the different options for benefit plans and the pros/cons of each type. Which ones were unfamiliar to you? Which one is the best fit for you?