HR Outsourcing is an agreement between KHANO and its Client (hereafter referred to as Employer) where the Employer transfers the management of, and responsibility for, certain or all HR functions. The options can be as specific as outsourcing one particular aspect of one HR function—such as applicant tracking for affirmative action purposes—or as broad as outsourcing the entire human resource department.
Benefits of HR Outsourcing:
Reduce time and resources spent on transactions and administration – Focus on Strategic Activities
Gain access to specialized HR expertise
Ensure regulatory compliance
Speed up response times on transactional HR functions
Access to Cloud-based HR Systems
Maintain updated HR Processes & Procedures
Functions that Employers can be any one or all of the following:
Compensation (e.g. Payroll, Job Evaluation, Executive Compensation Design)
Reasons for outsourcing this function:
Outsourcing to third-party administrators for payroll and related tax duties helps employers meet filing deadlines and deposit requirements.
Improve Customer Service
Access to Technology not available in-house
Desire for HR (if existing) to work more strategically and less transactionally
Workforce administration refers to the following set of HR functions and activities:
Development, maintenance and operation of HR information systems.
Employee and manager policy and procedure support.
Employee and manager self-service and customer service.
Employee data management and records retention.
Outsourcing workforce administration is often considered the foundation for the outsourcing of many other functional areas. Other functional areas within HR, such as compensation administration and performance management, are typically outsourced only in conjunction with workforce administration.
Through volume buying and economies of scale, KHANO can deliver program advantages that individual HR professionals may not be able to secure on their own. We can also manage the benefits enrolment process. Among the key services offered under benefits administration are: