Not convinced you need an HR disaster recovery program? Consider this. In addition to the intangible costs of low morale and lost information associated with key employee turnover, you’ll also incur thousands of dollars in monetary costs. Separation processing, replacement hiring, training, lost productivity, lost business — these are all costs you can avoid by simply planning ahead and protecting your HR interests.
HR outsourcing is a strategic move to improve the quality and flexibility of your workforce, while improving your organization’s ability to accommodate change and stay ahead of market forces. Today, many companies are outsourcing their human resource functions. The benefits affect owners and executives, HR directors and employees and can include cost savings, skilled manpower and advanced technology. Human resource outsourcing has certain short-term as well as long term benefits.
The short-term benefits include low HR management costs, the ability to focus on core business competencies, access to specialized manpower at affordable costs, improvement of risk management, increased productivity, precise process management and more. The long-term benefits include expected results-based budgeting for the outsourced function for a particular period and better management of the business operations.
Odyssey OneSource offers the most comprehensive and flexible solutions in the HR outsourcing industry and has a proven track record of delivering HR outsourcing services on an integrated basis with HR consulting expertise.
BENEFITS TO OWNERS & EXECUTIVES
- Reduce Liability - A single poorly handled employee incident can imperil your entire organization. Issues from wrongful termination to a hostile workplace need never be an issue in an organization that is doing all the little things necessary to prevent them. The problem is many organizations are not aware of their responsibilities, and this can lead to disaster. Our clients sleep well at night knowing that these things are being professionally and competently handled.
- Increase Employee Productivity - Odyssey OneSource implements strategic performance management plans for every employee in your organization which are aligned with your business goals. We then put systems in place to monitor, report and review the performance of each member of your team. Employees appreciate knowing exactly what is expected of them, and will rise to exacting standards when they know their performance is being measured and reviewed.
- Decrease Total Cost of Labor - Odyssey OneSource will analyze your entire cost of labor from benefits, worker’s compensation, recruitment, administration, low productivity and more, and find the places where your organization could be more efficient. Depending on the size of your firm, that could mean hundreds of thousands of dollars a year in savings.
- Increase Profits - Odyssey OneSource’s strategic human resources solutions lower your overall cost of labor, and our performance plans and metrics mean your entire organization will be operating at higher levels of output.
- Strategic Decision Making - Making good decisions requires good information. Our HR systems management make strategic planning and efficient allocation of scarce resources much easier for our clients.
- Reduce Turnover - One of the biggest hits to your productivity and profitability is employee turnover. Keeping good employees happy doesn’t happen by accident. It is planned! Our clients benefit from thoroughly planned and proven HR administration that dramatically reduces turnover. From recruiting the best people, to designing effective compensation plans, to regular performance reviews to training and development programs, we can help.
- Focus On Business - In your organization there are things you love to do, and things you have to do. Let Odyssey OneSource handle the things in the area of HR that you have to do. So you can focus on what you love. Your business.
BENEFITS TO DIRECTORS
- People Not Paper - You got into human resources because of your dedication to your employees. But over time you spend more and more of your time on paperwork. It doesn’t have to be that way. Our proven systems reduce the paperwork dramatically. Get back to what matters – your employees.
- Reduce Workload - Imagine what your career would be like if you could eliminate or dramatically reduce the paperwork. You would have more time to focus strategically, instead of stomping out fires. Our web based HRIS system includes full employee self-service functionality. Your employees can access payroll records, W-2s, benefits plans, performance reviews, company policies and more any time of the day or night securely over the Web. How much time would that save you every day?
- Manage With the Force of Facts - We provide HRIS reliable reports specifically designed to keep our clients informed of all information critical to doing your job. Good information is critical to making good decisions.
- Eliminate Headaches - There are certain aspects of HR that you just don’t like. COBRA? FMLA? Regulatory Compliance? We handle the things you don’t like so you can get back to focusing on your business.
- Keep Within Budget - You have budgetary responsibilities and keeping within budget is critical to your success. We provide budget tracking reports that help you stay informed. Furthermore, our solutions may help cut your costs. We will also improve your organization’s productivity, which means you will have to hire less people in the future to get the same output.
BENEFITS TO EMPLOYEES
- Benefit Plans - Our benefits plan design and administration provides enhanced benefits to your employees without significantly increasing costs. An attractive benefit and compensation plan is crucial to attracting the best people.
- Clear Expectations - Employees truly appreciate knowing exactly what is expected of them. When communication between management and staff is clear, everyone benefits.
- 24-Hour Access To Records - Your employees will appreciate being able to access important data online securely any time of the day or night. They can see their own payroll records, evaluations, W-2s, vacation time and more.
- A Better Workplace - The goal of any HR Department is to provide a friendly and challenging workplace for all employees. Employees who love their job and their company stick around and produce more.
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