Human Resource Solution

Human resources solution that allows a company to obtain the services of a third party company to deal with its human resource HR functions. Human resource HR related activities can be outsourced to service providers located in offshore destinations such as Philippines, Romania, India, Pakistan and Latin America. In a downward economic environment, Human resources solution may actually be boosted, as companies look for ways to cut operating budgets while still not comprising on the output.

Types of Human Resource Solution

  • BPO (business process outsourcing)
  • PEO provider (professional employer organization services provider)
  • RPO (Recruitment Process Outsourcing)

Services Typically Offered Within the Human Resource HR Value Chain:

  • Recruiting
  • Payroll Outsourcing
  • Management of Employee Stock Option Programs and other Employee benefits outsourcing
  • Remuneration and Compensation Management
  • Performance Management
  • Relocation
  • Data Management

General Profile of Human Resource Solution Companies

  • Differences between human resource HR Solution companies are usually based on scale of projects, scope, geographic coverage and technology competence
  • Leading human resource HR Solution companies have strengths in global reach, brand and capability, strong business know-how and subject matter such as payroll outsourcing and employee benefits outsourcing
  • Leading human resource HR Solution companies tend to look to Pakistan, India and Philippines as the leading locations for offshore delivery of human resource HR Solution HRS services.

Advantages of Pakistan, India and Philippines as Hotspots for HRS (Human Resource Solution)

  • Dominate HRS market particularly in Financial Services
  • Highly skilled labor pool, including use of Information Technology for payroll outsourcing
  • Cost competitive
  • Good service culture, including servicing of employee benefits outsourcing
  • Improving infrastructure
  • English language proficiency

Challenges Faced by Human Resource Solution Companies

  • Scoping: Human resource HR Solution companies need to determine the appropriate scope to achieve scale and deliver service models and frameworks, be it for payroll outsourcing or employee benefits outsourcing
  • Recruitment and retention of talent: Human resource HR Solution companies need to grapple with the result of increasing wages in HRS hotspots
  • Speed of transition: Human resource HR Solution companies need to adjust to short timeframes and provide the appropriate corporate support whilst not crossing cultural boundaries.

        http://www.esquare.com.pk/comments.php?id=180

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