Human resource outsourcing

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Presented by… NEHA TIWARI B.B.A VI sem 1

ABOUT THE STUDY…!: 

ABOUT THE STUDY…! Objective of the study . 1.To study the concepts of human resource outsourcing 2. To study the trends in human resource outsourcing 3. To study the future of human resource outsourcing 4. To study different kinds of human resource outsourcing 5. To study a company and its HRO services 2 Scope of the study. The study will reveal about the benefits of outsourcing the HR services to the organizations. The study will reveal how HR outsourcing has become an important part of business in today’s time. The study will reveal how organizations having some HR related issues got to the solution of their issues by outsourcing the HR services. Research methodology . 1. Descriptive research. 2. Use of primary and secondary data. What to study? Human resource outsourcing: its concept, basics, merits, demerits, etc. Studying the example of an HRO vendor.

HRO Concepts…!: 

HRO Concepts…! It has been defined as work done for a company by people other than the company’s full time employees. 3 …HRO Process

Categories of HR Outsourcing Services: 

Categories of HR Outsourcing Services 4 5 categories 5 categories

HRO Trends in India…!: 

HRO Trends in India…! HRO is an evolving industry in India. With more and more companies looking to rationalize employees on their payroll, man power outsourcing is slowly becoming the new buzz in India. In India, the most common processes outsourced are related to training, payroll processing, benchmarking studies. 5

HR OUTSOURCING REASONS, BENEFITS…& DISADVANTAGES…!: 

HR OUTSOURCING REASONS, BENEFITS…& DISADVANTAGES…! 6 1. Reduce corporate robustness by changing support functions. 2. Require considerable care in coordinating information flow with the agency. 3. Reduce the organization’s learning capability by depleting its skill base. 4. Impair the Organization’s ability to integrate processes. 5. Compromise the organization’s control over the functions that are outsourced. 6. Damage morale and motivation as jobs appear to be lost. 7. Increase employees' insecurity, whether staff remain in the Organization or are hired by the agency. … DISADVANTAGES

Trends in HR OUTSOURCING Market…!: 

Trends in HR OUTSOURCING Market…! Specialization. Globalization. Standardization. Regionalization. Consortia buying. Mid market mania. Utility model evolution. 7

Studying with the help of example…!: 

Studying with the help of example…! As mentioned earlier, in the modern setting, outsourcing turns out to be highly complex and organizations use outsourcing vendors for a variety of reasons. Therefore, studying the concept of human resource outsourcing would be beneficial with the help of the example of a company/vendor which provides such services. One such vendor is Peoplestrong, one of the leading human resource outsourcing vendors of India. 8

PowerPoint Presentation: 

PeopleStrong is venture capital funded Company and investors include CXOs of top global companies such as Quatrro, IBM, Aditya Birla Group, Viacom etc. Within two years of its inception, People Strong was rated as emerging RPO Leaders from Asia by HRO Today magazine. Peoplestrong provide three basic HRO services, namely 1. Payroll management 2. HR consulting, and 3. Recruitment. 9

CLIENTS…!: 

CLIENTS…! 10

The FUTURE of HRO…!: 

The FUTURE of HRO…! Continued growth maturation of HRO. Increasing weight of non cost factors as decision drivers. Continued commodization of many HR functions. Development of new roles for internal HR departments. Emphasis on new career opportunities for HR professionals. Expansion of small/ mid sized HR outsourcing firms. 11

HRO IMPACTS…!: 

HRO IMPACTS…! 12

PROBLEMS WITH HR OUTSOURCING…!: 

PROBLEMS WITH HR OUTSOURCING…! Maintaining the continuity of skill supply and the retention of in-house knowledge and expertise. Concern for those firms, that operate in the upper end of the product market, is the loss of quality. Switching the HR services from in-house to an external provider inevitably causes disruption to the service continuity. 13

CONCLUSION…!: 

CONCLUSION…! Outsourcing for HR function must be viewed as a business imperative, not a luxury. The approaches and applications must be tailored to fit perfectly. The partnership must be nurtured and closely monitored. Also there is a critical HR issue of potential loss of expertise in certain areas, which may be difficult to recover-a danger of hollowing out of organization. Outsourcing is not a complete bed of roses. The stakes are high but so are the payoffs 14

SUGGESTIONS AND RECOMMENDATIONS…!: 

SUGGESTIONS AND RECOMMENDATIONS…! Outsourcing rests on the premise that activities which are core and central to the organization need to be performed effectively within the organization. Outsourcing of HR function has to be a part of an integrated business strategy for it to succeed. Companies like Peoplestrong plays a very important role in providing the required HRO services to various industries which has helped many organizations within that industry to focus on their core business activities. 15

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