Payroll Management & HR Outsourcing
HRO is an established management practice in large and medium size organizations all over the world. It is foremost of BPO, Outsourcing is the contracting out of an internal business process to an outside organization. Outsourcing sometimes involves transferring employees and assets from one firm to another. (Wikipedia) HRO & RPO (recruitment process outsourcing) are considered HR tools of 21st century.
Russ Banham research appeared in HRO Today, leading magazine says, HR outsourcing is exploding on the business scene with the speed of light. Twenty years ago, Global 2000 companies performed 90% of the 21 identified HR functions in-house. Today, companies are moving fast to outsource most of these functions, with a few creating an end-to-end HR business process outsourcing (BPO) model. Another survey that depicts HRM trends in 2012 has reported that more than 48% organizations have adopted HRO as their strategy to cater increasing management cost and handle legal compliance.
Models of HRO by EXCEL SOURCES
There are two internationally recognized HR outsourcing models: Administrative Services Organization (ASO) and Professional Employer Organization (PEO). ASO offers partial outsourcing of HR functions and PEO provides complete HRM outsourcing with transfer of legal responsibility of HRM to third party.
HRO & RPO - Benefits to Our Partners
EXCEL SOURCES believes in professional relation that adds value to client's sustainability. Our outsourcing solutions help our clients to attain their goals. Most corporations have one HR professional for every 100 active employees, according to the Saratoga Institute, Hodges explains. An HR department that was trying to be efficient by itself through reengineering might get to one HR employee for every 150 active employees. But if you reengineer HR in conjunction with a third party outsourcing provider you should be able to get to a ratio of one to 300, marking a huge reduction in labor cost.
Excel's Approach to HRO
We are HR professionals; who have proven capability both at client- and supplier-side. The team is wired by web based technology to utilize best-in-class processes, IT applications and delivery model. This will optimize your back office transactional activity and your HR team can focus more on aligning HR strategy with corporate objectives and changing market place.
Excel believes in client focused solutions and offers both; ASO and PEO. This includes:
- Selective / Full HR functions outsourcing
- Offshore HR outsourcing
- Scalable solutions
- Recruitment service
- Pay-Roll Management and Regulatory Compliance