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Showing posts with the label HR Outsourcing Services(HRO)| Pros and Cons

HR Outsourcing Services(HRO)| Pros and Cons

HR Outsourcing Services(HRO)| Pros and Cons
Sometimes a company decides to change its structure, in such a way, that it no longer performs certain tasks which are not its core business. Instead, the company hires or collaborates with other companies which can then perform these functions(wiki)
When the term outsourcing is used for Human Resources Services, it is called Outsourcing of HR Services. Outsourcing human resources are gaining popularity with companies that can’t afford or do not want to hire an extra person or a team for particular functions such a payroll or benefits administration. The most commonly outsourced HR Services and HR Functions are: 401(k) administrationRecruitment Function – known as RPO – Recruitment Process OutsourcingPre-employment screening/verification Background CheckingFlexible spending account administrationEmployee assistance programsHealth care benefits and COBRA administrationTemporary staffingPension benefits administrationRetirement benefits administr…