Question

In: Accounting

A company is considering outsourcing their HR function. The reliability of the firm the company is...

A company is considering outsourcing their HR function. The reliability of the firm the company is considering would be [a] consideration.

Solutions

Expert Solution

Outsourcing HR Services require following consideration in both the parties considering for Outsourcing their HR services and Provider of HR services. Understanding the facts only outsourcing the HR services. Human Resource Department is composed of HR and Payroll, where HR deals with the onboarding – off boarding and other documentary related maintenance, Attendance marking, Benefits eligibility and other events during the employment terms with the organization, whereas Payroll for regular payout, statutory deductions, payments benefits etc.

Simply outsourcing means the level of control ethics maintained by company HR shall also be adhered by the outsourced HR providers

1. Privacy norms and confidentiality

2. Absenteeism Rate

3. Attrition Rate

4. Employee Satisfaction Rate

5. Average Length of Service

6. Employee favorable Score

The Above mentioned are the metrics which are evaluated by the Principle Employer in respect of outsource HR service provider

The intent behind the such measuring are:

- The Level of satisfaction among employees

- Level of engagement of employees while delivering the employee services

- Employee turnover rate and other absenteeism rate

Above all theses factors any breach in terms of privacy shall fall in zero tolerance level, as dealing with privacy details of family, background, family details, medical details, all these factor should be take into account first above all, while determining for the outsourcing agency.

Thus the above discussion of privacy terms churn out into level of reliable information flow onwithin the organisation.


Related Solutions

Assessment brief/activity Your CEO is considering outsourcing the HR function in your organisation. You have been...
Assessment brief/activity Your CEO is considering outsourcing the HR function in your organisation. You have been tasked with Criteria highlighting the value of the HR function to the business. You are required to provide written answers to the questions below. Question 3 Evaluate the business case for managing HR in a professional, ethical and just manner. Assessment criteria 1.3 Evaluate the business case for managing HR in a professional, ethical and just manner. Guidance Here, you need to explain how...
Gizmo, Inc. is a diversified multinational manufacturer. The CEO is considering outsourcing the marketing research function...
Gizmo, Inc. is a diversified multinational manufacturer. The CEO is considering outsourcing the marketing research function to a global consulting firm. The consulting firm would charge a fixed annual fee of $1,100,000. At present, the costs of operating the marketing research department are $1,315,000 per year, as follows: Director salary $130,000 Staff salaries 800,000 Travel 105,000 Occupancy 75,000 Consultants 80,000 Executive VP 60,000 Overhead 20,000 Miscellaneous 45,000 The outsourcing firm would perform all duties currently performed by Gizmo personnel, as...
Gizmo, Inc. is a diversified multinational manufacturer. The CEO is considering outsourcing the marketing research function...
Gizmo, Inc. is a diversified multinational manufacturer. The CEO is considering outsourcing the marketing research function to a global consulting firm. The consulting firm would charge a fixed annual fee of $1,100,000. At present, the costs of operating the marketing research department are $1,315,000 per year, as follows: Director salary $130,000 Staff salaries 800,000 Travel 105,000 Occupancy 75,000 Consultants 80,000 Executive VP 60,000 Overhead 20,000 Miscellaneous 45,000 The outsourcing firm would perform all duties currently performed by Gizmo personnel, as...
What is Reliability? Why is it important in the context of HR selection? Explain in detail...
What is Reliability? Why is it important in the context of HR selection? Explain in detail your analysis.
A large, international bank is considering outsourcing all facets of the human resource function, including recruiting,...
A large, international bank is considering outsourcing all facets of the human resource function, including recruiting, benefits, payroll, employee training, and development, compensation, and information systems. Three potentially viable vendors have been identified. The internal audit function has been asked to review the vendor selection process and evaluate each vendor’s system of internal controls. Senior management has decided it wants a 10 equity stake in the company that performs the outsourcing function. The original terms of the agreement call for...
A large, international bank is considering outsourcing all facets of the human resource function, including recruiting,...
A large, international bank is considering outsourcing all facets of the human resource function, including recruiting, benefits, payroll, employee training, and development, compensation, and information systems. Three potentially viable vendors have been identified. The internal audit function has been asked to review the vendor selection process and evaluate each vendor’s system of internal controls. Senior management has decided it wants a 10 equity stake in the company that performs the outsourcing function. The original terms of the agreement call for...
What are some differences between outsourcing a non-core support function such as IT and outsourcing a...
What are some differences between outsourcing a non-core support function such as IT and outsourcing a core function like manufacturing? What if IT represents a competitive advantage? Should outsourcing IT still be considered? Is "Cloud" IT Outsourcing?
Aloka Innovative Business Solutions Pvt. Ltd, an HR outsourcing company based in Hyderabad provides temporary staff...
Aloka Innovative Business Solutions Pvt. Ltd, an HR outsourcing company based in Hyderabad provides temporary staff to ABC Management College, Hyderabad. The company entered into following transactions with ABC Management College and the hired employee. The company would provide an employee for the college at Rs.30000 per month. ABC Management College prepaid the amount for the period January to June 2015 in December 2014. The financial year for the company ends in December. Aloka pays salary of Rs. 20,000 to...
Which system, (a) or (b), has the higher reliability at the end of 100 operating hr?...
Which system, (a) or (b), has the higher reliability at the end of 100 operating hr? The higher reliability in the answer put it in the answer box using five decimals. (a) Three CFR components in parallel, each having an MTTF of 1000 hr. (b) A Weibull component with a shape parameter of 2 and a characteristic life of 10,000 hr in series with a CFR component with a failure rate of 0.00005.
Define outsourcing and offshoring. Compare and contrast the two as HR administrative tools. Give examples of...
Define outsourcing and offshoring. Compare and contrast the two as HR administrative tools. Give examples of the decision factors to consider when choosing one over the other.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT