The human resources department of your business is, perhaps, the one department that has a hand in the organizational aspects of every single department throughout the company, and HR team members usually have an incredibly varied and multi-faceted working day.
As such, looking for ways to streamline the department whilst avoiding having to compromise on one or more areas can only be positive, and with this in mind, here are the top three ways to streamline your HR department.
Unification of Healthcare Packages
First and foremost, one of the most complicated and multi-faceted aspects of any human resources department, regardless of the exact nature of the industry that the company operates in, is employee benefits and healthcare packages.
So, therefore, one of the most effective changes you could possibly make in order to streamline your HR department is related to the provision of one card which encompasses any and all healthcare benefits for your team.
OTC cardholders benefit from everything from chronic care health packages to food delivery services while recovering from an illness at home, which can all be accessed through just one card.
HR benchmarking is a crucial practice for organizations looking to enhance their human resources processes and stay competitive. To ensure effective benchmarking, there are several aspects to consider, the most important is identifying the right metrics and key performance indicators (KPIs) to measure against industry standards. This involves understanding the organization’s goals and aligning them with relevant HR benchmarks to gauge performance accurately. By following a guide for HR benchmarking tips, organizations can leverage HR benchmarking as a powerful tool for driving growth and enhancing their talent management practices.
Another useful and practical way of simultaneously streamlining the department and also allowing employees working within the area to be able to focus more directly on pressing matters within the business is to consider outsourcing.
Outsourcing one or more core HR functions, whether this is employee payroll, legal compliance, training, and development, or even records and file maintenance will provide you with numerous benefits.
The two core advantages of choosing to outsource, however, relate to risk management and cost reductions, with the former ensuring that your company is operating entirely within the brackets of legal compliance and the latter due to cost savings in staffing and hours.
Other key benefits of outsourcing include:
- The ability to grow and expand the business on a budget
- Unprecedented access to global talent
- 24 hour, 7 days a week services
- An impressive increase in productivity
- More complete control over new policies and procedures
Adopt a Shared Services Model
The third most impressively helpful way of streamlining your human resources department is related to the adoption of a more comprehensive shared services model.
Certainly more applicable for medium to large-sized businesses, a shared services model will allow both your HR employees themselves and indeed, you and the other senior members of the company, to focus much more on the “bigger picture”, rather than having to involve yourself with day-to-day considerations.
There are a staggering number of advantages to making the move to a shared services model, including the reduction of charges in terms of accommodation and the ability to lever economies of scale and cut down the number of employees assigned to a task.
Other key benefits of shared service models include reducing the costs associated with transactions without compromising the quality of the services you provide and the heightened levels of efficiency as services are provided in a more tailored manner.