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Bringing HR to the Business strategy table Not on the table Using Outsourcing as the model

Bringing HR to the Business strategy table Not on the table Using Outsourcing as the model. As HR comes under increasing pressure to reduce costs and enhance its value to the business, demand for outsourcing services is expected to grow, and at a rate of 22% over the next five years.

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Bringing HR to the Business strategy table Not on the table Using Outsourcing as the model

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  1. Bringing HR to the Business strategy table Not on the table Using Outsourcing as the model

  2. As HR comes under increasing pressure to reduce costs and enhance its value to the business, demand for outsourcing services is expected to grow, and at a rate of 22% over the next five years

  3. Smart companies don’t try to perform all tasks by themselves Some complex tasks are: • Sales Promotion • Data Processing • Customer service • Payroll Processing • Statutory Compliance • Database management

  4. Instead of doing all tasks by themselves - • They discovered outsourcing • They assign some tasks to specialists • Such specialists are called…

  5. OSP Out Sourcing Partner

  6. Reasons to Outsource - Percent Citing “Very Important” Rationale • Focus on core competencies 67.3 • Save money 61.1 • Tap vendor domain expertise 55.5 • Focus on strategic growth 37.4 • Maintain/reduce headcount 34.6 • Redirect capital budget 22.7 • Reduce assets on books 7.6 • Other 2.8 Source: CFO Magazine and AMR Research

  7. Why Outsource? • Reduces and controls operating costs • Improves company focus • Gains access to world-class capabilities • Free internal resources for other purposes • Resources are not available internally • Accelerate re-engineering benefits • Function difficult to manage / out of control • Make capital funds available • Share risks

  8. HR Areas that can be outsourced Payroll Services Staffing & Recruiting Services Training & Development Services Statutory Compliance services Cheque Preparation Direct deposit and electronic Funds transfer Tax filings Tax and Social Security Payments Reporting Services Content design Training delivery Assessment & measurement Records management Enrollment PF, ESI & PT Monthly remittances Return filings Settlement services Reporting Services Job Descriptions Compensation Design Applicant Screening Temporary Staffing

  9. Few of our clients • British Airways • India Pistons • HCL Infosys • Park Hospital • Magma Leasing • First Flight • Kone Elevators • Philips • EID Parry • Cholamandalam • Colgate • Nestle • Cavinkare • Peerless • Johnson Controls • CUMI

  10. Benefits enjoyed by our Clients • Salary disbursement has been reduced to a simple task of BILL SETTLEMENT • All statutory records been maintained without pinch of headache • Sales have sky rocketed because of introduction of one more new person in sales cycle – Interim Salesman / Pilot Salesman • Dumb POP materials been replaced by lively manpower – Merchandisers

  11. Benefits enjoyed by our Clients • Better coverage of Marketing areas • HR is left to concentrate on core competency – Training, Development and Retention of Talent • Temporary Man Power needs are met along with statutory requirements • All ‘Casuals’ been regularized – No more ‘Petty cash’ voucher payments

  12. We are available for your service @ Genius Consultants Ltd II Floor, 49, North Usman Road T. Nagar, Chennai – 600 017. Ph: (044) 2815 7887 / ~7186 / ~6212 Email: modchennai@lycos.co.uk Website: http://www.geniusjobs.com

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