MANAGING BENEFITS – TO OUTSOURCE OR NOT TO OUTSOURCE?
hould my company outsource benefits administration? You may have clients ask this question. It’s a legitimate question to ask when considering ways to streamline your business operations. Human resources departments are often considered overhead, so outsourcing one or more responsibilities in this area can open up that highly valuable department and improve return on investment.
40 | CALIFORNIA BROKER
By MIKE EHRLE
OUTSOURCING BENEFITS – A DEFINITION Before weighing in on whether or not a company might outsource benefits administration, let’s get a general understanding of what we perceive as outsourcing. When deciding to outsource benefits, a company partners with an outside firm to take on specific human resources responsibilities, such as payroll and/or benefits administration. - CalBrokerMag.com -
The outside firm acts as an extension of the existing HR department, relieving them of these time-consuming responsibilities in order to focus on managing processes, meeting compliance requirements and improving the quality of the employee experience with the company. ADVANTAGES OF OUTSOURCING Selecting an outside firm to manage DECEMBER 20177
California Broker December edition