Compliance is not a revenue-generating function of a business. However, it is a component of successfully managing occupational risk and executing business strategies.
Good compliance arrangements normally result in better efficiency and business process efficiencies lead to reduced costs. HR compliance is a commitment of your business to follow the working standard set out by employment law.
Compliance outsourcing service is a function of business associated with compliance, which is being transferred to a third party vendor or provider located offshore rather than in-house compliance department.
Every organization must comply with the employment law, rules and regulations where they are based. HR compliance outsourcing plays an important role to achieve all these standards. Compliance outsourcing takes a proactive approach to ensure that an organization meets all of its legal obligations. This means HR compliance outsourcing agency is responsible for meeting safety and health requirements. Also, these agencies ensures that the employees must receive all their contractual and statutory workplace entitlements. HR compliance requires to stay on top of any employment law changes; gender pay reporting and rules for employing foreign workers. Deciding how an organization will meet these new compliance responsibilities is an ongoing task for HR.
Demand for compliance functions has raised the cost of maintaining compliance infrastructure. Therefore, demand for compliance outsourcing services has been increased as they are more cost-effective and expertise than in-house compliance department.
Statutory and legal compliance are necessary for the smooth functioning of any type of business. We have a dedicated Knowledge Management Office that supports your business to be legally compliant. We are a one stop Statutory HR and compliance service provider.
Easy Source adds value by helping you comply with the requirements related to Legislation, Regulations, Standards, Regimes and Guidelines affecting all business segments and reduces risk of non-compliance with auditable processes leading to minimal legal claims and penalties etc.
The team at Easy Source works to ensure that you are kept abreast of legislative updates to respond with agility to the constantly evolving landscape of statues and labor laws.
Easy source HR Compliance outsourcing areas of expertise include.
A functional HR department needs additional office space and experienced HR staff. Many small businesses can’t afford this expense and find outsource HR functions more cost-effective. HR outsourcing helps reduce costs and also, helps you avoid trying to financially maintain nonrevenue-generating back-office expenses.
HR outsourcing services help reduce business risks. It becomes difficult for companies to remain up-to-date with the latest business methodologies and technologies, as most of the laws and services keep getting updated regularly. Outsourcing agencies have HR professionals who keep themselves updated about the latest laws and services.
HR services are outsourced to ensure that HR department functions smoothly. For instance, if your business organization is facing an influx of information, you can always fulfill the requirements by outsourcing your HR services. This also helps your company to keep working as it always has. Flexibility comes as a key benefit of HR outsourcing.
When HR functions are outsourced to PEO companies, you get your services performed by the best talent and experienced people around the globe. This is one of the greatest benefits of HR outsourcing.
HR outsourcing helps you to manage employee development and performance. HR vendors implement performance-based management plans to ensure that employees are complying with company procedures policies and policies and successfully meet your business goals. Outsourcing agencies periodically monitor employee performance and report findings to management. This reduces the workload of managers by minimizing their administrative responsibilities.
As our economy improves, employers are looking for ways to motivate their employees. Outsourcing agencies provide employers the unique opportunity to offer their employees a comprehensive array of benefits that are typically available to only the largest corporations. These offerings include a massive range of great medical plans and voluntary benefits.