Human Resources Department: from Regulating Human Affairs, to Managing Figures
August 11, 2021
HR departments now need to thoroughly understand Profit & Loss, full landscape of business’ profits if they want to be the “tactician” in the eye of the employer.
If in the past, HR department’s tasks only “revolved” around managing internal human capital, then in the present, those specialists need additional skills in expenditure control and P&L management to assist in planning effective human investment strategies.
In order to ensure “winning heart – winning profit”, HR team need support from services and technology. One of the solutions is to use a payroll outsourcing service to handle calculating salary for employees, which will help HR specialist increase profits from payroll and have more time to invest in strategic plans.
Payroll Outsourcing is a solution for HR to contribute to increasing the company’s profits, as well as supporting leaders to predict the picture of ROI when investing. Especially in COVID-19 pandemic, when businesses are tightening their budget and every expenditure must be worthy, leaders are always welcome a good idea to optimize profits from HR team.
Beside the figures, HR needs to widen their perspective to be flexible in using resources. Instead of “raising troops” – which cause budget pressure to businesses, HR can opt for HR Outsourcing services to immediately have “reinforcement”, saving time and costs. In addition, the application of technology to human resources management will help business operate smoothly and proactively in the digital transformation race. For instance, the cooperation of Talentnet and PeopleStrong will provide HR managements with technology, which not only benefit the businesses in the profit game, but also ensure smooth operation in the digitalization trend.
The current situation, while bringing HR departments numerous challenges on managing personnel, yet it opens various opportunities when HR teams are provided many services such as HR Outsourcing and Payroll Outsourcing. Given if HR departments can fully utilize these resources, then they can quickly complete dual goals of “winning heart, winning profits”, and acquire advantages for businesses on the growth track.