Unlocking HR Advantages in the EU: Driving Improved Engagement
Before COVID-19, many companies shied away from HR Outsourcing under the assumption that doing so would hurt their employees' engagement. But the pandemic changed the whole perspective on the workplace. Hybrid and remote work is becoming more in demand, and the role of HR has to change drastically. That inspired many businesses, regardless of size, to embrace HR advantages and outsource HR tasks.
Keep reading to learn more about how outsourcing HR services affect employee engagement and why its advantages are a perfect solution for your businesses.
The Power of HR Outsourcing for SMEs
Recent research indicates that an engaged workforce achieves 17% higher productivity and 21% greater profitability. Engaged employees work harder, stay longer with the company, and contribute more.
The goal every business has is to attract, retain, and maintain top talent. Those employees then become brand ambassadors, and they're the best marketing for their business. Thanks to them, the company becomes an “employer of choice” for other quality candidates.
In an ideal world, the HR department would spend time maintaining an engaged workforce through creative initiatives that fit into the organization’s culture and values. However, when working from the office, HR professionals are too busy handling day-to-day tasks and have no time for this.
As essential HR tasks are time-consuming, and in today's business world companies need fast solutions, HR Outsourcing services are a perfect way for SMEs to achieve efficiency and productivity. At the same time, it is cost-efficient for the business, and the quality can be even better than having everything in-house.
HR Advantages Shift Employee Engagement Strategy
When working from the office, it was easier to measure one’s engagement and to determine whether the employee was satisfied. When we were all forced to switch to remote work due to the pandemic, the HR department had to think of a new employee engagement strategy.
The biggest challenge for businesses when working remotely was maintaining or creating the company’s culture. This is filtered down from the top, and the HR department plays a crucial role in the process.
Luckily, technology allows employers to identify and navigate day-to-day operations and their impact. Once companies realized they could measure employee engagement even when they were not under the same office roof, HR Outsourcing advantages were more embraced.
Benefits of Having an HR Outsourcing Partner
The biggest pressure on the HR department currently is to increase the retention rate. And with the great resignation trend, that is quite a task. Having an HR Outsourcing partner will make hiring much easier for your company. According to the current research, 73% of employees who work for Outsourced HR partners recommend their company as a great place to work.
The main takeaway of having an HR Outsourcing partner is an in-house team that will bring HR advantages with a focus on building and nurturing your company's culture. And knowing that salary is no longer the only motivation for employees, but also the other benefits – HR Outsourcing can be a huge advantage that your business will have on the labor market.
In conclusion, when your HR operations are outsourced to the right partner that strengthens your company culture, brings quality HR practices, and streamlines onboarding and training processes, your employee retention rate will increase.
For more information, take a look at our blog, HR Outsourcing in the EU: Streamlining Human Resources.
Let's work together
EuroDev was established in 1996 in the Netherlands with a single, defined purpose to help mid-sized North American companies expand their business in Europe. So far, we have partnered with over 500 companies and helped them define and meet their European business goals.
Besides HR Outsourcing solutions, we provide our expertise in Sales Outsourcing and Digital Marketing services.
Disclaimer: While we strive to provide accurate and timely information, please note that HR policies and regulations can change frequently. It is recommended that you seek guidance from our HR consultants to ensure that the data presented here is current and accurate.
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