Reasons to Outsource - Percent Citing Very Important Rationale Focus on core competencies67.3 Save money61.1 Tap vendor domain expertise55.5 Focus on strategic growth37.4 Maintain/reduce headcount34.6 Redirect capital budget22.7 Reduce assets on books 7.6 Other 2.8 Source: CFO Magazine and AMR Research
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
HR Areas that can be outsourced Cheque Preparation Direct deposit and electronic Funds transfer Tax filings Tax and Social Security Payments Reporting Services Payroll Services Job Descriptions Compensation Design Applicant Screening Temporary Staffing Staffing & Recruiting Services Content design Training delivery Assessment & measurement Records management Training & Development Services Enrollment PF, ESI & PT Monthly remittances Return filings Settlement services Reporting Services Statutory Compliance services
Few of our clients EID Parry Cholamandalam Colgate Nestle Cavinkare Peerless Johnson Controls CUMI British Airways India Pistons HCL Infosys Park Hospital Magma Leasing First Flight Kone Elevators Philips
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because of introduction of one more new person in sales cycle – Interim Salesman / Pilot Salesman Dumb POP materials been replaced by lively manpower – Merchandisers
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
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: email@example.com@lycos.co.uk Website: http://www.geniusjobs.comhttp://www.geniusjobs.com
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