Epimach Maritim

OutsourcingAn HR perspective…

What is Outsourcing?

The practice of having certain job functions

done outside a company instead of having an

in-house department or employee handle them;

functions can be outsourced to either a

company or an individual

An HR perspective…

Outsourcing has become a major trend in human

resources over the past decade. It's the practice of

sending certain job functions outside a company

instead of handling them in house. More and more

companies, large and small, are turning to

outsourcing as a way to grow while restraining

payroll and overhead costs.

Skilled employees are the foundation of true,

long-lasting competitive differentiation.

Companies have to attract and retain these key

resources, and manage them effectively. To help

them achieve high performance through

Human Resources (HR) excellence, more and

more companies are turning to business process

outsourcing (BPO) to ensure their HR function

operates at peak.

Outsourcing in HR Management

• Resourcing

• Payroll Management

• Pension/ Retirement Benefits Management

• Records Management

• Training/ Skill improvement

• Health Management

• Temporary staff cover

• Security/ Risk

• Non core staff

Outsourcing

Globally the trend has changed and

become complex – from basics like tea

and cleaning to complex shared services

Companies strive to be faster, leaner and

more focused on added value

Why Outsource

Outsourcing Strategy

What its Not ……..

Outsourcing isn't just a way to unload

noncore costs

Outsourcing Strategy

What it is …………….

The real play with outsourcing is to use it as a tool to:-

• drive strategic value

• transform businesses, and even

• fundamentally change industry dynamics

The key: Forget what you think you know about outsourcing.

To conclude

• Initially it was about pricing/costs; now its all a

notch higher and about performance/efficiencies

• Previously about the basic; tea, cleaning etc. Its

now about professional services – IT, Legal,

Medical

• Inter-provider Co-operation – several outsourced

providers (sometimes competitors) coming

together to work together and deliver solutions

• Service integration /Shared services