Outsourcing Human Resources (HR) operations is a hot-button topic with many senior Banking, Financial Services, and Insurance (BFSI) industry executives.
Indeed, outsourcing some HR operations can free up resources, cut costs, boost process efficiency and help channelize resources to mission-critical activities. But the decision to outsource is far from straightforward, requiring several complex considerations relating to sourcing, program administration and risk control.
This report explores outsourcing of HR in the BFSI sector; whether it makes sense for different types of financial services firms to consider partial or complete outsourcing of the category, which aspects to outsource, and to which outsourcing partners.
- Critical distinctions between offshoring and outsourcing
- The case for outsourcing HR — and pro tips to get it done
- Important program-related considerations
- How to select the right contingent staffing model
Read it now for some expert guidance to help inform your outsourcing decisions and strategy.