How HR Outsourcing Attracts Top Talent

When hiring for an organization, many recruiters focus on finding individuals whose skills stand out from a pool of applicants. These talented individuals are also secretly vetting your company for its outstanding qualities.

And if you miss the mark, nothing will stop them from knocking on your competitor's doors. Ultimately, both parties must conclude that the other offers what they need – and at a timeline that fits.

In this post, we’ll discuss how HR outsourcing helps companies improve talent acquisition by improving what you can offer and creating better candidate experiences.

Attracting Top Talent with HR Outsourcing

So, how do you ensure that you attract top-tier candidates from job listings? Having an HR department burdened by payroll duties and other operational issues increases your difficulty because it bogs down your internal team from focusing on attracting talented workers. Working with an HR partner helps to reduce your internal team’s administrative burden, giving them more capacity to conduct outreach while improving the benefits you can offer new hires.

With the right HR outsourcing partner, the following tips ensure you always attract quality and talented individuals to your organization. 

Ensure Benefits are Competitive

High wages might be fundamental when attracting top-tier talent, but they're not the ultimate deciding factor in a competitive job market. Several surveys reveal higher employee job engagement and satisfaction when employers include non-pay benefits for employees. Indeed, many high-earning employees shift their priorities from pay to other compensation aspects like; 

• Healthcare 

• Club memberships 

• Paid time off 

• Flexible working hours 

• Telecommuting opportunities 

For more affordable access to quality benefits, HR partners provide access to their employee benefits schemes purchased by experts using economies of scale. It grants you access to Fortune 500 benefits at a price you can afford. And more talented employees have a reason to join your organization. 

Offer Retirement Plans 

Retirement plans help you attract and retain employees who are crucial to your organization's success. 401(k) plans are the most common retirement savings plan for many employers. Employees sign up for automatic deductions on their paychecks in exchange for tax breaks, and some employers offer to match their contributions. All savings go to an investment fund chosen by the employee.  

However, managing employer-sponsored retirement plans is challenging when you're a small or mid-sized enterprise because of high administrative costs. An HR partner can help you overcome this challenge through a cost-saving co-sponsored plan. Your HR partner assumes fiduciary liability, saving you from legal troubles and pools in other organizations to provide a more affordable 401(k) plan. 

PEO-sponsored retirement plans guarantee the long-term stability needed to attract top-tier candidates. Pooling funds from different organizations expands their ability to make more profitable investments. 

Provide Comprehensive Safety Planning

Workplace safety is an important part of employee attraction and retention. Creating a safe work environment builds trust and makes employees feel valued, inspiring them to deliver their best services. Besides attracting top-tier candidates, workplace health and safety programs unleash the following benefits: 

• Enhanced compliance with labor regulations 

• Increased employee productivity and overall company profitability 

• Reduction in worker compensation claims 

• Decreased absenteeism from work-related injuries and illnesses 

• Decreased employee turnover 

• Enhanced corporate culture 

Employers need to evaluate and mitigate potential hazards, entrench a safety culture within the organization, and conduct regular training. PEOs help with workplace risk assessment and safety management. They can help you implement a safety program that offers peace of mind for your workers and ensures that you attract more qualified individuals to your team. 

PEOs also offer worker's compensation coverage and claims management solutions. They provide training solutions and offer guidance on OSHA compliance, ensuring that you recruit and retain employees who will help your company grow and prosper.  

Maintain Compliance to Protect Your Reputation 

Reputation is your biggest asset as a business, and you need to guard it jealously. It defines the expectations of prospective customers and employees when dealing with you. Firms with a strong reputation attract better candidates, and they're perceived to be more stable and profitable.  

A company's reputation is an intangible asset that rarely appears on the balance sheet. Industry practitioners believe up to 63% of your company's value is intangible reputation. It is responsible for sustained earnings and future growth, often allowing you to charge a premium for your products.  

While building a company's reputation takes years, miscalculated recruitment practices can destroy it in minutes. In a world where social networks have blurred the lines between private and professional lives, one wrong post by an employee could dent your reputation. It explains why you need to engage seasoned HR outsourcing experts to help shape HR best practices.  

Invest in Quality Company Culture

What is the first impression that job-seekers get when they research your company? Often, a company's brand reputation is reflected in its corporate culture. Culture defines how things are done in your organization, and it directly influences how employees conduct themselves and how comfortable they feel at work.  

Company culture has tangible aspects like employee dress codes and office layout. It's also present in shared beliefs, core values, and workplace relations. Great corporate culture will always reflect on your financial books because it boosts employee morale and productivity. 

You will struggle with recruitment if your corporate culture doesn't motivate employees to bring their best selves to work. Luckily, however, the culture can be rebuilt with consistent investment. A culture-first recruitment process ensures you find candidates who fit into your organizational culture and leave great initial impressions on them. 

Earn Top-Tier Candidates  

Often, job-seekers won't hear about your opening until it's posted on a jobs board. But this makes it even harder to find the right candidate from thousands of applications. Ideally, you would want to create a listing that lets candidates determine for themselves whether they're the right fit for the role.  

You might already have all the listed tips in place. However, partnering with HR outsourcing partners ensures that you package this information in a way that attracts top-tier candidates. Partnering with a reputable HR outsourcing solution brings your benefits on par with what employees would get with large companies, making it hard to turn down an offer.