Building an HR team can be a challenge. It starts with finding the right people, and then it turns into paying those people.
So where do you start?
Do you get experienced hands, or do you get young guns that can grow and adapt to your personal system? Do you need them in-house, or should you consider outsourced options?
Before you make your decision, you should look at the needs of your business. Being a B or C-suite business puts you in a position to invest your money wisely all of the time.
So let’s take a look at what it takes to house a human resources team and outsourcing one, especially when it comes to human resources training.
What You Need to Know About Human Resources Training
By now, I’m sure you know the cost difference of having an in-house human resources team and outsourcing human resources. Unfortunately, there are even more costs that can come along with building your team.
Should you choose to build an in-house human resources team, you will need to make sure you help them to stay up to date on the legal end. If there are any changes in the law, they need to make sure they are on top of protecting your business. In 2014, HR training cost a small business roughly $1200 per employee. Remember, that’s just the training sessions themselves. That isn’t including costs for getting them and other accommodations. Once you add it all up, the average small business training budget sits around $306,000 dollar. That was in 2014, and those numbers are only going up.
When you look at outsourcing your human resources department, you skip those costs. They place you outsource with is responsible for their training costs, so you don’t have to invest that large sum of money on HR training.
If you choose to build your HR team in-house, remember that outsourced HR departments are great places to get your team the HR training they need. Remember, the outsourced department is responsible for their training and being compliant. It’s a great way to jumpstart a new employee in your HR department too. From filing to administrative duties, outsourced human resources training can jumpstart their career in your HR department by guiding them with experienced hands.
Want to learn more? Contact Bell Solutions LLC.