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Benefits of Outsourcing HR Functions

As the economy begins the long recovery process after the turbulence of the past couple of years, businesses across the country continue to look for ways to cut costs and boost their bottom line. Rather than slashing prices, laying off employees, and scaling back inventory, many companies are discovering the fiscal advantages of outsourcing their HR functions, prompting a spike in demand for Human Resources Outsourcing (HRO)
providers. According to a study led by Gartner, a technology research company, the HRO market is expected to expand by nearly 25% by 2010..

ICSB Logo
International Council for Small Business (ICSB), which was founded in 1955, was the first international membership organization to promote the growth and development of small businesses worldwide. The organization brings together educators, researchers, policy makers and practitioners from around the world to share knowledge and expertise in their respective fields.

SHRM logo
Society for Human Resource Management (SHRM) is the world's largest association devoted to human resource management. Representing more than 210,000 individual members, the Society's mission is to serve the needs of HR professionals by providing the most essential and comprehensive resources available.

Pharm Checker Logo
PharmacyChecker.com was founded in 2003 by a medical doctor to help consumers safely save money on medication. It independently checks the credentials of online pharmacies and lets you easily compare drug prices. Its online pharmacy verification program is the largest and most accepted -- referenced by AARP Magazine, Smart Money, and Consumer Reports. Google, Yahoo! and MSN require PharmacyChecker.com verification of their online pharmacy advertisers.

Destination RX logo
DestinationRx was established in 1999 to provide consumers with Internet-based tools that help them make better healthcare decisions for themselves and their families. The company's clients include the Centers for Medicare and Medicaid Services, pharmacy benefits managers (PBMs), large health plans, Fortune 100 employers, advocacy organizations and individual consumers. Through these clients and DestinationRx.com, they offer decision support tools such as price comparison, plan comparison and purchasing options for prescription drug and other healthcare transactions.

Web MD logo
WebMD provides valuable health information, tools for managing your health, and support to those who seek information.

Salary Expert Logo
SalaryExpert.com provides free compensation tools including Salary, Executive and Cost of Living Calculators. They are an affiliate of ERI Economic Research Institute, which was founded in 1987 to provide compensation, benefits and HR research for private and public organizations in the form of published reports and software database products.



U.S. DEPARTMENT OF LABOR LINKS

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Home Page: The U.S. Department of Labor is charged with preparing the American workforce for new and better jobs. DOL is responsible for providing a wealth of useful information on the topics of labor.

Compliance Assistance: The U.S. Department of Labor (DOL) is committed to providing America’s employers, workers, job seekers, and retirees with clear and easy-to-access information on how to comply with federal employment laws.

Topics: Based on customer feedback and commonly searched terms, this page provides a shortcut to the information and services the Department of Labor offers on various labor and employment topics, such as disability resources, wages, and labor relations.

 

News Update

New Studies Releases Reflect on Cost Saving Options for Small Business Health Insurance

March, 2010. Multiple articles have recently been published on the cost saving advantages associated with High Deductible Health Insurance and Health Savings Plans. For more information on how these programs are lowering costs for small business, check out the reports in the MBO Newsroom.

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