Is HR Outsourcing an Expense or Investment?
Is HR Outsourcing an
Expense or Investment?
By Jeniece Carter-Henson
The main goal when running your
self-storage business is to improve
your bottom line and offer a quality
product and service to your tenants. As
a business owner and manager, it is
crucial that you operate the company
as efficiently as possible by minimizing
expenses and maximizing results.
For self-storage companies working
with limited budgets, this may often
mean turning to third parties and
outsourcing some of your business
needs that you cannot afford either
financially or personnel-wise to handle
in-house. Choosing a trusted advisor
and deciding what to outsource can
be difficult. A Professional Employer
Organization (PEO) can administer
your Human Resource (HR) needs and
increase your self-storage company’s
efficiency while giving you peace of
mind that HR tasks are being handled.
A Matter of Time
When making the decision on whether
or not to outsource your HR solutions,
it can be difficult to justify what may
appear at first to be an added expense.
After all, there’s nothing stopping
you from either managing the HR
services yourself, or hiring dedicated
in-house professionals to do it for
you. However, while handling these
tasks internally may save you money
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in the short term, it is costing you an
equally precious resource: time.
Running a business places many
demands on self-storage owners
who are constantly being pulled
in multiple directions. Self-storage
owners need to determine the best
use of their time. Crucial hours
spent attending to administrative
HR tasks such as payroll or benefits
administration is time that you aren’t
addressing other direct business
concerns that can help your company
grow an [