RESEARCH HYPOTHESIS:
H0: There is no significant relationship between HR Outsourcing and HR cost reduction of the Company with respect to the overall Corporate strategy.
H0: There is no significant relationship between the nature of HR activities that are outsources and its impact on reducing the corporate HR activities.
H0: There is no significant relationship between conducting an in-house benchmark analysis before HR Outsourcing and the extent of the HR Outsourcing objectives being achieved.
RESULT AND DISCUSSION:
HR activities that could be outsourced by an IT Company includes- Benefits, pension, payroll, recruiting, compensation and training. Through the major objectives behind HR outsourcing is cost effectiveness, there are several other reasons identified such as -factor cost advantage, utilisation improvement, economy of scale, superior competency and business risk mitigation, process integration. The HR outsourcing objectives includes the following:
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HR cost reduction
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Reduction of overall corporate HR activities
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Management time is saved
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It saves money
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It provides better services
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It helps in concentrating on core businesses
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It is very flexible in operations
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It eliminates administrative burden
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It provides promptnes and organisational transformation.
The following points were arrived at conclusion:
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There is significant relationship between HR Outsourcing and HR cost reduction of the Company with respect to the overall Corporate strategy.
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There is significant relationship between the nature of HR activities that are outsources and its impact on reducing the corporate HR activities.
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There is significant relationship between conducting an in-house benchmark analysis before HR Outsourcing and the extent of the HR Outsourcing objectives being achieved.
CONCLUSION:
