Challenge or Problem?
The real challenge for any small- and mid-sized manufacturing company is having to compete with the big players in the market. Trouble creeps in when that challenge turns into a struggle with parallel pressures of optimising operating costs, controlling high attrition rates and sourcing / management of skilled manpower.
Background
Independent surveys conducted worldwide indicate the following:
- Well over 50% of small business owners start out by managing HR activities internally
- Approximately 40% of small business owners find bookkeeping and payroll compliance to be the most difficult part of owning a business
- 43% of companies consider payroll inaccuracy as a reason to outsource payroll
Avoid Adding Further Risks to Your Business
Companies that try to internally manage crucial functions like human resources, time & attendance, rostering, scheduling and payroll often end up adding more risks to the business. The reason is newer entities that set out to manage HR, payroll and workforce – without dedicated industry professionals for each of those functions – often get caught up in process / system complexities, scaling / integration issues and compliance demands.
Significance of Managed Services
It is, therefore, universally accepted that to stay ahead in business, companies need to sustain a consistently superior level of performance that can only be possible with a skilled, industry-ready team like TRC (powered by T3) that is qualified to handle every aspect of the HR, payroll and workforce management portfolio.
Why Us?
We are best equipped to help you leverage our service as well as system advantages to stay ahead of competition.
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