Do small businesses need HR & Payroll for business growth?
Independent surveys worldwide point towards the same challenges faced by small businesses:
- 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
Prepare for Shifting HR & Payroll Demands
There have been major discussions on the need for a proper HR & payroll set-up within small to medium-sized businesses (SMBs). Recent times have seen more and more new businesses outsourcing hire-to-retire processes or at least one part / section of their HR operations. The reason is simple.
In a post-pandemic scenario, the need to focus on your business’ key growth drivers becomes extremely important. It is not just a game of survival anymore. It is about protecting your dream.
You may have been busy. However, if you have been wrestling with HR and payroll issues, chances are your staff may have been busy but not productive.
Bring the Focus Back on Your Business
Some things are best left to the experts. Human Resources & Payroll is one such area.
Today, HR is one of the most analytical / problem-solving functions in business. It is no longer limited to administrative tasks. In fact, the role of HR today is measured by its ability to drive recruitment, employee well-being and retention while being a strategic partner in your company’s growth.
It would be risky to confuse that ability as mere understanding of key HR metrics / indicators. At T3MS, we believe the real challenge for HR is to:
- Provide the right workforce-related picture to key decision makers
- Identify and drive the right standards to improve employee value, teamwork and performance
- Strengthen reporting and compliance relevant to your business
- Convert available employee data into insights
Not Feasible to Have a Full-sized HR Team Yet?
No problem! At T3MS, we understand that while most small businesses recognise HR as a critical function, not all of them find it practical to maintain a full-sized HR team.
When a company is experiencing growth pains or cost pressures, setting up a team – for recruitment, workforce management and HR data / analytics – can be a commitment it may not be ready for.
Hence, T3 Managed Services?
T3MS’s service philosophy stems from its belief that right teams act as the key differentiator for successful businesses. Consequently, our comprehensive line-up of managed services spans from recruiting right to building strong HR processes that:
- Maximise workplace productivity
- Improve team coherence
- Reduce hiring and onboarding costs
- Support stronger leadership teams
- Facilitate better management of project goals
T3MS Services for SMBs
T3MS’s HR & Payroll managed services are designed to cater to a wide range of industries including retail, manufacturing and healthcare.
Why T3MS?
T3MS comes with clear advantages that include: