Most finance directors have considered outsourcing

	Message From: madure	Total Posts: 261	Join Date: 06/06/2006
Rank: Coach	Post Date: 18/07/2006 23:38:19	Points: 1355	Location: Sri Lanka

HR and health and safety management favourites to go

Outsourcing has been considered by more than 80 per cent of finance directors in small to medium-sized businesses, new research claims.

More than 50 per cent of finance directors have thought about outsourcing their firm’s health and safety management and 35 per cent its HR function, according to a survey by investment bank Noble. The main benefits of outsourcing were seen as saving money, being able to spend more time on core business and having high-quality personnel managing the outsourced function.

David Page, chief executive of Noble Corporate Management, claimed firms also outsourced to ease the burden of complying with laws that regulated some functions.

"Many companies are finding it an increasing burden to comply with health and safety regulations," he said. "Directors are considering outsourcing as a way of managing the very real risk of non-compliance. This may be as a result of just not being aware of rules they need to follow or not having sufficient time and the right resources to comply with regulations without distracting from their core business efforts."

Noble surveyed 100 directors of firms listed on the Alternative Investment Market, the stock market for smaller companies.

	Message From: CHRM	Total Posts: 178	Join Date: 06/06/2006
Rank: Leader	Post Date: 19/07/2006 00:10:20	Points: 890	Location: Sri Lanka

Dear Professor,

In continuation to your write-up, a survey has indicated that majority of the executives at large North American and European companies that currently outsource one or more major human resources functions said they would do so again.

"The most compelling indicator of outsourcing's high approval rating is the fact that none of the survey respondents plans to bring that activity back in-house."

The study also found that more than 77 per cent of companies do not plan to consolidate their HR services under one outsourcing provider in the near term, although nearly 23 per cent of respondent companies have already done or are planning to do so within the next three years.

Regards,

CHRM

"To win...you must stay in the game" - Claude Bristol