In this blog post, we’ll cover the basics of HRO.

Key takeaways:

• HRO, or human resource outsourcing, is the process of hiring a third-party provider to manage some or all of your HR functions.
• HRO can save you time and money, and give you access to specialized expertise and technology that you may not have otherwise.
• When outsourcing HR, it's important to consider potential risks, such as giving up some control over your HR functions and selecting a reliable provider to manage your sensitive employee data.

What is HRO?

HRO, or human resource outsourcing, is the process of hiring a third-party provider to take care of some or all of your HR duties, such as recruiting, payroll, and benefits administration. This not only saves you time, but it also gives you more resources to put towards what you do best: making your business thrive.

One of the biggest advantages of HRO is that it can save you some serious cash. By outsourcing your HR tasks, you can bypass the costs of hiring and training in-house staff, as well as investing in costly HR technology. Plus, you can take advantage of the power of collective resources by joining forces with other companies that use the same provider.

Another perk of HRO is that it gives you access to specialized expertise and technology that you may not have otherwise. For instance, an HRO provider may have the latest and greatest HR software or a team of specialized recruiters who can help you find the best talent in your industry.

Of course, there are always potential risks and drawbacks to consider. For example, you may have to give up some control over your HR functions, which can be a concern for some companies. It's also crucial to select a reputable and reliable provider, ensuring that your sensitive employee data is being managed securely and confidentially.

Outsourcing your HR functions can be a smart way to streamline your HR tasks, freeing up your time and resources so you can concentrate on your core business. With HRO, you can save money, access specialized expertise and technology, and focus on what's important. Just be sure to weigh the pros and cons carefully and choose a provider that aligns with your company's needs.

Oh, and if you're looking for a hassle-free solution for outsourcing your payroll and invoicing, Thera has got you covered with our all-in-one platform that's lightning fast and super convenient.

Hiring contractors? Thera’s the only HRO solution you need

If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.

With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.

Sound interesting? Click here to book a demo.