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HR Consulting Services in Mumbai

To outsource or not to outsource? It is a question to many all-scale business owners as they expand their scale of operations. For any business decision, thorough research is necessary to ensure the right partner is selected. So, let us understand the basics of HR outsourcing and consider some important factors when selecting an HR provider in Mumbai.

What is HR Outsourcing?

While your business expands you may find that you no longer have the capacity to manage the day-to-day administrative tasks. That’s where an HR consulting company plays a major role. HR outsourcing companies take care of major responsibilities of your business. An HR service provider takes on some of the client’s HR functions. This includes recruitment, payroll administration, and employee performance management. The service provider is paid a fee by the company for performing these functions. So, when a service provider takes care of these functions, you can focus on other important matters in your business.

Benefits of outsourcing HR

Outsourcing your responsibilities to an HR outsourcing company provides you with the following benefits

Cost-saving

Most small and medium-sized business prefer to outsource their HR services instead of hiring professionals. Once the HR services are outsourced, you can avoid overhead costs. Also, outsourcing costs are variable and can be reduced or increased according to your business requirements.

Increases efficiency

Many companies outsource HR functions as it leads to greater efficiency. When companies outsource HR activities, business owners can focus on other core business activities.

Risk Management

One of the main reasons for outsourcing HR services is risk management. Most of the laws keep getting updated regularly and so it becomes difficult for companies to remain up-to-date with the latest methodologies. Outsourcing service providers have HR professionals who get updated with the latest methodologies. So, outsourcing HR services gives you access to knowledge about the latest trends in business methodologies.

Management of employee performance

The overall development of an organization helps support employee growth. So, the overall growth and time to deliver improve when you have an HR service provider. Outsourcing firms often monitor the performance and also help in their training. This in turn reduces the administrative responsibilities of the actual HR managers.

How does HR outsourcing reduce cost?

HR outsourcing services can save your company money in the following ways

Increased employee retention

Employees may leave due to many reasons. The HR service companies will help to reduce that risk by offering employee benefits and other competitive benefits.

Greater buying power

Your company will get buying power through economies of scale.

Smoother onboarding

HR outsourcing providers take care of the onboarding processes of new employees. Your new employees will be able to submit any required forms and sign documents through an online portal.

What HR services can be outsourced to Ma Foi?

As a human resources company, we offer the following services

HR Audits

We help you to conduct a Human Resource Analysis to provide recommendations on HR functions that can be improved.

Employee recruitment and training

From creating and posting jobs, employee recruitment can be time-consuming. We do all the legwork before the actual interview is conducted. We offer employee training programs targeted to your employees’ specific job functions.

HR portal

Electronic recordkeeping means less paperwork and access from anywhere with an internet connection. Our online portal makes it easy for companies to track and reviews documents.

Role of HR managers

HR managers play a pivotal role to achieve organizational objectives. It is the HR people who perform activities and achieve goals. So, human resource is a must in an organization. They participate in the identification, development, and execution of corporate objectives. Today’s HR professionals play an active role in helping employees advance in their careers. They help identify the areas of improvement and develop action steps for the employees.

About MaFoi HR professional team

MaFoi being one of the leading HR consulting services in Mumbai, have contacts and relationships with the best and can help in finding skilled candidates throughout the country. We specialize in matching companies with the right human resources solutions based on your industry, geographic location, and more.

Hire the best HR consulting company

Since human resource consulting companies work closely with a business and its employees, it is important that you find the right HR consultancy which is right for your organizational needs.  While searching for HR consulting firms, you have to review the size of the firm. Choosing the right HR outsourcing services is a big decision. So, make the right decision by contacting us at the earliest.

Frequently Asked Questions

HR consulting in Mumbai is basically about considering a third opinion to expand and strategize the growth and development of a business. They basically solve problems that are causing the firm's loss and pushing them towards a deficit.

HR consulting is a professional advise provided by a third party (HR Consultants in Mumbai) to expand and strategize the growth and development of a business more from HR perspective. HR Consultants in Mumbai support business owners in aligning their human resource to the business agendas in an engaging, meaningful, productive and efficient manner.

A firm does not need to hire individual employees if they hire an HR resources consultant in Mumbai. This significantly reduces the cost spent on employees. There are many benefits in hiring HR consulting companies in Mumbai. Some of them are- to keep a check on performance reviews, goal setting, and managing all the benefits.

HR Consultants in Mumbai can optimise the use of human resource leading to cost saving. They can help in setting a performance driven culture across the organisation to achieve the common goals; attract, engage, manage and retain human resource fairly and efficiently and built agility within the various facets of the HR system to support growth.

One must choose the best HR consultant firm in Mumbai which can help one’s business to grow and flourish. After the pandemic, the HR services in Mumbai should be hired as the main aim should be to save the company from the uncertainty and financial crunch of these times.

It is always advantageous to choose a HR consulting firm in Mumbai with more than decade of experience and credible legacy. Look out for someone with an approach that focuses on customising solutions to suit your business needs considering the organisation’s culture and maturity level, flexible and determined with an ability to navigate to the goals.

There are many benefits of HR outsourcing services in Mumbai. Some of them are as follows-

  • The focus of HR outsourcing services is to focus on the tasks that generate massive revenue for a firm.
  • This can also help in saving precious time, and all the burden of paperwork is significantly reduced.
  • It also reduces employer liabilities

Some of the benefits of HR outsourcing in Mumbai are:

  • Cost saving
  • Increased efficiency
  • Flexibility
  • Improved systems to effectively engage and manage human resource
  • Standardised policies and practices
  • Better ideas and approaches with third eye perspective
  • Reduced employer liability
  • Improved employee relations
  • Frees up time to focus more on business

Many HR services in Mumbai provide benefits to the firms they work for. With the help of outsourcing HR services, the companies can focus on core competence and try to enhance it further without sending any single penny.

Yes, by outsourcing organisations can build a matured HR system which can support in cost reduction not only related to HR activities but also at organisational level through an integrated approach and interventions.

There are many HR consultancy services in the city of Mumbai that offer consulting services and HR Solutions. Ma Foi Strategic Consultants Private Limited is a pioneer and well know HR consulting firm with high reputation in Mumbai, India.