Benefits of Outsourcing HR - Business Leader Priorities of 2023

Welcome to episode two of this three-part series, with CEO of Bredin, Stu Richards. Hear as Stu talks with our host, Rob Parsons about how businesses today are handling HR administration. Get a deep dive into the findings from our 2023 “Priorities for Business Leaders” survey and find out how much time and money companies are spending on HR functions, their struggles with attracting and retaining talent, how they are managing regulatory compliance, and why businesses outsource HR.

Topics include:

00:00 – An introduction to Stu Richards and Bredin
00:52 – Time spent on HR administration
04:49 – The value cost of time spent on HR administration
07:12 – Top HR administration issues in the next year
08:11 – Struggle with compensation and benefits
08:58 – Challenge of attracting and retaining talent
09:36 – Challenge of developing talent
10:14 – Managing ongoing regulatory compliance
10:35 – Why businesses outsource HR administration
13:19 – How outsourcing HR administration can reduce costs
14:06 – Episode wrap up

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