PAGGAO, Albert Dowson V.

HUMRES

1 ALM

What Is Outsourcing?

- Outsourcing is the business practice of hiring a party outside a company to perform

services and create goods that traditionally were performed in-house by the company's
own employees and staff. Outsourcing is a practice usually undertaken by companies as a
cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer
support to manufacturing to the back office.

HRM sample tools that are being used by the company.

a.) HRMS (Human Resource Management System) ~ Human resource departments have
a lot of information to input, store and track. The most common method of organizing
this information is with a comprehensive human resource management system
(HRMS).
b.) Performance Solutions ~ Performance evaluations and tracking are not only an annual
meeting between supervisor and employee, but the goals and objectives discussed in
that meeting are tracked and revisited throughout the year by HR.
c.) Recruiting software ~ As the name implies, recruiting software streamlines the hiring
process. You can post job ads, sort and accept applications, manage candidates and
more, saving you the hassle of manually tracking everything yourself.
d.) Payroll service ~ Payroll processing is an arduous task. Make it easy on yourself (and
your bookkeeper) by investing in an online payroll service.
e.) Benefits management platform ~ Some payroll services allow you to administer
certain benefits, such as vacation time, a more robust solution can help you manage
all employee benefits including paid time off, retirement plans, health insurance,
workers' compensation and other perks.
f.) Employee engagement tools ~ Employee engagement is a high priority for many
companies. With today's tech tools, you can monitor your organization's culture,
giving you better insights into what your employees want.

Business news related to HRM

- The future of HR at UNLEASH Las Vegas 2019, UNLEASH Las Vegas is a worldwide
conference and expo showcasing the best the HR industry has to offer. The conference
focuses on the future of work and will host HR experts to share the latest insights on the
industry.
 - Esther Perel delivered an exciting and unique perspective on HR called ‘What business
leaders can learn about workplace dynamics from couples therapy.’
- Other anticipated sessions include:
a.) ‘Re-imagining Recruiting’ by Ana Recio, EVP of Global Recruiting at
Salesforce
b.) ‘Blockchain in HR: Answering the critical question of who owns my data, and
what are they doing with it?’ by Yvette Cameron, Founder & Principal
Analyst at NextGen Insights
c.) ‘How to Create More Impact with People Analytics’ by David Green, Founder
at Zandel

Reference:

https://www.businessnewsdaily.com/9663-hr-tech-tools.html

https://www.investopedia.com/terms/o/outsourcing.asp

https://www.hrmsworld.com/unleash-las-vegas-2019.html