Journal

HRIS or Human Resource Information System which works as your HR department, it can manage employee data, track attendance, and record log-in and log-out time. Whereas HRMS or Human Resource Management System can do all functions of HRIS along with payroll management, performance tracking, recruitment and onboarding. However, HRIS is cheaper compared to HRMS.

Employees benefits attributed with remote work includes flexibility, low stress on commute, and improved work-life balance. This also helps employers in terms of lower overhead costs, access to a larger pool of talent and higher efficiency. The employee relations can be improved as there is an inclination towards increased job satisfaction as well as the rate of turnover.

Some of the problems that are likely to be faced while working remotely include lack of communication, loneliness, interference, lack of discipline, and few personal separations. These must be addressed with clear communication tools, frequent social contacts, a designated workplace, time management, and clear segmentation of work.

Working remotely means carrying out organisational tasks outside the workplace, preferring home. This has advantages such as flexibility, financial efficiency and time efficiency. It spans through various forms such as fully remote and hybrid learning models. Some of the challenges are communication barriers and lack of interaction with people in their field.

IR35 states that if you work like an employer instead of contractor, you must pay taxes like an employer. This is a rule for all small-scale businesses, individuals and other registered entities. If a company uses individual services as a full-time employee, they must pay the taxes and follow the same rules as any corporation.

Nearshore is when outsource your tasks near your geographical location whereas in offshoring you outsource your tasks far away from your geographical location, considering other benefits like cost saving, global talent and around-the-clock business operations.

Nearshoring means outsourcing duties and functions to someone living close to your geographic location. The benefits of nearshoring are the same time zone, no cultural differences and physical meetings. You can outsource your IT requirements nearshore and offshore as well, offshore will give one additional benefit of saving money.

Virtual team has pros like remote work, flexibility, cost savings, global talent pool, increased productivity, time saving and virtual team building but also have cons like social isolation remote work, communication barrier, tracking progress and virtual office setup. But when we compare statically, virtual teams perform better than office teams.

Building and managing a virtual team is a complex task but with appropriate activities, you can keep them connected and active. There are multiple games such as Two Truths and one lie, show and Tell, virtual coffee time, quick quiz, emoji check-in, rapid-fire, scavenger hunt and many more, these games help employees be collaborative and appreciate teamwork.

Trends are ever-changing, in the year 2024 human resource outsourcing has followed trends like AI integration, data analytics, better employee experience, flexible demand, scalability, cloud technology and automation. These trends have integrated two major fields: artificial intelligence and human resources, making resource management efficient and effective.

When you outsource your HR responsibilities, you don’t have to hire a full-time in-house team for performing any HR functions. If you offshore to countries like India where highly skilled personnel like HR associate and managers are available at lowest price. Outsourcing also reduces operational costs because all employees work from home and need no office area or amenities.