To lower its HR outsourcing costs, an Anonymous US Finance Company evaluated its outsourced programmes such as payroll, benefits administration, and 401(k) recordkeeping and embarked on a widespread bidding process which gave potential vendors the opportunity to meet bids from competing vendors. The company found that pricing for outsourced HR programmes was negotiable, the process forced vendors to lower prices, and total annual savings of over $40,000 were achieved....

Unlock this article and 10,000+ more

To get the most out of our extensive resources, please login or become a member below.

OR
X
X