Misunderstanding to Consider Outsourcing and Outstaffing to be the Same

Human resources are a group of employees considered human capital of a firm, company or any enterprise.  It can be called as manpower, labor, personnel or just simply: people. HR is a department charged with finding, recruiting, training of job applicants, administration of employee benefits and compensation, preparing the employees files with the required documents, employee relations, employment Law and Compliance, and Payroll. They correlate the management and the employees.

Payroll is the list of employees of a company or enterprise that are entitled to receive payments and benefits on a definite date. It is usually managed either by the accounting or human resources department of a company. It is the process of calculating total wages, withholding deductions, filing payroll taxes and delivering payment. Payroll is a major expense of businesses. Payroll can differ from time to time due to sick pay, overtime work or other reasons. It is paid via direct deposit to the bank accounts of employees or by check.

Payroll is one of the most useful aspects of business, as it affects an employee’s morale and it is considered to be reflection of financial stability and reputation of a company. Calculating payroll consists of many components and is not very easy. Small companies can manage all aspects of the payroll process, but big companies can entrust it to an outsourcing company, without wasting time, money and energy using professional services.

There is a misunderstanding to consider outsourcing and outstaffing to be the same. Both of them mean remote work, but there is a principal difference between them.

Outsourcing means to hire a company for executing the work under requirements you want who will be responsible for the work from the beginning to the end.  You are sure of having a qualified team, equipment and resources. Everything you need to concentrate on your key business, as you will have the customized solution ready to be applied.

But outstaffing is hiring a trustworthy and professional team working remotely on your project under your stewardship. Mainly the team you hired work with the programmers of your office. You can control the work of your programmers working remotely, give them tasks, monitor them in accordance with your needs. The outstaffing company guarantees you finding professionals for your work.

Thus, the principal difference between outsourcing and outstaffing is: outsourcing is support of the whole project, development of software when one company entrusts another to execute a digitalization as a whole. It is a measure the companies undertake to decrease expenditure. But outstaffing means hiring of individuals, i.e. joining together the office team with the services of a remote group and the company will be responsible for nearly all. Simply saying, outstaffing is to hire professionals who work remotely in their own offices and you are their new employer.

So, using services of outsourcing companies are becoming more and more rational and   entrusting some functions of the company to them leads to saving time, money and energy. Recruiting full time employees are considered not to be profitable and better to use services of the professional outsourcing companies, as Financial Chain Corporation‘s Bishkek branch.  It provides high-quality professional services in HR, Outstaffing, Outsourcing, Payroll in Kyrgyzstan. The branch ensures executing a number of professional services, including the above-mentioned to the companies and individuals timely and accordingly, guaranteeing confidentiality, reducing costs and solving problems of any complexity. Outsourcing and outstaffing services of FChain help to reduce resource costs and increase opportunity for growth and development of your business.

The Bishkek office will qualitatively and promptly perform all HR functions including formation of an enterprise management model, providing fully automated personnel records, creation of the staffing table and job descriptions, preparing and submitting all required documents to the relevant authorities, optimization of staff recruitment, individual approach to solving any personal problems and so on.

FChain Bishkek offers its professional practice and guarantees to fulfil administrative obligations in registration and dismissal of personal, including payment and payroll services, resolution of labor disputes and claims leading to avoid unnecessary risks, as fines, costs and other problems. The experienced staff will select the most suitable form of employment agreements and taxation in any field of activity.

The success of any company mainly depends on human resources management and competent administration, and entrusting your time-consuming and complex tasks to FChain international outsourcing Company you will relieve your burden and have a chance to pay more attention to your key business. Companies cooperating with Bishkek branch use high-quality services of the office being fully certain to get the desired result.

https://razorpay.com/payroll/what-is-payroll-definition-process-complete-guide/

https://www.techtarget.com/searchhrsoftware/definition/HR-service-delivery

https://www.ukg.com/what-is-HR-Service-Delivery

https://www.hrzone.com/hr-glossary/what-is-hr-service-delivery

https://digiscorp.com/services/outsourcing-outstaffing/

https://l-one.de/outstaffing-vs-outsourcing-what-is-the-difference/