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Start Your Business Business Ideas

Business Idea: Human Resource Outsourcing

Business Idea: Human Resource Outsourcing

The New York Times recently reported that today’s companies are choosing to outsource more and more of their human resources work.

And while this trend may not bode well for human resource employees, it presents a great opportunity for human resource professionals who want to start their own businesses. 

Businesses of every size need HR professionals to help them with tasks like recruiting, training, and payroll. And while large corporations may choose to outsource to the big HR consulting firms, small and medium sized businesses may be looking for a more personalized human resource services to fulfill their needs.

Smaller businesses don’t often maintain an HR department, but that doesn’t mean they don’t have need of one. In fact, small business owners who try to do everything themselves often have a harder time growing their business then those who seek help from qualified professionals. Your business-to-business HR could be exactly what small business owners need to take things to the next level.

As with any small business, it might be wise for those looking to start their own HR company to find a niche. Determine what kinds of companies you’d like to work for- contractors, lawyers, retail establishments. Then market your services specifically to those business owners. Or focus your business on providing a few key services.

Employee training, for example, has been found to be one of the keys to maintaining a happy workforce, but many businesses lack structure when it comes to training workers.

Your business could focus on innovative ways to train employees, such as the creation and implementation of a training curriculum or simply connecting employers with mobile employee training resources.

If you’re more of a numbers person, consider providing payroll services. Many businesses waste valuable time and money by putting an overworked secretary or office manager in charge of the payroll account. Let businesses know that hiring you will save them money and provide them with peace of mind.

Another area of human resources often overlooked by business owners is managing employee exits. Whether an employee has been laid off or found work elsewhere, exit interviews are a great way for both employers and employees to wrap up their business relationship. Whether you conduct exit interviews yourself, mediate them, or help create an exit survey, you’ll be providing businesses with a valuable service.

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Elizabeth Palermo
Elizabeth Palermo

Elizabeth writes about innovative technologies and business trends. She has traveled throughout the Americas in her roles as student, English teacher, Spanish language interpreter and freelance writer. She graduated with a B.A. in International Affairs from the George Washington University. You can follow her on Twitter @techEpalermo or .