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Article: Out of site (not out of mind): most SMEs face a problem: how do you minimize staff risks and keep up with legal changes with a tiny HR team? Barry Chambers explains why Annington Homes took the out sourcing option.(People Management)
- Article from:
- Financial Management (UK)
- Article date:
- September 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Chartered Institute of Management Accountants (CIMA). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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How much should an HR service cost? This is the kind of question that usually brings financial managers out in a sweat. HR is an area founded on principle, rather than on a rational analysis of investment and return. For this reason it can seem alien to the finance department, yet more and more finance directors are being asked to take responsibility for it as part of the administrative processes of their organisations. Although certain aspects of HR can be monitored using key performance indicators and other efficiency measures, there are significant costs that are based on principle. FDs are aware of the direct costs--for example, training budgets and health and safety ...