Save Time Creating an HR SOW with Everest Research Institute

An HR SOW is designed to help buyers receive estimates from suppliers of services related to human resources.  Getting an HR SOW just right is not always an easy task, which is one of the reasons Everest Research Institute created a solution to help buyers with this essential document.

The human resource outsourcing industry is growing at a rapid pace as more buyers are looking to streamline processes, reduce direct and indirect costs, obtain access to the latest technology and tools, achieve better quality and align HR with the overall business as quick as possible.  This growth in the industry has caused suppliers to continuously look for the most effective way to provide improved services, while still maintaining profitability.  To ensure a positive arrangement between the buyer and supplier, issues such as expectations and deliverables should be addressed immediately.

A statement of work, commonly referred to as an SOW, defines the work that is being required and is fundamental to the success of the outsourcing relationship.  Suppliers who provide human resources (HR) services will base their proposals on the information that is provided in the HR SOW.  If the HR SOW is too broad or vague it can create misinterpretations and could lead to disputes between the buyer and supplier.  An improperly executed HR SOW is one of the main causes of failure when it comes to HR outsourcing deals.

These important documents detail the scope of work, expectations, criteria and any special requirements for the services being rendered.  Acceptable standards that are specific to the industry should also be described in the HR SOW.  HR suppliers will respond to the HR SOW with proposals of how they can provide the requested services.

While the HR SOW is necessary when it comes to HR outsourcing, it can be very time consuming to create.  Everest Research Institute provides tools for buyers looking to outsource that will make the entire process easier to manage.  Part of these tools involve a Statement of Work & Service Level document, which acts as a template and provides buyers with a set of standards of commonly outsourced responsibilities within outsourced functions.  This valuable template frees up more time for buyers so they can focus on their core businesses.

Everest Research Institute’s Statement of Work & Service Level document is divided into multiple sections that cover the major functions that are to be performed.  It includes all of the crucial components that make for an effective HR SOW.  In addition to this template, Everest Research Institute provides workshops, decision support and other various tools to help buyers succeed.  Everest Research Institute offers customization to tailor tools and workshops to meet a buyer’s specific needs.

Founded by Everest Group, Everest Research Institute provides actionable insight and visionary research to buyers and suppliers of human resources outsourcing.  By analyzing data and trends to understand the best delivery models and HR solutions, Everest Research Institute is able to make valuable recommendations to buyers.  For more information regarding Everest Research Institute, call (214) 451-3110 or visit www.everestresearchinstitute.com today.