| i>Application service providers offer a type of | | | | becoming more popular because the hosting model is |
| outsourcing that increasingly answers requirements to | | | | simply more cost-effective. |
| control and secure company data while experiencing, | | | | Why Go to the Web? |
| the convenience of minimal technical overhead. | | | | When several companies are using the same |
| The hosted model allows a company to outsource the | | | | infrastructure - provided by the application service |
| maintenance and overhead of a technology platform | | | | provider (ASP) - economies of scale extend the |
| and software, yet maintain full control over the | | | | promise of the best and most robust systems at the |
| sensitive data and management of the process. | | | | lowest price point to each individual client company. |
| According to research by Price-Waterhouse Coopers, | | | | Hosted applications provide a blended model that |
| "Total Cost of Ownership: Warning Signs of Hidden In | | | | captures the best of in-house HR administration with |
| House System Costs," companies can shave up to 80 | | | | the best of outsourced HR administration. The hosted |
| percent of the time it takes to complete payroll simply | | | | model allows a company to outsource the |
| by automating the process. | | | | maintenance and overhead of a technology platform |
| Qutsource or insource? It has never been an easy | | | | and software, yet maintain full control over the |
| question to answer. HR directors love the security of | | | | sensitive data and management of the process. |
| running their systems in-house, and yet the expenses | | | | Easier to Expand |
| of maintaining the infrastructure, licenses and technical | | | | Fast-growing, Wisconsin-based Paragon, which helps |
| staff are often prohibitive. Yet with traditional | | | | companies with their IT needs, and SRP Federal Credit |
| outsourcing, the potential lack of control can be a | | | | Union, based in South Carolina, froze the number of |
| concern. In addition, many more traditional HR | | | | people in their HR departments despite adding 70 and |
| practitioners are becoming more of a key element in | | | | 125 employees, respectively. That's an annual savings |
| the business and total rewards strategies. This allows | | | | for each of $45,000 to $65,000 in salary savings by |
| little time for getting involved in the day-to-day | | | | outsourcing several HR functions. Additionally, these |
| administrative functions. While outsourcing may not be | | | | firms are seeing significant return on investment (RO!) |
| the solution for all companies, this article provides | | | | from automated time collection. According to the 2003 |
| information on its potentially cost-saving and | | | | Price Water house- Coopers report, "Total Cost of |
| time-saving benefits. | | | | Ownership: Warning Signs of Hidden In House System |
| Application service providers offer a type of | | | | Costs," companies can shave up to 80 percent of the |
| outsourcing that increasingly answers requirements to | | | | time it takes to complete payroll simply by automating |
| control and secure company data while experiencing | | | | the process. Those with 500 employees can save |
| the convenience of minimal technical overhead. | | | | $2,600 per pay period by moving to an electronic |
| According to the Nov. 4, 2004, Forrester Research | | | | system, according to figures compiled by iEmployee in |
| report, "Trends 2005: HR Management Systems" by | | | | the 2005 white paper "Online Pay Stubs. |
| Paul Hamerman, Web hosted HR applications are | | | | |