One in three finance directors are considering outsourcing the HR function, according to research.
About 35% of the 100 finance directors from AIM-listed companies surveyed by Noble Group management firm said they recognised the benefits of outsourcing HR.
Three-quarters (75%) said they were concerned with increasing amounts of corporate regulations, such as age discrimination.
More than 50% of respondents also said they do or would consider outsourcing health and safety management.
The main reasons respondents cited for outsourcing were to free up more time to focus on core business and cut costs.
David Page, chief executive of Noble Corporate Management, said: “Outsourcing the HR function effectively, whether it be advice on employment law and compliance, flexible benefits, or managed training services, can significantly free up directors’ time so they can focus on core business and give them confidence that they are complying with their legal and regulatory requirements.”