17 Aug 2022

66

The Top Financial, Accounting and Banking Services of 2021

Format: MLA

Academic level: High School

Paper type: Assignment

Words: 312

Pages: 1

Downloads: 0

Task One 

As an entrepreneur in a manufacturing line of business, I would outsource security function from a security organization. The security function would be contracted since it is not a core function in my business. I would outsource the services from Allied Universal security firm. The firm is best suited due to the many years of experience (over 60 years) the outfit has been in operation. I would select the firm since it boasts as the largest private security firm in North America thus proving its capability to offer requisite security solutions. The security services offered by Allied Universal include solutions against threats, physical security for business premises and data security. I would outsource physical premise and data security to ensure safety of business premises and protection of organisation data against internet risks. Safeguarding organization data requires smart solutions coupled with powerful AI engine which Allied Universal is well capable of providing. 

Task Two: 

First Person: Chaya 

Chaya, your post is quite insightful concerning the need to outsource services from a professional employer organization. In addition to the HR services that you have pin pointed, additional HR functions that can be outsourced include relocation, coaching, background and drug screening as well as high volume recruiting. I concur with your assertion that outsourcing the function such as payroll processing would enable your organization be at par with ADA, FMLA, HIPAA and COBRA regulations. The many years of operations that INSPERITY has been in operations, positions itself as the most suited firm to outsource the services from. Chaya, your post is indeed educative. 

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Second Person: Morgan 

Hi Morgan, your core business function falls in the line of Food and beverage function. Hence, it is indeed, right to outsource Payroll and Accounting since the services are not your core competencies. Outsourcing the services would offer benefits such as improvement of compliance, cost reduction and minimization of mistake occurrence since the fictions would be handled by qualified and competent professionals. Morgan, functions such as budgeting are integral for business survival thus ought to be handled by competent persons like you have inferred. I concur with your assertions. 

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StudyBounty. (2023, September 15). The Top Financial, Accounting and Banking Services of 2021.
https://studybounty.com/1-the-top-financial-accounting-and-banking-services-of-2021-assignment

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