What are HR Shared Services?
HR Shared Services Defined
Large organizations with complex human resources departments outsource HR processes, reporting, and software solutions to companies that are positioned to handle these very specific and often difficult tasks. This third-party management is often referred to as HR shared services or HR Service Delivery (HRSD). Examples of HR Shared Services include recruiting, talent management, data analysis, employee sentiment prediction software, payroll, and overall human capital management (HCM).
Benefits of HR Shared Services
The HR department is more efficient when armed with the best possible HCM solutions and resources. Large organizations can gain the following benefits from a HR Shared Service model:
- Automated HR processes allow the internal human resources team to focus on company related goals.
- All HR data and analytics are centralized— creating one single location for all data.
- Shared case management is more cost effective than increasing the size of the HR department, plus current HR staff is positioned for career development.
- All data will be consistent and centralized. Once all your information is in one place within your HR Service Delivery platform, there wonft be any discrepancies when information is updated.
- Increased employee and customer satisfaction.
- Streamlined problem solving.
- Top talent can be developed and retained through employee sentiment prediction software.
To get started on how you can make an HR Shared Services model work for you, check out our HR Service Delivery product.
Long-Form Glossary Topics
HRM System / HRM Software
Human Resources Software
Payroll and HR Software
Payroll and HR Services
Performance Management Software / Performance Management System
Talent Management System / Talent Management Software
Technology for Managing Human Resources
Performance Management Process
Strategic Human Resource Management
Succession Management Software
Predictive Analytics for HR
Strategic Human Capital Management
Global Human Resource Management
HR Recertification Credits
HR Service Delivery
HR Robotic Process Automation
HR Case Management
HR Shared Services
Human Resources Document Management
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