Shared Services Benefits – Worth Your Time
Plenty has been written and numerous debates waged over the various HR shared services benefits and just how viable they really are. But the truth is that when you take a closer look at how the system works and what the different HR shared services benefits are, it becomes clear that in some instances the decision to merge services could very well be the best thing you can do for an IT department or for human resources. There are numerous HR shared services benefits and all of them impact your company in different ways. Understanding some of the various HR shared services benefits as well as just how the process works may help you understand why it's so worthwhile to consider this option for your company.
Basically, shared services are just what they sound like. Two organizations essentially merge their HR, IT, or other functions together to form one large one and take advantage of the various HR shared services benefits. A perfect example is in the public sector, when two police departments that are near to one another combine their services into one for better functionality, or when nearby hospital trusts merge certain aspects of their business. It happens in governments and even in private companies, and the HR shared services benefits are numerous and well worth considering. If you have the opportunity to take advantage of shared services, reviewing the different HR shared services benefits may help you determine if it's the right call for you to make.
- Some of the HR shared services benefits are extremely obvious. Lowered costs are the most glaring, and savings of as much as twenty percent are regularly reported. These HR shared services benefits are easy to understand – one HR department managing two separate organizations means less supervisors, less buildings, less systems, and less money.
- Other HR shared services benefits include the fact that scalability and system upgrades are much easier and affordable when you're combining different resources.
- When two organizations merge resources, an increase in skills is likely since each will be able to learn certain aspects of their duties from the others. These are even more HR shared services benefits that you might want to consider closely.
- There are even companies that specialize in implementing shared services and making it easy to merge different groups together. In short, you'll be able to enjoy the different HR shared services benefits without having to struggle to try and figure out the process on your own.
If you think that the HR shared services benefits are up your alley and you have the chance to merge certain resources, take the time to review the process and what you can expect from it. In most cases you'll be able to take advantage of the various HR shared services benefits within a short time and really enjoy all that it has to offer to you.