HR Shared Services is a centralized model where HR functions, such as payroll and benefits, are consolidated into a single unit to improve efficiency and consistency across an organization.
- What is HR shared services?
Answer: It is a centralized model consolidating HR functions like payroll. - What are the benefits?
Answer: It reduces costs, standardizes processes, and improves service delivery. - What functions are typically included?
Answer: Functions include recruitment, payroll, and employee support. - What are the challenges?
Answer: Challenges include communication gaps and initial setup costs. - How does HR manage it?
Answer: HR oversees operations, trains staff, and ensures integration.
