HR is defined by both the strategic value it offers and the services it provides to the business. In order to highlight and reinforce the strategic value, the services offered must not only meet the needs of the organization, they must be provided efficiently. HR Shared Services is something that many large companies have struggled to implement. The following 10 best practices and benchmarks highlight how the best of the best approach HR Shared Services and how they have realized results.
3. HR is defined by both the strategic value it offers and the services it provides to
the business. In order to highlight and reinforce the strategic value, the services
offered must not only meet the needs of the organization, they must be provided
efficiently. HR Shared Services is something that many large companies have
struggled to implement. The following 10 best practices and benchmarks highlight
how the best of the best approach HR Shared Services and how they have
realized results.
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4. 10 Best Practices and Benchmarks
for HR Shared Services
The HR Shared Services best practices model…
• Achieves economies of scale
• Enhances consistency and standardization
across the organization
• Improves quality
• Leverages technology investments
• Manages labor costs
Source: Bersin & Associates
The High-Impact HR Organization
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5. 10 Best Practices and Benchmarks
for HR Shared Services
Companies that adopt an HR Shared Services
model reduce process costs by as much as 80%.
60% of these companies report process savings
of 21%–80%.
Source: The Hacket Group via Business Week Research Services
The New Era for Shared Services
6. 10 Best Practices and Benchmarks
for HR Shared Services
Source: Media 1
2012 Fortune 50 Companies Operating with HR Shared Services
7. 10 Best Practices and Benchmarks
for HR Shared Services
Source: SSON
Big Data and Shared Services
8. 10 Best Practices and Benchmarks
for HR Shared Services
Companies with multi-function global
business service organizations vs.
single-function Shared Services.
Source: SSON
Big Data and Shared Services
9. 10 Best Practices and Benchmarks
for HR Shared Services
Top performers’ activity inside global business
Shared Service organizations
Procurement
Source: SSON
Big Data and Shared Services
Finance
10. 10 Best Practices and Benchmarks
for HR Shared Services
“World-class organizations
spent 13% less on human
resources costs per employee
than their peer groups in 2006.”
The Hacket Group via Business Week Research Services:
The New Era for HR Shared Services
11. 10 Best Practices and Benchmarks
for HR Shared Services
Aberdeen Group:
Building the Case for HR Shared Services
12. 10 Best Practices and Benchmarks
for HR Shared Services
Institute of Management Accountants: Implementing Shared Services Centers
13. 10 Best Practices and Benchmarks
for HR Shared Services
The quality of the workforce ultimately
determines Shared Services success.
Accenture:
Achieving high performance through Shared Services
Lessons from the masters
14. 10 Best Practices and Benchmarks
for HR Shared Services
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