Debora M

1. Consolidate HR tasks and software
When a company expands rapidly, leaders often find a fair amount of redundancy in the HR department.  In some instances, work is duplicated over several people or different departments, and sometimes, these different HR entities are using different software to manage the same task.  By consolidating these tasks and software under one HR shared services team, most companies will see an increase in efficiency and cost savings.
2. Optimize HR operational efficiency
A growing company must have an HR team that goes with it.  If not, most will see a drop in efficiency.  Under a shared services strategy, tasks that warrant such an action can be transferred to people within the HR hierarchy that can take over such duties.  One example would include payroll processing.  This frees up other HR professionals on the team to focus much more attention on people and talent pool development.
3. Continuity
Continuity is a big deal as companies continue to expand.  Following an HR shared services strategy allows for processes to be undertaken in the same way each time.  A good example of where this can be successful is through the onboarding of new employees.  In this manner, each employee is onboarding with the same proves and standards as the co-worker before them.