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HR Shared-service-center Tools
HR shared-service-center tools are software applications that help companies provide human resource (HR) services to their employees. HR shared-service centers are designed to be more efficient than decentralized models by allowing fewer HR professionals to serve a greater number of employees and managers. These solutions are frequently used to handle essential employee data such as performance or medical information. These technologies often connect to core HR management system (HRMS) systems.
What Small and Midsize Businesses Need to Know About HR Shared-service-center Tools
Implementing HR shared-service tools can help businesses save a considerable amount of time and money. These tools typically include features that help manage benefits enrollment, payroll processing, employee training and development, performance management, and compensation planning. These solutions can also help businesses consolidate and standardize HR processes and improve communication between managers and employees.
Related terms
- Absence Management
- Furlough
- Onboarding
- Attrition
- Right to Work
- Employee Self-Service (ESS)
- Background Check
- Equity Theory
- Performance Management
- Diversity and Inclusion (D&I)
- Gamification
- Center of Excellence (COE)
- Succession Planning and Management
- Workforce Analytics
- Performance Improvement Plan (PIP)
- Employee Resource Group (ERG)
- Chief Human Resources Officer (CHRO)
- 9-Box Model
- Enterprise Applications
- People Analytics
