The Shared Services Model: Revolutionizing the Indian Home Delivery System

BusinessThu Aug 17 2023

Source: The Shared Services Model: Revolutionizing the Indian Home Delivery System

The Shared Services Model: Revolutionizing the Indian Home Delivery System The shared services model has emerged as one of the most influential and impactful business models, transforming companies and enhancing end-user experiences. Its profound impact can be felt throughout our daily lives, even though we may not always recognize it. A prime example of this transformation can be seen in the evolution of the Indian home delivery system. In the past, households primarily relied on neighborhood

HR Challenges for SMEs – Basic Reasons & Solutions

BusinessThu Aug 17 2023

Source: HR Challenges for SMEs – Basic Reasons & Solutions

Most SMEs wish their HRs would effectively address their top people concerns – recruitment, leadership building, performance & culture. While these seem simple enough asks from internal HRs, more often than not, these are never really addressed for years on end. The impact of the absence of good HR practices are often not clearly felt (or ignored) for years until business expansions, mergers & acquisitions or critical attrition bogs down business and directly impacts top line numbers. Add to th

Why are Indian SMEs slow in adopting HRSS business services?

BusinessThu Aug 17 2023

Source: Why are Indian SMEs slow in adopting HRSS business services?

According to a 2021 Deloitte Global Shared Services & Outsourcing Survey report (read the report here), India is the most preferred location across industries. Functionally Finance, HR & IT are the top three functions that are rapidly adopting shared services in their ways of working. Since India is the largest shared services market in the world today, one would imagine that Indian companies would be early adopters to this trend, and especially innovate to adopt this business services model int

5 Fun Facts About HR Shared Services (HRSS) | Talent Carriage

BusinessThu Aug 17 2023

Source: 5 Fun Facts About HR Shared Services (HRSS) | Talent Carriage

Efficiency and Cost Savings: One of the key benefits of HR shared services is the increased efficiency and cost savings it brings to organizations. By centralizing HR functions and streamlining processes, companies can achieve economies of scale, reduce duplication of efforts, and optimize resource allocation. Enhanced Employee Experience: HR shared services can greatly improve the employee experience by providing a single point of contact for HR-related inquiries and services. This consolidate

Why should Indian CEOs choose HR shared services over buying HR tool?

BusinessThu Aug 17 2023

Source: Why should Indian CEOs choose HR shared services over buying HR tool?

While both HR shared services (HRSS) and HR tools have their advantages, there are several reasons why Indian CEOs may choose HRSS over buying an HR tool: Comprehensive Solution: HRSS offers a comprehensive solution that encompasses not only the technology aspect but also the expertise and services of HR professionals. It goes beyond just providing software or tools by offering end-to-end HR support, including transactional HR tasks, compliance management, employee relations, talent acquisition

HR Tools: Challenges in Adopting HR Tools for Indian SMEs

BusinessThu Aug 17 2023

Source: HR Tools: Challenges in Adopting HR Tools for Indian SMEs

In today’s fast-paced business environment, technology has become a crucial aspect of streamlining operations and maximizing productivity. Human Resources (HR) departments in Indian SMEs are no exception, as they seek ways to optimize their processes and enhance employee management. While adopting HR tools can offer significant benefits, several challenges hinder their successful implementation in the context of Indian SMEs. This article delves into the reasons why HR tool adoption might not wor

HRSS a step ahead of Outsourcing and HR Automation

BusinessThu Aug 17 2023

Source: HRSS a step ahead of Outsourcing and HR Automation

Human Resource Shared Services (HRSS) is a new and upcoming trend in the Human Resources (HR) industry. This model is a step ahead of traditional outsourcing and HR automation because it allows organizations to keep their HR processes and data in-house while still enjoying the benefits of economies of scale and cost savings. In a traditional outsourcing model, organizations hand over their entire HR function to an external vendor. This would include all aspects of HR, from recruitment and onboa