The survey conducted by Australia’s ‘State of the Human Resource Profession’ Deakin University, provides valuable insights into the rapidly changing HR industry in Australia. The key findings of this 2023 report identified the challenges such as big turnover in HR positions, lack of skilled workforce, complex HR operations, retaining top talent, and emphasis on employee well-being.
Therefore, HR-shared services emerged as a strategic solution to streamline operations, cost optimization, maximize efficiency, and address critical workforce issues.
Here is How HR Shared Services Model Will Overcome The Complexities of Traditional HR Functions
The HRSS model is at the forefront and organizations are leveraging AI-driven technologies and advanced analytics to simplify and streamline the hiring process. Let’s delve deep and understand how it will help you overcome the challenges.
- Addressing Turnover in HR Positions
As per the above reports, there is a dire need for a stable skilled workforce. The HRSS model plays a significant role in building resilient HR teams by streamlining your hiring process and leveraging AI-driven technology. HR expert team utilizes unique and innovative outsourcing techniques to attract top-notch talent, conduct screenings and provide you with a strong, and diverse workforce.
- Achieving Cost Optimization
Managing HR operations is expensive, error-prone, and tedious since it involves screening, interviewing, hiring, and training expenses. The HRSS model will minimize your hiring costs with a scalable and flexible solution, enabling you to access a pool of experienced HR professionals who can manage the hiring tasks efficiently. By outsourcing HR functions with a trusted partner, you can focus more on strategic initiatives.
- Ensuring Skilled Workforce
To address the need for hiring a skilled workforce, learning and development training is essential to foster a culture of excellence. From onboarding to leadership development, the HR shared services model equips the workforce with specialized skills and knowledge to thrive in their job roles.
- Reducing Complexity in HR Operations
As the HR teams experience growth, the complexity of HR operations increases. HRIS (Human Resource Information System) is a platform that aids in managing HR data, employee records, and workflows. It streamlines and centralizes data and provides real-time information. This empowers HR professionals to manage the growing demands and ensure seamless employee self-service experience, optimizing HR team performance and driving organizational success.
- Focusing on Employee Well-Being
One of the biggest HR challenges in Australia is employee well-being. Organizations seek HR solutions that will enable a positive working environment. The benefits and rewards program in the HR shared services model ensures employee satisfaction and retention. From health benefits to performance-based rewards, each employee feels valued, and motivated.
As we step into the new era of the HR system, the HR-shared services model is redefining the HR landscape by reducing cost, addressing critical workforce challenges, maximizing efficiency, and leveraging data-driven decision-making to make strategic decisions that align with business goals and thus enhancing the overall employee experience.
Are you ready to unlock the full potential of the HRSS model? Let’s embrace the opportunities that lie ahead and forge the path to success.