The rapid changing business environments, competitions and technologies produce great challenges in building and adapting human capabilities to drive business performance, not only for today's competitive advantages but also for tomorrow's success. This together with an ever increasing pressure in reducing the cost of human capital force companies to re-examine the human resources function, its processes and the organisational talents. With understanding that the traditional re-engineering approach only produces marginal savings and benefits, new thinking and tools need to be used to produce substantial savings with long-lasting impact.
Successful companies are able to use innovative approaches to transform the HR function to become proactive business partners contributing to the core business strategies, processes and decisions support while leaving the transactional and processing activities to a shared service centre. Outsourcing the non-core HR activities allows a much quicker and substantial realisation of financial and non-financial benefits including service quality and workforce effectiveness.
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