HR and Payroll Shared Services
As a result of the 2010 Comprehensive Spending Review, public sector organisations are facing huge budget cuts and are under increased pressure to become more efficient. HR and payroll shared services are being adopted to help meet these efficiency requirements, providing an opportunity to achieve significant savings, improve processes and increase the quality of services delivered.
Technology will be at the heart of an HR and payroll shared service: a modern solution is therefore essential. iTrent provides a state of the art technology platform, allowing you to choose whether to retain HR and payroll processes on-premise, outsource to MidlandHR's expert team, or combine elements of the two.
Our research in the early days of developing iTrent ensured that the product was architectured to support a shared service environment and this has been further honed from experience of our outsourcing services, which use iTrent as the HR and /or payroll platform. The product is process driven, enabling multi organisational processing in one environment: a critical requirement of a shared HR or payroll system.
The flexibility of iTrent has enabled implementation of the full range of payroll and HR shared service operating models, giving MidlandHR a vast array of expertise in this area. This experience ensures that organisations considering a shared service will be given the advice and guidance needed to develop a model that is right for them and will deliver their goals.
Whilst cost savings are often the key driver for payroll and HR shared services, they are just one of many benefits that an HR and payroll shared service can deliver.
Shared Service benefits include:
- Cost savings
- Process efficiency
- Improved technology
- More selective and strategic HR contribution
- Improved quality of service
- Increased resilience
- Improved expertise and productivity
- Reduced requirement to buy in specialists
- Reduced fixed costs and overheads, including management
Would you like more information on iTrent software for payroll and HR Shared Services?