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Still around the globe is a new concept, many organizations open up to welcome HR professionals as Business partners, what lead decision makers to look into Senior HR positions as business partners?
Strategic Partnerships will help you create an ecosystem of strategic alliances to maximize your competitive advantage
1. Transform your strategic partnerships into a competitive advantage
2. Get more out of existing alliances
3. Structure and implement future joint-ventures more effectively
4. Steer your portfolio of partnerships for maximum impact
Global organisations making HR Departments more structured by segregating into3 major pillars
1. HR Shared Services for Transactional & administrative support
2. Center of Expertise, Governing body of Strategies,Programs, and Policies
3. HR Business Partners who work closely with Line managers to achieve organisation's goals,
MNCs are implementing the above model to reduce cost, improve productivity in lesser time by bundling similar services
HR Business partners are
- Internal customer-facing agent ( Line managers/ Business Leaders)
- Provide consulting and advisement
- Provide business knowledge for employee matters
- Liaise to Centers of Expertise, as appropriate
Hence it would be true to say that 'shared services model' and 'HR Business partner' is the future way of HR and HR role is evolving into business partners in order to achieve shared business objectives
1. Minimize the cost.
2. Improve the productivity.
3. Contribute to enhance the profit.
4. Reduce staff grievance.
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