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Shared Services Group Retirement Process Overview Employee Retirement Income Plan of McDonnell Douglas Corporation Hourly West Plan Corporation Hourly Copyright 2013 Boeing. All rights reserved. May.

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Shared services are when a business consolidates its support functions to better serve the corporation and its business units, operating as a business within a business, utilizing a well-defined infrastructure to enable higher value service delivery.

HR shared services typically provide routine administrative service such as recruitment, new starters, leavers, payroll, changes to roles/contracts, working time in organisations where relevant, absences, or learning and development procurement.

Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. For example, a central headquarters might control all the hiring for an entire chain of retail stores.

Shared services is the consolidation of business operations that are used by multiple parts of the same organization. Shared services are cost-efficient because they centralize back-office operations that are used by multiple divisions of the same company and eliminate redundancy.

A centralize, consolidated hub with sole existence to support the business. It comes in different names - Shared Services, Business Support, Business Operations, Financial Centre and commonly 'the Hub'.

The main difference between business process outsourcing (BPO) and shared services is that BPO involves hiring an external company to handle specific tasks or processes, whereas shared services refers to the internal sharing of resources and expertise within a company.

A shared services manager needs to expertly lead and manage their teams and is responsible for employee retention and recruitment. They set the tone for all teams, creating a working environment that attracts and fosters employees of the highest caliber.

Shared services or shared services center (SSC) refers to a dedicated unit (including people, processes and technologies) that is structured as a centralized point of service and is focused on defined business functions.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232