Shared services

Shared services are business strategy to centralize administrative functions. An operational approach where each country or unit uses administrative services from a central source rather than repeating these services in different locations (examples of services include finance, purchasing, inventory, payroll, hiring, and information technology).

Definition

According to the HRBoK Guide,

Shared services. Business strategy to centralize administrative functions. An operational approach where each country or unit uses administrative services from a central source rather than repeating these services in different locations (examples of services include finance, purchasing, inventory, payroll, hiring, and information technology).