Last but not to be overlooked is the need for the effective and efficient delivery of HR services.
We know that the HR services, in particular learning and talent development strategies play a key role in the success of businesses.
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More recently, online HR services provider Monster Worldwide (NYSE: MWW) also sold its China operations earlier this year as part of a global asset disposal to focus on fixing its core US operations.
"The Kenexa acquisition will complement IBM's social business and HR business services leadership, " IBM said, adding that it expects the transaction to close in the fourth quarter.
As we built a multi-functional shared services capability with IT, HR, and Finance, over time we continued to look for other services such as facilities, purchasing, sales order management, meetings, card services, and fleet management to bring under the umbrella to deliver bottom line saving to the corporation.
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Savings are calculated to come from merging services such as HR and procurement, and reducing duplicate staff.
And now ADP is going to dramatically expand its offerings: they want to be a broad provider of HR-related software and services.
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Similarly, managers are also scratching their heads at a financial services business where the new HR approach puts responsibility for the hiring process on them.
If you have consolidated IT processes and systems and generated significant savings, this translates especially well to the other shared services such as finance and HR.
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Follow-up regularly aspects of the HR Strategy related to career-development, such as career support services, coaching, assessment tools and analyse progress and make recommendations.
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He said if the plans were approved, opportunities for selling services would be explored further, starting with areas such as IT and HR.
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