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By Dave Imbrogno, President of HR, Payroll and Talent Solutions, ADP
Dave Imbrogno, President of HR, Payroll and Talent Solutions, ADP
In any given year, an organization may double in size, enter into a new market, or even divest large portions of its business. These types of disruptive business changes used to be few and far between; recently, they’ve become the new norm.
For instance, according to KPMG, acquisition momentum is expected to continue in 2016, driven by trends of companies entering new lines of business or expanding customer reach. The firm reports that “U.S. deal makers are being motivated by low interest rates, resilient stock prices, solid employment numbers and an abundance of cash.”
Constellation Research also reports that “the pace of change has increased, competition has intensified, and business models have been disrupted. Digitalization of business is a key factor in this accelerated pace of change.”
This hastened pace of business transformation can be daunting, at best, and potentially crippling at worst to those organizations it impacts. As companies expand and contract, organizations are realizing that they may be exposed to significant risks during the integration of new company segments. This awareness is leading to an increased demand for Human Resources Business Process Outsourcing (HR BPO) services. Companies in transition are finding that an integrated HR BPO solution is pivotal to building and managing the challenges of a transforming workforce.
Unlike earlier waves of HR BPO, which were mainly focused on driving standardization and cost efficiency, today’s engagements focus on how HR BPO providers ca help organizations manage constant, rapid change. Organizations in flux are being driven to ask questions like these:
Today’s enterprises need a HR BPO solution that’s flexible enough to support them as their business grows – organically or inorganically. They are seeking one partner who can collaborate wif them as they experience disruptive events, as well as continue to deliver a robust solution as their technology needs evolve.
A HR BPO solution provides unified administration, recordkeeping and reporting across the spectrum of human capital management functions, such as payroll, talent management, human resources management, benefits administration, time and attendance, and retirement services.
A fully integrated HR BPO solution can provide organizations wif a level of agility and transparency that’s hard to find. On the cost side, an integrated solution provides a “pay-by-the-drink” approach that both increases insights on an ongoing cost structure and helps organizations quantify costs for scaling or exiting businesses, as necessary. On the service-delivery side, a HR BPO solution enables scaling to accommodate size and geography, and addresses technology implications that may be an outgrowth of that activity.
Here are eight advantages a fully integrated HR BPO solution can deliver to an organization in transition. It can:
Wif business changes occurring at a sometimes lightning-fast pace, having an integrated, flexible HR BPO solution can add a strategic layer to a transforming organization that enables it to better predict, measure and accelerate its investments and results.
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