A shared services center – a center for shared services in an organization – is the entity responsible for the execution and the handling of specific operational tasks, such as accounting, human resources, payroll, IT, legal, compliance, purchasing, security. The shared services center is often a spin-off of the corporate services to separate all operational type of tasks from the corporate headquarters, which has to focus on a leadership and corporate governance type of role. As shared services centers are often cost centers, they are quite cost-sensitive also in terms of their headcount, labour costs and location selection criteria.
Famous quotes containing the words shared, services and/or center:
“Paul loved to sleep with his mother. Sleep is still most perfect, in spite of hygienists, when it is shared with a beloved.”
—D.H. (David Herbert)
“Those services which the community will most readily pay for, it is most disagreeable to render.”
—Henry David Thoreau (1817–1862)
“The question of whether it’s God’s green earth is not at center stage, except in the sense that if so, one is reminded with some regularity that He may be dying.”
—Edward Hoagland (b. 1932)