HR Glossary

What is Shared Services?

A centralized operational model where common business functions like HR, finance, IT, and procurement are consolidated into a single unit that delivers standardized services to multiple departments or business units across the organization.

Why it matters in hiring

Shared Services comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with S

• Severance Pay
• Shadow Payroll
• Sham Contracting (Australia)
• SHG Fund (Singapore)
• Shift Differential
• Shops and Establishments Act
• Shortlisting
• Signing Bonus

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.