Strategic Management
3rd Edition
ISBN: 9781259420474
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 8, Problem 1ESI
The chapter notes that some firms choose to outsource their human resource management systems. If a firm has a core value of respecting its employees and rewarding top performance with training, raises, and promotions, does outsourcing HR. management show a lack of commitment by the firm? HR. management systems are software applications that typically manage payroll, benefits, hiring and training, and performance appraisal. What are the advantages and disadvantages of this decision? Think of ways that a firm can continue to show its commitment to treat employees with respect.
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Payroll has traditionally been an accounting function, and some CPAs have provided payroll processing services to their clients. Today, CPAs are finding additional new lucrative opportunities to provide not only payroll processing but also various HR services. Write a brief report that compares the provision of payroll and HR services by CPAs with that of national payroll providers. Perform the following research to collect the data for your report:
1. Read the articles “Be an HR Resource for Your Clients,” by Michael Hayes, and “Hired Help: Finding the Right Consultant,” by Joanne Sammer, both of which were published in the November 2006 issue of the Journal of Accountancy.
2. Contact a local CPA firm that provides payroll and HR services, and find out what types of services they perform and what types of clients they serve.
Outsourcing originated in the manufacturing sector but has spread and is growing widely in the service sector. 80% of Fortune 500 organizations outsource into a $386 billion annual market. Most outsourcing has been done by larger firms yet small and medium-sized organizations can take advantage of outsourcing to enhance their competitive advantage.
what are the HR challenges that come with the strategy to outsource? If you were the HR director in a company that decided to outsource 40% of its domestic workforce, how would you handle the shock and ramifications that would surely follow?
Unfortunately, many smaller organizations do not have a Human Resources Management function (i.e. HR director, coordinator, etc) or are removing the role all together in favor of outsourcing payroll and benefits administration. However, as you have read thus far, an organization's human resources are vital to an organization's competitive advantage and understanding the legal environment is supremely important, regardless of your role. Please answer the questions below:
Q1. How can big data be incorporated in to a true Strategic Human Resources Plan and Function?
Q2. Describe a minimum of 3 benefits to incorporating big data and 3 potential challenges.
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