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¶ … outsourcing HR functions? How will outsourcing of HR functions play a role in the future of the field?
The pros of outsourcing HR functions
According to the work of Hendry (1995) and Domberger (1998), there' are several advantages of outsourcing. They include reduced production costs, strategic focus, cost avoidance, flexibility as well as relational rents. The work of Burkholder (2006 on the pother hand provided ten advantages including acceleration of the reengineering benefits, cash infusion, access to unparalleled world-class capabilities, freeing up of various resources for other strategic purposes, improved corporate focus, freeing of capital funds, reduced risks as well as reduced operating costs.
The cons of outsourcing HR functions
According to Domberger (1998) and Hendry (1995), the disadvantages of outsourcings are opportunistic behavior, hollowing out, high transactional costs as well as reduced level of innovation and learning. Company trade secrets may also be exposed to competitors.
How outsourcing of HR functions play a role in the future of the field
Outsourcing will play a role in the future of human resource because it would allow firms the chance of concentrating on their key competencies.
Organizations are currently facing rapid economic, technological, and cultural changes. Do you think the implementation of SHRM will help organizations stay effective? If so in what way?
Yes. I think the implementation of SHRM will help organizations stay effective since it can be a source of competitive advantage. The design and implementation of effective of SHRM can ensure that the output of a given organization are sufficient to supports its strategic objectives as noted by Huselid et al. (1997).
References
Domberger, S. (1998). The Contracting Organization: A Strategic Guide to Outsourcing. Oxford: Oxford University Press.
Hendry, J., 1995. Culture, community and networks: the hidden cost of outsourcing. European Management Journal 13 (2), 193 -- 200.
Huselid, M.A. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of Management Journal, 38, 635-672.
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