HR-CoE

Strong human resources (HR) department models can help companies gain and maintain strong employees internally or externally. Centers of excellence can help strengthen HR business models to meet the needs of their employees and the market. Understanding the elements of these along with the benefits they can offer, help companies determine the best HR strategies to use to reach their goals. In this segment, we explain what centers of excellence in HR are, discuss their three elements, highlight the potential benefits you can gain and offer information about outsourced centers of excellence.

The centers of excellence (COE) in HR are best practices to support a company or organization’s mission, goals and priorities. Typically, during this process, a group of HR professionals works together to provide the company’s employees with a positive experiences. The employees they address, may work internally or externally for their business. The primary purpose for implementing a COE in HR is to maintain good employees to help the company reach its highest return on investment. Businesses may either use their existing HR employees for their COE group, or they might outsource these operations to talent acquisition or employee management companies.