Final answer:
True. A shared service model increases the business importance of HR practices by centralizing and streamlining HR processes.
Step-by-step explanation:
True. A shared service model does increase the business importance of HR practices.
In a shared service model, HR functions are centralized and shared across different departments or business units within an organization. This consolidation allows for more efficient and effective HR practices, as resources and expertise can be pooled together.
For example, instead of each department having its own HR team, there may be a centralized HR department responsible for all employee services, such as recruitment, training, and benefits administration. This not only streamlines HR processes but also ensures consistency in HR policies and practices across the organization.