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NETWORK ECONOMY

The present economic era is popularly called Network Economy or Service Economy or Knowledge Economy or Wired Economy. As a result of this ,business enterprises are now using TECHNOLOGY and RELATIONSHIP as a weapon to gain competitive advantage in the market place.

HR - IT
HR-IT is the technology enablement of the HR

strategies. It covers all the systems and processes that support employee management from "Recruit to Retire" functions within the organization. Increased adoption of HR-IT has enabled companies to set up global shared services centers and outsourcing of HR processes.

y Recently, HR-IT has gained significance since most

organizations have been using technology to :

transform HR, to increase HR productivity, to improve employee experience and to maximize the value of the company's most

important asset employees by aligning their skills, activities, and benefits with business objectives and strategies.

Influence of Technology in HRM


y Human Resources Information System (HRIS)
y Computerized system that provides current and

accurate data for purposes of control and decision making. y Benefits:


y y y y y

Store and retrieve of large quantities of data. Combine and reconfigure data to create new information. Institutionalization of organizational knowledge. Easier communications. Lower administrative costs, increase productivity and response times.

Major Uses For HR Information Systems

Source: HR and Technology Survey, Deloitte & Touche and Lawson Software, 1998.

HRM 1

Impact of IT on HRM
Operational Impact Relational Impact

HRM

Transformational Impact

Contd
y one main impact of the Information technology in

Human Resource Management is HRIS - HR Information System. y This system had penetrated almost all the desks of HR People. y One more growth in the HR with respect to IT is in Recruitment like online recruiting, online assessment, online HR Counseling

Contd
y

INTRANET

The Intranet offers a number of important advantages over printed documents, when it comes to distributing information.
y Much of the material businesses print for internal use is expensive and

time-consuming to produce .

y You can deliver information whenever someone needs it - any time, day

or night. Users simply call up the internal Web page whenever they need the data .

y You can guarantee the information is the latest and most accurate

available, as long as you keep the information on the Web server current. For example, you could use it to deliver daily sales projections

Contd .
y Updating information is easy. Information is

posted on the Intranet using Hypertext Markup Language (HTML). y Because HTML is simple to learn, you don't have to hire a "techie" to update your information - you can simply train the same people who would have previously on paper and distributed it.

IMPACT OF TECHNOLOGY ON HRM-ASSESMENT SHEET Impact Impact Impact High Positive Minimal HRM Process Remarks Positive Recruitment Payroll,Tax plan, benefits like Travel plans T&D,Learning Attendance records and leave benefit Employee counseling Performance Management Legal Compliance Job Portals Software products readily available E- learning but investment intensive Many customized software packages are available Record keeping ,Analysis ERP ERP

Job portals : smaller or lesser known companies avail services of job portals for hosting their requirements.

On Communication On Recruitment On Training and knowledge sharing On Employee productivity

PROS
Helps in faster interaction

CONS
Safety of data

Thousands of Gen Y are getting Credibility of information attracted towards it is still questionable Employers are getting potential It distracts employees and talent from SNS with very hamper productivity small investment Individuals can create their own brand SNS are type of stress busters Have become a marketing tool

Employees may post confidential data Can create a nuisance

HRM IT Investment Factors


y Initial costs and annual maintenance costs y Fit of software packages to the employee base y Ability to upgrade Increased efficiency and time savings y Compatibility with current systems

y User-friendliness y Availability of technical

support

y Needs for customizing y Time required to

implement

y Training time required

for HR and payroll

Softwares

SAPWHAT IS IT

S YSTEMS A PPLICATIONS P RODUCTS IN DATA PROCESSING

Organizational Management Module Overview


Forms the basis for the entire personnel planning and development application Facilitates analysis of the organizational structure Allows planning to develop actual and proposed personnel scenarios

why?

Personnel Administration Module Overview


Establishes organizational hierarchies Used to perform essential personnel administration tasks such as: hiring employees performing organizational reassignments termination from the University salary adjustments Data stored in such a way that you can easily access and maintain at any time

Recruitment Module Overview


Functions you need for working through the entire recruitment process Contains an entire range of powerful, flexible functions that you can use to implement an effective and largely automated recruitment strategy such as: Receipt of application via web access Issuance of recruitment requests Selection process of applicant Applicant pool administration Notification to applicants

Benefits Module Overview


Comprehensive method of administering employee benefits such as: Health (medical and dental) Insurance (Life) Savings (Retirement) Spending Accounts (Medical and Dependent Care) Encompasses the key concepts and processes you need to manage extensive and highly individual benefits packages for your employees Open Enrollment Employee Life-cycle Events (e.g. Marriage, Child, and Separation)

Compensation Management
Module Overview
Toolset for strategic remuneration planning Empowers managers to offer competitive and motivating remuneration
Fixed pay Variable pay Merit increases Promotion

Includes Personnel Cost Planning Allows experimenting with future projected costs

Training & Events Management Module Overview


Enables you to plan and manage business events Training Conferences Interfaces with other R/3 components Basis for extending and updating employees skills and knowledge Flexible Reporting Appraisal functions Provide important decision support feedback to ensure the business events offered are both high quality and effective

Personnel Development Module Overview


Helps compare current or future work requirements with employees qualifications, preferences and aspirations Can contain general measures to impart qualifications so that employees retain or further their professional skills and keep track with technological developments Converts training proposals directly into bookings for employees with qualification deficits or needs

Time Management Module Overview


Enables flexible representation of all personnel procedures involved in recording and evaluating employee time data Infrastructure for time data recording Work schedules Record of planned attendance and absences Recording of attendance and absence Annual and Sick Leave accrual Time evaluation Ability to transfer absence and attendance data to other SAP applications

Payroll Accounting Module Overview


Ability to process payroll for employees using data from SAP Personnel Administration, Benefits, and Time Management
Payroll run (regular and off-cycle) Payroll corrections Payments Remuneration Statements Posting to Financial Accounting Third Party Remittance

Offers a number of standard payroll reports Tax Reporter component allows you to generate all required state and federal tax forms, such as SUI reports and W-2s

ERP
(Enterprise Resource Planning)

1. Tailor made Industrial Product. 2. This system is an integrated computer-based application and normally utilizing a common computing platform. 1. An ERP system can either reside on a centralized server or be distributed across modular hardware and software units that provide "services" and communicate on a local area network. 2. A Business can assemble modules from different vendors without the need for the placement of multiple copies

ERP systems consolidate all business operations into a uniform and enterprise-wide system environment.

It Facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.

Advanced Applications

Customer Relationship Management(CRM) Supply chain management software Purchasing Manufacturing Distribution Warehouse Management System

SAP ERP

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