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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.
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.
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.
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.
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
support
implement
Softwares
SAPWHAT IS IT
why?
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
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