The HRIS solution - Express Hospitality - 0 views
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The Human Resource Information System (HRIS) is a software, an online solution for the data entry, data tracking, and data information needs of the Human Resources (HR) and management functions within a business. Normally packaged as a data base, hundreds of companies sell some form of HRIS and every HRIS has different capabilities.
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Information technology assists HR in managing both a sea of information and the money spent on benefits plans. Today’s CEO will want to know what percentage of the HR department is contributing to shareholder value in a clear and unambiguous manner just as he does of other departments. In order to achieve this, HR will need to become far more clear about how to measure their contributions and will definitely need a different level of sophistication in its tools to achieve this.
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Future of human resources analysis has to be linked to other key performance indicators such as revenue and profitability. HR professionals must understand the organisation’s business plans and the operational, financial and customer-facing goals they are expected to achieve. Then they should associate these goals with the existing workforce metrics.
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New business intelligence technologies offer HR departments the ability to invest in Human Capital Management analytics solutions designed to yield the insights essential for making informed decisions on HR. Business intelligence allows HR departments to become a strategic asset within the organisation. It helps the HR department make key decisions around recruitment, planning, and budgeting to support the strategic goals.
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The article described how HRIS is important and useful to a company. Usually, it can help manage kinds of HR related information; it can help with hire, training and measuring. But this article also referred that it can manage the money spent on benefit plans. Today's CEO need to know how much the HR can contribute to the shareholder.So future of HR analysis has to be linked to other key performance indicators such as revenue and profitability and investing in new HRIS software is need of the hour.