E-Hrm and How It Will Reduce the Cost in the Organization

Asia Pacific Journal of Marketing & Management Review_________________________________________ ISSN 2319-2836 Vol.1 (4), December (2012) Online available at indianresearchjournals.com

E-HRM AND HOW IT WILL REDUCE THE COST IN ORGANISATION

Mr. K. REDDI SWAROOP

Research Scholar, Department of Management Studies, Sri Venkateswara University, Tirupati, A.P – 517502, India.

ABSTRACT This paper mainly concentrates on how e-HRM will be useful in reducing the cost in the organization. e-HRM is using of information technology for both networking and supporting at least two individuals or more than two in their shared performing of HR activities and practices. E-HRM is different from HRIS (Human resource information system) and Virtual HRM. EHRM is mediated by information technologies to help the organization to acquire, develop, and deploy the intellectual capital. It is a web-based solution that uses the latest web based application technology it is online and real-time Human Resource Management Solution is possible through e-HRM. The e-HRM technology provides a portal which enables managers, employees and HR professionals to view extract or alter information which is necessary for managing the HR of the organization and for making decisions quickly. The World Wide Web has helped modify many HR processes including human resource planning, recruitment, selection, performance management, work flow, and compensation. These new systems have enabled HR professionals to provide better service to all of their stakeholders (e.g., applicants, employees, managers), and it can reduce the administrative burden in the field. And it is very cost effective.

KEY WORDS: e-HRM, cost effective, making decisions quickly

INTRODUCTION:

e-HRM is a good way of implementing HR strategies, policies, and practices in organizations through a continuous and directed support by full use of web-technology-based channels and networks. The word 'implementing' in this context has a broad...