ROLES AND BENEFITS OF TECHNOLOGY IN HR MANAGEMENT

ROLES AND BENEFITS OF TECHNOLOGY IN HR MANAGEMENT

Technology has changed the way businesses used to run and process to enhance productivity. Along the way, technological advancements did not only influence business processes but completely changed the operations of organizations and departments. These days, departments like finance, operation, and human resource management are fully integrated with information technology and innovative techs to improve efficiency and reduce expenses and errors.

This article is dedicated to exploring different roles and benefits of technology in human resource management (HRM) and its types. The article will also investigate the ways to measure the impact of HRM technology.

Role of Technology in HRM

Innovative technological advancements have changed the ways we used to utilize our resources because today, instead of people, we direct computers and technology for business operations. Businesses are experiencing more efficiency and more results with the help of technology as they leverage state-of-the-art human resources technology for attracting and hiring desiring candidates, enhancing retention of top-performing employees, and providing support in administration and management.

HRM technology can easily generate measurable results efficiently for managers and the team. Employees are assisted by HR and IT professionals for supporting and enhancing their operations to attain their desired goals.

Key Roles and Benefits of Technology in HRM

• Better services to all stakeholders
• Enhanced management
• Effective and efficient recruitment
• Data management and critical analysis
• Cost reduction and increased productivity
• Improved customer service and inventory management
• Automation of HR services
• Easy availability of business services

Types of HRM technology

The human resource technology has its own set of tools in case of business operations and they are mentioned and briefly explained below:

Human capital management (HCM)

HCM is a comprehensive approach that is responsible for managing organizations’ valuable asset i.e. people/ employees. Both strategic and technological components of organization can be easily addressed with the help of HCM enhancing all HR activities. In a nutshell, human capital management can plan and manage people’s productivity.

Human resource information systems (HRIS) and human resource management systems (HRMS)

Sometimes, HRIS and HRMS are used interchangeably in big corporations to represent technical system of HR operations. HRIS and HRMS are used for employee data management, payroll distribution, and benefits management.

HRIS and HRMS describe technological solutions, but don't necessarily tie into broader strategic planning or management philosophies.

HRIS and HRMS can give companies access to high-quality information, while potentially reducing workloads and the risk of propagating inaccurate data.

HR management system also plays critical role in efficient recruitment and management process.

• Today HR technologies are used to analyze market, match job skills and identify competencies, detect incompetence in job descriptions.
• Employee servicing and automated HR technologies enhances productivity to retain, disseminate, obtain, and update personal information.
• Learning management systems like e-learning portals help employees to get engaged, focused, and continually improve skills.

What are the other benefits of HR technology?

Some of the other benefits of HR technology in today’s competitive organizations are listed and briefly discussed below:

• Faster recruitment and staffing process
• Effective time management through easier and smooth scheduling
• Improved oversight and compliance through customized alerts and pay rules
• Informed and improved decision making
• Productive and effective time