A unified data model provides a single, accurate view of HR activities ranging from recruitment, employment, training, performance management, compensation management and real time management. Oracle human resource leverage workflow and internet-based processes optimize various HRM activities. The system maintains global HR data in case of Trans-national companies and total organizational human resource data in case of national companies in a single location for accurate and easy availability. The system of applications of Information Technology (IT) in HRM is referred to as Human Resource Module. HRIS merges some of HRM functions with the IT field, wherein the planning and programming of data processing systems have evolved into standardized routines and packages of Enterprise Resource Planning (ERP) software. ERP integrates the human resource module with finance, production, and sales and administration modules. Generally, traditional HRM functions are common to all organizations. They consist of tracking data regarding personal histories, family details, Continue reading
HRM Functions
Hogan Personality Inventory (HPI) Assessment
Personality tests can have huge benefits for both organisations and the individuals. It can help management with employee selection and employee development and they can help individuals to identify areas of themselves which need improving. The practical nature of these tests can help to weed out unsuitable candidates quickly and easily and it is also a form of selection which can stand up in court. The Hogan Personality Inventory (HPI) itself is a well known and trusted brand of test, due to the model which it is based on and the amount of working adults it is normed on. The Hogan Personality Inventory is a personality test which is a measure of normal personality and is used to predict job performance. This tool has many uses and is used by both organisations and individuals. The HPI was specifically designed to aid business and commercial use and can be used throughout Continue reading
Strategic Human Resource Management in Health Care
Human resource has been recognized as the most important resource to which any business can have access. Previously, the exact role played by human resources in organizations was underrated due to limited research on the topic. However, with more research on the role played by the human resource, as well as analysis of successful firms, it became increasingly clear that human resource plays the greatest role as far as achievement of organizational goals is concerned. With the advent of globalization, various factors began influencing the business environment such as the use of the Internet, effects of competition, and others. Businesses began changing strategies to incorporate the input from the human resource, as this was the only way they could survive stiff competition brought by globalization and technological change. Strategic management of the human resource is therefore essential for the achievement of objectives and goals in any organization. There are various Continue reading
The Cultural Context of Business Negotiations
Considering the potential problems in cross-cultural business negotiations, particularly when you mix managers from relationship-oriented cultures with those form information oriented ones, it is a wonder that any international business gets done at all obviously, and the economic imperatives of global trade make much of if happen despite the potential pitfalls. But an appreciation of cultural differences can lead to even better international commercial transaction-it is not just business deals but highly profitable relationships that are the real goal of international business negotiation. For the efficient and effective international business negotiations few steps are important. Which includes: Selection of the appropriate negotiation team. Management of preliminaries, including training, preparation, and manipulation of negotiation settings. Management of the process of negotiations, that is, what happens at the negotiation and table; and Appropriate follow-up procedures and practices. 1. Selection of Negotiation Teams: One reason for global business successes is the large numbers Continue reading
Family Businesses: Growth Stages and Challenges Faced
Family business can be describe when business own by one or more families members directly or indirectly and have significant ownership and commitment toward the business well being. Family business can be consist of numerous combination of family members such as husband and wife, parents and child, extended family and also multiple generations such as grandfather, father and son. These family members also play roles as stakeholder, board members, working partners, adviser and employees for the company. Generally there are three different stages of family business had gone through in order for the business to growth from inception to maturity. Different skills are required in each stage and family issues might happen when the business moving from one stage to another stage. The first stage is called as start up stage where the business is still new and varies from 1st to 5th year after the company started to venture Continue reading
Principles of Learning in Training
Since training is a form of education some of the principles that emerge from learning theory can be logically applied to training. Learning is the human process by which skills, knowledge, habits and attitudes are acquired and utilized in such a way that behavior is modified. The principles of learning in training provide additional insight into what makes people learn most effectively. The principles have been discovered, tested, and used in practical situations. The following Principles of learning should be satisfied by a good training program: Practice – Employees learn more fast when theory and practice go hand in hand. Employees under training should be given an opportunity to participate in actual work performance. Active Process – The individual learn better when more of his senses are utilized in the efforts and he become more involved in the process of learning. Guidance – Learning is more efficient if it is Continue reading