HRM200 Lecture Notes - Lecture 3: Human Resource Management System, Workforce Management, Data Warehouse

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: William Peckham

Document Summary

Hr technology: any technology that is used to attract, hire, retain and maintain talent, support workforce administration, and optimize work-force management. Technology has made it easier and faster, to gather, collate, and deliver information and to communicate with employees. Research indicates that companies who use technology effectively to manage their hr functions are more effective than those that do not. Technology enables the reduction of the administrative burden, resulting in lowering basic transaction costs. Proactive hr professionals leverage technology to improve the design and delivery of basic hr services. In order to do so, hr professionals develop business knowledge with respect to the key drivers of organizational productivity and become cognizant of costs associated with enhancing efficiencies and effectiveness of the workforce. Reducing administrative and compliance activities through automation is considered necessary if hr is going to liberate itself from these day-to-day activities.