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2 pages/≈550 words
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2 Sources
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APA
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Business & Marketing
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Essay
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English (U.S.)
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Human Resource Information System (Essay Sample)

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What are some ways that technology can help companies and leaders to manage compensation, benefits plans, and associated costs? How does managing employee compensation relate to overall business goals? Provide examples from a managerial perspective. Select an HRIS and discuss the ways that this system could be utilized to manage compensation and benefits.

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Human Resource Information System
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Human Resource Information System
Technology can help companies and leaders in managing compensation, benefit plans and associated costs in various aspects. In this regard, an employee benefit refers to disability insurance, life insurance, retirement plans, and vacation among others. According to the report by the Society for Human Resource Management (2002), technology is the primary driver of change in HR. In particular, continuous technological innovations will change the manner in which human resource task is accomplished. For instance, technology can assist the company in connecting the employees to organizational goals. The latest advancement in technology could assist companies and leaders in various administrative roles. This facilitates the HR to focus on the company's strategic goals. In this case, Parry (2013) contends that the entire process of compensation requires a strong ...
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