E-HRM: A TOOL FOR COST REDUCTION IN ORGANISATION

Abstract

In this transforming business world, technology is become an integral part of every individuals and the organisations. The usage of technology particularly information technology and web technologies (computers and internet) helps the individuals and the organisations to simplifying the daily tasks and solve the problems arises in day to day activities. It helps the organisations in some business processes and enhances the efficiency of organisational performance. In this contemporary business, information technology tools are essential to make the business processes effectively and efficiently. Increasing competition in the current business world, pressurise every organisations to start realising the importance of information technology in the business and implement new innovative ideas to stay alive in the cut throat competition market. Every department of an organisation plays an important role in the success story of the company, especially the human resource management department. The implementation of information technology to this department in an organisation will develop a new concept as E-HRM. According to some researchers, the implementation of IT in HRM has various effects on the traditional way of human resource management processes either positive or negative. The main focus of this paper is on the positive side of E-HRM and its application to reduce the cost in an organisation. In this research paper, the researcher tries to represent the facts in two different themes such as one is the available definitions in the existing literature so far and other theme will be to represent how the application of E-HRM will leads to reduce cost. For the above purpose, the data collected for is secondary in nature and has been collected from the various known databases such as EBSCO, EMERALD, PROQUEST, GOOGLE SCHOLAR etc. and for the study, the researcher also gone through the various articles from different libraries. In doing so, this study can offer an in-depth knowledge and understanding of e-HRM and its effects on cost.