Premium Essay

Hrm 520

In:

Submitted By ECDAW
Words 1456
Pages 6
Project Management
Construct a Cost-Benefit Analysis matrix for an organization that is considering replacing its internal payroll system with a payroll outsourcing service. Include direct and indirect revenue enhancements and direct and indirect cost reductions. For an organization which is considering replacing its internal payroll system with a payroll outsourcing service, the direct revenue enhancements and cost reductions for a company which is into internal payroll system may include increase in productivity of the company’s employees since they can now focus on doing more productive things, and improve the profitability. For instance, this holds true for small businesses with employee strength of 10-20. Moreover, the other direct cost reduction could be avoiding IRS Penalties. According to the IRS, 40.00% of small businesses pay an average penalty of US$845.00 per year for late or incorrect filings and payments. Outsourcing of payroll may help the company to avoid the penalty notices. The other direct revenue enhancements could be reduction on transaction costs. The outsourcing company may enable the employees to claim Reimbursement statements and other things online. The indirect revenue enhancements could be building brand in the other countries. For instance, the outsourced company features its partner’s Logo Branding which enables the company to display the company name, and logo in all employee and client access pages. The other indirect cost reduction could be the use of best technology. This holds very true for small businesses which don’t have technology strengths such as latest version of payroll software and the most recent tax tables installed on their computer. Assess the risks associated with integrating a new payroll system and suggest what the project management team can do to minimize those risks. New payroll system ha sot be integrated

Similar Documents

Premium Essay

Hrm 520

...Assignment # 1 “Systems Consideration in HRIS” Willanna Davis Professor: Dr. Sue C. Golabek HRM 520 – HR Information System July 14, 2014 Use the internet to research and evaluate two (2) commercial HR database systems for your organization. Evaluate the advantages and disadvantages of each system and, based on your knowledge of human resources and database systems, propose one (1) package that would fit the needs of your organization. Suggest three (3) specific reasons why you would recommend that system over other. The HR database system offers numerous features. Some of the features manage the hiring and training while other features manage the performance and benefit management. The first database system I researched was Paycom, which helps businesses modernize their employment practices from employing through termination, or retirement and all in between. The software addresses recruiting onboarding, time & attendance, payroll processing, benefits, coaching and performance management, and terminations. Paycom offers a thorough system that not only offers a system that allows for easy implementation but it is also cost efficient. The second company I researched was Capterra. Capterra is another database system that helps with all of the HR needs, they are fully integrated, web-based suite automates and simplifies performance appraisals, 360 degree feedback, teaching management, job descriptions and recruiting. They offer suites to fit...

Words: 925 - Pages: 4

Premium Essay

Hrm 520

...E-compensation Dr. Dana Richmond HRM 520 March 6, 2013 Strayer University Assess the advantages and disadvantages of using a Web-based compensation tool versus a client-server based or stand-alone PC-based system and then give your opinion on which system would provide the most value to an organization’s stakeholders. Include three (3) facts to support your opinion? A few advantages of using the web compensation tool are, first web compensation tools can increase access to critical compensation information without the need for sophisticated or dedicated IT staffs and sophisticated technology infrastructures. Information can be accessed electronically or on an as needed basis. The second advantage is that e-compensation tools enable round the clock availability of meaningful compensation information to senior managers, Human Resources (HR) managers and employees, Whereas with a client based server applications are installed on a user's computer or workstation, and interact with data and programs on a server and this information is not readily available round the clock. The third e-compensation tools can streamline cumbersome tasks through the introduction of workflow functionality and real-time information processing, (Gueutel, 2005, p. 167). A disadvantage to the web-based compensation tool in comparison to a client based server is you have to constantly deal with security issues which include breach of information. The system that would essentially...

Words: 1661 - Pages: 7

Premium Essay

Hrm 520

...The function of leading is the process of motivating employees to perform at their best. Hershey’s is a company that truly values their employees as the company’s website clearly states. Hershey’s mission statement reads, “Bringing sweet moments of Hershey happiness to the world every day. To Hershey’s employees this means winning with an aligned and empowered organization…while having fun.” This is a reflection of the organizations culture and its dedication to company employees. Controlling is the process of monitoring development and applying modifications. Hershey’s must be aware of how internal factors can affect control. By reviewing annual reports Hershey’s can get a general idea of what products are selling. If sales are low, marketing may need to see about alterative marketing strategies. Hershey’s excels in the fact that they view employees as valuable resources. Hershey’s wants employees to feel empowered in their decision-making. Empowerment makes for a positive work environment. Since managers are to use the function of leading to stimulate employees, managers must lead in a positive manner. On Hershey’s website, the corporate philosophy states that Hershey’s “maintains a strong "people" orientation and demonstrates care for every employee.”(The Hershey Company) That is a grand portrayal of leadership for employees all over the globe. No matter what language is spoken every employee wants to feel valued and appreciated. The function of controlling allows managers...

Words: 1083 - Pages: 5

Free Essay

Hrm 520 Assignment 2

...Job Analysis/Job Description Latoya Roberts Dr. Jennifer Young Strayer University HRM530: Strategic Human Resource Management October 31, 2015 Job Positions/Job Analysis The 17 billion dollar franchise model company that most know as 7-Eleven is 82 years old, operating over 36,000 convenience stores across the US with a mission to be better. (Undercover Boss-7 Eleven, 2014). This enterprise offers thousands of different job positions that permits the organization to have continued success. Most organizations perform a job analysis to guarantee that the selection procedures they utilize to choose between job applicants are effective but defensible and measure knowledge, skills, abilities and personal characteristics to perform the job requirements (Stewart & Brown, 2011). The 7-Eleven enterprise has several positions that are essential to the customers, like the Night-shift clerk and the Delivery truck driver. These two positions impact the consumer on different levels, unlike the night-shift clerk the delivery driver has little contact with the client. A delivery truck driver and night clerk are entry level positions. The night clerk ensures that all customers are serviced and that merchandise is readily available for purchasing. Delivery truck drivers are responsible for ensuring products are in the store for the client. Customers expect the store to be opened with proper staffing 24-hours a day and have suitable merchandise to meet their needs. The night...

Words: 1561 - Pages: 7

Premium Essay

Project Management Hrm 520

...According to Kavanagh, Thite, & Johnson (2012), a cost benefit analysis (CBA) is a comparison of the projected costs and benefits associated with a human resource information system (HRIS) investment. There are guidelines to effectively conducting a CBA and if they are followed properly the information obtained to determine its effectiveness will be accurate. The purpose of the CBA is to improve organizational performance and not to purchase hardware or software. The CBA teams should start with an open mind and not with the mindset of fixing a problem. The focus should be on functionality and not the actual products. The benefits should always be examined first before the cost is discussed. The CBA team should also have a working knowledge of the organization’s policies, procedures, and how the company makes to decision to accurately determine the best decision. Develop the most feasible estimate without being idealistic or conventional. The analysis should be separate from the questions of how best to justify a final decision. Payroll can be a demanding and time-consuming task and many businesses have opt to transfer these services to an external payroll service provider to manage and save the company time, cost, and avoid penalties. A CBA should be conducted to determine rather or not a company should replace its internal payroll system with a payroll outsourcing service. Direct Indirect Revenue Enhancements • Outsourcing payroll services • Better managed payroll and...

Words: 1495 - Pages: 6

Premium Essay

Determining Hris Needs

...Systems Consideration in HRIS In today’s knowledge economy, organizational success depends almost disproportionally on the performance of Human Resources (HR). To increase the effectiveness of Human Resource Management (HRM) organizations are becoming more dependent on human Resource Information Systems (HRIS). A HRIS organizes employee applicant and qualifications, organizational demographics, recruiting, professional development, performance appraisals, payroll, retention, and attrition. Organizations that implement HRIS’s improve the organizations administrative efficiency with faster information processing, improved employee communications, greater information accuracy, lover costs and overall HR productivity improvements (Beadles, 2005). When selecting a HRIS, Human Resources (HR) should consider the efficiencies of using software as a service, the inefficiencies of various Microsoft Access based database software, the risks involved with integrating and combining multiple products into one system, and the consequences of improper database maintenance. In analyzing HRIS’s that would be beneficial in my current organization I chose to focus on HRIS Pro by Micro Systems, and MyHRIS by Nuview Systems. Commercial Database Systems HRIS-Pro information management software allows organizations greater effectiveness in managing HR functions and responsibilities. The advantages of HRIS-Pro are the information systems cost, modular flexibility, expansion capabilities,...

Words: 2068 - Pages: 9

Premium Essay

Systems Consideration in Hris

...Human resource (HR) database systems are in vast abundance throughout the business world today. HR database systems help HR professionals manage and carry out basic functions needed to achieve organizational goals and objectives. Column Case Management HR and HR Quick are two commercial HR database systems. Column Case HR is an easy to implement, web-based HR Services delivery solution addressing collaboration, content management, workflow automation, and integration features to improve organizational performance. Column Case HR advantages include multi-language support, 24-hour access, security features, it capitalizes on HR talent productivity and organizational performance, computerizes and regulates organizational practices and communication, and improves information distribution with extremely versatile, case-specific workspaces. Column Case HR only disadvantage would be its price; smaller businesses might not have the resources to afford its services. HR Quik is a Human Resource Management System that simplifies the processes and procedures of tracking employee information and generating forms that are critical to the employment process. HR Quik advantages include affordability, user-friendly; can easily track history of job, salary, and manager changes, track benefits plans by employee, employment forms are easily generated and ready to print, and running reports are hassle free. HR Quick also doesn’t have any management features that would allow the company to manage...

Words: 1018 - Pages: 5

Premium Essay

Castle's Family Restaurant

...Running head: ADP Functionalities ADP Functionality Kenya Clark DeVry University Introduction My introduction needs no introduction because ADP Vantage Human Capital Management (HCM) does it all. In detail, this software does everything but the employee’s work duties. Its functionality software extends beyond a basic logging system and equips businesses with the tools to improve the company-employee relationship on multiple fronts. A valuable HCM solution may also assist with increasing employee satisfaction and motivation, as well as automate many of the tedious administrative tasks involved in managing human capital. When reviewing software options, it’s important to look for a solution that is customizable to address your company’s specific business needs, easily integrates with your existing payroll and HR software and collects data to produce valuable insights into retention patterns and workforce strengths and weaknesses. ADP Functionality ADP vantage HCM, is one of the most widely used software for HRIS (Human Resource Information Systems) in the United States. With the right training from management, employees would remain motivated and begin to enjoy the company while increasing their absenteeism, and their respect for their company while making the employee’s feel like they are a part of a family outside of home. The employees would start feeling a sense of appreciation. A happy employee causes a happier work environment. Business Assessment The ADP Vantage...

Words: 445 - Pages: 2

Premium Essay

Riordan

...Running head:   Human Resource System Executive Summary In 1992, Riordan Manufacturing Inc., implemented and established human resource information system (HRIS), which was included as part of a financial package. The HRIS package included functions such as maintaining personnel information, pay rate and tax information, hire and seniority dates, vacation leave for non-exempt employees, and organizational information. However, certain areas of the HRIS could be improved upon and developed. One area that needs improvement is the network communications between headquarters and all the Riordan plants. Improvements are also needed in central repository, resume storage, maintaining training and knowledge skills information, online employee user interface, and a central location for updating and maintaining employee personal and professional information. Improving the current HRIS activities would be advantageous to Riordan leadership and their employees. Hugh McMCauley, the COO for Riordan Manufacturing requested that the human resources (HR) system be analyzed to integrate the existing variety of tools in use in the present day to a single integrated application. The request will take advantage of a more sophisticated look for information systems technology in the HR department at Riordan Manufacturing. After the project is to be completed, Riordan Manufacturing will then be left with a detailed project plan that will provide a list of tasks, resources, schedule and budget required...

Words: 3888 - Pages: 16

Premium Essay

Hris

...Lawson.com | Industries of all types and sizes, with a particular emphasis on the healthcare and US public sectors | UltiPro HR | UltiPro Workforce Portal, eEmployee Self-Service, eManager Self-Service, eAdministration, eHuman Resources, ePayroll Processing, eRecruitment, eBenefits Enrollment, eReporting and UltiPro Business Intelligence, Position Management | SAAS, cloud | Customer videos, whitepapers, video casts, company documents, podcasts. | Ultimate has a comprehensive and well structure website. It is very informative with all kinds of introductive videos and descriptions. Attractive website. | Ultimatesoftware.com | Industries of all types and sizes (ranging from 200 – 1000+ employees) | Oracle | Human Resources, HCM Warehouse, HRMS Portal Pack, Employee Benefits and Compensation Modules, Recruiting Modules, Payroll Modules, eDevelopment, Learning Management, ePerformance, Workforce Planning, Absence Management, Directory Interface, eProfile, Time and Labor. | SAAS | Oracle Premier Support, Oracle Advanced Customer Support Services, My Oracle Support, Training. | The website is well categorized, and the interface is very fancy. It is informative as well, and it will attract many potential...

Words: 353 - Pages: 2

Premium Essay

Castle’s Family Restaurant Business Plan: Stage Iii

...Executive Summary Castle’s Family Restaurant has been a highly successful restaurant operating in the northern California area for the last thirteen (13) years. As a family-owned chain, the restaurant as proven success by operating eight (8) restaurants under the family name. In an effort to continue achieving the high levels of success that it has experienced over the years and possibly expand further, certain aspects of the operation of the company will have to be controlled by technology. One such area is the HR process that has become a manual, time consuming, daunting process. Castle’s can improve their HR operations and support their growing company overall, by implementing a web-based HRIS. After much research and evaluating the needs of the organization my recommendation to help with automating the HR process would be Asentis. This web-based software would be an asset to the restaurant chain. It would assist the operations manager, Jay Morgan is carrying out his duties in a more time effective manner rather than driving from store to store to deal with HR issues. Asentis is secure, comprehensive, caters to the needs of a growing business and is very easy to use. Asentis will assist with the payroll process and other aspects of the business including scheduling, benefits management etc. Additionally, with a staff of 340 plus, having this system will allow for better scheduling which can also be tied into the payroll system once implemented that way. The software...

Words: 2690 - Pages: 11

Premium Essay

Cj Resume Writing

...cjteague1992@gmail Home:   (520) - 220-6613  | Work Experience | FIRST WEST PROPERTIES CORPORATION (5/2012 – Present) – MAINTENANCE TECHNICIANSierra Vista, ArizonaSupervisor: Shannon GlaserDuties: Responsible for overall maintenance of 250 unit apartment complex. Repair structures such as showers, sinks, appliances, doors/cabinets and walls. Make units ready for new move-ins. Responsible for 24hr emergency maintenance. Complete grounds work such as grounds pick up, sweeping and light landscaping as well as minor pool maintenance.AEGIS COMMUNICATIONS (03/2012 – 01/2010) CUSTOMER SERVICE REPRESENTATIVESierra Vista, ArizonaSupervisor: Deb CornegayDuties: Inbound call center representative for medical insurance company contract. Also provide online customer services via email and real-time chat. CINEMARK (01/2009 - 09/2009) - CASHIER/USHER Sierra Vista, Arizona Supervisor: Maureen - (520) 458-1936 Duties: Cashiers total bills, receive money, make change, fill out charge forms, and give receipts. Food and drink preparation, maintain a clean and orderly work environment. Direct patrons to their seats, assist to find telephones, restrooms, and the refreshment stand. Ensure that fire exits are clear and unlocked. Help patrons search for lost items, keep unruly people under control, and ask people who are sitting in the wrong seats to move. KENTUCKY FRIED CHICKEN (06/25/2008 - 12/20/2008) - FOOD SERVICE WORKER Sierra Vista, Arizona Supervisor: Monique Vass - (520) 458-6800 Duties:...

Words: 318 - Pages: 2

Free Essay

Doc, Docx, Pdf, Wps, Rtf, Od

...#508 ART 102 (Sec-U) NKD #402 CSC 103 (Sec-H) HR #606 ENG 101 (Sec-B) SR #607 ENG 101 (Sec-D) ATMSA #405 ENG 101 (Sec-H) NF #603 ENG 101 (Sec-G) SR #607 ENG 101 (Sec-C) LAM#604 ENG 101 (Sec-D) ENG 101 (Sec-F) JU 10:40-1 ll:45l:40am 12:45pm CSC 103 CSC 103 (Sec-A) SM (Sec-I) #323 MSS#402 CSC 103 (Sec-J) MMR #520 CSC 103 (Sec-K) PB #521 CSC 103 (Sec-U) PPP #601 CSC 103 (Sec-T) DAS #602 2:00-3: 00pm CSC 103 (Sec-I) MSS #402 CSC 103 (Sec-J) MMR #520 CSC 103 (Sec-K) PB #521 CSC 103 (Sec-U) PPP #601 CSC 103 (Sec-T) DAS #602 ART 102 (Sec-H) MMI #403 ENG 101 (Sec-H) NF #603 ENG 101 (Sec-C) LAM #604 3:05-4: 05 pm ART 102 (Sec-A) NKD #403 ART 102 (Sec-B) KK #401 ART 102 (Sec-C) MMI #507 ART 102 (Sec-T) SAC #508 ENG 101 (Sec-N) SI #621 4:105:10pm CSC 103 (Sec-L) MAH #502 CSC 103 (Sec-M) MAB#503 CSC 103 (Sec-N) MSS #504 CSC 103 (Sec-O) DMAH #505 CSC 103 (Sec-P) SR #506 CSC 103 (Sec-Q) MSA#507 CSC 103 (Sec-R) HR #508 CSC 103 (Sec-S) PPP #520 MAT 107 (Sec-T) ZH #521 MAT 107 (Sec-A) 5:15-6:15pm CSC 103 (Sec-L) MAH #502 CSC 103 (Sec-M) MAB #503 CSC 103 (Sec-N) MSS #504 CSC 103 (Sec-O) DMAH #505 CSC 103 (Sec-P) SR #506 CSC 103 (Sec-Q) MSA #507 CSC 103 (Sec-R) HR #508 CSC 103 (Sec-S) PPP #520 MAT...

Words: 19305 - Pages: 78

Premium Essay

Human Resource Practice in Commercial Bank of Bangladesh

... | | |Course |Section |Course Teacher |Room | |SATURDAY |MKT 607 Service Marketing |Sec-A |Prof. Dr. Horipada Bhattacharjee |B/307 | | |FIN 604 Fin. An. & Control |Sec-A |Prof. Dr. Md. Rafiqul Islam |B/303 | | |FIN 604 Fin. An. & Control |Sec-B |Ms. Pallabi Siddiqua |A/308 | | |HRM 602 Industrial Relations |Sec-A |Mr. Dipak Kanti Paul |A/312 | | |MGT 431 Business Communication |Sec-A |Mr. Sahin Ahmed Chowdhury |A/501 | |SUNDAY |MGT 432 Organizational Behavior |Sec-A |Ms. Nahid Sultana |B/307 | | |MGT 432 Organizational Behavior |Sec-B |Mr. Akbor Ali |B/303 | | |MGT 432 Organizational Behavior |Sec-C |Prof. Dr. Nazrul Islam ...

Words: 1035 - Pages: 5

Premium Essay

Proposal of Term Paper for Hr Planning

...March 14, 2013 Muhammad Abdul Baset Lecturer, Department of Management Studies Jahangirnagor University Course Instructor, EMBA-520: Human Resource Planning Subject: Proposal for preparing term paper. Dear Sir, With due respect, be informed that, as a part of our course objectives, we listed below our proposals for term paper Proposed Topics: 1. Reasons of HRP Failure in Local Industry (BD). 2. Problems of HR Managers and HR department in Local Industry (BD). 3. Facts those make HR Managers frustrated in Local Industry (BD). Purpose: To find out the reasons behind the failure of HRM practice as well as problem analysis of HR managers and HR department and how HR managers become frustrated in local industries of Bangladesh. Our aim is to prepare a clear, concise, complete term paper which will be very easy to read and very friendly to understand so that every level of employees will feel the importance of HRM. Scope: HRM practice is now at the stage of new born baby in the local companies (Except Bank, large group of companies in Bangladesh) but in multinational company they enjoying the youth of HRM. So, this is the right time to grow up HRM practice in local industries. Strengths: All of our group members are employed in different organization in BD. This is our main strength of our team. Opportunities: As we are employed and we have a network among different professionals, we will get the opportunity to collect data and...

Words: 398 - Pages: 2