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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

In this chapter, we stated that many organizations view their human capital as an important variable in the formula for economic success. Discuss the role the HR management process plays in optimizing an organization’s human capital.

Summary Introduction

To explain: The role played by the HR managmeent process in optimizing the human capital of an organization.

Introduction:

Human resource (HR) management and Payroll process:

Human resource management is about the basic human management functions in an organization and its associated activities. It also speaks about the relationship between human resource management activities and the payroll process. It also depicts the importance of HR activities in the decision making of the top management.

Explanation

The role played by the HR managmeent process in optimizing the human capial of an organization:

  • The HR management process tracks and stocks data regarding the workers activities such as the location, skills, performance and benefits assigned to the person.
  • It creates forms and documents for individual evaluations, benefits and contract negotiations.
  • It makes the management reports for the planning of human capital needs, training requirements, leveraging the human capital skills and so on.
  • HR process supports the safety, health services and benefits management for the employees in the organization.
  • It helps in maintaining the employee and industrial relations...

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