Human Recource Managment Essay Example | Topics and Well Written Essays - 1500 words

Human Recource Managment - Essay Example What’s more, exchange of information is critical in creating competitive advantage for organizations. Since numerous markets are somewhat flooded with many organizations making efforts towards similar core competencies, firms are forced to enhance their information dissemination in order to produce a sustainable competitive advantage. The information age and its revolution has budged organizations away from being nearsightedly concerned with the utilization of tangible assets towards a holistic and unwavering interest in leveraging intangible assets, such as the management of information dissemination as a way of ensuring that competitive advantage is developed. Impact on business Dissemination of business information is a source of competitive advantage. Dissemination of information facilitates communication across all organizational boundaries, such that the entire business is able to seize the available opportunities and address its challenges by bringing all the stakeholde rs on board. In view of this, managers are able to use information dissemination as a tool of fostering productive and collaborative exchange between employees. With effective dissemination of knowledge, businesses are able to increase influential decisions significantly, since all the origination’s stakeholders are able to gain access to important strategic opinions, instead of holding such information on the hands of high-level management only. What’s more, by allowing employees to have access to each other, those who have the most current information are able to share it with those who derives benefit from it, rather than going through upright channels of upper management. In view of this, the organization is able to make quick decisions and implement them successfully. Integration of technology and HR Since Human Resources are one of the most critical assets in an organization, it is important that its adoption of technology is at the same level with marketing, pro duction or finance. This includes automation of performance appraisal systems, payroll, and employee benefits. Furthermore, deployment and management of technology in an effective way, means that any business organization would require knowledge workers, and it is the responsibility of HR function to manage the knowledge workers. This makes integration of technology and HR a must. Therefore, the point on adoption of technology in HR is very important because it is about efficiency of Human Resources, which is a very important tool for competitive advantage. Impact on business Integration of technology and HR facilitates harmonious, complementing and enhanced co-existing of business functions. While technology plays an important role in enhancing effectiveness of HR, adoption and managing of change is enhanced by HR that is brought about by the technology. Integrating technology and HR functions leads to successful business strategy execution, employees’ contribution, administ rative efficiency and capacity for change. All these are fulfilled through the contribution of workers, including development, staffing, benefits, compensation, highly performing teams, among others. Actually, technology is bringing about the highest number of changes in the HR market. Besides, implementing of Human Resource Information Systems (HRIS) has a strong impact on business excellence, since this reduces