Paper Topic:

Web Based Compensation

WEB BASED COMPENSATION AND EMPLOYEE SELF SERVICE TECHNOLOGY

Running Head : Web Based Compensation and Employee Self Service Technology

WEB BASED COMPENSATION AND EMPLOYEE SELF SERVICE TECHNOLOGY

In APA Style

2007

Executive Summary

Web Based Compensation and Employee Self Service Technology

Introduction

Human resource is the most important asset of most global organizations Human resource department is generally considered as a vital component of any organization . The role of this department is crucial in supporting organizations to achieve their goals and corporate objectives . The absence of a good

and dependable human resource department will lead to decreased capability of performing organizational tasks and will further lead to an overall poor organizational performance

Decades ago , organizational leaders discover that Information and Communication Technology (ICT ) has a tremendous potential in helping firms manage their human resource businesses . Since then , managers strived to take the full advantage of technology in enhancing effectiveness and efficiency of human resource activities , like managing payroll , recruitments , retirements , benefits , insurance , etc . Today , in line with the popularity of globalization and corporate internationalization concepts , human resource activities becomes more complex and burdensome . Thus , in facing such challenges , the practice of ICT in human resource is viewed as the only solution

In this , I am elaborating one of the most recent developments in HR practices , which are the Web-Based Human Resource Services . In to enhance HR activities to their maximum efficiency and effectiveness firms no longer hesitate to ask for the help of outside entities which have more experience in the field . Web based HR services has been increasingly popular in today 's business environment , however , not all of them constitute outsourcing activities . Multinational companies often used web-based HR technology to provide HR services to their employees in distant countries (Mercer Human Resource Consulting , 2006

In this , the focus is on web-based compensation activities and web-based employee self service technology . I will elaborate the historical background of the technology , how the technology has developed , and the strategic values within implementation of the technology . Furthermore , I will also elaborate several issues regarding the application of the technology and how to actually implement the technology in business firms Background of the Technology

The development of web-based compensation system occurs since there is the need to provide fair compensation system according to employees performance not based on the management 's subjectivity

In addition , research indicates that about 77 of corporate expenses come from workplace expenditures . It means that the corporate should provide competitive salary in to motivate people and to prevent decreasing motivation . Meanwhile , pay too much to employees will decrease the corporate margin

According to ePRISM , an overpayment of 2 of 1 ,000 ,000 of employees salary expense will have no significant impact on increasing motivation of high-performing employees . Meanwhile , underpayment about 5 of 50 ,000 of an employee wage is enough to be a reasonable excuse for high-performing employees to move to competitors but still keep marginal employees to stay (Mercer Human Resource Consulting , 2007

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