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With any investment within an organization, a cost–benefit analysis should be conducted prior to allocating any financial benefit or time into the process. Watch the following video to learn the basic steps in conducting a cost–benefit analysis (3:11).
Employers are constantly seeking ways to lower the expense of running their operation. Watch the following video to learn how human resource management departments can help lower operational costs through a number of means, such as HRIS programs (4:07).
Read the following article on the cost benefit of human resource management. A number of HRM factors are covered in this article, including the cost benefit of incorporating a human resource information system into an organization.
The following article provides a thorough breakdown of factors to consider when looking at implementing a human resource information system into an organization and the cost incurred in doing so.