HRM80015 Human Capital Analytics : Assignment

Added on - 10 May 2020

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HUMAN CAPITAL ANALYTICSIncorporating an ERP system in Human Capital ManagementAuthor:Supervisor:Human Capital AnalyticsHRM80015 Swinburne university of Technology
Executive SummaryGoal Seek company has been experiencing challenges in management in its human resourcesfunctions. After several research conducted on the issues at hand, it has been identified that lackof an ERP system is the main cause of the issues. GS Company has sought to install an ERPsystem for the purposes of addressing the challenges. This report aims at explaining thechallenges at hand and why it’s necessary to implement the system.Table of Contentsi
Incorporating an ERP in HCMExecutive Summary....................................................................................................................................i1.0 Introduction.........................................................................................................................................21.1Aim and Scope...........................................................................................................................21.2Method........................................................................................................................................21.3Limitations.................................................................................................................................32.0 Background..........................................................................................................................................32.1 Problem and Organization..............................................................................................................42.2 Literature Review............................................................................................................................43. Problem Analysis...................................................................................................................................54. Project Proposal.....................................................................................................................................65. Stakeholder Analysis.............................................................................................................................75.1 Employees.........................................................................................................................................75.3 Clients...............................................................................................................................................86.0 Organusational Fit Annalysis.............................................................................................................87.0 Financial fit Annalysis.........................................................................................................................87.1 First Year.........................................................................................................................................87.2 Second-Fifth Year............................................................................................................................97.3 Five year Prediction.......................................................................................................................107.4 Break-Even Point...........................................................................................................................117.5 Return on Investments..................................................................................................................117.6 Reputation and competitive advantage........................................................................................128.0 Risk Analysis......................................................................................................................................129.0 Implementation Strategy...................................................................................................................1310. Conclusion..........................................................................................................................................14ii
1.0 IntroductionGoal seeks (GS) Company operates in the service industry and has grown exponentially in theexternal audit sector over the last few years. Due to the market demand and increasing number ofemployees, the company is experiencing internal issues in managing the human capital resourceof the company. GS has identified that by installing an extension of the existing company ERPsystem to incorporate Human Capital management module, the company will benefit from savedcosts, efficiency and accountability with their human capitalBased on this, GS conducted a problem analysis and prepared a project proposal that will helpthe company in the process.1.1Aim and ScopeThis report aims to outline how the implementation of an ERP system in managing HumanCapital in the organization will achieve efficiency, cost saving and optimal utilization ofavailable employees of the company. The main goal of the report is to convince the ChiefExecutive Officer of the company in implementing the Human Capital Management Module inthe ERP system of the company.1.2MethodThe report will include a literature review that covers an analysis done on other projects,textbooks, web contents, journals and case studies will be done. The six-step model of problem-solving will be used in defining the problem and proposing solutions. The reports aim at buildingcredibility around efficiency and applicability. this is an information type of project which willbe a short and periodic report.1
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