What are the major factors to consider when an organization is considering upgrading or implementing a new human resource information system as it relates to project implementation costs and security of confidential data?
Specifically, the following critical elements must be addressed:
- Capture projected implementation costs of the new HRIS
- hardware, software, software license fees
- facility upgrades required (electrical, mechanical, remodeling)
- headcount increase to recruit new skill sets, as compared to cost reductions, e.g., employee headcount reductions due to automated data collection, job eliminations, cost savings due to elimination of legacy systems
- Return on investment (ROI) calculated over a four-year period
- Develop recommendations that:
- Balance the requirement to maintain the security of proprietary and confidential data with the need for self-service maintenance and access by employees