Resource Management
The process of using a company's resources in the most efficient way possible. These resources can include tangible resources such as goods and equipment, financial resources, and labor resources such as employees. Resource management can include ideas such as making sure one has enough physical resources for one's business, but not an overabundance so that products won't get used, or making sure that people are assigned to tasks that will keep them busy and not have too much downtime.
The function of the Resource Management involves tracking employee histories, skills, abilities, salaries, and accomplishments. Replacing certain processes with various levels of Resource Management systems can distribute information management responsibilities so that the bulk of information gathering is not delegated strictly to HR. By allowing employees to update personal information and perform other tasks, information is kept more accurate and HR professionals are not bogged down. Each module performs a separate function within the that helps with information gathering or tracking. Resource Management modules can assist with:
- Timing Sheets
- Project Allocation
- Clients Management
- Projects Management
- Leave Management
- Managing payroll
- Recruitment and onboarding
- Gathering, storing, and accessing employee information
- Keeping attendance records and tracking absenteeism
- Performance evaluation
- Benefits administration
- Learning management
- Employee self-service
- Employee scheduling
- Analytics and informed decision making
Resource Management is a combination of systems and processes that connect human resource management and information technology. Resource Management may help to revolutionize a workplace.
