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HRIS Discussion.docx - When determining the financial...

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When determining the financial implications of an HRIS, there can be tangible and intangiblecosts. Identify at least one tangible cost associated with implementing a new HRIS and discussthe impact it will have on the HRIS implementation. What might be an intangible costassociated with not implementing an HRIS?There are numerous tangible and intangible costs when implementing a new HRIS. Tangible costs arethose costs that are physically paid for with money and intangible costs are for things such as the time itmay take for employees to learn how to use a new system. The financial cost to an organization can beexcessive when looking to implement a new HRIS, and while human resources is not typically looked atlike they are a profit center, the key is to build a strategic business case for the implementation and the“the business case should focus on reducing administrative and processing costs, increasing efficiencies,

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