ezHRtm - The Knowledge Economy Tool The knowledge-based economy has brought forward the need, greater than ever, to source the “right” kind of human resources. Today, to gain competitive edge in the market, Human Resource Management is one of the critical areas. Existing forces of labor markets, concerns about talent retention, productivity, and profitability, organizational survival hinges on a business' ability to manage resources, move quickly, and remain competitive in an ever-dynamic market. Hence in this environment, regular evaluation and improvement of employee performance and productivity has acquired more relevance than just an administrative detail – it is now a key business strategy. The Right Human The use of an experienced team to lead the Projects is essential. It is also important to involve all levels on the way, because this is not a project that only affects practitioner levels. Discovering those people that are too busy to work on projects-for they are the ones that know how to make projects succeed. Further requirements are senior people with experience to lead the effort in your organization. If an organization does not possess the experience, they should hire it from outside, but also ensure that consultants will work with organization's strengths and that the organization’s employees will work with them. An organization should not lose its unique qualities-unless those qualities are chaotic in nature. A software-based evaluation system built in with an efficient Resource Management System help making informed and faster decision on “THE WHO” for projects. ezHR helps companies build systematic databases of a potential human resource pool. It is a comprehensive solution starting from internal request to appointment. It helps save valuable time and resources. Highlights: External Online Applications of potential candidates Secure access control interface Important fields are databased for future reference “Update CV” feature gives current and up-to-date information about candidates Human Resource Capital increases as time goes by Online eMails for setting up interviews and managing appointments Intelligent Analyses of data gathered Internal Employee Files including job profiles are available to Human Resource Department for reference Built-in Performance Incentive Forms are duly completed by employees and submitted to Head of Departments online. Evaluations can be 90, 180, or 360 degrees The digitized forms are completed and HR department can calculate the Performance incentives with the click of a button Manage employment expenditure with MIS on a variety of costs Budgets and forecasts vis-à-vis actual performance can be monitored more efficiently. Conclusion The shift towards software-aided management systems continues to gear forward. Thousands of organizations have dramatically increased effectiveness in their processes without adopting an entirely new philosophy with the assistance of software-aided systems. This ease of implementation, combined with a significant reduction in administrative costs, easily justifies cost of the product and its return on investment (ROI). Worldwide acceptance, coupled with an increasing recognition of total performance management as a key factor in reaching business objectives, make it evident that software-aided management system are here to stay. And the question for performance-focused organizations is not whether they will but when they will implement this technology.