The role of information systems in human resource management

Persistency of the organization, competitive advantage and realization of extra profit, in contemporary environment, are directly connected with balance of the resources available to the firm. One of the key issues of successful business is human resource management and that process is under great influence of modern information technology. Human Resources Information Systems (HRIS) are systems used to collect, record, store, analyze and retrieve data concerning an organization’s human resources, but it is not merely reduction of administrative procedures. The importance of HRIS system is multifaceted, ranging from operational assistance in collecting, storing and preparing data for reports, simplifying and accelerating the processes and controlling the available data, reducing labour costs for HR departments, and providing timely and diverse information to the management of the company, based on which it is possible to make quality strategic decisions related to human capital. The aim of this paper is to highlight the importance of HRIS and to give a comprehensive insight of the subject. Special focus in the paper will be on companies in Serbia, which have started to apply this concept, but in most situations not widely, but just partially. They must be aware that positive results can be expected only if this subject is approached in the right wayHuman resource management, information systems, HRIS, ERP

Guide for National Planning for Setting Up New Data Services

This guide aims to assist interested actors or country teams in developing plans for establishing national data services in the social sciences. The guide helps country teams to include in their plans a mission statement, a governance structure, a description of areas of competence and infrastructure that need to be strengthened, as well as a description of future needs and necessary resources for setting up and maintaining viable data services

Deliverable 3.4: National Development Plans for Data Services in Non-CESSDA Member Countries in the ERA

This deliverable contains the second output of task 3.3 – national development plans for establishing data services in the social sciences in non-CESSDA member countries in Europe. The goal of task 3.3 of CESSDA SaW was to draw up individual national development plans for aspiring CESSDA Service Providers. In total, NDPs have been developed in 13 countries. Nine NDPs are included in this deliverable, while four are still pending approval from national authorities and/or local potential host institutions

Stock market prediction using technical analysis

Technical analysis (TA) is a form of analyzing market encompassing supply and demand of securities according to the study of their prices and trading volume. Using the appropriate methods, TA aims to identify price movements in the stock market, futures or currencies. In short, TA analysis is the process by which "future price movements are formulated according to the price history". TA originates from the work of Charles Dow and his conclusions about the global behavior of the market, as well as from Elliot Wave Theory. Dow did not regard its theory as a tool for stock market movement prediction, nor as a guide for investors, but as a kind of barometer of general market movements. The term TA methods encompasses all the methods used in tracking prices aiming to clearly predict future events. Many different methods, mainly statistical, are used in technical analysis, the most popular ones being: establishing and following trends using moving average, recognizing price momentum, calculating indicators and oscillators, as well as cycle analysis (structure indicators). It is also necessary to point out that TA is not a science in the true meaning of the term, and that methods it uses frequently deviate from the conventional manner of their use. The main advantage of these methods is their relative ease of use, aiming to give as clear picture as possible of price movements, while at the same time avoiding the use of complicated and complex mathematical methods. The reason for this is simple and is reflected in the dynamics of financial markets, where changes occur during short periods of time and where prompt decision-making is of vital importance

System of Direct Debit as a Method of Efficient Receivables Collection in Serbia

For many years Serbia has faced the problem of inadequate financial discipline which has, as in most EU countries, culminated after 2008. Procrastination of receivables collection at the request of creditors represents a major problem, which leads to a permanent increase in business sector illiquidity. In contrast to the EU which introduced strict deadlines for obligations settling in October 2010, Serbia did not want to increase state intervention in the free market flux. In paperwork the authors show what steps the Republic of Serbia are undertaking to improve the situation, above all through the Direct Debit model implementation, which is in the EU also at an early stage. The paper also presents a broad SEPA initiative which is implemented in stages in the EU from early 2004 and is planned to be completed by 2011, with special emphasis on Direct Debit schemes as an integral component. Specifically, the paper describes the Direct Debit scheme, which was introduced into the payment system in Serbia in order to improve the situation and create conditions for increased liquidity and the overall competitiveness of the economy, without introducing any drastic measures such as restricting the term of payment. In addition, the aim of the paperwork was also to show the full commitment to European integration, primarily in the field of payment systems. Finally, the paper shows that the measures implemented in Serbia may facilitate the collection of receivables, especially with the increasing effectiveness of enforcement of a claim, and lead to cheaper realization of the debit transfer