A questionnaire was conducted in Hong Kong found that recruitment and selection were the most frequently used in Internet based HRM.
As the Internet grows and more and more networks are created, it is providing a more diverse source of HR support. It was highlighted that HR professionals cannot afford to miss out on the benefits that using the Internet can provide (Santos and Kuzmits 1997). Intranets are also benefits as they allow things such as communication, database access and ability to establish information systems. Businesses are using this to create employee profiles, telephone directories and policy manuals.
Online recruiting is ow a worldwide trend for HR functions. CV's sent through the Internet, either on a job seeker website or directly through the company recruiting, can be scanned for key words that are necessary attributes for the job description. This information can then be stored in the information system for immediate or future use. Many companies have seen up to 45% reduction in recruitment costs since using the web for its core recruitment.
The full study paper can be found in the following journal:
W.T. Ngai, Chuck C.H. Law, Simon C.H. Chan, Francis K.T. Wat (2006) Importance of the Internet to Human Resource Practitioners in Hong Kong. Personnel Review; Volume: 37 Issue: 1; 2008 Research paper
Wednesday 12 March 2008
Social Networks?
Social networking sites, such as Myspace and Facebook appearto be more than a passing phase with 250, 000 people joining every day.
Therefore security is a very important factor for the users of these such sites. Anyone can request to "be your friend" whether you know them or not.
Freddi Staur, the member of Facebook, who created an experiment last year to see just how many people accept requests from people they have never met. Shockingly 82 out of 200 people who were picked at random, not only accepted the request but revealed personal information about themselves that can be used by an identity thief.
Advice such as using false date of births, and hide as many details as possible if the networking site you are using has the option to do that. Anyone in the same network as you on Facebook is able to view all of the information about you that you choose to display. Setting you self to having no network can reduce the risks of ID theft.
PC Pro Magazine, May 2008 edition, has the full story on this, including lots more tips to keep you networking profile as private and safe as possible to you.
Therefore security is a very important factor for the users of these such sites. Anyone can request to "be your friend" whether you know them or not.
Freddi Staur, the member of Facebook, who created an experiment last year to see just how many people accept requests from people they have never met. Shockingly 82 out of 200 people who were picked at random, not only accepted the request but revealed personal information about themselves that can be used by an identity thief.
Advice such as using false date of births, and hide as many details as possible if the networking site you are using has the option to do that. Anyone in the same network as you on Facebook is able to view all of the information about you that you choose to display. Setting you self to having no network can reduce the risks of ID theft.
PC Pro Magazine, May 2008 edition, has the full story on this, including lots more tips to keep you networking profile as private and safe as possible to you.
the Microsoft-Yahoo Bid: Update
Yahoo board members wonder whether CEO Jerry Yang is acting more out of emotion than responsibility by rejecting Microsoft's offer, and they have a good reason to wonder if we are looking at recent stock performance. Yahoo shares were at $19 a share and falling before Microsoft's offer, which is currently worth about $30 a share.Yahoo trades at about 61 times last years earnings, whereas Google trades at 38 times. For this investors get 30-40% sales growth with Google.
PEG ratio states that a stock's price to earnings ratio should be roughly equal to its growth rate. Yahoo currently trades at PEG ratio of 3, meaning stock is valued at 3 times the growth rate. Google trades at PE of 0.72, which means stock needs to gain 39% to be fairly valued. Therefore, it's going to be difficult to get a good return on it's investment even at the current offer.
The merger creates a worthy opponent to Google, as long as Microsoft don't intend on changing the well established Yahoo brand and renaming it to one of its current brand names, such as MSN. In display adverts, adding Microsoft's share will make Yahoo's market leader position nearly invulnerable. Yahoo can also contribute to Microsoft's "search, location based services and advertising" aspects, which are key features of revenue growth in the future. Microsoft's announcement to take on FAST, a Norwegian enterprise search firm is likely to be very complimentary.
For more detail check out http://www.internetnews.com/bus-news/article.php/3726506
Google Chief Legal Officer David Drummond posted a company blog about the offences Microsoft and Yahoo may commit if they become one united business. The two company's currently "operate the two most heavily trafficked portals on the Internet". Using both of these portals may be able to take advantage of PC software monopoly to limit the ability of consumers being able to access competitor's features.
PEG ratio states that a stock's price to earnings ratio should be roughly equal to its growth rate. Yahoo currently trades at PEG ratio of 3, meaning stock is valued at 3 times the growth rate. Google trades at PE of 0.72, which means stock needs to gain 39% to be fairly valued. Therefore, it's going to be difficult to get a good return on it's investment even at the current offer.
The merger creates a worthy opponent to Google, as long as Microsoft don't intend on changing the well established Yahoo brand and renaming it to one of its current brand names, such as MSN. In display adverts, adding Microsoft's share will make Yahoo's market leader position nearly invulnerable. Yahoo can also contribute to Microsoft's "search, location based services and advertising" aspects, which are key features of revenue growth in the future. Microsoft's announcement to take on FAST, a Norwegian enterprise search firm is likely to be very complimentary.
For more detail check out http://www.internetnews.com/bus-news/article.php/3726506
Google Chief Legal Officer David Drummond posted a company blog about the offences Microsoft and Yahoo may commit if they become one united business. The two company's currently "operate the two most heavily trafficked portals on the Internet". Using both of these portals may be able to take advantage of PC software monopoly to limit the ability of consumers being able to access competitor's features.
Tuesday 11 March 2008
Facebook Goes French
Facebook, the popular networking site, is now offering a French language version of the site to its users. This comes after the it began to offer Spanish and German versions of the site in the last month. Before this, Facebook relied on French-speaking members of the site to translate to French to English.
In the past year Facebook has had tremendous growth, even though it has only been published in English until recently. France is one of the 6th most active countries on Facebook.
Users who added the translated application were allowed to submit translations online whilst browsing. Users then voted whether to approve these translations. Settings can now be changed in the account settings section of the site for German, Spanish and French users.
The application can be found here http://www.facebook.com/apps/application.php?id=19403427872&b&ref=pd
Facebook is playing catch up with its main rivals Myspace who have their site available in over 20 countries.
In the past year Facebook has had tremendous growth, even though it has only been published in English until recently. France is one of the 6th most active countries on Facebook.
Users who added the translated application were allowed to submit translations online whilst browsing. Users then voted whether to approve these translations. Settings can now be changed in the account settings section of the site for German, Spanish and French users.
The application can be found here http://www.facebook.com/apps/application.php?id=19403427872&b&ref=pd
Facebook is playing catch up with its main rivals Myspace who have their site available in over 20 countries.
Pay-Pal's Growth
Pay Pal has always been the person to person online payment system favoured by eBay and it still it. A survey showed that e-commerce growth will slow and to prepare for this Pay Pay are going after larger retailers. They plan to expand off eBay and get more acknowledgement in the market. Allowing customer's that do not use eBay to discover Pay Pal. Pay Pay currently increases consumer choice while easing fears about sending card information over the Internet.
A meeting help by Jupiter on behalf of Pay Pal covered, in a nutshell, that they can no longer go on sizzling growth. Especially with uncertainty about the economy. An American professor, Arturo Perez-Reyes thinks that America is clearly heading for a recession with the dollar free falling. The audience of the meeting were warned that they need to prepare and develop strategies to make the business more mature and competitive. Doing this means creating a bond with the customer and offering them what they are looking for.
A meeting help by Jupiter on behalf of Pay Pal covered, in a nutshell, that they can no longer go on sizzling growth. Especially with uncertainty about the economy. An American professor, Arturo Perez-Reyes thinks that America is clearly heading for a recession with the dollar free falling. The audience of the meeting were warned that they need to prepare and develop strategies to make the business more mature and competitive. Doing this means creating a bond with the customer and offering them what they are looking for.
Monday 10 March 2008
The Yahoo Buyout
The 1st February brought the news that Microsoft have offered to buy out Yahoo for $44.6 billion. They plan to join forces to provide a better service than Google. This is said to be the biggest Internet deal since the Time Warner-AOL merger.
This offer comes the day after the non-executive Chairman left the board. Yahoo is currently having a tough time competing with Google, and it is unlikely to see a larger bid come in than that of Microsoft, who say they can already see 4 areas of Yahoo that can generate ate least $1 billion.
this announcement is sen by some as the next major milestone in Microsoft's transformation. On the news the Yahoo shares jumped to more tan 47%.
The half-cash, half equity offer is mainly about building Microsoft's advertising business on top of last summers $6 billion investment. Microsoft will benefit from the merger in 3 ways; scale, technology and infastructure.
The announcement appears to be the formal acknowledgment of what has been unsaid for a long time. The fact that no single company will be able to seriously be in competition with Google at this moment.
the announcement had already caused protests, one of which is from Google's own, some of which are under review by the European Commission.
www.internetnews.com have a feautre running on this story with all updates as they occur. I found this very useful and interesting.
This offer comes the day after the non-executive Chairman left the board. Yahoo is currently having a tough time competing with Google, and it is unlikely to see a larger bid come in than that of Microsoft, who say they can already see 4 areas of Yahoo that can generate ate least $1 billion.
this announcement is sen by some as the next major milestone in Microsoft's transformation. On the news the Yahoo shares jumped to more tan 47%.
The half-cash, half equity offer is mainly about building Microsoft's advertising business on top of last summers $6 billion investment. Microsoft will benefit from the merger in 3 ways; scale, technology and infastructure.
The announcement appears to be the formal acknowledgment of what has been unsaid for a long time. The fact that no single company will be able to seriously be in competition with Google at this moment.
the announcement had already caused protests, one of which is from Google's own, some of which are under review by the European Commission.
www.internetnews.com have a feautre running on this story with all updates as they occur. I found this very useful and interesting.
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