Explain what functions does the HRIS offer and how will it save Fellows time and money?

You are a HR Consultant who has been contracted by the Fellows Company.

The Fellows Company would like to implement a HRIS. The company has 200 employees and plans on growing 100% over the next 3 years. Currently, Fellows utilizes Excel and Word for keeping track of employee files. Annually, the company spends $50,000 for the HR Department for the salaries of one HR employee who maintains the employee records. There is an accounts payable clerk who makes $45,000 a year and works on Payroll 2 days per week.

Your project is to help the Fellows Company determine the cost-savings and ROI for a new HRIS. Based on research and the Module Readings, determine the ROI of implementing a HRIS. Estimate the initial cost of implementation of an Employee Records/Payroll HRIS for the Fellows Company. You may make assumptions for costs, if you are unable to discover actual costs of HRIS systems.

Create a 3-4-page proposal that summarizes the benefits and the ROI of a new HRIS. Consider the following in your proposal:

  1. What functions does the HRIS offer and how will it save Fellows time and money?
  2. What will be the ROI for the investment? (Consider the initial investment as well as the cost per month/per employee)
  3. What reassurances can you offer the company to help them feel confident in your recommendation?

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