- HBL is implementing a new HR IT system provided by IBM consultants to modernize their outdated HR systems compared to new banks.
- The new system will allow employees to access their basic data and submit leave applications online. It will also help managers view attendance and leave records of employees.
- This is expected to digitize HR processes, save costs of manual paperwork, and improve efficiency.
- However, implementing a new complex system comes with opportunity costs like disruption during transition, training costs for employees and managers, and costs of the IBM consultant services.