Role of HRM in a hybrid workforce company using software solutions: to investigate cost and efficiency

Abstract

This report investigates the changing role of human resource management (HRM) in the context of hybrid work models, with a particular emphasis on cost and efficiency. The research takes a unique approach, combining insights from industry trends with a detailed case study of CholoGhuri, a company that has successfully implemented a hybrid work model. The first section gives a brief overview of CholoGhuri, focusing on its business operations and transition to a hybrid work environment. The second section describes the report author's internship experience at CholoGhuri's remote HR department, which provides firsthand insight into the practical challenges and considerations of managing a hybrid workforce. The third section of the report contains the report's main content, which is a comprehensive research investigation. Using direct financial and operational data from CholoGhuri, the study investigates the cost and efficiency implications of the company's hybrid work model and software solutions. Through a comparison of these results with more general industry trends discovered via a review of credible websites, industry reports, and academic journals, the study demonstrates a strong link between strategic software implementation, efficient HR practices, and successful business outcomes in a hybrid work environment. The report ends with practical suggestions for businesses thinking about implementing a hybrid work model. The recommendations, which draw from CholoGhuri's experience, stress the significance of strategic planning, the need of results-oriented HR procedures, and the importance of putting cost-efficiency and productivity first by using the right software. All things considered; this study offers insightful guidance to HR professionals navigating the evolving nature of the workplace. Organizations can be prepared to prosper in the hybrid work era by comprehending the possible advantages and considerations of hybrid work models, in addition to implementing efficient HR strategies and making use of technology.