Application Of Information Technology In Business
Different businesses have different methods that they carry out their operations. There are therefore different types of management this include strategic management, sales management, marketing management, public relations, procurement management, financial and accounting management and finally design management. There are different departments also respective to the types of management these departments have staffs who carry out business activities with different responsibilities. In an organization there are different levels of management this starts with the senior most and the junior most level of workers who perform different activities. The use of information technology in management has greatly advanced the activities of a business. Computers are devices which are used to store information to make binary calculations and can also be used to perform specific functions. Computer software’s are programs or instructions that enable the computer to specific tasks. Computers have wide application in todays world they are used everywhere because they are fast hence increase in productivity, can store large amount of information and its easy to retrieve the information, they help automate, saves time, keeps people entertained.
Computers are not prone to errors as human are hence they give an accurate output. The use of computers has greatly improved this sector simply because it is fast it is accurate the system has high storage capacity and also it is safe to store documents in a computer.
Every system or software is designed in order to carry out certain specific tasks. Also most of them have employed information technology experts who help develop programs if the need arises this helps the computers to process complex data. Computers are now being used in every sector be it in hospital, transport industry, schools, manufacturing industry among others and now those activities were being performed manually are now being done by the computers.
Business employees are the business itself of every business this is because they carry out the main activities of transferring materials into finished goods. Compensation plan in a business contain detail of all levels of workers including their salaries, bonuses, wages, other benefits , incentives and commissions which differ from one business to another. This is the computation of payment or wages to employee who work in a business. Characteristics of a good renumeration system are; it should be fair for both employees and employers, It should ensure that the amount paid is comparable to the work done, it should also include adequate incentives to keep the workers motivated. There are different methods of labor renumeration including; time based system, performance based system which is divided into piece work rate, profit sharing incentive bonus plan among others. MarketPowerPRO is a program that has incorporated the computation of employees salaries