Wednesday 9 December 2015

A Study on the Use of IT in the Barclays Bank Human Resource Planning

Introduction
The Barclays Bank has successfully integrated technology in the Human Resource (HR) planning, where IT application ranges from employee data storage to the provision of employee self-assessment and the guidance into career development. This is useful in the planning for the future succession improving on the employee participation and the overall performance.
The Research objective
To determine the level of integration of information technology in the human resource planning at the Barclays Bank.
Literature Review                                     
(Rothwell et al. 2003) HR planning is the entire process that seeks to make a proper identification of both the current and the future workforce needs for the corporation to successfully implement its mandate. Notably HR planning serves as a link between the personnel top level management and the institutional strategic plan as a whole. It includes the employer brand creation, the strategy for retaining the employees, how to manage the employee absence and the selection and recruitment strategy.
(Deb, 2009) Use of information technology in the financial institutions is necessary to ensure the improvement of the level of efficiency in tasks executions and service delivery. In the human resources department, it is observed that the adoption ensures automation of most of the tasks, hence saving on the cost of operation. The savings can further be utilized in improving the performance and securing data in the Information Technology system.
(ETE, 2012)Linking the organizational database system to the web enables the HR planners to easily post job openings and the application procedures to the potential recruits. Due to the exposure of the positions to the public, the firm shall receive a large number of applications, of which the best few can be selected for consideration. The application process becomes automatic, enabling the HR planners to engage in other tasks of importance to the organizational development.
( Schwable, 2010)From the employee data and their remunerations stored in the system, the HR planners have an opportunity of retrieving the data when needed. For instance, the planners can determine the and regulate the labor cost through tracking the day to day expenditure on labor activities, which is made easier through the facilitation of the information technology. Tracking of labor cost eases the planning process by providing data for projection of future labor requirements.
(Lee, 2013) Specific application software has been designed to meet the needs of the assessment of employees at the workplace to determine their potential and the benefit gained by the firm through utilization of their skills. In addition, the system offers the employees an opportunity to develop their skills to meet their career requirement. As such, employee data is easily retrievable for the determination of best-suited employee for promotion or a new job offering.
Research philosophy, Approach and Strategy
1.      Research Philosophy
Research philosophy refers to a given belief that data regarding a phenomenon is supposed to be gathered, its analysis and the subsequent application. The different types include the following:
a.       Positivism: This refers to the system of research philosophy holding that all the assertions that can be justified rationally can as well be verified in scientific terms.
b.      Postpositivism: It is a stance in metatheoretical terms which offers criticism and an amendment to positivism where necessary.
c.       Realism: This refers to the general fact, or the quality of accurate representation of a situation, a variable or a person in a way that conform to the real life.
d.      Interpretivism: In qualitative research interpretivism is extensively used as an inquiry method of research to social science and other relative disciplines.
e.       Phenomenology: Is the first-hand experience study of consciousness structures.
From the above, I chose positivism for the research purposes, as it is possible to apply a scientific analysis for the verification of the data gathered. Thus, the accuracy of the research outcome can scientifically be proven.
2.      Research Approach
A research approach refers to the method chosen by the researcher to conduct and implement the research process (deductively or inductively); with regards to the existence of the theories and the subsequent placement of the hypotheses. In this research, the inductive approach is chosen as it aims to explore the human attachment to the assistance of Information Technology at the workplace. Also, this research requires a higher level of flexibility.
3.      Research Strategy
            A research strategy is the overall action plan offering guidance to the individual efforts, hence ensuring a conduct of a research in a systematic manner, rather than haphazard. In this research, survey strategy was employed in gathering data from Barclays Bank employees.
Ethical Implications
For a successful research, there should be a guarantee of utmost confidentiality on the employees that offer to divulge information. Through such an act, the researcher has the ability to gather more data hence assisting in arrival at a more accurate conclusion. Also, honesty should be portrayed by the data gatherer. For the sake of proper analysis, there should be no data manipulation whatsoever to suit personal needs. In fact, the data should be collected and analyzed as it is. Lastly, there should be an embrace of a review process to ensure data verification, as well as the ascertainment of the research originality and quality.
The research was carried out after fulfillment of the above ethical requirements and the subsequent confirmation and acceptance from the teacher.
Research Methodology
1.      Research Design
Research design refers to a detailed clear outline of  the way an investigation should be undertaken. Typically, the research design features all the forms of data collection, instruments employed as well as how such instruments will be utilized and the eventual means intended for the collected data analysis.
Descriptive data analysis is used in this research because unlike both empirical and analytical data designs, there is the need to quantitatively describe the outcome of the data gathered regarding the integration of IT in the human resource planning. Notably this research relies on the sampling method of data gathering. Therefore, descriptive analysis is the most appropriate, especially in the provision of a simplified summary regarding the measures and the sample. Together with the simple chart graphics used for the research analysis, this form of research design is sure to contribute as a basis of all the quantitative data analysis.
2.      Sampling Technique
A sampling technique refers to a specified process for sample selection as per the appropriateness of the research requirement. For this research study, simple random sampling technique is chosen to eliminate any chances of bias that can present, hence during data gathering process. As a result, there overall Human Resource population is well represented, leading to the arrival to a more accurate conclusion.
The sample chosen involved a single employee from each of the 10 sub-departments within Barclays bank.
3.      Data Collection Method
a.      Primary Data: To gather primary data, a method of filling in the questionnaire was chosen. Questionnaires have been proven effective in comparison to other data collection methods like interviews. This is mainly because it is less time consuming to be filled up by the employees. Additionally, the employee can be at liberty to divulge sensitive information that would have otherwise been impossible in the face to face data collection methods. Finally, it is easier to graphically analyze the data gathered from the close-ended questions.
b.      Secondary Data: To back-up primary data, there is an inevitable need to gather data extensively in books, journals and internet sources that focus on similar research conducted in the past on the same field. The secondary data is especially useful in providing a step-by-step guidance for the research process in its entirety.
4.      Tools for Data Analysis
Percentage Analysis refers to the representation of raw data streams in percentage terms (as a portion of 100) to arrive at a conclusion from the data collected. Usually, the percentage analysis method is effective in the calculation and comparison of data from a few variables.
5.      Structure of the Questionnaire
The research requires four close ended questions and one open-ended question. The close-ended question does not give the sampled population a chance to air their views. Instead, it requires them to choose an answer to the already provided choices. In an acute contrast, the open-ended questions offer the sample population a chance to express themselves with regard to the questions asked in the research questionnaire. The open-ended question provides the researcher with a chance to get a deeper understanding to the answers not necessarily incorporated in the close-ended questions; hence more data can be collected for a concrete conclusion to be arrived at.
In this research, the following four close-ended questions and the open-ended were provided in the questionnaire:
a.      Close-ended
i.                    Do you think that the recent adoption of IT in the human resource planning activities in your organization has improved the employee efficiency in service delivery?
ii.                  Do you think IT integration in HR Department has significantly minimized the annual operational cost?
iii.                Do you think, in the IT integration will assist HR planners in the long term decision-making process?
iv.                Do you think the Employee Assessment Application Software (EAAS) will be helpful to employees in developing skills to fulfill career requirements?
b.      Open-ended
v.                  In your own opinion, what is the importance of Information Technology to Human Resource Planning?
Imperatively, the questions above were carefully chosen due to their ability to focus on the research topic and the ease at which the information can be divulged from the employees. Additionally, the questions cover a wider range of the literary review, hence will help in proving the conclusions arrived at during previous research. Ultimately, the questions were chosen with reference to the backing of the secondary data sources.
6.      Data Analysis and Interpretation
Chart 1-4
Improvement of the Efficiency in the Delivery of Service
From the bar chart analysis above, it is evident that 40% of the employees sampled strongly agree that the use of the introduction of IT into human resource planning activities has greatly improved the level of employee service delivery in the organization. On the other hand, 30% agrees to the research question. However, it is notable that only 20% and 10% disagreed to the first question posed in the questionnaire, with the later offering a strong disagreement.



Chart 2-4
Minimization of operational Cost in HR Department
From the analysis above, it is apparent that only 20% of the sample population strongly agreed that IT adoption has remarkably minimized the annual expenditure on the operations of the human resource department in the Barclays Bank.30% of those sampled agreed on the question, whereas the same percentage objected to the second question. Contrastingly, there was a strong objection to the question by just 20% of the sampled employees.

Chart 3-4
Assistance to the decision-making process by HR Planners

For the third close ended question, it is remarkable that 70% of the sampled population were in a strong agreement to the question that the integration of Information technology in the day to day activities of the Human Resource Planners will subsequently assist them, especially in the decision-making process. 20% further agreed to the question. On the other hand, mere10% of the random employees were in disagreement with the research question. However, none of the randomly sampled employees strongly disagreed (Bondarouk, 2009).

Chart 4-4
Employee Assessment Application Software and the Skill Development
From the above statistical diagram it is observed that up to 20% of the sample strongly agreed that the Employee Assessment Application Software, in the long run, will help the employees to develop the skills to meet or exceed their career requirements. Similarly, 20% of the sampled departmental employees just agreed to the question, with the majority of 40% opting to differ. The 10% minority sample, on the other hand, strongly disagreed that employees are assisted by the software in their career development endeavors (Oz, 2009). 
Question 5
For the open-ended question, it is observed that majority of the sample population have an opinion that one of the most important aspects of information technology to human resource planning is its ability to effectively execute tasks assigned for hours without getting bored or tired, unlike human beings. Also, a large portion of the sample notes that since the adoption of IT in the HR department, the order in task performance has been restored. This is attributed to the ability of computers to accurately assign tasks to employees, hence minimizing conflicts and confusions on who should do what and at which time of the day.
Data Reliability and Validity
The sampled data gathered can be relied upon, as the data source consists of first-hand users of the IT infrastructure recently adopted at Barclays Bank Corporation. Additionally, the method of data gathering ensured utilization of random sampling across all the departments of the organization; therefore enabling a generalized view without bias or leaning to one side of the population.
Furthermore, all the research ethics and professionalism measures have been put into consideration. As such, there is utmost certainty that the data gathered can be totally relied upon by both present and future researchers. The use of trusted and credible secondary sources, in turn, has further offered guidance on the proper research process, ensuring adherence of the research rules and affirming the reliability and validity of the data gathered (Newman et al. 2006).
The use of questionnaires to collect data is one of the most appropriate means of ensuring that the sample population freely and openly provides information without the fear of being exposed to the management. Also, the guarantee to the employees of their confidentiality should they provide sensitive information adds to the reliability and the validity status of the data collected.
Conclusion
In conclusion, it is evident from the above research outcome that the adoption of the latest technology in Human Resource offers a significant assistance to the Strategists by improving the efficiency in the decision-making process while ensuring more information on employees is gathered. However, it is notable that the software users have to undergo rigorous training in order to ensure the full exploitation and tapping into all the benefits that the technology can offer. In so doing, the department is guaranteed on the improvement in the service delivery and the timely fulfillment of the organization's set goals and objectives.














Bibliography
Bondarouk, T. (2009). Handbook of Research on E-Transformation and Human Resources Management Technologies: Organizational Outcomes and Challenges. Hershey, PA, Information Science Reference: 170-176. Retrieved from http://www.worldcat.org/title/handbook-of-research-on-e-transformation-and-human-resources-management-technologies-organizational-outcomes-and-challenges/oclc/301893339
Deb, T. (2009). Managing Human Resources & Industrial Relations. New Delhi, Excel Books: 406-410. Retrieved from https://books.google.co.ke/books?id=GNVhPyG1vzAC&pg=PT492&dq=human+resource+automation&hl=en&sa=X&redir_esc=y#v=onepage&q=human%20resource%20automation&f=false
Info Tech Employment (ETE). (2012). Information Technology Jobs in America 2012: Corporate & Government Career Guide: Why You Want One, Where They Are, How to Get One. New York, N.Y., Info Tech Employment. Retrieved from https://books.google.co.ke/books?id=UvfU3cBc93MC&pg=PA109&dq=posting+job+openings+using+information+technology&hl=en&sa=X&ved=0CCoQ6AEwAWoVChMImLfa66uWxgIVB3dyCh32VACp#v=onepage&q=posting%20job%20openings%20using%20information%20technology&f=false
Lee, R. Y. (2013). Software Engineering a Hands-on Approach. [S.l.], Atlantis Press: 69-71.Retrieved from http://dx.doi.org/10.2991/978-94-6239-006-5.
Newman, I., & Benz, C. R. (2006). Qualitative-Quantitative Research Methodology: Exploring the Interactive Continuum. Carbondale, Ill. [u.a.], Southern Illinois Univ. Press: 37-40. Retrieved from http://www.worldcat.org/title/qualitative-quantitative-research-methodology-exploring-the-interactive-continuum/oclc/255012623
Oz, E. (2009). Management Information Systems. Boston, Mass, Thomson/Course Technology: 98-104. Retrieved from http://www.worldcat.org/title/management-information-systems/oclc/185082021
Rothwell, W. J., & Kazanas, H. C. (2003). Planning and Managing Human Resources: Strategic Planning for Human Resources Management. Amherst, Mass, HRD Press: 1-14. Retrieved from https://books.google.co.ke/books?id=50qBiCdl8SEC&printsec=frontcover&dq=human+resource+planning&hl=en&sa=X&redir_esc=y#v=onepage&q=human%20resource%20planning&f=false

Schwalbe, K. (2010). InformationTtechnology Project Management. Boston, MA, Course Technology/Cengage Learning: 264-278.

Accounting

Executive Summary

Corporate reporting of and non-financial performance are essential in an organization. This is because they submit a reflection of the current value of an organization which can be used to forecast the overall corporate performance in both short and long run. Distinctly, the research presented in the report is suitable to global drifts in corporate reporting; for instance, corporate divulgence on environmental and sustainability data drives more sustainable investment (Dhaliwal et. al, 2011). In turn, this enables companies to increase productivity and capitalize on commercial opportunities from better management of climate related vulnerabilities. (Tapscott et. al, 2003)
An article by Alisa G.B, et.al, for instance, looks at the effects brought up by factors like rule precision and incentives has on effective corporate reporting. Another article byVincent K et.al analyses how the ongoing projects in an organization are influenced by transparency through information on its progress reported publicly; or if the information is only known to a smaller circle of top level management.. On the other hand, Ann F. et. al. authored an article that looks at the effect that inclusion or exclusion of corporate risk activities in corporate reports has on investment decisions made by corporate investors. The final article by Caroline, O.  et. al, sheds light on areas where auditors focus on when assessing corporate reports.
The report will review the impact that the vagueness of information and differing motives can have on competitive or decent reporting. A corporate report can easily be twisted by intentionally or inadvertently by inaccurate data. Consequently, this will motivate a falsified information that does not reveal the current sphere of a firm. Furthermore, the report will contemplate the manager’s dedication in implementing unremunerative projects if the knowledge is privatized or exposed for public scrutiny.  These are revelations that are as per the revelations from researchers discussed in high-quality journals in volumes 15 and 17 of Behavioral Research in Accounting.

In consideration for the importance of decent corporate reporting of financial and non-financial performance standards, this report intends to provide a review of articles in volumes of Behavioral Research in Accounting; and their pertinence in addressing corporate reporting as a whole.
  This report confines itself to research as administered in the articles in Behavioral Research Accounting Volumes and their significance to reporting. Therefore, the report does not carry the analysis of other factors and views handled in the research.
The report expects that the findings of the research conducted were just and hence reliable. Besides, the report assumes that the secondary data in the research is sound.
First, the report confines itself to the research conducted by the article writers. As such, the evaluation is based on sample segments as determined and chosen by the researchers to represent the whole corporations and industry. In this respect, there is a likelihood of drawing wrong general conclusions about the findings and their relevance to corporate reporting of financial and non-financial performance.
Alisa G. Brink et al in their article The Impact of Rule Precision, Information Ambiguity, and Conflicting Incentives on Aggressive Reporting demonstrated that individuals will employ both precision rule and information ambiguity in order to report in a self-interested manner which is harmonious with their directional aims. Generally, this exploitation should be consistent with motivated reasoning theory. Besides, research further observes that persons tend to be conservative in their reporting especially when the information vagueness is higher. Even though this contrasts the motivated reasoning theory, the report is easily defensible (Dechow et. al, 2004).
Subsequently, Alisa G. Brink et.al resolved that rule precision yields a greater force on aggressive reporting. However, this influence is highly effective when controlling an aggressive reporting behavior especially when information is unambiguous. (Schmitt, 2012).  Generally, the research perceived that the relationship between ambiguity and effective reporting is highly complicated in comparison to a simple linear relationship.

2.2 Managers Commitment to Unprofitable Projects

An article written by Vincent K. et.al The Impact of Sole and Joint Responsibility on Managers’ Escalation of Commitment to Unprofitable Projects: An Experimental Investigation aims to find out whether project managers exhibit a higher tendency to continue a failing project if  the information about its progress remains private or is disseminated to the public. The research outcome is that project managers in a private information condition exhibited a higher tendency to escalate their commitment to a failing project than did their equivalents in a public information condition. Therefore, it is necessary to note that public corporate reporting is necessary so as to hinder the continuity of such disappointed projects by the managers (Schmitt, 2014).   Additionally, managers will tend to work harder to ensure that projects work if the reporting of its course is made public. Further, it will ensure transparency in all the project activities.
            The finding should be practiced in the re-design of management control systems and corporate reporting strategies. For instance, the research outcome reveals that managers with joint responsibility will show a higher escalation tendency than those managers with sole information responsibility under private information condition (Saunders et. al 2010). Therefore, the organization should implement de-escalation strategies such as mutual monitoring and reporting system in a team-based setting to prevent irrational decision-making as well as irresponsible behavior among the management.
Anne Fortin et. al in an article MD&A Risk Disclosures and Nonprofessional Investors’ Perceptions and Investment Decisions discusses how she administered a research investigation using an experimental approach to examine how the perceptions and decisions of perspective non-professional investors are induced by risk disclosures in the MD&A. Therefore, the study is applicable to corporate reporting in that its result suggests the way forward on both financial and non-financial reports so as to enable the targeted investors to make prudent investment decisions. Additionally, risk disclosures in MD&A reporting have the ability to scare away investors who are reluctant to invest in a high-risk setting. Mainly, this is due to their inadequate nature and contrasts with the professional investors decisions (Schmitt, 2012). 
The partakers of the research were given a firm’s financial statements in the experimental group receiving the section on risk in the MD&A. On the other hand, the control group did not receive any part of the MD&A. Consequently, they were to reach an investment decision. Eventually, there was clear indication that the corporate risk section included in the report has an adverse effect on the investment decisions made by the investors. The weight of the study is that corporate bodies and market regulators are made to understand how some market participants respond to risk information disclosed in their financial and non-financial reports under their statutes. Therefore, market regulators should ensure that confession of risk information on the corporate report should be necessary (Deegan et.al, 2013) 
Corporate reports are not only beneficial to the investors and the organization, but also relevant to auditors as well. Auditors use the corporate report as an inspection tool to determine what length the financial statements grant a true and fair view of the attention as required by the law. In an article The Effects of the Need for Cognition in Audit Sampling authored by Caroline et.al , is based on a study that aims to understand the effects of audit sampling deficiencies by examining the role of auditors’ individual characteristics on judgments and decisions made throughout the sampling process. Further, the study examines if the need for cognition-an individual’s tendency to engage and think- has a role in audit sampling decisions. (Everlingham et.al, 2008)
            Therefore, the result of this study is appropriate for corporate reporting in that managers are informed on what auditors seeks to extract  and assess from the annual, semi- annual or quarterly reports in the organization. Furthermore, they find out what they should incorporate in the reports so as to suit the auditors' judgments and decisions made by the report sampling process. Nevertheless, the study observes that the desire to engage in cognitive processes has not been investigated in business decisions. Additionally, the study simulated a basic sampling to ascertain whether the desire to engage in cognitive process influences the decisions made during the task. (Schmitt, 2012). 
In line with the studies above, it is recommended that additional studies be performed in the scope of corporate reporting. This is because most studies relied on a lot of sampling of data, and also the timeframe of a study was inadequate. Furthermore, over-reliance on secondary data are clear in these studies, this limits the effectiveness of the study because it fails to reflect the true contemporary nature of the corporate reporting. It is also recommended that later research in this field should seek to outline the part that technology plays in corporate reporting. Other current drifts in corporate reporting should also be explored in detail.
In conclusion, organization management body should set standards of curbing corporate reporting. These measures should factor into cause the investors’ demands, the auditors’ opinions on assessments and also the environmental impact that is caused by the activities in and out of the enterprise. Furthermore, corporate reporting should be crystal on the sustainability proposals to be tackled by the organization in the long run.
Reference List
Dechow, P. M., Sloan, R. G., & Swwney, A. P. (2004). The causes and consequences of aggressive financial reporting policies. [Boston], Division of Research, Harvard Business School.
Deegan, C. M. (2013). Financial accounting theory.
Dhaliwal O. Z, Li, A. &Yang, G. (2011), “Voluntary Non-financial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting,” The Accounting Review, 59-100.
Everingham, G. K., & Suresh, P. (2008). Corporate reporting. Sunninghill, PricewaterhouseCoopers
Saunders, M. N., Skinner, D., & Dietz, G. (2010). Organizational Trust. Cambridge University Press. http://www.myilibrary.com?id=274914.
Schmitt, D. B. (2012). Advances in accounting behavioral research. Volume 15 Volume 15. Bingley, Emerald.
Schmitt, D. B. (2014). Advances in accounting behavioral research. Bradford, Emerald Group Publishing Limited. http://public.eblib.com/choice/publicfullrecord.aspx?p=1766286.

Tapscott D, Anthony, W. (2003). 59Value and Values in the Age of Transparency, Digital 4Sight, 35.-100.