Page 298 - IMDR JOURNAL 2023-24

IMDR’s Journal of Management Development & Research 2023-24

automation of manual and repetitive tasks. The HRMS assists HR with every stage of the

employee lifecycle, from recruitment to retirement and everything in between. HRMS
benefits companies by Increasing efficiency,Betterworkforce planning decisions, Improved

employee retention, Better recruitment, A smaller margin of error.

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 Block chain:

Block chain is a digital technology platform that serves as a decentralized public database. It

records information in a series of blocks, each containing data from participating transactions.
These blocks are uniquely identified and linked together, forming a secure and transparent

chain. In the context of HR, block chain enables quick access to candidate information for
specific job applications. It serves as a reliable tool for verifying candidates' credentials, work

experience, employment history, salary details, and other relevant information in real-time.

This streamlined process enhances efficiency and accuracy in candidate verification for HR
teams.

 Virtual Reality (VR) and Augmented Reality (AR):

Virtual Reality (VR) and Augmented Reality (AR) are innovative technologies that provide

immersive experiences. Virtual Reality (VR) creates entirely simulated environments that

users can interact with, usually through a VR headset. VR immerses users in a digital world,
allowing them to explore and interact with virtual objects or environments as if they were

physically present, even though they're actually just wearing a headset and looking at screens.

Augmented Reality (AR) overlays digital information or virtual objects onto the real world,

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