Short Description: An International, Peer-Reviewed, Open-Access, DOAJ indexed journal, publishing scholarly articles in finance, marketing, human resource, IT, along with manuscripts documenting Economics research data and analysis.
E-ISSN: 2469-4339
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Publisher: HATASO - S2SynergyGlobal
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10.18639/MERJ.2023.9900076
Original Research Article
Mar 17, 2023
Different organizations worldwide are increasingly turning to human resource analytics to improve their strategic human resource and business goals. Specifically, this has been necessitated by advances in information technology in the corporate business world. Therefore, this advancement in information technology has heightened expectations and contributed to a very positive perception of human resource analytics. Using HRA to manage the human endeavor, on the other hand, is still marred by different implementation challenges owing to a lack of understanding and appreciation by the key stakeholders. Using an integrative synthesis, the researchers conducted an integrative review of refereed journal articles on HRA Implementation. A search from three major data banks turned up 133 410 hits and according to the search criteria, only twelve relevant articles were reviewed. Consequently, the number of articles in refereed journals and the research question addressed were used to categorize the articles. The articles were classified according to the following four questions: What exactly is HRA? How does HRA function? What are the consequences of using HRA? What factors influence HRA adoption? Researchers concluded that despite information connecting HRA adoption to strategic firm performance, academic research and HRA adoption are extremely low, resulting in a scarcity of evidence on the subject. All in all, such a revelation warrants further investigation through longitudinal and cross-sectional field surveys.
10.18639/MERJ.2023.9900075
Original Research Article
Feb 10, 2023
This study reviewed a number of empirical pieces of literature on cost-benefit analysis origin, advancements in its methods, and their applicability. This study applied semi-systematic review by relying on previous publications (20 publications were fully reviewed) in line with this study topic. The collected data was analyzed with the application of narrative synthesis. There are mixed ideas on the origin of cost benefit analysis. This study concludes that cost benefit analysis was first practiced in China in the 11th Century at the palace construction site. It then spread to the Bavarian Army. The French engineers embraced this technique in the execution of public works in 1708 before the American National Resource Committee incorporated it. Moreover, cost benefit analysis was authoritatively documented in the United States of America in the green book by a sub-committee on benefits and costs where principles and procedures for determining costs and benefits were clarified for reference. Other countries hence embraced Cost benefit analysis after its documentation in the United States. Advances in cost benefit analysis include; willingness to pay which exhibits the definite intention of clients in regard to how they value what they intend to purchase. That is, it expresses the degree the clients are ready to consume a particular product. On the other hand, conjoint analysis aids in determining willingness to pay, such that it offers a client an array of characteristics of a product which enables the client to settle on the most preferred product feature. It is shown that designing a conjoint technique is complex. Conjoint is tested at the individual level and the model utilized in collecting data is uniformly applicable assuming that all respondents have a similar modeled preference that does not match the real-life situation. Accordingly, information on product attributes could alternatively be obtained via a questionnaire or interview schedule in determining customers’ preferences and not necessarily through the use of conjoint. This review criticizes conjoint analysis as Cost Benefit Analysis method on the basis of its complexity and thus other data collection methods are offered like questionnaires and interview schedules. The study also confirms that advances in cost benefit analysis can be applied in all sectors of the economy since they have been empirically tested. It contributes to the comprehension of the origin of cost-benefit analysis, the advancement in cost-benefit methods, and critique on the methods of cost benefit analysis.
10.18639/MERJ.2022.9900073
Short Communication
Dec 31, 2022
Islamic Financial Services has been expanding all around the globe and has shown huge potential for developing economies. India, a developing economy, has shown less progress in Islamic Financial Services though there are several opportunities. The article examines the overview of the prospects of Islamic Financial Services in the Indian economy with a focus on regulations and conceptual understanding.
