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How to Overcome Challenges in Travel and Expense Management?
Today, business travel has become a common thing. Global expansion of a business significantly increases travel expenses for the company. Increase in Travel and Expense Spending As stated in a PayStream Advisors report on travel and expense management, 38% of companies spend more than $500,000 on travel and expenses, and 18% spend more than $5 … Read more
Why only 31.5% of U.S. Employees are Engaged at Work?
Gallup, through their research found that only 31.5% of U.S. employees and 13% worldwide are actively engaged in their jobs. Lack of engagement and low productivity cost up to $550 billion every year to the employers. People are an important asset to an organization and managers can get the best out of these people by … Read more
Facing Trouble in employee time tracking? Get an Intuitive, Easy-to-Use Tool
This post mentions the benefits of employee time tracking software. Project managers often find it challenging to keep track of how many hours their team members have spent on each task. Managing people becomes a lot easier if you can measure what you are managing. Why do organizations need timesheets? Timesheets provide accurate information about … Read more
3 Major Challenges in Leave Management
Employee engagement and satisfaction play a vital role in determining the success of an organization. Out of numerous factors that improve employee engagement, the hassle-free process of leave application and receiving its approval on time makes a significant impact. It has been normally seen that in the traditional system of leave applications, delays in acknowledging … Read more
Top 3 Lessons to Engage Millennial Workforce
By 2020, millennials will make up nearly 50% of the entire global workforce. Millennials or also known as Gen Y is soon going to outnumber baby boomers and generation X in the population count. Soon, we will see millennials becoming managers and future leaders, and dominating each business sector. According to a PWC report, 63.3% … Read more
Should 360 Reviews Be Part Of Performance Management Process
Is your team facing challenges in achieving performance goals? Are your team members aware of the skills and behaviours desired in an organization? If so, a 360 Degree assessment can be a powerful tool to bring positive change within your organization. 360 review or multi-rater feedback as it’s commonly known, solicits feedback from multiple sources … Read more
Want to be a good manager? Don’t let these challenges affect you!
The role of a manager has always been demanding and ever evolving. Managers enable their team members to achieve their goals, maintain high levels of productivity, and ensure a focused and aligned effort. Multiple responsibilities and continually changing workplace trends, make the work of a manager more challenging than that of an employee working for the … Read more
Reasons to Automate Performance Appraisal System: A Comparative Study
Organizations use employee performance appraisal as a tool to determine the effectiveness of employee goals and provide feedback against these goals. Employees’ performance is an essential factor in an organization’s ability to meet its objectives. Appraisals often cause stress, anxiety and dismay amongst employees. It is one of the most dreaded tasks that employees and … Read more
How Smart HR Technology can Make a Difference?
Rapid developments in technology have impacted human resource practices in more ways than we can imagine. Bersin by Deloitte has stated that companies with newly upgraded HR systems see cost savings of 22% per employee. Businesses are making significant investments on cloud-based HR solutions than on-premises HR software. A Gartner report shows that cloud-based HR … Read more
HR Statistics for Human Resource Management
2017 predictions, trends and statistics associated with human resource management are all in. Like each year, HR leaders are reviewing the main challenges, priorities and trends before predicting what will change in the year ahead. Human resource management is a process to manage people within an organization. Since employees are the most valuable asset for … Read more
