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58% Companies Say That Performance Management is an Ineffective use of Time. Why?
CFOs estimate that ineffective performance management processes result into thirty percent loss of company’s performance potential. And only 8% of organizations drive high value from these processes. In Brandon Hall Group’s 2016 Performance Management study, 72% of organizations found their performance management process to be “some – what effective” or “not at all effective”. [Source] … Read more
Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles
Payroll management is complex, time-consuming and requires full business confidentiality. Managing employee data, answering queries, preparing reports and processing payroll, all at the same time, becomes overwhelming and stressful for the HR department. What are some common issues in payroll processing? Calculating taxes, Provident Fund (PF) and ESI deductions, travel/ medical/ education allowances and taking … Read more
5 Things you May Want to Correct in an Applicant Tracking Process
Before you scroll down to read this post and comprehend why have you come here, let us share a few stats (Source) about candidate experience during the recruitment process. In cases when job applicants have unpleasant experience during hiring process – » More than 64% of applicants share negative application experiences with their colleagues and … Read more
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
