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Getting Employee Performance Evaluation Right
Most companies want to conduct employees performance evaluation on a periodic basis and their Human Resources department is generally responsible to manage this process. I have often seen that the buy-in and participation from the Line managers is not as much as one would expect. Based on my meetings with a large number of HR … Read more
Variable Pay: A motivation & retention tool
Over the last couple of years, it has become clear that the option of variable incentives did not work very well since most employees wanted the security of a high base pay and meeting targets was largely unpredictable. The economy is on an up-swing again and employers and employees see new opportunities for increasing incomes. … Read more
How to assess an HR Management Software
Most HR top shots receives many proposal every week to implement a new HR Management software or performance management software or e-appraisal software or rather replace the current software. However, choosing the right software has always been a challenge for HR guys. The following are some innovative view on this topic. The Trap of Software … Read more
ROI on Automating and taking your Payroll Online
It is difficult to anticipate the benefits of taking your payroll online. This was a challenge faced by one of our recent customers where the HR department found it challenging to estimate the ROI derived from implementing an online Payroll software. In this post, I have analyzed time and money spent in manual Vs online … Read more
High performance companies focus on performance management
We often listen from the successful business leaders that “People are our strength”. Recently I read the book “The High Performance Entrepreneur” written by Subroto Baghchi. He is co-founder and Chief Operating Officer of Mindtree Consulting, one of India’s most admired software companies. Mindtree has grown from 0 to 3500 people and crossed $ 102 … Read more
Who is responsible for Attrition
HR Heads are worried about employees leaving their organizations. Not only is it costly to lose trained employees but their replacements are not easy to come by. Hence the HR strives hard to keep attrition at the minimum. Greg Weiss, an HR consultant and principal of Human Management, in extensive interviews with HR directors at … Read more
Case Study: Performance Management System for Educational Institutions
As the need for talented workforce is growing worldwide, so is the need for faculty & staff with requisite skills in the educational institutions to produce the base for generating such a work force. Businesses are continuously demanding fresh talent which can meet challenges of twenty-first century through innovative and out-of-the box thinking. Business leaders … Read more
What Web 2.0 and SaaS Software offer that Legacy ERPs do not provide?
In the last few years, Web 2.0 and SaaS have captured a significant portion of the market led by legacy ERP systems. Even large enterprises (which only showered their love on ERPs) are now accepting the value of SaaS application over legacy ERPs. A survey about SaaS conducted in August 2009 by Business Week Research … Read more
Post-recession challenges of talent management
After nearly a year, the news on recession is taking a U-turn as analysts are officially reporting that the recession is over. While it will take some time for recession to pave the way for prosperity and growth for business in general, prosperity is already on its way in certain economies such as Brazil, Russia, … Read more
Difference between the SaaS and Perpetual License Structure
HR Managers and CTOs often ask us the benefits of Empxtrack SaaS over the perpetual licensing mechanism. Here is a comparison chart: SAAS (Hosted) Licensing Structure Perpetual Licensing Structure Cost of Software Lower cost Can go as high as four times the SAAS license cost Payment Frequency Annually One time Annual Maintenance Cost Nil … Read more
