As we near the end of this year, it’s time to watch out for emerging HR trends in 2020. According to Forrester, more than 47% of interviewed executives believe that by 2020, technology will have an impact on more than half of their sales as well as the future workplace trends. Organizations will focus on […]
Do you have questions on how, when and where 24Q form filing is done? Here is a quick guide on TDS return filing. CBDT had extended the due date of 24Q form filing for FY 2018-19 from 31st of May, 2019 to 30th of June, 2019. What is Form 24Q? At the time of paying […]
Over 90% of managers believe their organization’s performance management process does not correspond to the actual work done by their teams and consequently there is a significant dissatisfaction with annual evaluations! It has been observed that a large proportion of managers who give this feedback are from Project-centric organizations or companies where work is done […]
In the Interim Budget presented on 1st February 2019, the Indian government has announced changes in the income tax rules for the financial year 2019-2020. These tax deduction rules are effective from April’19 onwards. Highlights of Income tax rules for FY 2019-20 There is no change in income tax slab rate for financial year 2019-20 […]
Exit Management or employee offboarding is a process to manage the full and final settlement of employees when they exit from an organization. When an employee resigns, retires or is being terminated from work, the required paperwork and formalities associated with employee exit need to go through a systematic process. Exit interview, clearance from various […]
In the past, HR department has focused mainly on automation of processes and integrated solutions. With the changing dynamics at workplace, the emphasis is now more on improving Employee Experience (EX) and keeping the workforce motivated and satisfied. Higher productivity, better workforce engagement and empowerment of employees with overall improved EX have taken a strong […]
I was at the recently concluded HR Tech Conference in Las Vegas and with 100s of HR Tech vendors, all the leading consultants and senior HR practitioners, it was quite an event. On speaking with a number of vendors and viewing product demos, I was pleasantly overwhelmed with the features and depth and breadth of […]
Performance Management has been unsuccessful in many organizations. Traditional annual appraisals and development programs are no longer appreciated by employees and employers alike. The reason – they aren’t employee centric, meaningful and do not give tangible results. 58% of organizations rate their performance management systems as “C Grade or below.” Statistics shows that only 14% […]
Over 90% of managers are unhappy with traditional review process and over 50% of organizations are exploring ways to revamp traditional reviews. Has the review process failed? The key challenge in a traditional review process is that feedback is provided to employees at the end of the year. This does not lead to any gains […]
2018 has seen a shift in HR’s focus area. The emphasis is on “Employee Experience” now. It is about the experience an employee gets at work. A recent study has found that 83% of HR leaders cite “employee experience” as an important factor for organizational success. By offering a valuable workplace experience that meets professional […]
Do you believe Artificial Intelligence is the future game-changer? Artificial Intelligence (AI) is not the FUTURE, it is ALREADY HERE. According to Wikipedia, “Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals”. In a post by Josh Bersin, Founder […]
Employee Retention has become a concern for organizations across the globe. Employee turnover adversely affects a company’s performance and growth. According to the Centre for American Progress, employee turnover costs roughly 20% of an employee’s salary to replace that individual. The US Bureau of Labor Statistics states that people quit jobs in search of better […]
Gen Z – The True Digital Natives Who Use Technology as Their Superpower Technology Savvy. Spontaneous. Emotionally Intelligent. Digital Natives. Practical. All these terms define Generation Z, or iGen, and their behaviour. In a Forbes post, Gen Z has been referred as Post-Millennial generation categorizing people born from the mid-1990s to early 2000s, comprising of […]
Who wouldn’t love being able to work remotely from home? Isn’t this an attractive job perk? With the rise of digital independence, the working landscape has changed dramatically. Employees are demanding better work-life balance, and most employers have adapted and offered occasional work-from-home days to meet employee needs. Work-from-Home – The concept is extremely meaningful […]
“It’s been over two weeks, I haven’t heard from the recruiter till now.” “My interview went well. I had high hope from this job opportunity. But the company doesn’t seem to care much about losing a candidate like me.” “I am not aware about my application status. Not yet received a rejection or confirmation call […]
In the past few years, the term “Performance feedback” has become as important as Client Satisfaction. Feedback sessions are essential to keep employees informed about their strengths and weaknesses. Feedback provides guidance, lead people to perform better. Providing constructive feedback is imperative. Having meaningful and insightful conversations with subordinates to discuss their performance and behaviour […]
“Employees are the most important asset of an organization.” You must have heard this catchphrase before. In fact, some of you are already tired listening to this age-old phrase repeatedly. But hold on and think for a moment! What have you done to nurture and retain this asset? Does your organization offer best work culture […]
How do companies manage their employee data? I often have discussions with senior management of small and mid-sized companies on the HR software they use to manage their employees. In many cases – the only HR software that companies use is a payroll software. Their employee data is typically spread between their payroll software, spreadsheets, […]
Traditional Performance Management approach is broken! Experts believe that old school performance management approach is inaccurate and unfair, as it limits managers and HR to a time-consuming review process and does not yield clear improvements in organizational or individual performance. It has been more about measuring employee performance to meet ranking purposes, rather than focusing […]
Earlier, Empxtrack brought to you Top 8 HR Trends that are expected to rule in 2018. Today, you will read about most expected innovations and trends to reign in recruitment. Technology has left a lasting impression on the Recruitment space in the years gone by. Advances in technology has simplified recruiting and hiring processes. The […]
