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 » There is no change in income tax slab rate for financial year 2019-20 (AY 2020-21). » The standard deduction […]
A formal exit management process mitigates security and legal threats. According to a survey by TEKsystems, only 14 percent of IT leaders strongly agree their organization has an effective employee offboarding process. Employee offboarding process is often overlooked, thus restricting an honest feedback from the exiting employees that can be used for exit analysis. Whether […]
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% […]
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 […]
Do you believe that engaged employees make a highly productive, growing and profitable workforce? Most of you reading this post would agree with this thought. An engaged employee feels enthusiastic, committed and completely involved in work and at the workplace. Engaged employees are loyal towards their organization, and perform well to achieve larger individual and […]
Over the past decade, Empxtrack has become a globally recognized HR and Performance Management solution provider by helping organizations to develop and manage a competitive workforce across the world. Empxtrack has enabled hundreds of organizations to follow best global HR practices and use significant configuration options to quickly meet their talent management needs. To continue […]
HR continues to be restructured with the evolution and increasing use of technologies, mobile applications and social media. The upcoming year is expected to see technology as a biggest driving force in introducing new HR innovations that enable companies to accomplish more with less. Look at the infograph. The coming year is more about keeping […]
HR Managers are often concerned about ways to engage and build a productive workforce. Continuous effort is put to implement innovative ways to increase operational efficiency and improve employee experience. According to a survey conducted by Deloitte, 56% of companies have redesigned their HR programs to leverage digital and mobile tools. With the onset of […]
