A Leading IT Company Sets Up Unbiased Variable Pay System with Empxtrack

A Leading IT Company Sets Up Unbiased Variable Pay System with Empxtrack

The case study is about a leading technology company with a global hub of more than 1 million developers. The company specializes in innovation management & technical recruitment solutions and supports its worldwide clientele to fast-track their growth. THE CHALLENGE The company had challenges in evaluating employee performance and distributing Variable Pay fairly to the […]

Why Does my HR Software not Succeed?

Why Does my HR Software not Succeed?

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 […]

A Financial Institution Simplifies Incentive Process and Eliminates Manager Bias with Empxtrack Appraisal System

A Financial Institution Simplifies Incentive Process and Eliminates Manager Bias with Empxtrack Appraisal System

The post contains a case study of one the largest financial service providers dealing primarily in remittances, foreign exchange and bill payment solutions. The company has a large support staff of more than 2,200 employees spread across 800 offices in 31 countries to provide end-to-end financial services to worldwide customer base. The company faced challenges […]

Performance Management Trends To Follow In 2018

Performance Management Trends To Follow In 2018

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 […]

HR Conclave 2017: A Discussion on Impact of Performance Management System in Organizations

HR Conclave 2017: A Discussion on Impact of Performance Management System in Organizations

Human Resources industry has evolved greatly when it comes to technology and trends. The role of HR has been transformed from merely managing employee data to a strategic partner in business decision making. This transformation has brought a set of new challenges and solutions for the industry leaders and technology innovators. Each year, HR Conclave […]

How to Manage your Employees The way you Manage your Money

How to Manage your Employees The way you Manage your Money

According to a Harvard Business Review study, only 15% of the company’s workforce are difference makers. That means, roughly only 1 out of 7 employees is a real player! Well, the “Star” employee is not the subject matter here, it’s the remaining six! Companies face various issues when it comes to overall company efficiency, and […]

Case Study: Empxtrack Addresses Challenges in Normalization of Appraisal Scores for a Decision Support Analytics Company

Case Study: Empxtrack Addresses Challenges in Normalization of Appraisal Scores for a Decision Support Analytics Company

About the Company This case study is about a company, that provides comprehensive, integrated solutions based on deep understanding of science, the market, and key business challenges that its clients face. The company deploys agile, cross-functional project teams that are responsive to client needs. Their experienced team of experts use proprietary strategic frameworks to help […]

10 Best HR and Recruitment Blogs to Follow in 2018

10 Best HR and Recruitment Blogs to Follow in 2018

Here’s a list of top 10 HR and Recruitment blogs that you may like to follow in 2018. Stay tuned to know latest news and trends in HR. HR Bartender Founded and run by Sharlyn Lauby, this blog focuses on topics that relate to the workplace, not just human resources. Some of the most popular […]

Can Managers Accelerate Employee Productivity by Tracking Real-Time Performance?

Can Managers Accelerate Employee Productivity by Tracking Real-Time Performance?

Setting employee goals in a transparent manner and continuous measurement of employee achievements is critical to business success. While a lot of effort is put into setting goals and documenting them, the need to track real-time progress of goals and measure performance often remains underestimated. This results in loss of productivity, disengaged teams, and under-utilization […]

How to Avoid Manager Bias from Performance Appraisals?

How to Avoid Manager Bias from Performance Appraisals?

Performance Appraisals are conducted to evaluate employee performance, identify skill development needs and recognize valuable contribution of the top performers. Using a standard rating criterion in performance evaluation ensures fairness in the process. Impact of Rating Patterns of Managers in Performance Appraisals During performance reviews, every manager uniquely evaluates and scores employees on multiple performance […]

Performance Evaluation Facts to Keep Millennials Engaged & Productive

Performance Evaluation Facts to Keep Millennials Engaged & Productive

By 2020, millennials will form the largest part of the entire U.S. workforce. Reports say that millennials constantly change their jobs, if they don’t feel valued or find no career growth at their current workplace. To meet their expectations, companies are trying to figure out ways to engage and retain millennial talent. Out of many […]

How to Make Performance Reviews More Meaningful?

How to Make Performance Reviews More Meaningful?

Are performance reviews making any difference in your workforce productivity? Is it even effective in optimizing an employee’s performance? Not sure? You’re not alone! Ideally, performance review is a systematic process to evaluate and document performance of an employee. If an appraisal process is designed and implemented carefully, it can help managers and HR to […]

58% Companies Say That Performance Management is an Ineffective use of Time. Why?

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] […]

Why only 31.5% of U.S. Employees are Engaged at Work?

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 […]

Should 360 Reviews Be Part Of Performance Management Process

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 […]

Want to be a good manager? Don’t let these challenges affect you!

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 […]

Reasons to Automate Performance Appraisal System: A Comparative Study

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 […]

Year in Review: The Changing Trends of HR Industry in 2016

Year in Review: The Changing Trends of HR Industry in 2016

2016 was an exciting year for human resource industry. HR saw major transformations in several HR practices, starting from annual performance reviews to overtime rules, from people analytics to effects of Trump’s administration. All these changing trends kept HR professionals busy throughout the year. We have just stepped into the year 2017. It’s time to […]

Prediction: It’s Time to Re-engineer Performance Management Process

Prediction: It’s Time to Re-engineer Performance Management Process

Why is it important to redefine performance management? Because, it can give us a better way to manage employees, improve their productivity and increase overall organizational effectiveness. According to Josh Bersin, only 8% organizations believe that their performance management process is worth the time they put into. Deloitte found that many organizations were struggling to […]

What to Expect from Performance Management in 2017?

What to Expect from Performance Management in 2017?

2016 has been an unprecedented year in the area of employee performance management. HR leaders are choosing year-long, data driven performance evaluation over employee metrics. Annual appraisals have failed to deliver the desired outcomes and companies no more find them effective. As already stated in one of our previous posts Why U.S. Companies Are Losing […]