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 […]
Strategic retention has become more important than ever in today’s competitive job market. Many HR professionals have turned to powerful software solutions to help them stay ahead. With the swiftly evolving nature of artificial intelligence and the push towards cloud-based platforms, technologists would argue that HR software is becoming a necessity. That being said, the […]
Selecting a suitable HR software vendor can be a challenging and overwhelming task. While making the right choice of the HR solution, keep functionality, usability, operational effectiveness and return on investment in mind. Besides time and cost saving, ensure that you pick a software that aligns with your objectives and adds significant value to your […]
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 […]
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 […]
The case study is about a legal firm that provides vast array of financial and advisory services to huge clientele, including MNCs, banks, government agencies and other businesses. With a diverse team consisting of 15 partners, more than 700 employees, 150 Chartered Accountants and other domain experts, the company is committed to offer excellent Accounting, […]
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% […]
A company is no stronger than the people who work for it. It’s as simple as that. As a result, to make sure your business succeeds, you need to do everything you can to both attract and retain the top talent. In today’s candidate-driven market, top talent is in high demand. Employers are competing for […]
Let’s start with the universally accepted principle that configurability, like the rest of the “abilities” relative to HCM systems — usability, scalability and inter-operability — are the hardest aspects of a product offering to dramatically improve. These platform attributes (vs. features) consequently should be front and center when evaluating prospective HR technology, because if high […]
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 […]
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 […]
“Empxtrack turned out to be the perfect solution for our business as we aimed to introduce a more formal and streamlined annual goal-setting and performance evaluation process in 2018. It is simple to set up, requires minimal time and effort to administer, and user-friendly for our employees. In addition, the customer service team is highly […]
Naysayers are the first to point out the disadvantages of HRM software: how it is costly, how using it does not have any discernible benefits, and many other uninformed complaints which are rooted in hearsay rather than in fact. But using a Human Resources Management software is slowly coming into vogue. More and more organizations […]
A one-size-fits-all HR software is designed and developed to meet the basic needs of any business. However, organizations require unique solutions to cater to specific problems and needs of their people and business. Thus, there is a growing requirement for cloud based customized HR software that can be personalized and map to the existing processes […]
This case study is about a leading U.S. based IT company with more than 2,500 employees. The company offers a wide range of technology solutions, including Mobile Services, IoT & Analytics, Digital Strategy, Brand and Marketing, Cloud & Managed Services, and more. THE CHALLENGE The client recorded employee work hours through timesheet and used Empxtrack […]
This article outlines a structured process for ‘Leadership Development’ through ‘e-Learning’. It defines an approach to build leaders to manage your company’s business. Producing Leaders of the desired specifications is now within your reach, if you read, understand & implement this approach. Who is a Leader? The definition may change marginally from ‘Military’ to ‘Political’ […]
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 […]
