In today’s global economy, companies prefer appointing employees across various locations based on business needs. Talented and skilled workers can competently meet project deadlines and work towards achieving organizational objectives, even if they are working remotely. Such remote team members not only help in saving business costs but also help increase overall productivity. Use of […]
In India, 2016 ended with the news of Demonetisation surfacing all over the country and impacting rich and poor alike. The prolonged cash shortage created a lot of confusion and chaos for the common people, and it hugely impacted disposable income of the countrymen. Government of India planned this move to cease cash-centric black market […]
Payroll management is time-consuming and complex and requires full business confidentiality. Managing employee data, answering queries, preparing reports and looking into payroll processing, all often at the same time, becomes overwhelming and stressful for the HR department. What are some common issues in payroll processing? Calculating taxes, Provident Fund (PF) and ESI deductions, travel/ medical/ […]
Today, business travel has become a common thing. Global expansion of a business significantly increases travel expenses for the company. Increase in Travel and Expense Spending As stated in a PayStream Advisors report on travel and expense management, 38% of companies spend more than $500,000 on travel and expenses, and 18% spend more than $5 […]
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 […]
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 […]
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 […]
Transitioning paper-based payroll processing to an online payroll system has always been a debatable topic for the leadership in many organizations. Despite having payroll software and resources, organizations consistently face payroll management challenges. A payroll management administrator encounters many payroll issues on day-to-day basis, each with varying degree of success in resolving them. Many organizations […]
Getting daily coverage of 2016 U.S. Presidential Election from different forms of media has already created havoc in the HR departments of thousands of organizations. You must be wondering ‘HOW?’ According to a poll conducted by Harris Poll on behalf of American Psychological Association, 52% Americans accepted that Presidential Election has become a significant source […]
Yes, you heard that right! Businesses that do not invest in employee training and development are always a step behind their competitors. Lack of employee development efforts of an employer creates dissatisfaction among workforce and fuel many early exits from an organization. As employing and retaining top talent has become bigger issues in talent management […]
