Top 6 HR Trends for 2019

Top 6 HR Trends for 2019

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 […]

Positive Employee Experience – A New Roadmap to Retain Top Talent

Positive Employee Experience – A New Roadmap to Retain Top Talent

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 […]

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 […]

Is Your Workplace Ready to Welcome Technology-Savvy Gen Z?

Is Your Workplace Ready to Welcome Technology-Savvy Gen Z?

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 […]

Do Frequent Feedback Conversations Guarantee Employee Performance Improvement?

Do Frequent Feedback Conversations Guarantee Employee Performance Improvement?

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 […]

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 […]

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 […]

Case Study: Empxtrack Streamlines Performance Management for IFFCO Tokio General Insurance

Case Study: Empxtrack Streamlines Performance Management for IFFCO Tokio General Insurance

Introduction IFFCO Tokio GENERAL INSURANCE is one of the India’s Largest Insurance providers. IFFCO Tokio is an organization with a qualified team of professionals working together, sharing views and ideas with passion to accomplish a common goal “To be an industry leader in India”. The business environment they work in is dynamic with a high […]

8 HR Trends to Watch for in 2018

8 HR Trends to Watch for in 2018

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 […]

Overcome Performance Management Challenges in Banking & Finance Sector

Overcome Performance Management Challenges in Banking & Finance Sector

Banking and Finance System is the backbone of human civilization. 100% of human population interacts with banks on a nearly daily basis. Banks and Financial Institutions have witnessed a lot of economic turmoil in the past and continue to experience so. Last decade experienced several heavyweights of the industry stumble and collapse without much warning. […]

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] […]

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 […]

HR Statistics for Human Resource Management

HR Statistics for Human Resource Management

2017 predictions, trends and statistics associated with human resource management are all in. Like each year, HR leaders are reviewing the main challenges, priorities and trends before predicting what will change in the year ahead. Human resource management is a process to manage people within an organization. Since employees are the most valuable asset for […]

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 […]

How to Make Employee Performance Reviews More Effective

How to Make Employee Performance Reviews More Effective

Recently, the news of Adobe, SAP, Microsoft and other Fortune 500 companies eliminating annual performance reviews has been doing rounds in the HR world. The traditional annual performance appraisals are fundamentally flawed with unclear employee goals, irregular feedbacks and no employee recognition programs. It’s true that these once-in-a-year assessments do not improve employee performance, and […]