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 provider. 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 […]