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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 … Read more
Digital Transformation and the Evolution of HR Trends
Till a few years ago, human resources used to be least active in technology innovation and automation. But over time, digital transformation has empowered HR to improve the human resource processes. According to CB Insights research, HR technology industry had received more than $2 billion in investment capital in 2015. Thus, encouraging use of advanced tools … Read more
Online Leave Management: Make Leave Transactions Quick than Ever!
Here’s an incident that inspired me to write about an online leave application system and how managers can make best use of this tool. I manage a team of 5 people. Last month, we had an important project, and unfortunately, we missed on our first project delivery deadline. I was taken by surprise when one … Read more
2017 Global Human Capital Management: Winning Strategies for a Changing Market
The most important asset for an organization is their PEOPLE. According to Gartner, Human Capital Management is a set of practices related to people resource management, specifically in the categories of workforce acquisition, management and optimization. In today’s fast-growing business world, organizations strive to utilize their workforce optimally to remain prepared for future growth and … Read more
Latest Income Tax Rules for FY 2017-18: Empxtrack is Here to Help you
Get latest updates on income tax rules and 24Q form filing for FY 2018-19. 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 … Read more
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] … Read more
Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles
Payroll management is complex, time-consuming and requires full business confidentiality. Managing employee data, answering queries, preparing reports and processing payroll, all 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/ education allowances and taking … Read more
5 Things you May Want to Correct in an Applicant Tracking Process
Before you scroll down to read this post and comprehend why have you come here, let us share a few stats (Source) about candidate experience during the recruitment process. In cases when job applicants have unpleasant experience during hiring process – » More than 64% of applicants share negative application experiences with their colleagues and … Read more
How to Overcome Challenges in Travel and Expense Management?
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 … Read more
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 … Read more
