The millennial generation, also known as “Generation Y” or “The Boomerang Generation”, includes those who are born between the years 1980 to 2000 and those who have turned adults around the turn of the 21st century.
Workforce Management (WFM) solution is now an essential commodity for companies to streamline their day-to-day activities. It is especially of use for those who wish to bring together administrative issues of a large group of employees, albeit; it works as well for a small-scale company. Some of the functions which can be eased by deploying a WFM software are monitoring payroll, task management, scheduling work shifts, and the likes, all traditionally done manually.
Appraisal due date is fast approaching. HR sent the timely reminders to everybody. Forms are slowly coming. Many self-appraisals are still pending. Without that, managers can’t move forward with their review. Reminders are sent again. Few more forms come in. Now the due date has passed. So this time the HR representative is walking around, searching for managers to remind them again about the pending reviews and discussions.
The rebranding of a popular product is never an easy decision and is always undertaken after a lot of careful deliberation. The magnitude of the task is even greater when the branding effort carries over to the corporate brand as well. This is what is occupying our collective minds right now as we get set to transition from two of the most well-known names in the Indian HR & Admin space. There is a story to be told about the rationale behind the name change and here it is!
A firm's software installation process can be an extensive and expensive proposition, requiring not just monetary investment but also considerable man-hours costs, system architectural changes, and infrastructure up gradation.
Transparency plays a key role for smooth operations for any type of organisation. The most important reason for this is when the supervisor or senior management trusts the lower ranks, the performance level of the subordinates greatly increases.
The manufacturing industry has witnessed three major revolutions. The first revolution harnessed water and steam power for manufacturing while the second revolution used electric power for mass production. The third revolution started the digital revolution and advances in IT were utilised to automate processes.
Be it a small organisation or a large one, all of them make use of time and attendance tracking systems to keep an account of the number of hours the employees or workers put in, in the course of one day.
Many companies look to set up a Workforce Management System (WFMS) to increase their productivity. There are a lot of considerations which go into deciding on a WFMS such as adaptability to the business, flexibility, cost, ease of use, and so on.
The business landscape is transforming at a rapid pace today. This has lead to many human resource challenges for employees as well as employers. A study by http://www.payscale.com/ Pay Scale showed that the percentage of companies who consider employee retention as a problem has risen from 28% in 2011 to 57% in 2014.