Payroll generation is an integral part of any business, but it can often be a time-consuming and complex process. We see payroll managers struggling every month, coordinating between accounts departments, HR managers, line managers. We see them losing their mind over calculations of salaries, uploading Excel sheets and many other mundane tasks.
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Employee engagement events play a crucial role in creating a positive work environment. Wise HR managers understand the importance of organizing these events and utilize them to enhance employee morale, motivation, and overall well-being.
Employee birthdays, in particular, can be a great opportunity to engage and connect with your staff on a personal level.
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HRMS software increases efficiency and productivity of HR processes and saves money for the organisation. Now it’s an established fact.
Gone are the days when SME business owners used to think about whether to go for an HRMS software or not. In today’s world, organisations are gearing to work with AI and other advanced technologies, and HRMS is not a question of choice any more.
Now there is HRM software for small businesses, too. We mean, HR software specifically created for small businesses!
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Business owners have a general sense of most HR terms, but still some questions keep coming again and again.
In particular, the relationship between payroll and HR often creates confusion.
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In today’s fast-paced and technology-driven world, automating HR processes has become a necessity for organisations. It saves time and reduces errors. And also enables HR professionals to focus on more strategic tasks, such as talent acquisition and development.
But many SME business owners remain in a dilemma, should they go for HR automation or not?
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What Is Data-Driven HR?
Human resources have undergone a significant transformation in recent years. No longer is it solely focused on hiring and firing employees. It has evolved into a strategic function that can drive business success. One crucial tool that HR can leverage to achieve this is data.
This has become more and more affordable as HR tools like HRMS software capture a large amount of relevant HR data. This is a goldmine for business owners, with a data-driven HR approach.
Data-driven HR means using data analytics to make informed decisions about workforce management. In other words, it’s all about using data to inform and guide the HR function.
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Small and medium-sized enterprises (SMEs) face unique challenges managing their human resource (HR) functions. Often, these businesses have small HR teams. So business owners also get involved in HR tasks.
Let’s be straightforward here. This poses multiple challenges.
First and foremost, the business owner gets distracted from the core business, & the business suffers.
Secondly, HR is a specialised function. Admin and junior HR persons get overwhelmed with the complexities involved. This leads to inefficiencies in managing attendance, payroll, leave management, recruitment, & onboarding. And errors in adhering to compliance.
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Two major challenges today for HR managers across the globe are: Attracting good talent, and employee retention.
That’s why all progressive HR managers are putting great focus on enhancing the employee experience in the organisation. It’s not just a buzz phrase but becoming a real differentiator.
Reason? In the competitive job environment, a good salary isn’t good enough. Today’s workforce demands a work culture which can help them grow. People want to work with organisations they can belong to. Employees wish to be treated more than just an employee: A human being with the need for bonding, motivation and inspiration.
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What is the priority for SME business owners in 2023? In our recent survey, most of them put business development and financial management at the top. Ahead of Human resource management.
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Diagnostic centres are under huge pressure to deliver. As the demand for services is high due to the pandemic. It is not just a business but a responsibility to handle the mounting pressure well.
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