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Most companies spend copious amounts of time evaluating the performance of their investments in areas such as R&D, capital equipment and even sales and marketing.
What they fail to analyse is the investments into what is probably their greatest area of expense: human capital. For services firms, it comprise 85 to 90 % of total costs, while for manufacturing, human capital costs can be twice as high as other capital costs. (more…)
Smart managers know that an organization is not merely a group of employees but a collection of individuals bristling with various emotions. Likewise, successful organizations provide jobs not simply a source of livelihood, but as a means for the employee to reinforce his talents and skills.
To engage employees most effectively, managements should conduct an employee engagement survey and use ideas suggested by experts to improve employee involvement. (more…)
A company will from time to time require to expand the workforce to improve productivity. This necessitates soliciting suitable job candidates to spearhead the mission and vision of the company.
The process should yield great candidates that magnify the reputation of the company as well. Thus, the process requires a unique recipe. (more…)
Are you an employer; maybe a CEO, HR Manager, Entrepreneur, or you could even be a human resource consultant? If yes, then you;d be keen to know what it means to be an employer of choice.
When your entity is described as such it implies that you have over time developed and implemented practices, terms and conditions, policies and procedures, culture, environment, strategies etc that attracts people and makes people want to work for you. (more…)
With most companies in India undergoing a digital transformation, the increased automation continues to transform almost all aspects of a business.
Even Human Resource departments have had to conform to the dynamics of an increasingly digitized market place.
HR departments have always wanted to deliver a human centered employee experience. They are now also using advanced digital technologies to create a more closely personalized and compelling experience. (more…)
Human resources, once considered only to be significant and important to large businesses, has been playing an increasingly critical role in the success of small businesses today. Savvy business leaders have in fact realised that the most critical element of their success is their people.
The question is how to attract and keep the best ones working for you? Here is one of the well known techniques, though most CEOs would want to keep it a secret: (more…)
Hiring innovative teammates can only be achieved through innovative hiring practices. And, to help you shape those hiring practices, you need to identify some of the outdated hiring techniques that you may have become used to till now.
In fact, in this age and time, where the use of artificial intelligence in skill assessments is rapidly taking the guesswork out of hiring, it is all the more necessary that you weed out any redundant methods you may be still resorting to.
Here are five of the most serious practices you should identify and avoid during your next hiring process. Are you able to identify any of these if you are already using them? Take a look: (more…)
It is a fact that your employees learn a lot on the job. Even more than they would ever learn in formal training courses.
However, ensuring that your team learns through practical experiences is not an easy task.
Here, we share certain tips that could help you create and implement a much richer on job experience for your employee team. (more…)
As an HR practitioner, you are expected to to link individual performances of your employees to the goals of your business. One of the ways you can do this is by analysing your employee performance on the basis of their competencies.
Employees can be assessed for their competencies to succeed on the job based on integrated knowledge, skills, judgment, and attributes that they need to perform a job effectively. Here are a list of core competencies you may want your employees to possess depending on various roles and responsibilities they handle in your organization: (more…)
The first step in measuring training effectiveness is by monitoring how your recently trained personnel are using their new skills.
If they are using those skills efficiently then that’s a good sign that their education has been effective.
How will you know though, that your employees are successfully applying the skills that they have been trained for?
Cognitive ability has garnered tremendous attention for over a century now.
It has in fact played a prominent part in developmental studies in many ways. Most organizations now consider cognitive ability for recognizing a candidate’s ability for a particular job role.
It is also perceived as a guide of normal development as well as considered as a predictor of future success. Cognitive ability has been significant in developmental and adult psychology for decades. (more…)
Check out some statistics here.
Attracting the best talent, retaining them and enhancing their productivity – these are the top 3 human resource challenges anticipated by Indian organizations.
This is according to a survey conducted by Randstad, based on the feedback of almost 500 prominent HR leaders from some of India’s most admired companies across industries
Attracting the best talent is thus proving to be the most serious roadblock for India Inc. (more…)
An emerging trend in recent years is learning in small chunks at one time – referred to as Micro Learning.
Over a period of time, this will be the primary way for employees to learn on the job.
This is even more relevant for millennials or Gen Z employees who have been used to grow with bite sized information delivered on mobile device. (more…)
The SHRM India recently concluded with their 5th Annual conference and Exposition 2016 last week.
The event could be rightly described as a platform that pushes you to embark upon an overwhelming journey into the world of human resources.
Team AssessHub participated in the event this year as well and had a lot of takeaways from the mega occasion that brought together the best of human resource professionals on one platform. (more…)
Technology is rapidly evolving with the time. It is even being used increasingly for most aspects of human resource management as well.
Though most organisations make use of technology primarily in relation to payroll. In fact, it can also be increasingly used to enhance the overall human resource experience thus making it that much more simple and engaging. What it has been restricted to though, is more of a once a year activity. (more…)
Aiming for a reduced employee turnover rate and a much higher retention in your organization? There would hardly be any HR executive who wouldn’t share this goal with you.
Retaining your employees is one of the toughest challenges faced by human resources teams across organisations.
With the economy improving big time and the shortage of talent, the employee turnover rate would only tend to go higher. (more…)
You will definitely agree this quote by Mr. N.R. Narayana Murthy, Chairman Emeritus, Infosys Ltd. “You must treat your employees with respect and dignity because in the most automated factory in the world, you need the power of human mind. That is what brings in innovation. If you want high quality minds to work for you, then you must protect the respect and dignity.”
As easy it may sound, managing human resources effectively could be quite challenging . (more…)
You can ask any business about its top challenges. I am sure you will find recruiting and retaining talent most times on the top of that list. As we are becoming technologically sound, the way companies approach the overall talent search and hiring process is gradually undergoing a radical change.
A couple of decades ago, the resume used to be merely a piece of paper. However, in today’s world, it is a collection of candidate data that can even be found online. (more…)
Consider this: Its the Day 1 for your organisation on campus!
You are required to manage a frantic, intense hunt for the best candidate. Easily Manageable? Barely so…
You have your schedule chalked out: You begin with your pre-placement talk, an assessment, interviews followed by job offers.
A process that requires immaculate planning and super sharp decision making skills. (more…)
Letting an employee can involve huge costs for your company. Your hiring decisions ultimately determine if you land up with highly engaged, focused employees.
This is one reason most organizations are keen to improve on the accuracy of their hiring decisions. With psychometric assessments, this has become all the more achievable. (more…)