One might be forgiven to think that payroll teams have the most monotonous or clerical jobs, spending most of their time manually updating all the payroll related details, recording employee bank account and PAN details, keeping track of investment details and proofs provided by employees, configuring CTC based on grade, month and department, sending pay slips and form 16s to all employees etc.,
Think of a quintessential “corporate” professional and most of us will think of a smart, dapper but a harried man (or woman) caught between meetings, his next overseas flight and a mobile phone glued to one hand, trying to accomplish the most he can while on the move. It definitely helps that most progressive organizations are adopting employee-friendly practices of providing flexible workspace and a virtual office.
New Generation Applicants Redefine Interview Feedback Rules Technology is not just the buzzword of the decade; it has become the one thing we are all becoming completely dependent on. Our world has become so automated that we tend to get disappointed when something isn’t. Today, most organizations expect to improve business process efficiencies and decrease redundancies and human error by designing business processes with minimal physical human interface.
Data is ubiquitous today and information is truly the king. This gets proven by the fact that 2.5 quintillion bytes of data is created every day, which could really fill about 10 million Blu-ray discs, the height of which, if stacked, would measure the height of 4 Eiffel Towers on top of one another.
With Britons polling on whether or not they exit from the European Union even while you read this, market watchers within India Inc. are keenly and steadily looking at the goings on in the UK from the corner of the eye. If the UK does pull out of the EU, we of course can expect a slight shake up given the fact that the EU is India’s largest single export market and the European economy is equivalent to one-fourth of the global GDP.
Indian HR has finally arrived. After a delayed and much anticipated debut on the world HRO stage awaited for the past 5 years, India’s HR and HRO story is turning out to be nothing but spectacular. And if the last year is any indication; this is just a beginning. According to the Everest Group, a global research firm, while mature markets globally are expecting a growth rate of ~5%, the APAC market would see a growth of ~12%.
The rapidly changing and increasingly complex business environment today is placing huge demands on business leaders. This past decade has seen dramatic shifts in aspects that govern work and workforce – the physical, educational, enterprise, social and geopolitical aspects – and compel our business leaders to relook at how they manage their people and talent strategies.