Gone are the days when hiring people meant taking out adverts in the newspapers and hoping for a good response.
For the last 10-15 years, certain technology-dependent recruitment practices that have been around but the recruitment-process environment hasn’t really changed all that much. Video-interviewing, satellite conference calls, social and business networking portals etc.
As organizations grapple with an increasing number of routine, administrative tasks that can drain employees’ time, AI is already demonstrating how rapidly it can transform work. There is cautious worry about the effect that AI will have, especially when it comes to the workplace and the perceived threat to high-transactions oriented jobs.
On the back of a rich cultural heritage, travel industry in India is gaining explosive momentum. Even with modest projections, travel is poised to become a $48 billion industry by 2020, while air travel shows a significant growth of 15% and hotel businesses at 13%. As the industry grows fast, the demand for a better end-user experience is increasing at a rapid pace.
Organizations today are operating in an uncertain, complex, and an increasingly volatile world. With innovations happening at earth-shattering pace, it’s difficult to keep up with an evolving landscape. The HR function is facing new demands which require quick, and fitting adaptation to the new mission. That’s why, while buying a new HR Technology, you need to keep a balance.
Complicated androids, Obliging robots, and weird machines!
When you think of artificial intelligence (AI), these might be the first few pictures that dance in your mind. While the legends like Stephen Hawking have raised alarm about the possible destruction of the planet due to AI, the modern-day organizations have a slightly more optimistic take on the subject.
No matter how your month went, how much pressure or team targets were swamped on your face, getting the salary in your account on the last day always puts a smile on your face. After all money is the major motivating factor to work. But if your payroll management systems still rely on paper work, manual interventions.
Modern SaaS HR solutions are improving at a neck breaking pace, no longer just restricted to transactional functions like a basic payroll system. If you are an HR leader, you know or will soon learn that you need tools to coordinate HR processes with enhanced levels of flexibility, usability, and ease.
Have you ever seen how payroll gets manually managed in a company? There are always these 2-3 hapless, doleful looking payroll personnel who are constantly chased by the HR team, by the finance/accounts team to check data accuracy and by the employees who have salary related queries. To see their faces light up – when they come on to a cloud based payroll solution that literally halves their time spent, is a sight worth seeing.
Compensation management is one of the trickiest processes to oversee for any enterprise, because any errors will impact the direct payout to the employee, and the last thing that companies want is – angry employees.
At PeopleStrong, we help you gain maximum traction from your compensation workflow by automating it and assimilating it with all related processes.
When you have thousands of employees geographically spread across hundreds of kilometers in the country, a single consolidated view of all employee data can seem utopian. Unless organizations are willing to be left behind, they will have make a decision to find the best HR solution that makes the most sense, for its business evolution as well as its people.