IIM ROHTAK HUMANE-R CLUB Presents
HR BULLETIN VOLUME 8
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VOLUME 8
HR Bulletin 1.Save Money and Increase Productivity with StartupHR Toolkit StartupHR Toolkit- Smart and Innovative HR Solutions Have you ever wondered that you can now run your startup without hiring HR and save more money? Yes, we are absolutely right, this is now possible with StartupHR Toolkit comprises of ready-touse HR templates for different stages of HR process. The aim is to help you manage your HR processes independently. This Startup Hr toolkit is set up in Mumbai, India and was started by Waqar Azmi. About StartupHR Toolkit The vision of the company is to use the experience and knowledge of new-age HR practitioners in HR Toolkit that will increase productivity and give everyone time to concentrate on real work. This startup is on a mission mission to change the way companies look at Human Resource Management and they want to make the lives of HR professionals to easy and happy. This specially designed toolkit is ideal for startup entrepreneurs, small business owners, HR generalist and managers, HR- MBA and Diploma holders. Mastermind behind StartupHR Toolkit This venture of StartupHR Toolkit was started by Waqar Azmi, who is serial Entrepreneur and an adventurous traveler. He is The Founder & CEO of Sutra Services Pvt. Ltd. , the parent company behind SutraHR & StartupHR Toolkit. His experience of working with numerous HR professionals and Startups has helped him understand the problem of HR Documentation faced by them. This led him to the idea of creating an HR toolkit which helps such HR Professionals and business owners to make any HR Docs in mins. Waqar is regularly invited to share his expertise and leadership thoughts in the HR domain by leading business news channels and publications like BBC, CNBC Awaaz, TOI, Hindustan Times, YourStory, CNBC, ET NOW, Bloomberg, etc.
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Advantages of using a StartupHR Toolkit If you are still confused weather this option of StartupHR Toolkit is wise or not, then below listed are some of the best advantages of using the same: You can now start your startup without spending time in looking for a suitable HR for your company when the staff is limited. • In case, you own a setup having large number of staff, then this StartupHR Toolkit can help your HR to manage their work efficiently. • This kit allows you to adopt smart way of working which will definitely lead to greater produce with profit. • You will no longer have to wait for important HR related work to be completed if your HR is not available in office due to some reasons. Now that you have read detailed information about the StartupHR Toolkit, what are you waiting for? Visit their website, www.startuptoolkit.com for more detailed information. If our readers have more questions, regarding the same, they can reach us through the comment section given below. •
Read more at : https://www.timeclockwizard.com/choosing-the-best-hr-tools
2. Internal hiring remains key to productivity, improves retention: LinkedIn report About 77% of the HR professionals surveyed in India said they are increasingly focussed on employee experience to enhance talent retention, a report by LinkedIn said on Thursday. Employee experience includes people, workplace environment, product and process The report pointed out that meaningful insights can help in forming decision related to talent at every level of the recruitment cycle and therefore, understanding and capitalising on analytics is quickly becoming a must-have skill in HR.
New Delhi: Companies are laying off employees across levels but hiring their own people can be beneficial for improving productivity, shows LinkedIn Global Talent Trends 2020 report.
Currently, companies are primarily using analytics to measure employee performance and strategic workforce planning.
Highlighting the key HR trends across the world. the report suggests that internal recruiting is crucial to employers to improve retention.
Highest globally, 92% talent professionals in India consider 'people analytics' will pave the way for the future of HR and recruitment, the 2
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report said. About 72% respondents said they currently use people analytics for measuring and improving performance in HR operations, it added.
This could also present challenges. About 77% surveyed in India felt that generational difference in management styles is a significant challenge for companies towards maintaining a multi-generational workforce.
The report found that organisations are rediscovering how cost-effective it is to recruit their own people. Internal recruiting helps improve retention, accelerate productivity as well as speeds up the hiring process.
The report surveyed over 7,000 talent professionals and hiring managers across regions including India.
In India, 96% of the talent professionals surveyed said they are placing their bets on internal recruitment (versus 81% globally). About 80% of talent professionals in India said having a diversity of generations is an important factor in recruitment efforts.
Read more at: https://www.livemint.com/ industry/human-resource/internal-hiringremains-key-to-productivity-improves-retentionlinkedin-report-11579923045951.html
3. People analytics is future of HR in India, shows LinkedIn report MUMBAI: As high as 92% talent professionals in India consider People Analytics to pave the way for the future of HR and recruiting, according to a LinkedIn report. The 10th annual edition of the LinkedIn Global Talent Trends 2020 report shows that 95% of talent professionals in the country believe employee experience will shape the future of HR in the coming years.
“About 96% of talent professionals in India are placing their bets on internal recruiting to shape the future of HR and recruiting.�
EMPLOYEE EXPERIENCE Talent professionals say focusing on employee experience increases retention and productivity, meets high expectations of younger workers, and attracts more candidates in this tight labour market. Top areas under employee experience that need fixing, however, are compensation and benefits and an increasing need for simplified administrative processes.
The report looks at survey results from 7,000 talent professionals, platform data, and interviews with leaders to provide insight into the key topics impacting HR leaders today. This year’s Global Talent Trends report focuses on how empathy is reshaping the way employers hire and retain talent, with companies working harder than ever to understand their employees more deeply, and better serve them. The four key trends of this year include employee experience, people analytics, internal recruiting and multigenerational workforce.
In India, 95% of talent professionals consider employee experience to shape the future of HR. 3
About 77% say they’re increasingly focused on employee experience to increase employee retention, while 44% feel that lack of leadership’s focus and prioritisation is a significant barrier to improving a company's employee experience.
85%; Southeast Asia (90%) and China (89%)), while 72% currently use people analytics for measuring and improving performance in HR operations. INTERNAL RECRUITING An increasing number of organizations are rediscovering how cost-effective it is to recruit their own people. Top ways internal candidates are recruited are through jobs on internal job board and hiring managers reaching out to employees they know. Internal recruiting helps improve retention, accelerates new hire productivity and accelerates hiring process, the report states. About 96% of talent professionals in India are placing their bets on internal recruiting to shape the future of HR and recruiting. Nearly 83% feel internal recruiting improves employee retention, while 70% say employees find internal opportunities listed on an internal job board.
Globally, 96% of HR leaders say employee experience is becoming more important. There has been a 2.4X increase since 2014 of job titles on LinkedIn with “employee experience”. Nearly 98% of talent professionals in Australia say employee experience is crucial to HR, and are a global leader, followed by the US, Canada, UK, and Southeast Asia. PEOPLE ANALYTICS Companies are applying data to evaluate recruiting channels, identify skills gaps, and assess talent supply and demand. Currently, companies are primarily using analytics to measure employee performance and strategic workforce planning, shows the findings.
Globally, 81% of talent professionals agree that internal recruiting improves retention and better retention may be why companies with higher than average internal hiring see their employees stay 41% longer.
In India, 92% talent professionals say people analytics will be very important in shaping the future of HR and recruiting (world average is 4
MULTI-GENERATIONAL WORKFORCE Carving out new career paths, offering flexible benefits, developing longevity strategies and promoting informal interactions across generations are some of the ways in which companies are driving a radical explosion in workforce age diversity, shows the report. While all generations value companies with purposeful missions, it’s Boomers who are most likely to call it a top priority. Gen Z, meanwhile, is most likely to value training—36% call it a top factor when considering a new job.
Nearly 80% of talent professionals in India agree that having a diversity of generations is an important factor in recruitment efforts, while 74% say their company will focus on recruiting millennials in the next five years. About 77% feel that generational difference in management styles is a significant challenge for companies towards maintaining a multi-generational workforce.
Read more at: https://economictimes.indiatimes.com/https://economictimes.indiatimes.com/jobs/people-analytics-isfuture-of-hr-in-india-shows-linkedin-report/articleshow/73548647.cms? utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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