After all the workplace philosophies get discussed, one thing is agreed upon by all. Compensation matters the most!
Compensation and benefits are crucial for employee satisfaction and retention. However, HR managers often face challenges when it comes to managing these plans effectively, especially with limited budgets.
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The rainy season can present numerous challenges for businesses, particularly in regions which are prone to heavy downpours, flooding, or storms. It’s essential for HR departments to implement strategies that maintain productivity and employee well-being during this time.
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As creators of SME HRMS, we closely work with HR managers in startups and SME organisations. In our interaction with them, we have seen 2 kinds of approaches.
1: Some HR People Feel Constrained In An SME Ecosystem.
2: Street Smart HR Managers Flourish In SME Business organisations.
Human Resources (HR) departments play a crucial role in managing the workforce and ensuring smooth operations. HR managers do their best in streamlining the processes to the best of their abilities. But their job gets tedious as the organisation grows. Many common HR challenges and bottlenecks hinder their work, and take away their focus from important issues.
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Organisational capability refers to the collective skills, resources, processes, and technologies that an organisation possesses. It is the ability of an organisation to respond to business, social and cultural challenges effectively.
In essence, organisational capability reflects the capacity of an organisation to solve problems, adapt to changes, and innovate in order to stay competitive in the market.
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ESS stands for Employee Self-Service. It is a dashboard or portal where employees can access and manage their own HR-related information without involving the HR department. They can view their attendance and leave status, pay slips, and can request time off, update their personal details, all without involving HR personnel.
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When a business owner or a manager thinks about implementing HR Automation in his organisation, he comes across 3 possible solutions.
These are–
HRMS (Human Resource Management System),
HRIS (Human Resource Information System), and
HCM (Human Capital Management).
Business owners often ask, why do we need a mobile HR app, we are a small organisation? They say– most of our people work in the office or factory.
What they don’t say is often implied in their tone: Mobile app is not a necessity, but a luxury meant for larger organisations. A waste of money for SME organisations.
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The business world is competitive and it’s getting tougher. With no regard for the size of your business. The competitors poach the best talent from smaller, successful companies. And the employees get job recommendations from LinkedIn and other platforms all the time.
It’s pretty important to retain our best talent. And that needs active engagement.
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An interesting conversation took place between Mr Agrawal and his son, recently. His son has just finished his MBA from a premier institute. Mr Agrawal was picking his brains, how to modernise their family business.
When the son asked for HR data Mr Agrawal opened an Excel Sheet on his laptop. The son stopped him then and there.
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