As the world continues to grow more diverse, there is an increasing need for workplaces to embrace diversity, equity, and inclusion (DEI) initiatives. Organizations are recognizing the importance of creating a workplace culture that respects diverse backgrounds, values individual differences, and creates an inclusive work environment.
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What Is Data-Driven HR?
Human resources have undergone a significant transformation in recent years. No longer is it solely focused on hiring and firing employees. It has evolved into a strategic function that can drive business success. One crucial tool that HR can leverage to achieve this is data.
This has become more and more affordable as HR tools like HRMS software capture a large amount of relevant HR data. This is a goldmine for business owners, with a data-driven HR approach.
Data-driven HR means using data analytics to make informed decisions about workforce management. In other words, it’s all about using data to inform and guide the HR function.
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Workforce upskilling has become a buzzword in the current job market. With technological advancements and ever-changing business needs, the workforce must stay relevant to be successful.
In our view, upskilling is even more important from the perspective of SME businesses. Because the employees are often not professionally educated or trained for their job roles. Many junior employees take on bigger responsibilities, as senior people are not affordable.
In such scenarios, upskilling can be a good way to remain competitive.
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HR policies and documents are essential for every company. These policies create a framework for employees and let them know how to conduct themselves. It also creates a safe and sound working environment for everyone, ensuring that employees are treated equally and fairly.
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Mini events promote cooperation and improve interpersonal connections in the organisation. They have the effect of reducing workplace friction and increasing employee happiness.
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Remote working has been the need of the hour, and it is here to stay. A McKinsey report suggests, “post-pandemic, given a choice, more than 50 percent of the workforce would like working from home for at least three days a week and one-third of the workforce would like working full-time remotely.”
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Happy and engaged employees are an asset to the organisation. But sometimes being too concerned about budget makes your HR team worry regarding funds for employee engagement.
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