Article | April 20, 2020
As Small and Medium Enterprises (SMEs) are impacted by Coronavirus, many are turning to CPAs for advice as they navigate through these complex and fast-changing business conditions. Below are some suggestions from CPAs across the province to help SMEs understand government wage subsidies and tax relief. Most SMEs are looking to benefit from tax relief and financial measures. Noah Jensen, CPA, CA, in Cambridge, is advising all his eligible clients to claim the federal government’s 10 per cent Temporary Wage Subsidy for Employers for immediate cash flow relief. But, he explains, the benefits of doing so will be felt in the months to come.
Article | April 20, 2020
Your HR team can get great results with on a budget using SEO, and this is because it is a cost-effective strategy as far as advertising is concerned. Firstly, SEO targets the company’s adverts to people actually seeking jobs and searching through Google as well as other search engines. Secondly, it betters the company’s brand as well as its image.
Article | April 20, 2020
The job market is daunting right now, especially for those who are new to it. To help recent grads and summer interns navigate this moment and prepare for the next normal, our publishing team has collected our best thinking on thriving in the workplace into a single guide.“We had never done this before,” explains Mike Borruso, a McKinsey executive editor. “Young people graduating from college or starting their first internship are now finding themselves in a very strange time, and we wanted to welcome them to the world of work with some helpful information.”The idea was hatched as many students were heading into finals and graduation season. In the spirit of the firm’s new agile publishing model, which has produced hundreds of coronavirus-related articles since March, the team pulled together the collection within 48 hours.
Article | April 20, 2020
“HR Should be the digital transformation leader because, in reality ‘digitalization challenges’ are work culture challenges.”
- Jane McConnell, Thought Leader
Over a year or so, there has been massive transformation across HR technology. Today the business leaders have become significantly more digitalized to remain competitive. In addition, the pandemic has drastically changed the way companies have adapted pace to purchase and implement new technologies. The traditional way of office-based work was replaced with a virtual workforce, prioritizing efficiency and value-creation. Rapid development in fast-paced, low-cost, modernized, and automated HR Tech solutions transforms the global hiring process. This article will guide HR Tech buyers through new technologies and help you alleviate the HR process.
Trending HR Tech Features Buyers Want
To scale and ease the HR process, companies have started investing in technologies. As a result, many HR Tech companies have come up with easy-to-use and implement solutions to optimize your HR processes and maximize business output. Following are the trending features that businesses are looking forward to when buying an HR Tech solution for their organization.
In the past year, a lot has happened around the recruitment process. HR professionals focus on achieving higher-value objectives like keeping staff happy and engaged, improving retention, and support recruitment strategies. Recruitment professionals can use Artificial Intelligence-powered tools for applicant sourcing, assessment, and screening. Moreover, Artificial intelligence can also help improve the candidate experience. Virtual Reality (VR) technology can be a worthful tool for recruiting and training employees.
Benefits & challenges
As an employer, a hybrid workforce and flexible working hours come with many challenges. Allowing remote teams with flexible working hours will help companies attract suitable candidates for the role. However, to adopt an effective remote work, companies need to ensure a secured network, cloud sharing needs to be seamless, and all the necessary software must be successfully managed. Cyber-security is one of the biggest concerns’ companies face, which can be resolved with trusted solution providers.
Learning & development
Learning and development have become even more important than ever. With workforces such as millennials and Gen Z are craving diversity and inclusion programs from their employers. Challenges HR Tech buyers faced are creating an employee-friendly work culture, easy ways to onboard and train, and offering the right compliance training tool. HR Tech buyers are researching technologies that are easy to implement and roll out a successful HR management program.
Talent & People Management
The future of the workplace has changed drastically. Talent management and people management in a remote work environment has become even more challenging. Managers and HR are constantly trying to keep the staff motivated, nurturing talent, and empowering them to improve and update holistically is becoming the top priority. Companies will recognize, develop, and retain talent for better team-building with the right technology and collaborative efforts.
Businesses need to focus on leadership development. Millennials are confident to take over the workforce soon. However, 63% of these young workforces feel their employers are not fully developing their leadership skills. Complementary leadership includes pairing leaders with balanced skill sets so that they can share responsibilities. This leadership style helps teams remain active and well-organized. Meanwhile, HR can learn how employee performance varies and create a pool of employees recruited for leadership roles.
Challenges and buying process
The process of buying or investing in new technology may vary between organizations. However, a basic understanding can help build and establish prospects in the pursuit of a digital transformation. Commonly faced challenges in an organization in buying HR technology may be due to the number of decision-makers involved; stakeholders may have pre-notion views, backed by their research, and set of potential solutions are often overwhelming. Following are the steps for a business to considering while buying an HR Tech:-
Identifying the problem areas and prioritize
Figuring out requirement areas and uncompromised and need for process development
Listing down solutions and exploring all the available options, hands-on
Selecting an easy to implement, adapt, and process solution
Associate with a trusted solution provider
Agreement and approval of funding
Investing in the latest HR Tech solution doesn't necessarily be overwhelming or complicated. All the digital solutions companies are expanding to meet the demands of the changing landscape. It's no longer pioneering to have the latest and innovative technology; instead, it's becoming a widely accepted norm.
Q. Who is an HR Tech buyer?
A. HR Tech buyers are the top decision-makers in any organization. They need to anticipate the future of the work environment and provide solutions to build an adaptive and flexible environment for a hybrid workforce.
Q. What is new in HR technology?
A. Due to a hybrid work environment, employee training and development are moving to the digital realm. This shift has given rise to the development of new and innovative solutions. Some of the latest innovative technologies are using gamification, AI, and AR/VR
"name": "Who is an HR Tech buyer?",
"text": "HR Tech buyers are the top decision-makers in any organization. They need to anticipate the future of the work environment and provide solutions to build an adaptive and flexible environment for a hybrid workforce."
"name": "What is new in HR technology?",
"text": "Due to a hybrid work environment, employee training and development are moving to the digital realm. This shift has given rise to the development of new and innovative solutions. Some of the latest innovative technologies are using gamification, AI, and AR/VR"