Article | March 2, 2020
In today’s competitive job market, more and more companies are hiring remote employees to help fill high-demand roles and tap into new markets. While this arrangement is usually a win-win for employees looking for a new job and employers looking to connect with top talent, remote work opens the door to some complicated compliance issues. The same challenges arise if your company has offices in other states, too. Having employees scattered around the country means you need to stay on top of federal and state payroll rules, training requirements, and leave laws to ensure your business is compliant.
Article | March 2, 2020
Human resource best practices has drastically changed in the last decade and it has been observed that somehow they affect the organizations in many ways. As a result of this, nowadays, creating programs that improve the quality of work environment, organizing activities to nurture talent anddevelop future leadersmotivating employees, etc. are the things that help align HR goals with the company’s vision. If you manage to make your sales guys happy, it results in a 37% increased sale. The same is the case with other departments. It is found that engaged and happy employees become 20% more productive in their respective work.
If your organization is dedicated to following HR best practices, you will be able to see higher employee retention andhappier employees who contribute to the best of their abilities.This blog will take you through HR best practices in 2020 where you will get to know which activities you can apply in your organization, why are they important and how it will affect the workplace in this and the coming years. Let’s go over them one by one.
Table of Contents:
- Providing Employee Security
- Hiring Right Candidate for the Right Position
- Improving Engagement Through Feedback
- Offering Flexible Workspace
- Compensation and Benefits
Providing Employee Security
It is an undeniable fact that secure employees can give the best work results. When we speak about HR best practices, it is the prominent factor that tops the list. Where there are many changes in the lives of employees, a stable job or workplace is something they look up to and when it comes to career goals of, it is achieved by them in the long term.
When employees feel constantly worried about their jobs, they can’t perform which affects their results. So as an employer it is your responsibility to make them feel secure providing everything which is necessary so that they can relax and settle into doing their best work. It is a proven fact that job security is the best motivator for employees around the world when they can see the direct correlation between work productivity and their future with the company.
The other side of employee security is retaining employees that can significantly affect your bottom line and increase productivity. It is not just about good employees leaving your organization because of employee security reasons but also being able to maintain them to boost the company’s reputation as an employer as there are always some organizations that are willing to hire good employees. For instance suppose some X number of employees stick together with your organization for a long time, they are more likely to work on dynamic projects. They are the ones who create a stronger bond and bolster a strong sense of corporate culture.
Hiring Right Candidate for the Right Position
You obviously can’t hire people just for the sake of filling the positions because it seriously affects the organization in long terms. Here comes the selective hiring approach. What is it exactly? Hiring people who are not just fit for the role but also exceptional and can add value is something that every employer would want to invest time in. Performance analysis gives eye-opening data about hiring the right candidates. According to research, the difference between an average performer and a high performer can be as high as 400% and the data proves to be true for various industries, geography, and job types.
So it is supremely important to bring the right people in the organization to build a competitive advantage.
With the technological advancement, hiring professionals are availed with faster hiring software and tools that save your time. Further, to filter out candidates, the selection criteria that decide the characteristics of a candidate can be divided into 3 sections as ability, trainability, and commitment. Depending on these capabilities, it becomes easier for you to make hiring decisions.
Improving Engagement Through Feedback
Employee feedback is beneficial for both i.e. employees and the company. For employees, it is beneficial for career development and for employers and the company it results in much better and improved productivity. So it is important to note that every person involved in the feedback process is well aware of what needs to pay more attention and that fills the gaps for overall success. To support why employee feedback is necessary, there are some stats.
-69% of employees say they would work harder if they feel their efforts are valued and recognized.
-In a study of 65, 672 employees, Gallup (An American analytics and advisory company) found those employees who received strength feedback had a 14.9% lower turnover rate than those who did not receive any feedback.
Growth seems impossible without crucial feedback that is delivered regularly. It impacts financial growth, leadership growth, employee engagement, and the cultural growth of the company.
Offering Flexible Workspace
Nowadays workplaces have become more than cubicles where employees just come in, make them comfortable and focus on work with freedom in mind. If you are wondering about how office designs can motivate employees to increase work productivity then it will be good to know for you that many companies are investing to support flexible workspaces. Even if the existing design of your office is professional, you may be lagging in getting the most out of available space and when you think of employee comfort and workflow. To start with, simply you can allow them to tailor and custom their desks inspiring flexible work environment.
Another aspect that comes under this category apart from physical space to work is giving your employees access to work from home. In the end, employees are people with different preferences and to value their preferences is surely going to result in better productivity making more profit in the business. So it’s always an option to think about how and when they work which is going to save money, time, resources, enhance productivity, creativity, creating happier and healthier teams.
So, here is an opportunity to make it a win-win situation for business owners and employees to cherish in 2020.
Learn more: Critical factors that affect employee productivity
Compensation and Benefits
After hiring the right people what HRs need to focus on is retaining them balancing their and the company’s growth. These are the people who will be adding value and achieving goals of the company so you need to pay them fairly and inspire to make them stay. Apart from this, you can give them performance-based rewards appreciating their contributions at every step of the journey. Activities like this create a sense of ownership for employees and they get motivated to maximize their results, commitment to the company’s long-term visions and you will be able to retain high potentials.
Article | March 2, 2020
When COVID-19 started making headlines and employees were working from home, the idea was that this was all temporary. In a few weeks (or months), life would return to normal and we’d all be back in the workplace. That hasn’t exactly happened. In fact, many organizations are telling employees they can stay home for the rest of the summer, year, or forever.
Article | March 2, 2020
The human resources field has gone through a lot of rapid changes in the last decade and still adapting many of it. There have been ample changes in what used to be a norm. From manual processes to programmatic advertising. Technologies have brought many changes using automation and AI. And we are thankful for digitization and globalization that are influencing the minds to restructure the employee ballgame.
As leaders are moving into 2020 they are pondering to adapt HR tech trends. And why these trends are gaining so much importance? Because they are going to give more applications at a fast speed and low cost. Basically, these HR tech trends in 2020 are going to advance three chief KPIs. The first among them is the time required to hire. The second one is the cost needed to hire. And the third one is the quality of the hired person.
If you are in the HR department using the latest technology trends, you will be able to get more applications to fill the next vacant position in your company, but that does not mean spending money to filter out qualified candidates. When HR tech trends are used wisely then they are efficient and when used poorly, it can get in the way of managing the company’s human resources. Here is valuable information on how HR tech trends will impact the industry in 2020 and with the help of it how you can manage to maximize the benefits and minimize the problems in the hiring process.
Table of Contents:
- Use of Automation
- Running Targeted Ads
- Optimizing the Budget
- Data Storage and Employee Performance
Use of Automation
On an average, the time for the hiring process is noted as 23 days. But it can be felt like months if you get tons of resumes for a single position. Now imagine the traditional method of going through the resumes one-by-one manually. No doubt it is going to consume more time and energy taking your eyes through all these resumes and shortlisting eligible candidates. And the chances of not missing something can’t be ignored. But in this age of automation, HR professionals can take a long breath of fresh air because AI is here to make this task better, faster, and more accurate. This HR trend has already taken place in the HR system. You type a keyword that you need as a skill in the candidate and you get a lot of resumes matching to that particular skill. And all this is done using natural language processing.
Further automation can be utilized for arranging an interview of the candidate with the manager in the open slot, sending offer letters to selected candidates with digital signatures, sending welcome emails, and giving technology access in the onboarding process.
Running Targeted Ads
Running targeted ads without having digital marketing background is now easy for HR professionals because of the programmatic advertising method. This technology makes sure your job ads are seen by the right people on the right websites at the right time which eventually helps in reducing cost-per-hire, time-per-hire and you end up getting quality applications within the niche.
Various programmatic job platforms make use of targeting algorithms. How does this work? When you create a job description to search your candidate, the algorithms use job type to find more suitable candidates in the best location where they will be searching for that specific job role. It also uses predictive analysis method that finds candidates who have searched that particular job in the past and identify places where they can be found now. All this is done by using their historical data.
Every click on the ad from candidates makes it easier for AI to further target job seekers on various platforms in real-time and also gives you better insights on how your job is performing.
When you deliver your messages in the right way and to the relevant people, over time they will become familiar with you. This is how targeted advertising also helps you in brand building as your ads are shown to targeted and highly valued people in your domain.
Optimizing the Budget
Hiring is not only a process that takes time but it is also expensive. Nearly 30% of the overall recruitment budget is spent on running job ads. And so you need to work on boosting ad presence across job portals and various websites with an optimized budget. For that, you have to make smarter budget decisions. And this daunting task can be done with the help of AI ad technology that maximizes your job ad spend. It distributes the budget across all platforms, analyzes the most effective of them, and automatically manage the budget that gives you maximum ROI.
There are lots of programmatic job platforms that are a great help in making this task easy for you and you can some free time to focus on other important things.
Data Storage and Employee Performance
HR professionals deal with huge amounts of data. They need to save data associated with existing as well as ex-employees as it is required at any time. Many apps facilitate them to save the essential data on the clouds as it eliminates the need of having paper copies. It is also very simple to store, organize, and access the data quickly and easily.
Employee performance analysis is one of the key tasks of the HR department. Stored data is essential in monitoring employee performance using key KPIs. There are many software in the market that are developed with the help of technology that can be used to track the performance, identifying areas where improvement is needed, and accordingly provide the training.
This is how using advanced technology in human resources can give you lots of benefits. In 2019, only 6% of recruitment organizations believe they have the best-in-class process and technology. Looking at the pros of adopting the newest technology trends is going to impact the HR industry to progress. How you are seeing this affecting your HR department?